The trap of high volatility

[m2017]

But even the gamblers that win the big multipliers, does that mean they are in profit? I highly doubt it.

It depends on the bet amount, because big multipliers mean nothing without big bets and that's when the profit comes.

If you hit a large multiplier would you stop?

Depends on the final winning amount.

I had big multipliers in the slots, but since the bet amount was very low, and therefore the profit, I continued to play, which naturally led to a complete loss of the deposit.

Or even if you did stop, it's very likely your losses so far would have exceeded the winnings.

Not necessarily so. Volatility is usually not so strong and noticeable in short periods of time.

So with certain games even good luck counts less than in other games.

Mathematical calculation, statistics and probability theory are important.

After all slots have an RTP of ~96 or 97% whereas there are gamez with a house edge of 1% or lower.

I saw a figure of ~95%, but these are "official" figures from the Internet, and only the casino organizers know how things really are on slot machines.

[ethereumhunter]

A gambler who hit a large multiplier indeed win a lot of money and that will be their big winning while other people could lose much money from the same games. When you playing gambling, you don't have to thinks about high or low volatility because your reason for playing gambling will not be volatility of the games but you playing gambling because you want to have fun. You will remember that playing slot game with an RTP of ~96% or 97% or lower volatility can not guarantee you to win because slot will depends on your luck to win and hit a large multiplier.

If you understand about that, you will not too serious to pick the slot game instead just check the slot game lists and pick any of slot game or playing your favorite slot game. That will not makes you confuse on how to wins the game because you know that the chance to win in slot game will not be big.

[Solosanz]

If you're not a high roller, volatility in slot games aren't that important, many people didn't gamble too much, so house edge didn't matter for small roller. We can realize the huge difference between high house edge and low house edge if we wager at least 100K or 1 Million times.

Rather than focusing on house edge, it's better to check how many times someone hit jackpot on the games you want to play.

[swogerino]

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.

You are completely correct.That is a trap and as you say I have witnessed that first person myself.I used to win a couple of times huge multipliers one x9983 in Fish Eye slot from Pragmatic Play and once x11339 from Return of the Green Knight slot from Play n Go provider and someone may say seeing such stats wow this guy is really lucky.The reality is a complete different one and that is I am one of the most unlucky persons regarding playing slots and I blame the slot providers for that as they have changed the RTP dramatically lately.I have kept losing since winning those big multipliers which strangely coincide with the time most slot providers made maintenance to their slots which for me translated in the worse luck ever.Before such dramatic luck in Pragmatic slots for example when you used to buy the bonus you never got 0x multiplier from any slot,now this is a common occurrence and not just one time,many times you get 0x multiplier when buying the bonus from their slots,so yeah the high volatility was a good trap some many months ago,now it is just an urban legend as I don't see max win hit often now compared to many months before where they were caught once every 2 weeks in big casinos,now this is not the case anymore.

[alani123]

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.

It's hard these days to find slots with low volatility that will have frequent hits.
The common "hit" on a slot these days is 0.2x, 0.3x etc. I guess online slots have improved return to player stats than most land based casino slots but the harsh reality is that in online casinos it has become exceedingly rare to find slots with low volatility.

Like what if I am not after hitting 4000x? I'd be ok with just a max of 200x and more rewards spread throughout. But I haven't found it anyway to be honest and most casinos seem to promote very high volatility slots anyway. So it has kind of become a rarity. Probably there's good reasons for that. I'm sure casinos will keep promoting what makes them more money the most. It comes down to the individual then to learn and understand things in gambling better as you say.

[Coin_trader]

It's hard these days to find slots with low volatility that will have frequent hits.
The common "hit" on a slot these days is 0.2x, 0.3x etc. I guess online slots have improved return to player stats than most land based casino slots but the harsh reality is that in online casinos it has become exceedingly rare to find slots with low volatility.

