The likelihood that, while playing a game, any individual result will vary greatly from the expected return. In high volatility games, short-term results are likely to vary from the expected return. In low volatility games, short-term results are likely to be close to the expected return. See also variance.
volatility
Lawton Barnes
Lawton Barnes owns 14 video poker and slot machines in various states of disrepair. He desperately needs to get a haircut and a real job.
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