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Slot machines with low volatility offer frequent but smaller wins, while those with high volatility offer larger payouts but less frequent wins. Volatility is the term used to describe the degree of risk involved in a given game. Slot machines can be selected based on your preferred style of play and risk tolerance. How to Pick the Best Slot Machine for Your Playing Style. Low volatility slots, for example, might be more appropriate for you if you like to play cautiously and seek out consistent wins.