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The term variance describes the degree of risk involved in a specific slot game and shows how frequently and how much a player can anticipate winning over time. Players can use this information to help them decide which games to play and how best to manage their bankrolls. Low-Variance Slots: Consistent Wins & Extended Playtime. Because they typically pay out smaller sums more frequently, low-variance slots are perfect for players who want consistent wins & extended play sessions without noticeable swings in their bankrolls.