Slot Volatility Explained – Low vs High Variance Pokies in Australia

Slot machine with chips labeled low and high volatility and scattered gold coin

When choosing the best real money pokies online, one factor often misunderstood—but absolutely essential—is slot volatility. Also known as variance, volatility determines how often a pokie pays out and how big those payouts tend to be.

Understanding volatility helps you pick games that match your bankroll, risk tolerance, and playstyle. In this guide, we’ll break down what volatility means, how to identify it, and how to use it to your advantage.

What Is Slot Volatility?

Volatility describes the risk profile of a pokie game. It tells you:

• How frequently a game is likely to pay out

• How big or small those payouts may be

While RTP tells you the long-term expected return, volatility tells you about short-term experience.

Volatility Levels Explained

🔹 Low Volatility Pokies

Frequent wins, but smaller payouts

• Ideal for long sessions and bonus clearing

• Great for beginners or those on a tight budget

Examples:

Starburst

Fruit Shop

Aloha! Cluster Pays

🔸 Medium Volatility Pokies

• Balance between frequency and size of wins

• Suitable for most casual players

• Offers bonus excitement without draining your budget too fast

Examples:

Big Bass Bonanza

Wolf Gold

Elvis Frog in Vegas

🔴 High Volatility Pokies

Infrequent wins, but big potential payouts

• Best for players who chase jackpots or huge bonuses

• Can be frustrating during dry spells

Examples:

Book of Dead

Gates of Olympus

Wanted Dead or a Wild

Why Volatility Matters

Choosing the right volatility can:

• Help you manage your bankroll more effectively

• Avoid frustration or overspending

• Make bonuses easier or more exciting to clear

• Match your mood (relaxed grind vs adrenaline rush)

How to Tell a Pokie’s Volatility

Some pokies show volatility clearly in the game’s info screen. Others require you to test or research.

Ways to check:

• Look in the game’s help or paytable section

• Read trusted reviews (like on ROOWINS.com)

• Play in demo mode to observe win frequency

• Look at the max win (high volatility games often offer 5,000x+ wins)

Matching Volatility to Bonus Hunting

Low-volatility pokies are great for:

• Clearing wagering requirements

• Fulfilling playthrough limits

• Making the most of small bonuses

High-volatility pokies are best for:

• Turning a bonus into a big win

Feature buys or high multiplier games

• Going all-in with a larger bankroll

Top Pokies by Volatility Type

VolatilityGameRTP
LowStarburst96.09%
LowFruit Shop96.71%
LowTwin Spin96.55%
MediumBig Bass Bonanza96.71%
MediumWolf Gold96.01%
MediumElvis Frog in Vegas96.00%
HighGates of Olympus96.50%
HighBook of Dead96.21%
HighMoney Train 296.40%

Final Thoughts

Volatility isn’t just a number—it shapes the entire pokie experience. Whether you’re chasing consistent play or massive payouts, understanding volatility gives you an edge.

Before spinning, take a moment to think about what kind of session you want. Then choose a pokie with the volatility that matches.

Looking for the best games by volatility? Check out our full list of recommended pokies for Aussie players.