Slot machines have long been a casino favorite, with their lights, sounds, and promise of big wins. However, the world of slots has evolved beyond the traditional lever-pulling experience. Low variance slots, a recent addition to online gambling, offer frequent but smaller payouts compared to high variance slots. In this article, M88 explore what low variance slots are and how they differ from other games, covering their origins, gameplay, and winning strategies. So, grab a cup of coffee and get ready to delve into this captivating casino genre.
Understanding Variance in Slot Games
Before we delve into low variance slots, it is essential to understand the concept of variance in slot games. In simple terms, variance refers to the level of risk involved in a particular slot game. It determines the frequency and size of payouts that a player can expect while playing a specific slot game.
High variance slots, also known as “high-risk” slots, are games that offer infrequent but significant payouts. On the other hand, slots, or “low-risk” slots, offer more frequent but smaller payouts. The variance of a slot game is determined by its mathematical algorithm, which is also known as the Return to Player (RTP) rate.
The RTP rate is expressed as a percentage and indicates how much money a player can expect to win back over time. For instance, if a slot game has an RTP of 96%, it means that for every $100 wagered, a player can expect to win back $96 in winnings. The remaining $4 represents the house edge, which is the profit that the casino makes from the game.
The Rise of Low Variance Slots
Low variance slots are a relatively new addition to the world of online gambling. They first made an appearance in land-based casinos in the early 2000s, with a few games being introduced to test the waters. However, it was not until the rise of online casinos that slots gained widespread popularity.
One of the main reasons for the rise of slots is the growing demand for games with more frequent payouts. Traditional high variance slots were designed to appeal to players who were after the thrill of chasing a massive jackpot, even if it meant risking significant amounts of money. But as the industry evolved, so did the preferences of players.
With the introduction of online casinos, players now had access to a wider variety of games, including low variance slots. These games offered an alternative to high-risk slots, allowing players to enjoy the excitement of slot games without having to spend large sums of money. As a result, slots quickly became popular among both casual and experienced players.
Gameplay and Features of Low Variance Slots
Now that we have covered the basics let’s take a closer look at the gameplay and features of low variance slots. While these games may differ in theme and design, they all share certain characteristics that make them distinct from other types of slot games.
Lower Betting Limits
One of the most significant differences between slots and other types of slot games is the betting limits. Low variance slots typically have lower betting limits, allowing players to wager smaller amounts per spin. This is in contrast to high variance slots, which often have higher minimum bets, making them less accessible for players with a limited budget.
The lower betting limits of slots mean that players can enjoy more extended gameplay without having to risk large sums of money. This makes these games more appealing to players who are looking for a more casual gaming experience or those who are new to slot games.
More Frequent Payouts
As we mentioned earlier, one of the main characteristics of slots is that they offer more frequent payouts compared to high variance slots. This means that players are more likely to win small amounts of money more often while playing low variance slots.
These frequent payouts can add up over time, making it easier for players to maintain their bankroll while playing low variance slots. It also adds to the overall excitement of the game, as players are constantly receiving rewards, even if they are not as significant as those in high variance slots.
Fewer Special Features
In terms of special features, low variance slots are relatively simple compared to high variance slots. These games tend to have fewer bonus rounds, free spins, and other special features, which contributes to their lower risk level. As a result, players can focus on the primary gameplay and not have to worry about complex features and strategies.
However, this does not mean that slots lack any special features. Many games still offer features like wild symbols, scatter symbols, and multipliers, but they are usually straightforward and easy to understand.
Strategies for Playing Slots
While slot games are mostly based on luck, there are still some strategies that players can use to increase their chances of winning. These strategies are particularly useful when playing low variance slots, as they help players make the most of their gameplay while minimizing their risks.
Manage Your Bankroll
One of the most important strategies when playing slots is to manage your bankroll effectively. This involves setting a budget for each gaming session and sticking to it. For instance, if you have $100 to spend, you can divide it into smaller amounts and play with one portion at a time. This way, even if you run out of money in one session, you will still have some left over for another day.
It is also essential to set limits on the amount of money you are willing to wager per spin. Generally, it is recommended to bet around 1-2% of your total bankroll for each spin. This helps stretch out your gameplay while reducing your chances of losing all your money quickly.
Look for Games with High RTP Rates
As we mentioned earlier, the RTP rate plays a significant role in determining the variance of a slot game. It is always a good idea to choose low variance slots with higher RTP rates, as these games tend to offer better odds of winning. Typically, slots have an RTP of 95% or higher, but it is always worth checking the game’s RTP before you start playing.
Take Advantage of Free Spins and Bonuses
Most online casinos offer various bonuses and promotions to entice players to play their games. These bonuses often include free spins, which can be used to play low variance slots without having to spend any money. Taking advantage of these offers can increase your chances of winning without risking any of your own money.
However, it is important to read the terms and conditions of these bonuses carefully. Some casinos may require you to fulfill certain requirements before you can withdraw any winnings from free spins or other bonuses.
The Pros and Cons of Low Variance Slots
Like any other casino game, low variance slots have their pros and cons. Understanding these can help you decide if these games are the right choice for you.
Pros
- Low risk: As the name suggests, slots offer a lower level of risk compared to high variance slots. This makes them a popular choice among players who are looking for a more casual gaming experience.
- More frequent payouts: Low variance slots offer more frequent payouts, which means that players can win smaller amounts more often.
- Suitable for all budgets: The lower betting limits of slots make them suitable for players with any budget. This makes them more accessible to a wider audience.
- Simple gameplay: Low variance slots typically have simpler gameplay compared to high variance slots, making them easy to understand and play.
Cons
- Smaller payouts: Due to their lower risk level, slots offer smaller payouts compared to high variance slots. This means that players may not win as much money in one go, but it does increase their chances of maintaining their bankroll over time.
- Fewer special features: slots tend to have fewer bonus rounds and special features compared to high variance slots. While this may appeal to some players, others may find the gameplay less exciting.
- Potential for monotony: As low variance slots offer more frequent but smaller payouts, some players may find the gameplay monotonous. This is especially true for players who prefer the thrill of chasing big jackpots.
Top Low Variance Slots to Try Out
Now that you understand the ins and outs of low variance slots let’s take a look at some of the top games that you can try out for yourself.
Starburst by NetEnt
Starburst is a classic low variance slot game that has been a favorite among players since its release in 2012. This game features a space-themed design with vibrant colors and a simple yet engaging gameplay. With an RTP of 96.06%, Starburst offers frequent payouts and a chance to win up to 50,000 coins in one spin.
Book of Dead by Play’n GO
Book of Dead is another popular low variance slot game that features an Egyptian theme. This game has simple gameplay with wild and scatter symbols, as well as free spins and multipliers. With an RTP of 96.21%, Book of Dead offers the potential to win up to 5,000 times your bet in a single spin.
Gonzo’s Quest by NetEnt
Gonzo’s Quest is an adventure-themed low variance slot game that has been around since 2011. This game features unique gameplay with cascading reels and a chance to multiply your wins up to 15 times. Gonzo’s Quest also boasts an impressive RTP of 96%, making it a favorite among players.
Conclusion
Low variance slots offer a different kind of thrill compared to high variance slots, with more frequent but smaller payouts. These games are perfect for players who are looking for a casual gaming experience or those who prefer lower risk levels. With their lower betting limits, simpler gameplay, and more frequent payouts, slots have quickly become a hit among players of all levels. So why not give them a try for yourself and see if they are the right fit for you!
