Slot machine volatility is a key factor in determining the risk level of a game. It measures how much and how often a slot game pays out to players. High volatility slots offer larger payouts but less frequently, while low volatility slots have more frequent but smaller wins. Understanding volatility can help players choose games that match their risk tolerance and playing style. It is essential to consider slot machine volatility when developing a gambling strategy. By analyzing volatility, players can make informed decisions on which games to play to maximize their chances of winning.