High Volatility Slots Online: Exploring Top Risk-Reward Games

In the world of Canadian online casinos, high volatility slots online is a term you'll often encounter. These are slot games where payouts aren't frequent, but when they come, they are huge!

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By Lars Wahlstrรถm - Updated 2024-03-07

Reading Time: 14 minutes

High Volatility Slots Online: The Essentials

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High volatility slots online are known for their higher potential risks and rewards, making them an exciting choice for online slot enthusiasts. These games often feature larger wins but less frequent payouts, which may lead to a thrilling gaming experience for those willing to take risks.

Some examples of high volatility slot machines include Money Train II by Relax Gaming and Dead or Alive II by NetEnt. Depending on the maximum bet, these games offer maximum wins of 50,000 times and 111,000 times.

When playing high volatility slot games, you must manage your bankroll wisely and take advantage of any available bonuses or promotions. No-deposit and deposit match bonuses can provide you with bonus cash to wager, decreasing your overall risk.

Finally, remember that while high volatility slots can offer substantial rewards, luck remains the central factor in any slot game. Embrace the excitement and unpredictability of high volatility slots online while staying responsible and enjoying your online gaming experience.

High Volatility Slots Online: Exploring Top Risk-Reward Games

High-volatility slots online have become increasingly popular among online casino enthusiasts as they offer the potential for significant payouts.

These games, also known as high variance slots, differ from their low volatility counterparts in that they pay out less frequently but offer more significant prize amounts when they do.

For players seeking thrilling gameplay and the opportunity to win big, high-volatility online slots are perfect.

Understanding slot volatility is crucial for players looking to maximize their chances of winning at online casinos. A slot game's volatility (or variance) measures how frequently and how large the average payout will likely be.

High volatility slots come with higher risks, but they also provide the excitement of substantial rewards. Top-rated high-volatility slots include Immortal Romance by Microgaming, Dead or Alive 2 by NetEnt, and Big Bass Bonanza by Pragmatic Play.

Players should know that playing high-volatility online slots requires patience and a larger bankroll to ride out the dry spells between big wins. However, for those who prefer a thrilling gaming experience with the potential for life-changing payouts, high volatility slots online are the way to go.

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Top 10 High Volatility Slots Online 2024

Canadian online casinos host thousands of games. So, if you are looking for the biggest wins, the low and medium variance ones are for someone else. It would be best if you aimed for the high variance titles. Because of that, here is our suggestion for Canada's top choices in 2024.

SlotProviderRTPMinimum Bet/Maximum Bet
Book of DeadPlay'n GO96.21%C$0.01/C$100
Joker TroupePush Gaming96.68%C$0.20/C$200
Marilyn MonroePlaytech96.47%C$0.20/C$40
Wanted Dead or WildHacksaw Gaming96.38%C$0.20/C$100
Dead or Alive 2NetEnt96.80%C$0.09/C$18
Medusa MegawaysSG Digital96.28%C$0.25/C$25
Pink Elephants 2Thunderkick96.13%C$0.10/C$100
Big Bass BonanzaPragmatic Play96.71%C$10/C$250
Break Da Bank AgainMicrogaming95.43%C$0.01/C$22.50
Coyote CashRealTime Gaming97.50%C$0.01/C$125

Understanding High Volatility Online Slots

High Volatility vs Low Volatility Games

High volatility slots online are characterized by a higher risk of playing and larger payouts. In contrast, low volatility slots offer smaller, more frequent wins. The critical difference between the two lies in the frequency and size of payouts:

  • High volatility slots: Big payouts, less frequent wins
  • Low variance slots: Smaller payouts, more frequent wins

Risk and Rewards

Playing high volatility slots online comes with both risks and rewards. The rewards can be significant, but the risks are equally high. Players should be aware of the following factors when playing these slots:

  • Bankroll management: High volatility slots require a larger bankroll to account for extended periods of no or small wins.
  • Patience: The wins may come infrequently, so slot players must be patient and understand that big payouts may take time.
  • Risk tolerance: High volatility slots online are more suitable for risk-takers, while low volatility slots are better for those who prefer a steadier gaming experience.

Slot Volatility and Variance

Slot volatility and variance are interchangeable terms that represent the frequency and size of payouts. Both high and low-volatility slots can have a similar Return to Player (RTP) percentage, which indicates how much a slot pays back to players over time.

For example, an RTP of 90% means the slot pays C$90 in winnings for every C$100 wagered.

The main difference between high and low volatility slots is the distribution of winnings. High volatility slots provide larger but less frequent payouts, and low volatility slots offer smaller, more consistent payouts.

