What is a Progressive Jackpot Slot?
As with most online casino, their slots come in a huge variety of themes and formats, and this also includes progressive jackpot slots. The difference between regular slots and progressive jackpot games lies in the latter have a jackpot that increases incrementally as players play that game.
This jackpot can be ‘standalone’, or present in just one slot machine game, or it can be a ‘network’ jackpot that accumulates money into a large pot across different games. Irrespective of the type of progressive jackpot, games will take a small percentage of each bet placed to create a truly once in a lifetime money pot. Age of the Gods has a unique jackpot structure (plus tons of in-game free spins), check them out for reference.
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When it comes to online casino games, slots are without a doubt the quintessential choice for several players. Much of the appeal of slots lies in the fact that the online versions have not changed from the original machines that are still found in brick and mortar casinos. See Rainbow Riches online, for example. Based on the popular ground-based slot of the same name.
Gameplay is super easy, where players have to place a bet, spin the reel, and form a sequence of symbols as per the predetermined paylines of the game. No skill, no expertise and no fuss – just pure fun!
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How are jackpots made in progressive slots?
To understand how progressive jackpot games work, we first need to compare these with regular slots. Irrespective of whether slots are classic or modern, or make use of a simple or more elaborate theme, they will always have a fixed jackpot. This means that any players that play a given online slot can only win a maximum preset amount.
This is entirely different in progressive jackpot slots. The actual jackpot is not fixed and will continue to increase as more players place bets on a game and spin the reels. In fact, a predetermined percentage of each bet is taken to ‘feed’ the jackpot until someone eventually wins it. Once this happens, the process starts over again until another lucky player walks away a winner and so on.
There are two different types of online progressive jackpot slots that players should know about: standalone jackpot machines, network jackpot machines, progressive jackpot features and much more!
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Standalone jackpot machines
Standalone progressive jackpot machines are those slots that have a jackpot ticker in them, so each time a person plays that particular game it collects a percentage towards a larger pot. These slots are not connected to other games, so the actual jackpot prize would not be very large.
However, the actual jackpot amount is still considerably high and can run into several thousand depending on the type of online slot being played. Starburst, for example, has a maximum fixed-winning of 50,000 coins- nothing to sneeze at!
Network jackpot machines
Network Jackpot Machines can be seen as the evolution of standalone versions, and are now some of the most commonly found slots games at online casinos.
These online slots operate using a network that links individual slot games across an online casino lobby, and sometimes even across partner online casino websites, to collect money towards one massive jackpot.
With so many contributions, it is no surprise that jackpots of this type generally start from at least one million!
Key progressive jackpot slot features
When it comes to playing progressive jackpot games, there is really nothing to it. However, there are some key features that will be highlighted below as these are instrumental in helping you get closer to that massive real money jackpot win.
Firstly, players should be aware that progressive jackpot slots have jackpot meters that are added to general game design. These meters show the current total value of the jackpot, and can also be seen changing and growing during gameplay. In addition, you can also find some websites that list several jackpot meters from various websites. This feature is important as it allows players to monitor a jackpot to see when is the right time to attempt to net it.
Another integral feature of online progressive jackpot slots is the max coin button that is found in online slots. In order to be even more eligible to win the jackpot, players should definitely make a max bet at some point.
While it is not recommended that players always place wagers that are set at max bets, as this would make them go way over budget, can you imagine winning a jackpot on a small bet and only getting a fraction of the actual payout?
Odds of hitting a progressive jackpot
Now that you know how progressive jackpot slot machines work, what types are found at online casinos, and some of their key features, we are sure that you have one main lingering question: is it even possible for me to actually land the big one?
The answer to this question mainly depends on the type of progressive jackpot games being played, but in general the higher the jackpot the amount, the lesser the odds will be in your favour.
However, the actual odds of winning a massive jackpot are pretty difficult to estimate accurately. The best way to describe this is by comparing it to a lottery, where the more players purchase tickets to net the large prize, the more difficult it would be for you to actually be the winner.
This is no way intended to sway players into steering clear of large jackpot games, but online casinos cannot have players winning millions every other week! While it is true that there are no strategies or systems that can increase a player’s chance of winning, there are things that can be done.
However, it is recognized that individuals playing progressive slots games have a higher chance of winning per hour that they do playing a lottery based game. Despite this, players are reminded that unlike lotteries, progressive jackpots do not become ‘due’ for winning. It is possible that a jackpot can become so big that betting on a specific online slots game will be seen as a positive expectation bet, but it is still not a practical opportunity to win.
When it comes to progressive jackpot slots, no matter how big the prize pot is, a one in a million chance to win will not change. But the lure of winning that prize has never deterred any serious slots player from trying!
Progressive jackpot payouts
As already mentioned, the actual payout amount of progressive jackpot games will vary depending on one online casino to another, and on the slots types. Compared to regular slots that have fixed paylines, there is no fixed formula for progressive jackpot slot machines.
In fact, the payout percentages for these games are lower than for regular slots. And even though the adding of a part of the bet to the jackpot should theoretically make payout percentages for progressive slots higher, players will not be able to make enough spins to actually win the jackpot.
As such, players are always advised to use good bankroll management when playing progressive jackpot slots to see if they can actually contribute to the prize pool. Most players actually focus on the main slots game and its fixed paylines, whilst making side bets on the progressive jackpot as they go along.
Play progressive slots!
Progressive jackpot slot machine games are quite easy to play, and the possibility of walking away a millionaire is just too sweet to pass up! So even though the odds are stacked against you when playing progressive jackpot games, there is no reason why you shouldn’t go ahead and give those reel a spin!
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