Try Bgaming and Play’n Go provider slot games. I always preferred these providers whenever I have tight bankroll or on free spin if I have a choice since every spin has potential return and less dead spin.

Some providers focus on high volatility slot games like hacksaw, push gaming and so on so you shouldn’t browse per slot game but rather per provider to easily find slot games that suitable to your preferred volatility.

[alani123]

It's hard these days to find slots with low volatility that will have frequent hits.
The common "hit" on a slot these days is 0.2x, 0.3x etc. I guess online slots have improved return to player stats than most land based casino slots but the harsh reality is that in online casinos it has become exceedingly rare to find slots with low volatility.

Try Bgaming and Play’n Go provider slot games. I always preferred these providers whenever I have tight bankroll or on free spin if I have a choice since every spin has potential return and less dead spin.

Some providers focus on high volatility slot games like hacksaw, push gaming and so on so you shouldn’t browse per slot game but rather per provider to easily find slot games that suitable to your preferred volatility.

Do you have any specific games from these providers to recommend for low volatility?

To be perfectly honest I'm still having a hard time finding decently low volatility even with these providers. I know Play'n Go has better bonuses which may make the experience more smooth for those after higher RTP and lower volatility but still the max hits seem too high on many games. Could it be that I haven't spotted the right ones yet? Possibly. There's so many I haven't had the chance to review them all.

[Dr.Bitcoin_Strange]

Well, personally, I think it depends on the level of risk the gambler is willing to accept because if there's high volatility, it presents a high chance of losses, but if the gambler is lucky, they can win a big profit too. But the question is, how much are they willing to lose before winning? If you can bear the risk, then you can go for a highly volatile slot game; if not, there are still games with low volatility. High volatile game can not make me get trapped because I will always realize that it's difficult to win.

[betswift]

If you're not a high roller, volatility in slot games aren't that important, many people didn't gamble too much, so house edge didn't matter for small roller. We can realize the huge difference between high house edge and low house edge if we wager at least 100K or 1 Million times.

Rather than focusing on house edge, it's better to check how many times someone hit jackpot on the games you want to play.

Great take on it. For most of us, it wouldn't hit so much to bother with it

[darkangel11]

When you explained what you meant by high volatility, OP, I immediately thought of lotteries because when buying a ticket you're actually betting on the highest volatility that you can think of. It's so big that most people don't even realize what their real chance of success is. IMO you're completely right about these games being a trap and you can even see experiments that people conducted on youtube where they'd buy 100 or more tickets and see how many of them get lucky and if they can make some money back. They always lose.

[Hispo]

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.

And still those high volatile games like slots are usually among the most played and most popular kind of games within crypto currency casinos. But are we even aware of the source of their popularity among gamblers? It is because when some lucky gambler happens to hit the jackpot on those highly volatile games the win is usually do big, it makes news within the world of Bitcoin gambling communities like this one, so casinos take advantage of the fortunate gambler to organize a very wide and colorful advertisement campaign, so new blood will enter their casino and recover the money the lucky gambler ended up winning in the first place.
The higher the volatility the win comes with, the most likely casinos and gambling sites are to promote them all around internet for the sake of money.

One does not need to demonize high volatilitynwithin the world of Bitcoin/cryptocurrency gambling by the way, one just needs to be aware of the risks of it.

[tread93]

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.

It definitely sounds like a numbers game to me, the irony is that you can only win if you keep playing. This isn’t a one and done type bet if you’d expect to win. So my question is what is the cost of winning? How much money would you need to put up statistically to win that 4000x bet and is it worth it or is this just a losing bet through and through?

[betswift]

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.

It definitely sounds like a numbers game to me, the irony is that you can only win if you keep playing. This isn’t a one and done type bet if you’d expect to win. So my question is what is the cost of winning? How much money would you need to put up statistically to win that 4000x bet and is it worth it or is this just a losing bet through and through?