Key Features of High Volatility Online Slots

Payouts and Hit Frequency

High volatility online slots are known for their infrequent but more significant payouts. While the hit frequency may be lower than low and medium volatility slots, the potential rewards are often much greater.

With some patience and luck, winning substantial sums of money is possible when playing high volatility slots online.

Some popular high-variance slot machines include:

  • Starburst (RTP: 96.26%)
  • Jungle Spirit (NetEnt)
  • Raging Rhino (Megaways)
  • Gonzo's Quest

Bonus Features and Free Spins

High volatility slots often come with additional bonus features to heighten the gaming experience and increase your chances of winning. One such feature is free spins, allowing players to spin the reels without spending money.

These casino bonus rounds are usually activated by landing specific symbols or combinations. They can lead to even more lucrative wins.

Examples of bonus games in high-volatility slots:

  • Starburst: Starburst Wilds and XXXtreme Spins
  • Jungle Spirit: Free Spins and Expanding Symbols
  • Gonzo's Quest: Avalanche Multipliers and Free Fall feature

Expanding Symbols and Wild Multipliers

Another common feature in high volatility slots online is expanding symbols and wild multipliers. These gameplay elements help to increase the potential for big payouts and add excitement to the overall experience.

Expanding symbols can grow and cover multiple positions on the reels, increasing your chances of winning combinations. Meanwhile, wild multipliers will boost the payout of any winning combination with a wild symbol, further enhancing the appeal of high volatility slots.

Considering these key features, you can readily navigate the highly volatile online slots and maximize your chances for significant payouts.

Key Features of High Volatility Online Slots

Best Casino Bonuses for High Volatility Slots

Canadian casinos offer players many types of bonuses they can claim. Most of them apply to slots, such as the high volatility variant. To get more from your online gambling, we suggest considering the following bonuses:

  1. Welcome Bonus: the most common promotion in online casinos. It's a welcome gift you receive when you sign up, and you can wager it on slots. The money from the welcome bonus can be useful to extend your gaming when you are looking for that big jackpot payout.
  2. Free Spins: bonus spins allow you to play high-variance slots for free. Casinos sometimes give you hundreds of free rounds to show their appreciation and offer you more ways to win.
  3. No Deposit Bonus: The no deposit high volatility slots online bonus is among the best in Canada. You get free spins and bonus money even before you deposit anything yourself.

Popular High Volatility Slots Providers


NetEnt has been a well-known online casino game developer for over 20 years. They have a wide range of popular high volatility slots online, including:

  • Dead or Alive: A Wild West-themed slot with a high RTP of 96.82%.
  • Gonzo's Quest: A popular adventure-themed slot featuring cascading reels and multipliers.


Microgaming is another established online gambling software provider, offering a variety of high volatility slots such as:

  • Jurassic Park: Based on the famous movie, this slot features 243 ways to win and exciting bonus rounds.
  • Immortal Romance: A vampire-themed slot with an RTP of 96.86% and 243 paylines.

Big Time Gaming

Big Time Gaming is known for its innovative video slots with unique features. Some of their popular high-volatility slots include:

  • Bonanza: A mining-themed slot with a unique Megaways mechanic, offering up to 117,649 ways to win.
  • Extra Chilli: A spicy follow-up to Bonanza, boasting the same Megaways feature and lucrative bonus rounds.

Pragmatic Play

Pragmatic Play is an experienced game developer boasting various variance games, from slots to table games. Their high volatility slots online are enjoyable and engaging, such as:

  • The Dog House: A canine-themed game with sticky wilds and free spin multipliers.
  • John Hunter and the Book of Tut: An adventure-themed slot inspired by classic Egyptian myths featuring expanding symbols.


Quickspin is a relatively newer game developer, offering beautifully designed high volatility slots that have impacted the market. Popular titles include:

  • Eastern Emeralds: An Asian-inspired game with up to 1,680x multipliers during the bonus round.
  • Big Bad Wolf: A fairytale-themed slot featuring cascading reels and multipliers.

By exploring these popular high volatility slots providers, players can enjoy engaging games with higher risks and potentially higher rewards.

Software Providers for High Volatility Slots Online

Top High Volatility Slots to Play

This section will discuss some of the best high volatility slots online that you can enjoy. These games offer high rewards but also come with higher risks. Let's look at each of these slots and their features.

Dead or Alive

Dead or Alive is a popular high volatility slot by NetEnt. This Wild-West-themed game has a 5-reel, 9-payline setup, where players can bet from 0.09 to 18 per spin. The exciting features include:

  • Free spins with sticky wilds: Triggering the free spins round with 3 or more scatters leads to 12 free spins with a 2x multiplier. Sticky wilds remain on the reels throughout the free spins, increasing the potential for big wins.
  • High potential winnings: Dead or Alive offers a maximum win of 12,000x your bet during the free spins round due to its high volatility.

