What is Volatility (Variance)?

Volatility (also called variance) describes how risky a casino game is and how often it pays out. Low volatility games pay out small wins frequently, keeping your balance steady but offering smaller prizes. High volatility games pay out less often but offer much bigger wins when they do hit. Medium volatility games fall somewhere in between. For example, a low volatility pokie might give you small wins every few spins, while a high volatility pokie might go 50+ spins without a win but then pay out 100x your bet. Australian players should choose volatility based on their budget and playing style - low volatility for longer sessions with smaller bankrolls, high volatility for the chance at big wins with larger bankrolls.