Slot volatility plays a crucial role in shaping your gameplay experience by influencing both the frequency and size of payouts. High-volatility slots tend to offer larger jackpots but pay out less frequently, leading to potential long stretches without wins. This can create an exhilarating but risky experience. Conversely, low-volatility slots provide more consistent, smaller wins, which can be less thrilling but generally offer a steadier stream of payouts.