Casino Industry Glossary

Variance

Betting Systems, Strategies & Mathematics

/ Volatility The degree of fluctuation in short-term results around the expected value.

In practice

High variance games (slots, craps prop bets) have wild swings.

One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.