Progressive Slots
Progressive slots are popular for the very fact they offer you the unique opportunity to hit large jackpots which are always on the rise. ‘Progressive’ means that the jackpot will always rise provided people keep playing the game and will continue to rise until the jackpot has been won. With our progressive slots, you can witness an incremental rise in the jackpot amount with every bet on the game. In fact, for these slots, each bet pushes the jackpot meter a notch higher, to the extent that the final jackpot amount is much larger than the ordinary jackpot on the slot machine. Progressive Jackpot is the special jackpot video slot feature, where the total jackpot increases with every new game, unless there’s someone to win it. It takes only a minuscule percentage of. Stand-alone progressives are single slot machines with a progressive jackpot. A piece of every dollar put in the machine goes into a progressive jackpot that is contained on that machine. That means only money put in that specific machine goes into that jackpot and only someone playing on that machine can win that jackpot.
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If you want a chance to win a life-changing amount of money every time you spin, then progressive jackpot slots are the way to go.
On your average slot machine, the jackpot has a fixed amount. And while those jackpots aren’t a sum of money that you would ever consider turning down, progressive jackpot slots have no fixed amount. The jackpot rises every time players put in coins and spin the wheels. With progressive jackpot slots, you could win anywhere from $10,000 to a couple million. It’s just a matter of finding the right progressive jackpot slot and being lucky.
Our real money online casino is proud to offer players a huge number of progressive jackpot games with payouts that can make one lucky player filthy rich. If you believe luck is on your side and that you can claim the massive jackpots, sign up for an account today.
When you create an account, you will have access to hundreds of popular and profitable casino games, including progressive jackpot slots. Collect a welcome bonus when you first create an account and start winning on our dime. Players are entitled to all kinds of perks, including our exclusive VIP rewards section.
The value of the jackpots are only getting richer as you sit here and read this, so what are you waiting for? Give yourself a chance to win big by creating your account today and play one of our money progressive jackpot games today!
How do Progressive Jackpot Slots Work?
The question we’re most frequently asked regarding progressive jackpots is, “Where does all of that prize money come from?” And, luckily, we have a simple answer.
Each time a player places a bet on one of our many progressive jackpot games, a percentage of their wager is fed straight to the jackpot prize pool. Depending on the popularity of any given game, this percentage of each player’s wager can climb up to the millions. The pooled percentages of player wagers will continue to grow until the jackpot is won.
Now that you know how the progressive jackpot is created, the question surely on your mind is, “How do I win the jackpot?” Well, that depends on the particular game you’re playing. They all have different specifics of what’s required of any given player to collect the grand prize, but in the simplest of terms, a player must typically land on 5 (or more) of the most valuable symbols.
Once the jackpot is won, the meter is reset to the minimum. So, it’s a good idea to browse around and find a few different favorite progressive jackpot slots games. This way, you can always be competing for a gigantic jackpot rather than having to wait patiently for the jackpot to rise over time.
Types of Progressive Jackpot Slot Games
There are all kinds of progressive jackpot games that can be found on our online casino. By in large, the main differences players will see between them are purely cosmetic. While we could breakdown each and every progressive jackpot slot game offered at our online casino, breaking down the different combinations, the different bonuses, etc. you’re better off knowing the three main types of jackpot games: standalone, local and wide area network.
There are important differences between each of these slot games players need to know about whether they play at our real money casino or elsewhere. And they go far beyond knowing the differences between spinning for five cherries versus spinning for five bananas.
Standalone progressive.
A standalone progressive slot machine has a jackpot ticker, collected from player wagers, but only bets placed on that specific machine feeds the jackpot. Standalones are typically more common in brick-and-mortar casinos. Even then, they have gone out of style in recent years with more casinos preferring to link multiple machines together for bigger jackpots. It’s very rare to find a standalone progressive game nowadays, and if you do find one out there in the wild, you should be shocked if the jackpot is anywhere close to $10,000. But they are out there nonetheless.
Local progressives.
Local progressives were the logical evolution of standalone progressives. Rather than one specific machine taking a percentage of player wagers, these games were linked together on a local connection so that anywhere from a few dozen to a few hundred machines were all collecting a percentage of player wagers to drive up the jackpot total. These are still common in land casinos and these games can have jackpots from anywhere to $100,000 to $1,000,000.
