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Online casinos, such as Everygame Casino Red, talk about variance or volatility and, depending on the site, these terms seem to be the same. In terms of slots, they are, as we will explain. But variance has several other meanings that are not really related to volatility, as we will also explain.
What is Volatility in Slots?
We believe that the term volatility is better than variance here since it does relate to how volatile some slots are compared to others. Gamers generally love playing all kinds of slots. Volatility is a term that all slots lover sand casual slots players should know about.
Volatility refers to how winnings and winning spins are distributed. A slot with high volatility has fewer winning spins than one with low volatility, and each winning spin tends to pay out relatively more.
Two slots might have the same return to player rate, but the slot with high volatility has fewer winning spins. That means a lot to gamers who are playing with a modest bankroll and want to get the most fun and entertainment value from playing slots.
Since we also recommend that gamers play all of the 300+ games we offer, it means that we recommend that gamers play slots with high, medium, and low volatility. You should adjust your slots play to take your bankroll into account.
Do All of the Games at Everygame Casino Classic Have Volatility?
The main theme in this article is that while slots do have volatility, our other games do not. Here is where the term variance comes in. Before we get into the discussion on variance as it applies to online casino gaming, we should continue the discussion about volatility in slots.
At both online casinos, such as Everygame Casino Red, and land-based casinos, the slots are all digital. This is, of course, the natural progression from when slots were all mechanical devices and gamers pulled the arm to get the reels spinning.
Now, all slots are digital. In digital games, the outcomes are all determined by the random number generator. This is software that runs all the time and “stops” a specific number of seconds after you press on 'spin' or 'deal'.
What many gamers do not realize is that the random number generator can be calibrated by the game provider in the factory to achieve whichever return to player rate the casino wants.
All of the slots at Everygame Casino Red have a return to player rate of 96-97% while the slots at most land-based casinos have a return to player rate of about 90% or less.
So, the term volatility in slots refers both to the way winnings are distributed in the slots and also to how the random number generator is calibrated to return a given amount to all gamers taken as a whole.
Variance Can Occur Where There is No Volatility
We all experience variance in real life when we go shopping, drive, go to a baseball game, or do anything where there are parameters that can vary. The game could be rained out, or your team could lose. On the other hand, your team might score a lot of runs.
When we go shopping, we never know exactly what the price of fruits and vegetables will be. We don’t know if the store will be out of a product we want. When we drive, we might be surprised that there is relatively little traffic or that the road is clogged with cars.
How Does Variance Affect Casino Gaming
Actually, variance is the same whether you play at an online casino such as Everygame Casino Red or at a land-based casino. In this context, variance simply means that luck ebbs and flows.
As a top online casino, Everygame Casino Red can state correctly that given the reality of variance in luck at any stage of a game, it is a lot better to play casino games online at Casino Red or at any other good online casino than at a land-based casino.
We have covered this ground before, but in the context of variance, the reality of the superiority of online casino gaming over land-based casino gaming is manifest.
Variance is Another Term for the Vicissitudes of Luck
Variance means that you will lose some hands or spins simply because of luck. Even in the games of skill, mainly blackjack and video poker, you will lose some hands you “should” have won.
That is the nature of variance in casino gaming. Always keep in mind that variance runs in the opposite direction as well. That means that you will have big-time winning streaks. You will hit a card that gives you a high payout. You will win a very big random jackpot in slots.
Luck is simply luck. That’s what makes it so variable.
How Does Variance Make Online Casino Gaming Better?
Once again, variance is another term for the ebb and flow of luck. Now, as casinos go, online casinos have so many advantages over land-based casinos that, combined with natural variance, make online casino gaming the location of choice for casino gaming.
Variance is money. So, anything that impacts money at a casino aside from variance has to be considered when we decide on where to play casino games.
- There are no travel costs when you play online. There are high travel costs when you play at a land-based casino.
- Online casinos offer huge deposit bonuses. The Welcome Package at Everygame Casino Red is worth up to $5555. No land-based casino can offer bonuses because of the wagering requirement.
- On the other hand, land-based casinos offer free alcohol, which in the end costs gamers money as they play somewhat under the influence, which leads to mistakes.
- Land-based casinos offer free meals at the buffet, which in the long run costs money. A buffet is an invitation for players to overeat, go back to the casino, get tired from the efforts of digestion, all of which leads to mistakes.
- Land-based casinos in the United States offer only American Roulette, which costs gamers money. Everygame Casino Red offers European Roulette with a house edge that is half the house edge in American roulette.
- Everygame Casino pays in full in blackjack and video poker. We pay 3-2 for a blackjack while a lot of land-based casinos pay only 6-5. This takes a dollar away from a player for every blackjack.
- We pay 9-6 for a full house and a flush in video poker, while a lot of land-based casinos pay only 8-5 or 7-5.
- As we said above, the return to player rate in slots at many land-based casinos is only 90% or less, far lower than the rate at Casino Red.
To conclude, volatility is primarily a slots term that describes how winnings are divided while variance is a more general term meaning luck and its variations.
Everygame Casino Red is a Lucky Choice for Many Gamers
We offer a very wide range of games. We also offer many excellent promotions that are worth money. We encourage short, frequent gaming sessions. We have published numerous articles explaining the virtues of sound monetary budgets.
All in all, Everygame Casino Red is a great place to play casino games.