Every gambler has that one game he enjoys the most, and some games have become favorites to certain nations. For example, pokies are the number one played game in Australia and New Zealand, according to newzealandcasinos. Those who like to play it know how volatility is important to understand. So, for all those who are just starting out with their gambling activity, and do not understand volatility, here’s a complete guide that explains it.
Many have surely wondered why some pokies games give more small winnings and others only one big one after a lot of spins with no winnings? The reason is that every slot game has a volatility factor. This factor says all about how often you can expect to win and what value it could be. Therefore, it shows us how risky a particular game is.
Beginners who prefer to have fun and relax, and invest smaller amounts, usually choose games with low volatility. They can expect a lot of gains. But on average all these gains will be smaller and there will be no big difference between the amount of maximum and minimum gain.
Medium-experienced players who are not willing to take too much risk choose games with medium volatility. This means that the game will give them small and medium-sized wins with a chance of a few big wins. The most experienced players and those with deeper pockets are more willing to take big risks. Accordingly, they choose games with the high volatility that can bring them millions of jackpots, but it takes more time to get them. Therefore, they play more often.
It all comes down to luck
Playing these games in an online casino based on RNG, and expecting to win, ultimately depends on a good relationship with Miss Happiness. The only thing players can influence is how much risk they are willing to take to win bigger or smaller amounts.
Online casinos help them make a profit by usually giving them a 50 or 100 percent extra bonus on games, and sometimes a refund of part of the loss of money in case of bad luck.
Surely a lot of people had that thought about how everything evolving around online gambling surely sounds too good to be true, and that it must be a fraud. But in reality, this is not the case. Just as it is with real-time ones, online casinos offer you the same chance of success. It is your choice of game that determines the possibility of winning. Pokies are just one of those with high volatility because they do not require any skill from the gambler.
Whether you play online or in a real casino, the chances of you hitting a jackpot are more or less the same. Or, in other words, they depend on the same thing – the luck factor. However, one thing about online casinos you definitely should pay attention to, is whether or not it is a safe platform for gambling. Just in case you win big, you want to make sure your money is yours.