One of the most important factors in the selection of which type of slot to play is the understanding of slot variance and how it impacts how a particular game will perform. This is where mathematics comes into play as it ultimately determines the percentage a game will payout based on its designation.
In slots, there are three uniquely different variances: low, medium and high. If you have been in a land-based casino and sat at a bank of games that are identical and noticed how one seems to hit more frequently, there is a reason for it. Often land-based casinos will have identical machines in a row, but each will have a different variance.
This is intentional as it draws others to those that pay less, and ultimately the house wins. Therefore, as you read this section, you will be able to avoid those pitfalls and have a better understanding of how to determine the variance of a slot. This applies to not only land-based casinos but also those online.
Areas to Consider before selecting a slot to play:
Each variance is unique in the structure of its payouts. Failure to understand each slot and its limitations can be a bankroll killer as playing a low variance slot expecting that you will hit a big win is unlikely. The same applies if thinking a high variance will quickly produce a mind busting win.
All online slots are required under their respective licensing regulations to ensure that the results in free play equal those when playing for real money. Therefore, you can gauge the average payouts for each slot and determine if this is keeping with your strategy.
This is a rule many have heard, but most fail to adhere to. This is a critical aspect to enjoy slots and ensuring that you do not overextend yourself in the process. It is also why testing a slot holds importance as it allows you to ensure when playing for money, you do so with as much information as possible.
While the majority of casinos are legitimate and offer a genuine gaming experience, like all things, some are better than others. Consider selecting a nation sport casino that does not apply limitations on the amounts you can withdraw during any given time period. Furthermore, only play with those that are licensed by respected regulatory bodies.
Low variance slots are designed to pay a larger number of small wins while also awarding medium and large wins less frequently. This style of slot is geared more towards those with reduced gambling budgets or those who are casual players and content to sit back and focus more on the experience than chasing the big win. Generally, they will have a larger number of casino kings bonus features that assist in the creation of winning combinations, but also the entertainment value derived from playing them. As a rule, these will pay wins that average five to ten times the amount wagered per line.
To identify a low variance slot requires analysing the paytable and determining the payout for the various symbol combinations that can be achieved. This includes evaluating three, four and five symbol combinations, and if the coin amounts are low, even for its premium symbols, it most likely will have a low variance designation.
Slots that carry a medium variance designation are the most common and for good reason. The main reason is quite simple that they meet the average slot players’ expectations whereby they often are drawn to those games that provide both a mix of smaller, medium and large wins. It provides a higher entertainment value which ultimately extends the sessions they have when playing, either online or at a land-based casino.
Generally, medium variance slots will feature an increased number of paylines and therefore, the cost per spin in increased. The degree of bonus features incorporated into a medium variance slot is equal to those found in low variance but the main difference will be seen in the amount of its symbol payouts as they will be increased for those defined as premium, meaning those few that have the highest value for three, four and five symbol combinations.
High variance slots are not for the faint at heart, and unless you are willing to go the distance and focus on the larger wins, these are not ideally suitable for you. This is simply due to a high variance slot tends not to award a large number of smaller wins and instead focuses on larger wins. However, there is a cost in playing these as often they will not have a large number of features, and many only will feature a wild, scatter and free spins. However, when they do pay, the size of wins tends to be far greater than those of a low or medium variance slot. Therefore they tend to attract those with larger bankrolls who understand that patience can often pay dividends.
The critical thing to remember with slots is the variance does not impact the overall RTP (Return to Player), only the size and frequency of wins.
If a video slot, for example, is designated low variance with an average RTP of 96.4%, it will pay exactly as it should using a combination of payouts. The same applies to medium and high variance slots, so the focus needs to be towards understanding your preference, what you hope to gain from the experience and how much you are willing to risk to achieve it.
The countries with the most number of online casino players are Finland, Ireland, Singapore, India, Canada, USA, Italy, China/Macau, Australia, and Great Britain. In Great Britain, 65% of all adults are online gamblers while in Italy, around 800 thousand citizens have a serious gambling addiction.
No, it is not. In some countries, their citizens are completely allowed to access online casinos and play their favorite games. Other countries allow just several forms of online gambling. On the other hand, there are countries where participating in online gambling activities is completely illegal and could land violators in jail.
It’s completely legal to participate in online gambling activities in the following countries: Australia, Belgium, Canada, France, Germany, Gibraltar, Hungary, Ireland, Italy, Liechtenstein, Macau, Malta, New Zealand, Panama, Philippines, Poland, Russia, Scandinavia, Singapore, Spain, and Switzerland. On the other hand, a lot of Asian countries and Latin countries are currently in the process of legalizing online gambling.
The countries that are currently issuing gambling licenses are Malta (Malta Gaming Authority), Curacao (Curacao E-gaming License), United Kingdom (UK Gambling Commission), Alderney (Alderney Gambling Control Commission), Isle of Man (Isle of Man Gambling Supervision Commission), Belgium (Belgian Gaming Commission), Gibraltar (Gibraltar Gambling License), Italy (AAMS Gaming License), Estonia (Estonia Online Gambling License), Costa Rica (Costa Rica Online Gambling License), Denmark (The Danish Gambling Authority), and Kahnawake (Kahnawake Gaming Commission).
The first step is to research and learn about the license requirements, costs of application, processing time, and other important details. Then, the casino must choose which jurisdiction fits their needs. Finally, the casino must meet all the requirements of its chosen jurisdiction in order to be awarded a gambling license. Some of the usual requirements are certain software, a minimum bank account balance to cover operational costs, proof of identification, no criminal record, and a lot more.
It’s honestly extremely hard for the government to regulate online gambling and monitor each of its citizens’ online activity. Lawmakers were unprepared for the online gambling industry’s fast-rising popularity. However, a lot of countries are now able to catch up and created online gambling laws. Most gambling laws are rather focused on the gambling operators and not on the online casino players. It’s easier that way since it’s not easy to monitor every individual’s online activity.
It all depends on a country’s gambling laws. If a country follows a strict gambling law, then violators might get jail time. In other countries where online gambling is not heavily regulated, violators might just be charged with a hefty fine.
Playing in online casinos is completely illegal in the following countries: Brunei, Cambodia, Cyprus, Japan, Lebanon, North Korea, Poland, Qatar, Singapore, and United Arab Emirates. In these countries, there are serious consequences if one of their citizens gets caught participating in any form of online gambling.
Every online casino has certain country restrictions. However, the following online casinos are the most accessible for a lot of casino players around the world: Casimba Casino, Casumo Casino, Dream Vegas Casino, Dunder Casino, Genesis Casino, Guts Casino, LeoVegas Casino, Rizk Casino, and SlotsMillion Casino.
No one knows what the future holds for online gambling. But if we will look at the recent developments and changes when it comes to the legalization of online gambling, the future definitely looks bright for online casino players around the world.
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