Variance refers to the way that a video slot pays out its winnings to the player. This tutorial explains how low, medium and high variance slots work and how you should utilise them to maximise the bonus expected value.

Low Variance Slots

Low variance slots pay out smaller amounts more frequently. They normally don’t have huge jackpots that are very difficult to win. They are likely to have smaller jackpots that you are likely to win more frequently. These are the best option if you want to reduce your chance of busting out of an offer or to complete your wagering requirements after hitting a big win a medium or high variance slot.

Medium Variance Slots

These slots are somewhere in the middle (as the name suggests). They have some larger payouts less frequently, and lower smaller wins. They can be a good middle ground when you are looking to try and get a big win before you switch to a lower variance slot to complete the wagering requirements

High Variance Slots

High variance slots will give you the opportunity to hit massive wins, with a number of small token wins to keep you playing. Playing these slots will give you the largest percentage chance of busting out of an offer, but a greater opportunity to win a big amount. It would not be uncommon to have 10 or more losing runs with this type of slot, but then hit a big win that more than makes up for those losses. If you have a very large betting bank, you might want to opt for this type of slot, whilst accepting that you will bust out many times before getting a win.

Summary

The higher the variance of a slot that you play, the longer your losing run or bust out rate may be, but the greater the opportunity there is for a for a big win. Often we will recommend a two tier betting strategy whereby you bet with a medium or high variance slot to begin with and when you hit a big win, switch to a low variance slot to wager out.

Your betting bank size also needs to take into account whether you go for low, medium or high variance slot. The lower your betting bank is, the lower variance slot you want to take. 

Provider
Offer
Star Rating
Predict 4 Winners, Win Up To £10,000
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It couldn't be simpler, just take a FREE spin every day via a mobile device for the chance to win a prize. Spin it just right and you could land our BIG WIN and a £100 Cash Prize! Looking forward to a huge weekend of sport with the Super Bowl and the Ladbrokes Masters? Then we’ve got just the thing for it… You’ve got a £/€1 Free Bet to use on ANY sport!*
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Bonus Explorer, Win Prizes
On any day that you take part in this promotion you will be presented with ‘The Bonus Explorer’ game, which will give you the chance to win or qualify for: free spins to use on one or more specific slot games; or a free bonus to use on one or more specific slot or table games.
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Opt in and get a free £5 bet every week, when you wager £50+ on any of our slot games, Monday – Sunday.
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Offer applies to cash deposits made between Jul 06th – Jul 12th. Max free bet £10 per customer. T&Cs apply.
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The Premier League is back: Want a £/€2 Free Bet* for every goal scored in Tottenham v Arsenal? Easy. Just opt in and wager £/€20 on slots.
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PICK a shirt. WIN a great reward if you’re lucky. REPEAT each day until the end of the promotion period for more chances to win.
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Wager $50, Get £5 Bonus (x12 Wagering)
Opt-in weekly in the ‘Promotions’ section of the client. Earn 2 loyalty points daily by playing the Game of the Week. Redeem the $/€/£5 bonus from the ‘Bonus’ section in your account.
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Stake £100 or more on any of our Live Casino games each week and receive a £10 casino bonus each Friday.
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Wager £25, Get 10 Free Spins (X0 Wagering)
The Qualifying period commences at 00:00 each Monday ends at 23:59 the following Sunday each week. In order to be eligible for this promotion and get the 10 free spins, customers must stake a minimum of £25 on the selected game each week. Free spins will be credited on Monday by midday and can only be used on the selected game. Free spins £0.20 per spin. All free spins are valid for 3 days upon activation.
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Wager £10, Get £5 Bonus (X1 Wagering)
Sign into your NetBet account Bet £10 single on Virtual Sports and get a £5 Free Bet to use on Virtual Sports! Free Bet to be credited once accepted via pop after bet settlement.
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Wager 3x£40, Get Rewards
Bet £40+ on selected Deal or No Deal slots, including Go All The Way, Perfect Play, Megaways Jackpot King, Rapid Round or What’s In Your Box for the chance to Pick a Balloon and win up to 100 Free Spins. Bet £40+ on Reel Keeper for up to £10 in cash. (Game not available on iOS) Bet £40+ on Premium European Roulette, Live Roulette and/or Quantum Roulette Instant Play and/or Quantum Roulette Live for a Bonus up to £10.
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Wager £35, Get £5 Free Virtual Bet
Opt in and head over to Betfred Virtual. Stake £35 cumulatively on any Scheduled Virtual Sports between Friday and Sunday. Win or lose, once you’ve staked over £35, you’ll receive your Free Bets before 15:00 on Monday 13th July.
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Wager £5, Get £1 Bonus (X1 Wagering)
The promotion starts 12:00 Friday and will finish at 23:59 Sunday. Once you stake £25 on Jackpot King slots you will be instantly awarded with a £5 bonus each day
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Sports ‘n' Spins
Get 10 Free Spins to use on Blue Wizard, Eternal Lady and/or Pharaoh's Daughter each day you bet £10+ on Sports and/or Virtual Sports!
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Wager £50, Get £5 Free Bet
To claim the offer, simply opt in and stake at least £50 cash across 10+ game rounds on any games at Betfred Live Casino to claim the £5 in Free Bets to use on any sports market. Free Bet will be credited before 15:30 UK time on Monday 13th July.
VIEW OFFER * terms apply
Wager £20, Get £2 Bonus (X1 Wagering)
Opt in every week and stake £20+ on the Big Banker slot between Monday and Sunday. Get a £2 bonus for the same game credited instantly.
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Wager £25, Get 10 Free Spins (X0 Wagering)
GAME OF THE WEEK Stake £25 on our selected slot of the week from Monday to Sunday and receive 10 free spins!
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