It's an interesting question, though, it's everybody's choice to believe that this bet of 4000x or more will come to fruition or not. It may never come, but then again, you would feel pretty bad if your budget that you intended for it wasn't spent as you intended

[Casdinyard]

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.

Which is why I don't play slots anymore. The fact that you don't even get a kick with regular slots and you'd need to play high stakes just to feel something, and even then you're literally punished by receiving less chances of payouts and rewards just made it unsuitable for me. Even more, it's fucking stupid to me that these machines are made to eat up at your money that you're supposed to use for better games in the casino, so when you do want to play those games you'd have to cash in once again. Literal money drainers.

I'd highly suggest you choose dice instead or maybe even roulette, stop wasting money on games like these that are literally created to drain your pockets (which make no mistake, is what most games in the casino are really) with little to no fighting chance on your end.

[Odusko]

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 higher the risk, the higher the rewards, those high volatile games are those that give jackpot winning, compare to the less risky and unvolitile games, just as same with trading when you use high leverage let say 10x you probably either make an insane gain's or you lose easily, so there is no difference between the leverage chain mechanism and the high volitile games, between we need to choose gains that will not increase the level of our greed because of high expectations, we need to choose games that gives us high chances of winning against possible lose as well, this is what most gamblers don't pay attention or even give a thought about instead of focusing off the potential winning.

[yahoo62278]

When I hear the words high volatility I usually start to think of Hacksaw slots. All of them seem to be high volatility and you lose your ass on buying bonuses or even spinning most times, but there is that 1 in a 300 buy that hits 1000-10000x. Too bad we cannot predict when it is going to come.

[mv1986]

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.

The multipliers make sure that there are a lot more losers than winners. If you know there is an RTP rate of 95% and let's say that 100 players play for $10 each, then $950 will go back to the players (this is of course an average, I know...). Now if someone gets lucky and has a multiplier of 50x, it means on average that the number of potential winners goes down dramatically the higher the multiplier was for an individual player. It is a losing game unless you are the lucky one with the multiplier stealing from everybody else so to say.

The casino doesn't care as the RTP along with reasonable management of their finances will guarantee them a long term gain. You as a player are going to lose as part of a collective as soon as you accept an RTP lower than 100%, which obviously is always the case.

But that is the whole idea: offer games with small stakes and then make some guys happy due to the multiplier. But it means that if someone hits big and the target RTP rate is kept, more losers will be left behind. It is obviously the volatility that makes most of the games so interesting and affordable for the masses.

[betswift]

When I hear the words high volatility I usually start to think of Hacksaw slots. All of them seem to be high volatility and you lose your ass on buying bonuses or even spinning most times, but there is that 1 in a 300 buy that hits 1000-10000x. Too bad we cannot predict when it is going to come.

It's the "beauty" of it, so to speak, but I agree

[Yatsan]

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.

So in my understanding the high volatility slots are those offering big payout opportunities but, at the same time, come with a high level of risk. For me this low-high win-rate game turns out to be one that will, in fact, pay off rarely, every good time. Many players experience long periods of irreversible decline even for me, and even with the big wins, past defeats often overshadow the gains. These weaker pitches might make it harder for players to finally profit, unlike lower-level or high-RTP games, due to frequent stagnation losses because of this.

[virasog]

So in my understanding the high volatility slots are those offering big payout opportunities but, at the same time, come with a high level of risk. For me this low-high win-rate game turns out to be one that will, in fact, pay off rarely, every good time. Many players experience long periods of irreversible decline even for me, and even with the big wins, past defeats often overshadow the gains. These weaker pitches might make it harder for players to finally profit, unlike lower-level or high-RTP games, due to frequent stagnation losses because of this.

These high-voltage bets are very risky because they are harder to win. The winning ratio in these bets are very infrequent and therefore one should try them very rare.
I was thinking as why people still want to try their luck in these games and there is one reason that is to win big, When the risk is high because you might experience long periods of losses or small wins. However, when you do hit a win, it can be substantial and that may help making up for those dry spells.