I am working on a slot game mathematical model. I have done the strips and I have calculated the RTP. My customer wants the volatility of the game to be 3 of 5 stars. I have calculated the standard deviation, but I do not know how to map these figures to 5 stars volatility scale.
Please, share your opinion about this issue?
My calculations are done with custom made source code, which can be found in GitHub under the name: Fruit-Machine-Simulator-with-Excel-Interface
It took me a lot of time, but I have found a way how volatility could be estimated and transformed into 5 stars terms.
When the game is simulated in 10M runs we get the central tendency of the RTP. When the game is simulated in 10K runs it is unstable and it has an obvious deviation from the central tendency. Such deviation can be mapped to the 5 stars indication as it is shown in the picture below.
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