What Is A Progressive Jackpot & How Do I Win It?
Progressive jackpots are Casino games that have jackpots that accumulates over a period of time and requires the right combination to win. There is no specific amount for a progressive jackpot because it keeps growing as more players play it. A little percentage of the buy-in goes into the jackpot every time a player plays the progressive jackpot. The big break (winning jackpot) comes when a lucky player makes the correct combination and hits jackpot, they win all that money that has accumulated up till then. A large number of progressive jackpots have a specific amount that they reset to, when a lucky player hits the jackpot.
- Progressive jackpot games can be found in table games
- Hitting the jackpot wins the player a very huge sum of money
- It can be found in Land Casinos and online gambling Casinos
- The most common types of progressive jackpots are on slot machines
Types of Progressive Jackpots
There are mostly 3 variations of Progressive jackpot machines. They are:
Stand-Alone progressive jackpots machine
These are currently not linked to any online Casinos. The Progressive Jackpot for Stand-Alone slots is lower than the progressive jackpots that are linked to other online casinos and jackpots.
In-House Progressive jackpot machine
Here, some slots are connected together to create much larger jackpots by each one adding to the main jackpot.
Wide Range Progressive jackpots machine
These are connected together from various online casinos and they have the largest jackpot because of the number of players that play.
So how does the Progressive Jackpot work?
The Progressive jackpot accumulates overtime until a player wins, after which it just resets to the minimal level and begin to accumulate again. They build by taking a percentage of all bets made on the game the progressive jackpot is linked with and thereafter adding it to the jackpot amount. To explain further, we would present a precise representation of the way it works. Let’s use a slot machine with a linked progressive jackpot slot.
- The slot machine takes 10% of every wager played and puts it in the progressive jackpot amount
- The jackpot then resets to $100,000 immediately the jackpot has been won
- The accumulation coming from the overall progressive jackpot is what contributes to the reset amount.
- 1% of the amount funds the next reset amount while 9% flows into the progressive amount until it reaches $100,000
- Once it reaches $100,000, the rest (10%) is put into the accumulating jackpot amount.
- The progressive jackpot just continues growing.
If you are playing a total cost of $2.50 per spin, here, .25 of each spin by the player is contributed to the progressive jackpot amount and the remaining $2.25 is treated like the ordinary non-progressive slot machine. The profit from the machine is got from the second amount. It needs to be made clear that Casinos generally do not get a cut of the jackpot. The way the Casinos profit from progressive jackpots come from extra players who play persistently trying to win.
Progressive jackpot catches the eye of the media when it becomes very high and number of players increase. The extra gain/profit comes from the second amount which is $4.25. In our example, if the machine pays 90% over time, the Casino would realize 42.5 cents per bet. Below is the analysis of a $4.50 wager on the progressive slot machine.
|The Total Wager||Amount: $2.50|
|Contribution of Progressive Jackpot||$0.25|
|Amount paid out to players Average over time||$2.025|
|Casino Profit Average over time||$0. 225|
Games that have Progressive Jackpots
Slot machines are the most common games where you earn progressive jackpot wins. Slots that have the progressive jackpot are the newer videos with many paylines, they also have bonus rounds and other new features. They can be found in reel machines, table games and video poker machines. It is said amongst regular players that the progressive video poker game is often a worse paytable than the non-progressive, so ensure to compare the paytable of the progressive and non-progressive before gambling. However, you could still play the progressive because the amount could get so high and it can bring in some profit.
Table games with the progressive jackpot include roulette, Let-it-ride and others. Most table games that have the progressive jackpot have them attached to a side bet.
Common Online Progressive Jackpots
- Mega Moolah slot
- Mega Jackpot slot game
- Queen of the Pyramids slot
- Stars and Triples slot
- Winner Casino slot
- Ruby slot Casino
- Sloto Cash Casino slot
- Slots Million slot
- Omni slot
- Spartan slots
- Silver Oak Casino slot
- 888 Casino slot
- Eurogrand Casino slot
(Guinness World Record recognized Mega Moolah slots machine for paying out the highest jackpot, 17,880,900 Euros.)
Common Land Prospective Jackpots
- Megabucks slot
- Monopoly money slot
- Powerbucks slot game
- Wheel of Fortune slot
How Do You Win a Progressive Jackpot?
Try Playing Within Your Budget
When you play, it’s very crucial that your spins qualify for the opportunity to qualify for the maximum price. You must check the game’s set up because requirements could vary from game to game. If you fail to check the set up, it is possible to end up getting a winning combination, but only getting a little part of the jackpot pool.
It is advisable to look up the game’s paytable and rules to find out how much money and coins you tend risking, then you decide if you prefer to play a whole session of the jackpot gaming. You could win the jackpot bet with small bet amounts with some machines, but the odds are greatly reduced. Others prefer you wager with a specific bet value or full set of coins to win the full jackpot. To sum it up, just identify your preferred progressive jackpot games, set aside the required budget and strategize on when to play and how many spins you go for before gambling.
Look for a Jackpot that is Huge
Factors affecting the magnitude of a jackpot are time and volume. These could create a gargantuan jackpot pool. When the money accumulates and it starts getting popular, it starts receiving a lot more spins from regular and even non-regular players. It is at this time big shots start playing the machines. In spite of this, it’s essential that you check on jackpots of other games and keep playing the particular game with very attractive prize pools weekly.
Play Jackpots that are way Overdue
A random number generator makes sure a spin on a progressive jackpot has equal chances of winning, it doesn’t always mean the jackpot you win would be of the same size. The reality is, the longer a progressive jackpot isn’t won, the better the opportunity of someone winning it. An Overdue jackpot often has a very huge profit.
Always be on the lookout for jackpots that are at average jackpot-winning size or above to make sure you hit big.
Take Advantage of Bonus Promotions
A great number of online gambling casinos provide these promotions that allow users to play progressive jackpot slots for free. Make sure you take advantage on these bonuses to gain potential profit. These promotions are often Welcome offers and reload bonuses, however, they may require deposits before you could have a free spin. That’s why it is advisable to look out for good progressive slots before registering.
Watch the Withdrawal Limits
Online Casinos have cash out winning limits that enable players to withdraw only a specific maximum amount of money per month. Withdrawal limits are mostly based on the particular payment method used. Make sure you check the cashier section to determine whether you have a payment method that favors a complete withdrawal of winnings from a progressive jackpot if you win. If your withdrawal limits are very low, you might be unable to withdraw for quite a while.
What’s the Difference between a Progressive and Unprogressive Jackpot?
Progressive jackpots build up in money over a period of time as opposed to unprogressive jackpots which simply give a fixed jackpot amount. Progressive jackpot wins are very difficult to hit, but when they do, they hit very big.
Where to Find Progressive Slots
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