Identifying Volatile Games
There is no obvious method of determining volatility in the casino games. However, by utilising a combination of a few of the characteristics attached to it, and combining them with a Mathematical Approach, yields a precise degree of predictability, which underlines the game's probability as a margin of error in Statistics called Standard Deviation. Every machine is mathematically considered to have a margin of error that prevents it from achieving an optimum efficiency of 100%. In brick and mortar casinos, it is somewhat arguable that this explanation is in the right context because of the physical nature of the machines. In this digital age, it's puzzling, to comprehend volatility, because the machines are programs.
The game is a software written using an algorithm that commands random outcomes in the event it is played, thereby eliminating bias. The Return to Player ratio (RTP) represents the probability of winning. However, to achieve this figure, tests have to be carried out where the gameplay is an absolute number of times and the results recorded. These values are utilised in the formula when calculating Standard Deviation, which means that if the answer is a small value, so is the house edge percentage, culminating in a low volatile game, and vice versa is true.