Slot machine volatility refers to the risk level associated with a particular game. It determines how often and how much a slot machine pays out. Low volatility slots offer frequent but smaller wins, while high volatility slots have less frequent but higher payouts. Understanding volatility is crucial for managing your bankroll effectively. It is important to choose games with volatility that matches your risk tolerance and playing style. Overall, slot machine volatility plays a significant role in shaping your gaming experience.