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Medium variance slots are pitched in between low and high-volatility games.
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Low-volatility slots generally offer smaller, more frequent wins, while high-volatility slots pay out less often but with bigger prizes.
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Medium volatility in slots sit in between those in the high and low categories. In theory, you’ll get a regular stream of medium-sized payouts.
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Virtual slot machines are not as easy to categorize as table games with easily knowable house edges and low volatility. Slots can be all over the charts in terms of return-to-player percentages (RTP) and volatility.
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High Volatility - High volatility slot machines will pay out much larger amounts than low volatility slots. But, the big disclaimer with high volatility slots is that the wins are infrequent.
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Low volatility slots typically have higher hit frequencies, while high volatility slots may have lower hit frequencies but larger potential payouts.