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What is variance in online casinos?

Posted on September 26, 2020

Mathematical quantities are often associated with gambling. Their knowledge and understanding helps to build a successful strategy over a long period of time. Variance is a mathematical term that is often used in poker calculations. The quantity itself is the deviation of random values from their mathematical expectation. In online poker, just like in its traditional version, this value has long played an important role. Also, the concept of variance is used to assess the volatility of slot machines. Calculating this value allows you to estimate the probability of winning the slot. Knowing the variability of slot machines, you can easily increase your winnings and at the same time reduce the risks. The variance is usually divided into:

low – allows you to win a little and often;

high – winnings are rare, but large;

average – average wins with an average frequency. Thus, choosing an automaton based on the variance value can control risks. To calculate the variance, you need to study the pay tables, which show their frequency and magnitude. It is important to understand that knowing the variance alone is not a guarantee of winning. However, in combination with other parameters, understanding variance works flawlessly.

The best slots to win

Some slots promise high winnings, but at the same time they are characterized by high risks. Others are the opposite. If you are not ready to take a lot of risks, but at the same time even a small win brings joy, then the best option would be where the variance is low. Large wins, respectively, are associated with large risks, slots with such parameters are characterized by high variance. Choosing suitable slots, you must also take into account the return of the machines. Knowing both indicators, it will be much easier for the player to develop a winning strategy. Although knowledge of any parameters in a casino does not give a 100% guarantee of winning, there is always an opportunity to improve the odds. For beginners, the ideal option would be to choose slots with low or medium variance, but at the same time with the highest possible return.

Cool slots with high returns

To get a high payoff, you should pay attention to such a parameter as the payoff of a slot machine. The indicator is designated RTP. This parameter is set by the manufacturer of the slot machine and shows how much money can be returned from the investment in the game. As a rule, the value of the indicator is reflected in percentage or shares. The return of slot machines in online casinos is always higher than in offline ones. There is a simple explanation for this: online casino maintenance is much cheaper than its land-based counterpart. Among the most popular slots with high returns are: 1. Fornication Sackers with RTP= 98% 2. Zombies with RTP= 97.2% 3. Jack Hamer, RTP= 97% 4. King of Chicago, RTP= 97.8% 5. Star Wars, RTP= 96.8%

How to choose the slot with the highest RTP

In order to choose the slot machine with the maximum impact, it is good to know how the RTP is calculated. The formula looks and is considered very simple – RTP= (winnings/bets) * 100%. The RTP number is specified by the game software developer. Upon obtaining a license, the compliance of this parameter is carefully checked. Therefore, by choosing slot machines with high recoil, the player really increases his chances of winning. Also, the size of the return to player is regulated by law. The indicator differs depending on the country in which the online casino is registered. High rates of return are beneficial not only for the players, but also for the casinos themselves. After all, the greater the probability of winning, the higher the loyalty of potential customers. The RTP indicator is a piece of software code that is laid down at the development stage and tested. Thus, when playing in licensed online casinos, each player can be sure that the casino cannot independently change the percentage of the slot return. However, it is important to understand that these rules are not enforced by unscrupulous virtual sites operating without a license.

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