White Rabbit Megaways

White Rabbit Megaways, developed by Big Time Gaming, is another high volatility slot that belongs to the slots with buy bonus round category. With 5 reels and up to 248,832 ways to win, it provides ample winning opportunities. Key features of this game include:

  • Expanding reels: During the free spins feature, the reels can expand, leading to more ways to win and increased winning potential.
  • Feature Drop: Players can purchase the free spins feature for 100x their stake, bypassing the need to rely on scatters for activation.

Monopoly Megaways

Monopoly Megaways, also by Big Time Gaming, combines the classic board game and the Megaways slot mechanism successfully. Some of the notable features of this game are:

  • Reel Adventure: As you play, Mr. Monopoly moves around the board, which affects the gameplay and potential rewards.
  • Free spins with multipliers: Landing on “GO” triggers the free spins feature, with a progressive multiplier that increases with every win during the round.

Wheel of Fortune Megaways

Wheel of Fortune Megaways is an exciting high volatility slot based on the popular TV game show. Developed by IGT, it has 6 reels and up to 117,649 ways to win. This game features:

  • Wild Megastacks: During the base game and free spins, wild symbols can transform into Wild Megastacks, covering an entire reel and leading to bigger wins.
  • Free spins with expanding reels: Triggering the free spins round can result in up to 18 free spins, and the reels may expand up to 10 symbols high, boosting the game's winning potential.


Cleopatra, developed by IGT, is an Egyptian-themed high volatility slot with a 5-reel, 20-payline configuration. Some of its appealing features include:

  • Free spins with tripled payouts: Landing 3 or more scatters triggers 15 free spins with a 3x multiplier on all wins during this round.
  • High jackpot potential: Five Cleopatra symbols on an active payline award a fixed jackpot of 10,000 times your line bet.

These high volatility slots online can provide thrilling gaming experiences and significant rewards for those willing to take on the increased high risk. Their paytable consists of various multipliers, jokers, and progressive jackpots.

Top High Volatility Slots to Play

Brand New Slots With High Volatility in Canada

New high volatility slots online come out on an almost weekly basis. The leading game providers are busy at work creating new products that you will love. Thus, let's check out the most recent releases and how much profit they can bring you.

High Volatility SlotProviderMaximum WinRTP
Dragon's MirrorRed Tiger3,873x95.80%
Space DonkeyNoLimit City14,649x96.07%
21 Thor Lightning Ways4ThePlayer1.500x96%
Sherwood GoldPlay'n GO6,500x96.20%
Lights, Camera, Cash!NetEnt25,000x96%
Brand New High Volatility Slots Online. The image shows the Casinoclaw mascot, two 'new' banners, and a slot machine.

Betting Strategy for High Volatility Slots Online

Bankroll Management

Proper bankroll management is essential when playing high volatility slots. Players should determine their initial budget and stick to it throughout the gaming session. This will help minimize losses and ensure a more enjoyable experience. Here are some tips for managing your bankroll:

  • Set a budget for your entire gaming session
  • Divide your budget into smaller portions (e.g., if your budget is C$100, you could divide it into 20 parts of C$5 each)
  • Determine a stake size that allows you to get the most spins from your bankroll
  • Be prepared to lose some bets without getting discouraged

Adjusting Paylines and Budget

Adjusting paylines to suit your budget can significantly impact your gaming experience in high volatility slots online. When deciding, it is essential to consider factors such as bankroll size, bet per spin, and volatility. Here are some suggestions for managing paylines and budget:

  • Start with lower paylines and gradually increase them as your bankroll increases.
  • If you are new to high volatility slots, experiment with different payline configurations to find a suitable balance between risk and reward.
  • Remember that having more active paylines may result in more frequent yet smaller wins. Conversely, fewer active paylines may lead to less frequent wins but larger rewards when they do occur.

Maximizing Bonus Features

High volatility slots often feature bonus features that significantly increase your chances of winning big. Maximizing these features is essential to getting the best possible results. Some tips on maximizing bonus features include:

  • Be familiar with the game's bonus features and how they work
  • Pay attention to symbols, such as wilds and scatters, which can trigger bonus rounds
  • Keep an eye out for multipliers and free spins bonuses that can increase your payouts
  • Patience is key โ€“ remember that high volatility slots tend to have less frequent but larger wins, so take your time and wait for the right opportunities to take advantage of bonus features
Betting Strategy for High Volatility Slots Online

Playing High Volatility Slots in Canada

The high online slots volatility is popular among gamblers willing to take more considerable risks for potentially larger rewards. Before diving into high-volatility slots, it's essential to recommend a few Canadian casinos online known for offering such games.

