Variance
Statistical measure of how far results spread from the expected value. High variance = wild swings. In gambling, often used interchangeably with volatility.
What it means
Statistical measure of how far results spread from the expected value. High variance = wild swings. In gambling, often used interchangeably with volatility.
This term is part of standard casino vocabulary. Understanding it helps you read game info pages, bonus terms, and provider documentation correctly.
Ready to play on Stake.com?
Sign up with the partner code below to support StakeBonusHub. The code is automatically applied through our links.
Play on Stake.com
Code: STAKEBONUSHUB
18+ · Affiliate disclosure: we earn commission on referrals. Gambling can be addictive — play responsibly.
Related terms
RTP (Return to Player)
The theoretical percentage of total wagered money a game returns to players over millions of spins. A 96% RTP means the house edge is 4%.
Volatility / Variance
How risky a slot's payout pattern is. Low volatility = frequent small wins. High volatility = rare but big wins. Same RTP, different ride.
House Edge
The mathematical advantage the casino has over the player. Equal to (100% − RTP). House edge is per bet, not per session.
Max Win
The maximum theoretical payout of a single spin or game session, expressed as a multiplier of the bet. Reaching max win is rare — typically 1 in millions.