If it vents, it will be emitting an electrolyte mist, vapor, and smoke, with a small arc(s) (considering most sizes with electrical failure), but that only occurs in thermal expansion from a bad or misused battery.
The ions are pushed from the cathode to the anode during discharge/operation, and they are pushed back during charging. This is why thermal expansion occurs. When a battery is part of a circuit releasing too much current, the molecules are traveling too fast for the material, and they try to escape in whatever direction they can.
If a battery is venting a small amount, it is going to vent everything it can. The Li-ions/other materials used are contained with a good battery. Once you damage a battery, it needs to be disposed. Unfortunately, there is an extremely fine line with damage and complete failure. You're probably not going to encounter a damaged battery or failed battery if you apply battery safety in every aspect of using them.