Each casino game has its own risk profile – referred to as its variance or volatility level – which varies depending on elements such as the number of possible outcomes and in-play vs progressive jackpots. Games range from low to high variance with, on one end of the spectrum, small regular wins or one big jackpot, on the other.
Avoiding Unforeseen Casino Losses
Experienced players take risks for a reason – they consciously decide to take a chance on a less likely payout in order to stand in line for a bigger jackpot. If they are not comfortable with such a risky business, however, they settle for better odds on small, regular payouts.
This is the choice between lesser regular wins or one big jackpot – potentially – and the ideal place to start is with the former.
A good place to check whether a game presents small regular wins or one big jackpot is the pay table. If a slot promises a massive jackpot, it probably doesn’t pay out all that often and vice versa. Large coin denominations or ante bets may also be an indication of a high variance game. But these methods are not entirely fool-proof. The best way to find regular wins or one big jackpot is to read through a few online casino reviews, which tend to be more upfront about it than the casinos themselves.
A Short Wait for a Small Win
As mentioned, low-variance slots are the ideal choice for beginners as they involve considerably less risk. They are also preferable for players who are running low on cash or who prize entertainment value over payout size.
In general, players won’t have to play for long before they land their first payout and more should follow fairly often. But wins will almost always be quite small.
What more patient players like to do is accumulate these small wins over time by playing for longer. However, this is not necessarily as lucrative as it sounds because the amount of money they spend on wagers will also add up during this time.
Blackjack is a famously low-variance card game and some popular low-variance online casino slots include the Mummy, Sparta, Pink Panther, Foxin Wins, Starburst and Mermaid Millions. Traditional three-reel slots are also a good bet because they have fewer possible combinations.
But players still have the choice between regular wins or one big jackpot.
A Long Shot on a Life-Changing Jackpot
When choosing between regular wins or one big jackpot, players should bear in mind that, in the case of the latter, they may just walk away with nothing.
However, the biggest jackpots in casino history have been paid out by high-variance games. These tend to come from progressive jackpots, which grow every time a player on a network places a bet until someone strikes it lucky. The jackpot of one progressive slot in Las Vegas famously continued to grow for over two decades!
Some of the best-known progressive jackpots online include Mega Moolah, Treasure of Troy, Gonzo’s Quest and Thunderstruck.
However, players are not limited to either very small regular wins or one big jackpot…
Happy Medium-Variance Casino Play
There are a number of medium-variance slots available that pay out larger amounts slightly less regularly and games like Arabian Nights offer both a normal jackpot and a special progressive jackpot.
Also, progressive games such as red dog backgammon, which allows players to use their wins from one round as the ante wager for the next, enable wins to be built up more slowly and with less risk involved just as online bingo australia has to offer.