The trap of high volatility

[alani123]

High volatility means it's more rare to receive a payout when playing a game, but as a counter to test there is potential to get very high multipliers, albeit very rarely. This term is usually meant for slot games because in other games things work a bit differently.

Anyway, I wanted to see if others thought the same of high volatility.

The issue I take with high volatility slots, is that it is so exceedingly unlikely to receive a decent payout, that almost no player even has the possibility to leave the slot in profit.

Think about it. If you were playing a different chance based game and had 10% chance to win 9 times your bet, it would mean 1 in every 10 waggers earns someone back a decent multiplier. But in slots you more often than not get nothing back. The large multipliers have to be fed somehow. So someone can get 4000 times their bet every once in 15 thousand bets or more. Many others have to lose in the process.

But even the gamblers that win the big multipliers, does that mean they are in profit? I highly doubt it.
If you hit a large multiplier would you stop? Or even if you did stop, it's very likely your losses so far would have exceeded the winnings. So with certain games even good luck counts less than in other games. After all slots have an RTP of ~96 or 97% whereas there are gamez with a house edge of 1% or lower.

[Accardo]

High volatility broadly signifies risk. High-volatile games offer big wins, but they'll barely arrive. The player will lose out a lot before he wins. The only good thing why most people choose highly volatile games is for large rewards. Players with problem gambling should try low-volatile games instead. Losing too many times for one huge win isn't preferable. Low-volatile games offer more wins but in small dimensions.

[_act_]

If you want low pay but which will be more frequent, you can go for low volatility machines. But if you want high payout which will be very rare, you can go for high volatility machines. Do you know that you still have more chance to lose than win in total? Just gamble for fun with little amount of money and you may be lucky or not. You can afford to lose the money if you are not lucky.

[TravelMug]

But even the gamblers that win the big multipliers, does that mean they are in profit? I highly doubt it.
If you hit a large multiplier would you stop? Or even if you did stop, it's very likely your losses so far would have exceeded the winnings. So with certain games even good luck counts less than in other games. After all slots have an RTP of ~96 or 97% whereas there are gamez with a house edge of 1% or lower.

I think gamblers knows that trap already specially for those who have been playing slots for years and yeah, even if they win big or a jackpot, I would think that they are still in the negative. I've talk to old time gamblers and they proved it, someone won big, in the millions, but he says that since he has been playing for so many years, he speculate that he is not in the profit because of the money that he have lost throughout the years.

But I guess for this kind of players, they could have been addicted already. But they still chase that unknown even if they know that their chances are very slim. But who knows, lady luck might smile at them one time regardless of the chances and the probabability.

[Coin_trader]

This is how the high risk high reward will enter on gambling. Your on aim on playing high volatility slot games is to hit high multiplier as soon as possible to gain profit more than your loss.

High volatility slot games is suited for those tight bankroll because most of the time they will bust their bankroll immediately before they can hit decent multiplier. I usually just buy a couple of bonus buy on this slot games to try my luck and move on immediately if I didn’t win on few tries.

It’s not a trap but rather it’s designed for players that seeks big payouts instantly. You can win huge win on few tries on high volatility slot games and that’s your goal when playin this type of game.

[ralle14]

Once I catch a good multiplier from those highly volatile games, it'd serve as a good stopping point, there's not much reason to keep playing once you're up, and if you're still down by a decent amount better switch to a different game because who knows how long it'll take before the game pays you out with a multiplier that'll keep you topped up.

It’s not a trap but rather it’s designed for players that seeks big payouts instantly. You can win huge win on few tries on high volatility slot games and that’s your goal when playin this type of game.

I agree, it's a hit or miss, they sometimes pay out within your first ten spins or it'll eat up your bankroll a bunch of times if you're having one of the worst luck.

