Max win in Online Slots is the maximum possible amount that a slot game can pay to a player. Max Win is directly proportional to the bet amount, in simpler words if a slot game has a Max Win of 10000x then you can win a maximum of 10000 times of your bet. Ex. if you place a bet of 2 Euro on a slot game which has a max win of 10000x then you can win a maximum of 20000 Euros.
RTP, or return to player, is one of the most important requirements when selecting an online slot game to play. It is the percentage of return that a player will eventually receive from a slot machine.
A slot machine with a 97% RTP does not guarantee that you will win at least 97% of your money back. Definitely not. Longer-term calculations of RTP require the Slot Provider to play billions of rounds.
To put it simply, Total Win is divided by Total Money Gambled concludes RTP
The frequency with which an online slot machine pays out is referred to as volatility. The slot providers primarily offer volatility in a low to high range. While there is less probability of winning large but frequently in a low-volatile game, there is a greater likelihood of a large return in a high-volatile slot machine but not frequently.