A low variance slot may be considered one that would keep you spinning longer. The payouts generally occur often but they are not big significant wins. They tend to be just enough to keep you afloat throughout your session or build your bankroll slowly. Players will not likely hit a major win; however you can prolong your session on a low variance slot game.
A high variance slot is very different. Your bankroll may run out before you can manage to pull off a decent win. With these types of slot games, the payouts are less frequent but the payouts can be quite generous. You need plenty of cash to sustain wagering on a high variance slot.
With both types of slots explained, you can see how it may be a matter of strategy. It's interesting that there is strategy in choosing a slot game which generally is thought to require zero strategy to play. The choice may even depend on your mood. Sometimes we like to make a small deposit and cross our fingers that it will last a while. A low variance slot may be just what you need. You can bet smaller and spend an evening not getting very far. On the other hand, you may hope to hit it big and come armed with a decent bankroll. A high variance slot may be the way to go.
Slots happen to fall into these categories but nothing is guaranteed. You know the bingo slots where the bonus game is triggered frequently and pays next to nothing. You often feel like you lost 30 seconds that you'll never get back. That's an example of a low variance slot game and a specific example would be Parlay's Get Cracking. Both bonuses in that game pay few credits.
Our goal is to enjoy doing what we love to do and win cash while we're doing it. Variance schmariance!
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