High Volatility Slots: High Risk Games with Big Wins


Below you'll find a list of high variance slots machines you can play at online casinos on mobile. Because sometimes you just want that high thrill, high risk, big win feeling.

High volatility slots are one of the most popular types of casino games, and it doesn’t take a genius to figure out why. Most of us play slots for fun, but part of the fun is knowing that one spin could get you the win of a lifetime – or at least enough to pop the champagne.

Take a look at our list of slots with high volatility and see if you can find the one that will become a new favourite. This isn’t about progressive jackpot, or any pooled prize, which tend to lower the amount of wins on the game.

These are machines that have big wins within the game, no help required, just the right line up of symbols in a row.

Whether you’re looking for a new more exciting way to play fruit machines, or just don’t want to waste your time on slots that don’t payout, this big wins slots list will help you find exactly what you’re looking for.

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List of High Volatility Slots All 1955 Reviews »


Best high volatility slots

If we had a dime for how many times people would ask us to recommend the best high payout slots, we wouldn’t need to play fruities anymore.

But just because a game has a big payout, doesn’t mean that it’s a good game. You might end up playing a game that promises more than it can deliver.

Sure the Snake slot promised wins of up to 14,000x your bet, but you have to jump through so many hoops you might as well just put your hands together and pray.

What we look for in high volatility slot machines is a good top win, not impossible odds, and fun mechanics you can play.

Best high variance slot for beginners

The Immortal Romance slot may have been around for a while, but it’s a classic for a reason. Better yet, it’s tipping around the medium to high variance scale meaning you can learn how to play big risk games.

Microgaming Immortal Romance Mobile Slot
Microgaming Immortal Romance Mobile Slot

The reason it’s a great beginner high volatile slot is because you have to get use to the idea that you need to play for the long haul. Because this 243 ways to win game is all about unlocking the story and the free spins.

The more you play, the more free spins bonuses you unlock, the bigger the wins, and the more intriguing the story. That’s right. There’s a story line and it’s curiously good.

Best runner up: If you’ve played Immortal Romance and it wasn’t for you, try the Esqueleto Explosivo 2 slot by Thunderkick. It’s got lots of multipliers and faster action, but still simple enough to get you into the swing of things.

Best high variance slot for mobile

The Rich Wilde and the Book of Dead slot has a lot to offer any discerning casino player. For one it has a top win of 5,000x your bet.

Book of Dead Mobile Slot Machine
Book of Dead Mobile Slot Machine

For two it has wonderful mechanics that makes it feel possible that you might actually get that win.

But the reason it’s on this list is because Play’n GO studios were one of the first to create mobile slot games for casino, and as such the attention to detail shows.

The graphics pop, the games rarely freeze, the interface is easy to use, and the games are wonderfully fun.

And if you don’t believe us, just play on the Book of Dead and wait to catch the free spin bonus. At that point you’ll see that any symbol can turn into a scatter and expand – so it will pay regardless of where it is on the reel, and it will pay on all paylines.

There’s many games like it, but none so well suited for mobile.

Best Runner Up: If you’ve played “Book of…” type games before, from Book of Ra Deluxe to Book of Oz, we’ve got you covered. Move on from Rich Wilde and meet Cat Wilde, his daughter, who in the Doom of Dead slot review gives you all the same fantastic elements, only this time with stacked wilds added for extra fun.

Best advanced high volatility slot

The Dead or Alive 2 slot game is on our list because it notoriously tops the list of the biggest paying games times and time again.

NetEnt Dead or Alive 2 Mobile Slot Machine
NetEnt Dead or Alive 2 Mobile Slot Machine

That’s because this sequel is all about grabbing as much loot from a moving train, and there’s three ways to get there.

You have 3 free spin rounds to pick from, each with their very own and unique character. You could play bonus games with sticky wilds with multipliers, progressively bigger multipliers on each spin, or sticky wilds with multipliers that multiply each other.

Is that a lot of multipliers for you? Probably. It’s a tough choice and whichever way you choose, you know you are going to have to take a big risk. It’s not an advanced slot for nothing, but if you have the balls to jump onboard it can be very rewarding.

Best Runner Up: This is a little bit of a cheat, but basically most Megaways slot machines. The mechanics at the core at the same – 6 reels where the rows of each reel changes giving you from 600 to 117649 ways to win, spin to spin.

Add some cascading wins and multipliers in the free spins, and these games are favourites with players for all the right reasons.

You might like: Tips for playing high variance slots.

What does high volatility mean in slots?

What is does it means when people talk about volatility slots?

Volatility or variance in slots online is a term used in order to define the amount of risk you take when playing on a slot VS the possible rewards within the machine.

In the simplest term: a low volatility slot is low paying with low risk to your budget – it probably doesn’t have a huge top win, but it pays more often in the short term. You probably won’t lose much, or at least, you won’t lose quickly.

A high volatility slot is high paying but it comes with big risk to your budget – it usually has a big top win, but it pays less in the short term, instead you might have to wait and go through a lot of spins before it suddenly pays big.

You may not see that win. Your budget may get eaten up quickly. You may end up with no wins, or all the wins, but nothing in between.

In short, think of it this way: say a slot machine has to pay out $100. On a low risk slot, it will pay out $100 over 100 spins to 20 different players – so everyone ends up with $5.

On a high risk or high variance slot, that same $100 will pay out once to one player over 100 spins. So out of the 20 players playing, one person will walk away $100 up, the others with nothing.

It’s not an exact metaphor for how RNGs and Slot maths work, but it gives you an idea of what is slot volatility.