[Julien_Olynpic]

Such high volatility, in my opinion, is a kind of trap for players. First of all, addicted players will fall into it. That is, players who will not be able to soberly assess their chances of winning, and at the same time, high wins will cloud their minds. Yes, there is something like a strategy of playing on high multipliers. This is based on the fact that you make many small bets that rarely win. Since bets rarely win - you often lose money. But since you spend a very small part of the bankroll on each bet, your bankroll melts very slowly and you can survive until the first big win. It is often possible that one big win can completely restore your lost bankroll and even bring some profit.

[danherbias07]

No, not in profit.

I also tried to count how many times a highly volatile slot game has to take before it gives something back, not everything. Sometimes you enter a bonus game or free spins and you would just get x1 - x9 which is frustrating if it happens. Then, another free spin will come with a better multiplier.
Still, the risk is way high considering how long it will take before you receive something. That is why I always tell in other threads to divide their balance by x1000 or maybe more so that the chances of receiving that big payout are higher as we play the game longer.
That's true, we need to feed it first before it gives something back which could be stressful for those expecting too much.

[Darker45]

It seems the motto as far as high volatility games are concerned is try and try. With slots, you can have a hundred dollars and sit there for hours trying and trying until you hit that multiplier. But you'll definitely log out with nothing most of the time. The good thing is you have a wide array of slots whose RTPs are a lot higher. Legacy of Dead, Gold Rush, Guns N' Roses, Jammin Jars, and many more offer north of 96%.

Would you stop if you hit that big multiplier? If you're having fun why stop? If you've had enough then enjoy your cash-out. Or let's say you set aside a portion of your winnings for more rounds until it's drained and that's it.

[Bitinity]

If you were playing a different chance based game and had 10% chance to win 9 times your bet, it would mean 1 in every 10 waggers earns someone back a decent multiplier. But in slots you more often than not get nothing back.

Hey buddy, this is gambling not a math where you can get exact probability based on numbers/percentage. Maybe you should try coinflip yourself, do 10x flips and see the result. Logically if you think like what you said above, the result should be 5x head and 5x tail but it will not happen that easy. You may get all 10x head or vice versa, or you may get like 6-4 7-3 etc. Bear in mind that every single bet is independent, if gambling is like an exact math, many gamblers will be all rich because they may count when the winning bet will come. It is not only in slots where so many possible results in single bet, but it may happen in a game like dice even if you play with 2x payout where you can get more than 20 losing streak.

[Maslate]

I thought you were referring to the high volatility of the price when I saw the thread title, but I was surprised that different factors were discussed, involving RTP and the house edge. I'm not well-versed in RTP, but I know that with the house edge, regardless of its size, we would still lose in the long run. Games with a house edge are called luck-based games, so any strategy you think of would never guarantee long-term success, as that would never happen. This won't be a trap on your end if, from the beginning, you already understand that you can't beat the house since they have an edge.

[Wexnident]

~

The argument would probably never end if you ask if someone is profitable since they'd refuse to acknowledge that everyone, at the end of the day, is always at a loss due to the existence of House Edge. And I don't think we need to mind edge cases like someone hitting a jackpot after one time of playing since, well, they're edge cases. It'd be pretty dumb to try to chase them since again, edge cases, unique cases.

And I wouldn't say it's a trap. It's just how the game works. You get a possibility of a very high return, but at the cost of countless possible spins, possibly not hitting it in the first place. But you don't exactly bet on not hitting it, you bet on actually hitting, so I don't think it'd make any sense to consider it a trap when you yourself know what's happening.

[Nrcewker]

High volatility broadly signifies risk. High-volatile games offer big wins, but they'll barely arrive. The player will lose out a lot before he wins. The only good thing why most people choose highly volatile games is for large rewards. Players with problem gambling should try low-volatile games instead. Losing too many times for one huge win isn't preferable. Low-volatile games offer more wins but in small dimensions.

How is volatility coming into the picture in gambling? Gambling is all about one shot. Either you win or lose in one bet. Instead of volatility, the main ingredient here is risk. The more risk you take, the higher will be the reward or profit. If you're someone who doesn’t like to take high risks with his hard-earned money, then choose games with low risks to play on. I have seen many gamblers do good research before selecting any games to play on; they don’t go for the volatility of the games. They see how risky it is to place a bet on that particular game and place the bet accordingly.

