The majority of gamblers will be aware that any casino\u2019s primary goal is to make money, with both online and offline casinos generate millions of pounds in profit every month. Whilst some of this profit can be attributed to a player\u2019s lack of strategy or experience, a large amount of this revenue comes from the house-edge, otherwise known as \u2018variance\u2019.<\/p>\n
Before we get into the specifics of what variance actually is, it\u2019s important to note that if you use what you\u2019re about to learn in deciding which games are best to play, you can position yourself to be in with the best chances of winning. Whilst it\u2019s completely possible to get lucky and achieve long winning streaks at casinos, this isn\u2019t something you can safely rely on to make you the most money on a long-term basis.<\/p>\n
Variance in casino games is best explained as an indicator of your expected outcome \u2013 i.e. the percentage of a wager the casino is likely to keep in the long-run.\u00a0Generally speaking, the higher the variance, the lower your chances are of winning. But, if you do win, you\u2019ll win a much higher amount than you\u2019d typically win in a lower-variance alternative. The lottery is a prime example of a high-variance game, as players select a selection of numbers in the hope they\u2019re drawn. Multi-million-pound jackpots are often featured in lottery draws because the chance of a player selecting the exact combination of numbers that\u2019s drawn \u2013 therefore making them a winner \u2013 is so low.<\/p>\n
The lower the variance a game has, the higher your chances are of winning. For example, imagine a classic 50\/50 game of picking either red or black from a deck of playing cards. Over time, you can expect to win half the time and essentially break-even; this would mean that neither you nor the casino would win or lose a large amount of money. Sure, you could experience a lucky streak and accumulate a large number of winnings in one go, but the law of averages dictates that neither you nor the casino would hugely profit in the long-run.<\/p>\n
And that\u2019s exactly why casino games have variance. If all games were like this, not only would the casino not profit, but the players would have very little opportunity to win large amounts of money. This would eliminate all excitement and incentive for players to gamble on casino games, meaning the entire casino system would likely fall apart.<\/p>\n
Due to the sheer volume of different casino games out there, both online and offline, it\u2019s safe to say that there\u2019s a huge array of variance players can expect to find.\u00a0Generally speaking, the casino games with the highest variance (and are usually the most popular) are the slots, which we\u2019ll get into a bit further on. Classic table games all tend to have relatively low variance, but there are still some opportunities for big wins\u2019 dependent on which game a player chooses and how they play the game itself.\u00a0Here\u2019s some of the most common table games found at the majority of casinos, with their variance explained.<\/p>\n
Roulette has varying degrees of variance dependent on how you choose to bet.<\/p>\n
Pai Gow Power holds the lowest variance of any table game.<\/p>\n
Across all casino games, slots have the highest variance and are generally the most popular among players. Whilst high variance often results in a lower chance of wins, if a player does win, it\u2019s usually a large amount of money that significantly contributes to their excitement value and popularity.\u00a0However, in a similar sense to table games, variance within slots will vary dependent on the specific characteristics of the slot. Every casino slot is different, and variance represents that. When investigating slot variance, there are a few tell-tale signs to look out for that act as variance indicators.<\/p>\n
Hint: Play the demo version!<\/em> Most slots offer a free-play, or \u201cdemo\u201d mode, and doing this allows you to not only take into account the characteristics of the slot, but also to work out whether its variance is really for you or not! Playing for free, without staking your own money is a great way to do this, and almost all sites now offer demo versions of most of their games.<\/p>\n A lot of players enjoy the thrills of potentially winning big, hence why high variance slots with huge jackpots are often very popular. Patience is key with high variance slots, and you\u2019ll likely want to take a large bankroll to the table, as well! Below are a few of the most commonly recognized high variance slots around.<\/p>\n Still offering relatively big winning opportunities without as much pressure on having a consistent bankroll, there are many medium variance slots out there that provide players with a slightly less risky option.<\/p>\n Likely to appeal to players who don\u2019t like taking big risks when gambling and are content with modest jackpots, low variance slots still remain to be a popular choice. As a player\u2019s account balance is much less likely to swiftly drain away as seen in a high variance slot, low variance options generally offer a long slot session. The caveat with this, however, is that while your Casino balance will generally last a decent amount of time, big wins are scarce, so lower-variance slots are more for the \u201ctimid\u201d gamer who likes to enjoy a session, as opposed to aiming for big wins.<\/p>\n That’s just a brief roundup of some of the most common questions players have about variance, as well as a brief introduction to some of the games which feature low, medium, and high variance payout structures. Remember, while variance may seem like a pain in the backside, if all casino games were of low variance, playing at either online or offline casinos would become very boring. Ultimately, it\u2019s your choice on the types of bet you want to place, but in general, the following rule applies:<\/p>\n If you want big wins, but are prepared to wait a long time and often bust out multiple times before hitting one \u2013 choose a high variance game. And, if you want a prolonged gaming experienced, and aren\u2019t so bothered about big wins, but just want to enjoy your time spent gaming, choose a low variance slot.<\/p>\n","protected":false},"excerpt":{"rendered":" The majority of gamblers will be aware that any casino\u2019s primary goal is to make money, with both online and offline casinos generate millions of pounds in profit every month. Whilst some of this profit can be attributed to a player\u2019s lack of strategy or experience, a large amount of this revenue comes from the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":291,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/www.casinosites.co\/wp-json\/wp\/v2\/pages\/195"}],"collection":[{"href":"https:\/\/www.casinosites.co\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.casinosites.co\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.casinosites.co\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casinosites.co\/wp-json\/wp\/v2\/comments?post=195"}],"version-history":[{"count":0,"href":"https:\/\/www.casinosites.co\/wp-json\/wp\/v2\/pages\/195\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.casinosites.co\/wp-json\/wp\/v2\/pages\/291"}],"wp:attachment":[{"href":"https:\/\/www.casinosites.co\/wp-json\/wp\/v2\/media?parent=195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}High Variance Slots<\/h3>\n
Dead or Alive<\/h4>\n
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Thunderstruck II<\/h4>\n
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300 Shields<\/h4>\n
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Medium Variance Slots<\/h3>\n
Victorious<\/h4>\n
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Starburst<\/h4>\n
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Low Variance Slots<\/h3>\n
The Mummy<\/h4>\n
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Sparta<\/h4>\n
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Tomb Raider<\/h4>\n
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The Difference Between High Variance & Low Variance Games<\/h2>\n