How do you measure the volatility of a slot machine?

The slot machine volatility calculation is best left to mathematician and game providers. We are not going to try and explain using excel sheets and formulas. But you can still measure the variance of a slot game online using only the paytable.

To measure the volatility of a slot game when you open it can be simple enough:

just calculate how much you can win by adding the number of paylines, the highest paying symbols, and any bonus multiplier. Generally speaking, the bigger the rewards, the higher the slot variance.

That said, unless you are the game studio, not all game will have these simple maths to help you. But, with some experience and a little know-how you can start to quickly figure out the kind of slot you’re playing and whether it’s worth your while.

1. Read up on the Slot

The first clue that you are playing a high volatility slot is the maximum you can on a game. If you see in big bold letters “Win 5,000x / 10,000x your bet” you can hedge your guess that you are about to take some volatile spins on some high paying slots.

But not all games are as obvious. So before you start have a look at:

  1. What’s the difference between a 3 of a kind and 5 of a kind win on the symbols? How many paylines are you playing?
  2. Are there any multipliers or bonus games you can catch?
  3. Does it have a progressive jackpot?
  4. Can you free play the video slot?

Depending on the answers to any of these question, you might be able to figure out the volatility in slots.

Of course, you can simply cheat and just browse through out high slot volatility list above, pick a game and casino and start playing.

We like to review all the latest and best games, and we often get the information straight from the game provider, or we play ourselves for thousands of spins to figure out the volatility.

2. Read the paytable, the symbol wins and the paylines

So here’s the easiest way to figure out volatility: take a look at the high paying symbols on the paytable. What the difference between getting a 3 of a kind win and a 5 of a kind win.

If the 5 of a kind win is only 2x to 5x higher than the lowest paid, then you are looking at a low variance slot. The lower the amount you can win on a 3 of a kind win, the more this game can pay you little and often.

If you are looking at a bigger difference – so over 5x up to 10x more if you get a 5 of a kind win, now you are talking something somewhere between medium to high variance machine.

The problem with this calculation alone is that it only works if you are playing on slots few paylines – so 9 to 25 paylines at the most.

That’s because slots with more paylines, or a 243 ways to win game or a Megaways slot, will (by default) need to have low value paytable to make up for the sheer amount of wins you’ll get.

It’s a numbers game – the more ways to win, the more chances you have of catching a win, and so they provider has to lower the paytable to make up for that.

3. Bonus games, multipliers and special features

Video slots with bonus game are popular, and when determining if you are playing on high paying slot machines, it’s not about quantity, but quality.

A game like Lucky Wizard slot has 8 different bonus features you can catch, but all they do is bring you a little step closer to 500x your bet, by giving you lots of little wins often. You know the drill. This is a low variance machine.

But if you are playing a Megaways slot or a game with 1024 ways to win, what you are looking for is for feature that will help you make the most of a lower paying paytable. Features such as:

  • Free Spins with a special feature – multiplier, sticky wilds etc…
  • Multipliers, generally, are a good sign of bigger wins ahead. The bigger the multipliers the bigger the volatility, generally.
  • Stacked wilds, expanded wilds, wild reels or sticky wilds – anything that will help you created multiple wins over multiple paylines.
  • Stacked symbols, symbol upgrades, mega symbol – same principle as above.

Again, the more you can win using these special feature, the higher the variance of a slot. Unfortunately that also works the other way in that these features are usually hard to catch or even have multiple levels, such as in the Buffalo Hunter mobile slot.

4. Does it have a progressive jackpot?

Now we know this is odd, but just because a jackpot has a big progressive jackpot slot where you can win millions, does not make it that it’s volatile.

There are many high payout slots that are low variance, precisely because they want to keep you playing, topping up that jackpot. As a general rule of thumb, most big jackpot slots will be on the lower variance scale.

Now there’s exceptions of course – Blah Blah Blah slot and Blah Blah Blah game have both big in-game wins and big progressives.

But considering that when you play on a jackpot game, the point is to last long enough for the jackpot to trigger, you actually want that game to be on low volatility, which is what you find mostly. So if you see a jackpot you can generally expect lower variance.

5. Can you free play the high payout slot?

So you think you’ve found a high paying online slot and therefore you are off to high risk land. Fine. But you might still want to find an online casino with free play slots.

Why? Because at the end of the day, playing a game is the best way you’ll know if you are having fun. There’s no right or wrong way to play games – we’ve loved high variance and low variance slot machines.

Generally if you play a slot that has little to no wins over hundreds of spins, and then suddenly you hit a big feature and get a massive win – that’s high variance.

If you play on a slot and you’re getting lots of little wins, up to 10x or 20x your bet at a time, and hitting lots of features but not getting much more than that – that’s low variance.

Always check out the top amount you can win, and then set a goal. Starburst slot has a top win of 500x your bet – so if we get a win close to 100x our bet, we know it’s time to walk away and try somewhere else.

Do high limit slots pay better?

No. High limit slots just means that you have a high max bet that you can play – usually somewhere over 60 to 100 in cash per spin.

Just because a game has a high maximum bet does not mean it’s a high payout online slot. It just means that it’s accommodating to players of all budgets, from little to small.

This myths comes from the fact that when you play 100 a spin, a 100x your bet win just looks more impressive than if you’re playing 1 a spin.

In the first case you’ve just won 10,000 in cash, in the second case you’ve won 100 in cash. The maths and results are the same, it’s just your brain tricking you into thinking you’ve won a larger amount, but only because you are betting a larger amount.

Never bet more than you can afford to lose, and always gamble responsibly.

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