We will also discuss mobile apps and free play options for these exciting types of slots.

Top Canadian Casinos for High Volatility Slots Online

Image for the section Top Canadian Casinos for High Volatility Slots Online. It shows the Casinoclaw mascot, 3 gold stars, and a top 3 goblet.

Some top Canadian casinos offering high volatility slots online include:

  • LeoVegas Casino: This renowned online casino offers a wide range of high volatility slots and a generous matched bonus for new players.
  • Spin Casino: With an extensive selection of online slots, Golden Nugget is another top choice for players seeking high volatility games.
  • Jackpot City: Jackpot City Casino is known for providing an assortment of high volatility slots online and regular promotions for players.

Mobile App and Free Play Options

Most online casinos in Canada now offer mobile apps that allow players to access their favourite high volatility slots on the go. Royal Vegas, Luxury Casino, and Golden Tiger Casino provide seamless gaming experiences on Android and iOS devices.

Further, several iOS online casinos offer free play options for high volatility slots. This allows players to try out a particular game and familiarize themselves with its features before wagering real money. Some casinos even offer free spins or other bonuses to encourage players to try their high volatility slots.

In conclusion, high volatility online slots provide an exciting and potentially rewarding gaming experience for players in Canada. By understanding the regulations and being mindful of trustable casino options, players can enjoy a thrilling and secure gaming experience with high volatility slots online.

Bonus Rounds and Special Features of Popular High-Volatility Slots Online

Reel Rush 2

Reel Rush 2 is a high-volatility slot with several unique features, including:

  • Respins: Triggered after a winning combination, revealing additional symbols on the playfield.
  • Free spins: Activate by unlocking all reel positions, offering 8 free spins.
  • Super Free Spins: Upgrade regular free spins, increasing the bet multiplier.

Carnival Queen

Carnival Queen offers unique gameplay elements:

  • Avalanche feature: Allows for consecutive wins with increasing multipliers.
  • Free spins: Triggered by landing 3 or more scatter symbols, awards up to 24 free spins.
  • Wild symbol: Clears a row or reel when part of a winning combination during free spins.

Fruit Party

Fruit Party is a slot with the following special features:

  • Cluster pays: Land 5 or more matching symbols in a cluster to win.
  • Random multipliers: Symbols can have a 2x, 4x, or 8x multiplier, increasing win potential.
  • Free spins: Activate by landing 3 or more scatter symbols, awarding up to 14 free spins.

Guns N' Roses

The Guns N' Roses slot includes exciting bonus features:

  • Appetite for Destruction Wild: Lands as a cross-shaped overlay, substituting symbols for bigger wins.
  • Bonus Wheel: Unlock by landing 3 bonus symbols, awarding one of three bonus features or a coin win.
  • Encore Free Spins: Grants 10 free spins with a band member appearing as a stacked wild.

Immortal Romance

Immortal Romance boasts an engaging storyline and special features:

  • Chamber of Spins: Unlock by landing 3 or more scatter symbols with four unique free spin options.
  • Wild Desire: Activates randomly, turning up to 5 reels wild for massive wins.
  • 243 Ways to Win: Offers numerous winning combinations across 5 reels.

Penny Slots

Penny slots cater to players on a budget, with lower bet requirements and these features:

  • Bonus rounds: Triggered by specific symbol combinations, offering mini-games or free spins.
  • Expanding wilds: Stretch across a reel, increasing the potential for winning combinations.
  • Stacked symbols: Appear in larger stacks, allowing for multiple wins on a single spin.
Bonus Rounds and Special Features of Popular High Volatility Slots Online


What are high volatility slots?

High volatility slots online are a type of slot game. The payouts may happen less often, but when they do, they're typically much larger than with other casino games.

What makes high variance slots attractive?

Their most significant strength is the potential to trigger massive wins and jackpots.

Is it risky to play high volatility slots?

High volatility slots online also equal higher risk. There might be extended periods without wins, which can deplete your bankroll quicker.

How can I learn the volatility of an online slot?

The game's information or paytable often indicates its volatility. You can also find the figures on casino review websites like Casinoclaw.com.

Can I play high variance slots for free?

Many casinos have demo versions of their game where you don't have to spend your money. However, to win something, you must deposit and wager your funds.


Volatility Under the Spotlight: panel regression analysis of online slots


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