Take a cartridge apart and remove the slug. Drop the slug down the barrel and you will see how loose a fit it really is. It is the wads that seal the bore, not the slug.
The foster style slug has a hollow base, this is the same idea as the old hollow base bullets for muzzle loaders. The pressure of the round being fired pushes out the skirt of the slug and against the bore, this is what seals, not the wads. Most foster slugs use felt wads stacked up to create a proper crimp, with just a flat based bullet you would have it key hole like crazy.