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Low variance for an online slot means that it will pay out a larger proportion of winning spins. However, the chances of winning a jackpot can be slim.
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For instance, one casino might be known for its extensive selection of high-variance slots, while another might be popular among gamblers for its wide range of low-stakes reel games ...
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Understanding Volatility and Variance at the Best Payout Online Slots.
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A slot machine that pays out often, that has a low variance, will usually offer players many small prizes.
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American Dad, the slot game, has a low-variance and a 96.10% RTP, making it likely for players to score many consecutive prizes.
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It would, obviously, not make sense to introduce such a feature for low variance slots, with a pathetic maximum win potential of, say, 500x or 1000x.
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Low variance slots pay smaller winnings often. High variance slots are the opposite: you may not get any wins for a while, but when the win comes - it’s big.
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A low-volatility slot machine has regular but smaller wins, while a high-variance slot machine has fewer but bigger wins.
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While high variation slots can provide thrilling, high-stakes exhilaration, low variance slots cater to players seeking more homogenous gameplay and habitue payouts.