[famososMuertos]

Regardless of what you think, what matters is the argument of why spin on  slot, then, if any player understands the parameters surrounding that slot they want to play, they have 2 options, (obviously) spin or not.

If you decide to spin, there are two types of players; those who understand the volatility parameters in that slot, and/or simply the players who spin.

With the first ones nothing happens, but with the second ones, it is where the great stories of winners are usually created, one spin and I win thousands of dollars, then there is the other side of the coin, the losers, those who cry, etc.   

[serjent05]

High volatility broadly signifies risk. High-volatile games offer big wins, but they'll barely arrive. The player will lose out a lot before he wins. The only good thing why most people choose highly volatile games is for large rewards. Players with problem gambling should try low-volatile games instead. Losing too many times for one huge win isn't preferable. Low-volatile games offer more wins but in small dimensions.

The bolded part is not entirely true.  Remember slots game results are dependent on RNG.  It means in every spin there is a chance that the gambler can hit big time.  Like the ones I read on some of the replies in the thread in the gambling discussion where player are able to enter a bonus round and hit a good multiplier on their initial play.

It is true that in the long run high volatility slots can make the gambler lose a lot of money. Still, it is not entirely true that players need to bet a lot on high-volatility games to get into a bonus round and have a chance to hit a huge multiplier.  Sometimes even a normal spin can land you a max win.

[Poker Player]

It is not a trap, it's rather a law.

There is a relationship between profitability and risk so that the higher the potential prize, the higher the potential risk of losing your money. This happens in investments as well. Investing in JNJ is much safer and less potentially profitable than investing in the latest small cap or latest trendy shitcoin. If also when you hit the jackpot instead of stopping you continue betting it's not that it's a trap, it's just that you are dumb (or you have problems).

[taufik123]

-snip-
But even the gamblers that win the big multipliers, does that mean they are in profit? I highly doubt it.
If you hit a large multiplier would you stop? Or even if you did stop, it's very likely your losses so far would have exceeded the winnings. So with certain games even good luck counts less than in other games. After all slots have an RTP of ~96 or 97% whereas there are gamez with a house edge of 1% or lower.

I also doubt it because there will be more losses with a larger amount of capital than a big multiplier win.
Players who get a big multiplier will probably quit when they reach an advantage, but it is very rare.
Only a few people end up benefiting from slots despite having an RTP of 96%-97%.

Of the many losses that occur, only a few wins are given, so the Casino will get more profits and only a few lucky users.

Say not too crazy in playing slots, it is just as entertainment and not for big games.

[crwth]

I think it is the player who makes it a trap for themselves because they know that it has a high volatility rate and also a high probability of reaching the high multiplier. However, they don’t consider the potential percent of the actual winning rate, and that would be really hard to come by.

Hence, it is them trapping themselves with it.

[ryzaadit]

IDK, but the other factor also depends on the type slot.

Type slots with "Megaway" it's more rare to hits for normal slot. I more prefer to common slot, cause the hits still can be at at least more than 50% meanwhile megaway slot is around 20-40% (kinda hard to hits)

So, try to be wise for selecting. Unless you want go big or go home, megaway is the option.

[Hirose UK]

But even the gamblers that win the big multipliers, does that mean they are in profit? I highly doubt it.
If you hit a large multiplier would you stop?

High volatility on average has much more difficult chance of winning and of course most games with volatility, especially slots, always have fairly large bet amount even though it is already in the lowest bet option, in the end it will still take more capital.
If get win with large multiplier at the beginning of the game session or can say haven't lost large amount of money, then it can be said to be profitable as long as the gambler who gets it can control himself and not use the win to continue the game.

I myself, if I manage to win high volatility game with large multiplier, whether it at the beginning or in the middle of the game session, will still stop and immediately withdraw most of the winnings, if this attitude is not done, then even jackpot win is in vain.