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Wide area network progressives. A wide area network progressive links slot machines from multiple casinos in the same state. This allows the jackpot to accumulate to incredible, jaw-dropping sums of money based on the sheer number of people placing wagers. Our online progressive jackpot games use this same principle and it’s how we are able to offer such huge jackpots. With players from all over the world playing at all hours of the day, the jackpot will steadily get higher and higher. Don’t be surprised if these games offer jackpots anywhere in the range of a couple million…Winning Progressive Jackpot Slots
Inexperienced players and non-gamblers carry many misconceptions about casino games, but the one they seem to understand the least are slots games. For example, a common criticism laid against slots games, both fixed and progressive, is that there’s no skill or strategy involved. You just sit there, feeding the machine.This is simply not true. If you have any hope of winning a progressive jackpot slot game, you need to develop a strategy and have a little bit of skill because luck can only take you so far. And, while luck could conceivably take you straight to the top, here are a few tips to get you through the game even when luck isn’t on your side.
Look for games with higher payouts. Fortune favors the bold, sure, but being bold doesn’t mean diving in headfirst without pertinent information. Progressive slots games can feature payout percentages anywhere from 80 to 98%. Make sure you know what the payout percentage is before you spin to make the most of your time. Knowing this in advance will assist you in bankroll management and choosing a game with higher payouts will be more financially advantageous when you eventually heat up.
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Bet the max. Many progressive slots have bonus jackpot games that randomly activate during any given session. According to the rules of these games, the odds of a player triggering one of these random bonus jackpots are increased when they bet the maximum amount. Bonus jackpots are a great way to keep your bankroll nice and comfortable, but make sure you’re playing a game with one of these randomly activated bonus jackpots before you’re consistently betting the max.Know your limits. The key to success in any slots game, or table game for that matter, is knowing when to walk away. Bankroll management is the most essential skill for any gambler to master. Setting betting limits prior to playing will make sure you’re staying out of the red. It is possible for you to set daily, weekly and monthly betting limits within your account, so sign up today and make sure you set appropriate limits. If you need help setting it up, please get in touch with us and we’ll be happy to assist you.
How are Progressive Jackpots Paid?
In the event that your spin is the lucky one that claims the progressive jackpot, you’ll be entitled to a huge sum of money. And, of course, the first thing you’ll want to know is how do I collect all this money? After all, it’s probably more money than you’ve made in a few years.
Generally speaking, the progressive jackpots are either paid as a lump sum, or in regular instalments over the course of a couple of years.
Should you be the lucky person that collects a progressive jackpot, then you can expect one of our representatives to get in touch with you and discuss how you’d like your winnings to be handled. Everyone has different financial needs and preferences, and it’s our mission to make sure that our players’ individual needs are being met both during play and when it’s time for payment.
Still, we’re getting a little bit ahead of ourselves. Before we discuss payment, you need to sign up, collect your welcome bonus and start spinning. We have all kinds of progressive slot games, as well as progressive card games, for you to try.
In 2015, Mr. Jon Heywood won an astounding £13.2 million--which is roughly 16.1 million USD by today’s standards. This record still stands as the biggest progressive jackpot won. If you think you can beat Mr. Heywood’s record and get your name in the history books, create your account today and start playing the most lucrative games at our real money online casino.
There are plenty of ways to become a millionaire overnight nowadays, but none of them are as exciting and gratifying as winning a progressive jackpot! All you need to do is create an account now and you’ll be immediately in the running to claim one of our many progressive jackpots. The sum of the progressive jackpot is steadily climbing as you read this, and the longer you spend reading this, the closer someone else is to claiming the jackpot. So, don’t wait a second longer. Create your account, collect your welcome bonus and give yourself a chance to win big playing one of our many real money online progressive jackpot slots.
Progressive slots (and video poker games) offer jackpots that increase every time someone makes a bet up until someone wins. At that point, the progressive jackpot resets to its starting value and starts accumulating again.
The amount that the jackpot rises is based on a tiny percentage of your action on the machine. Most progressive slot machines are now pooled with other machines so that the jackpot goes up fast, although some games are still standalone progressives.
The best way to think about progressive slots is that they’re the slot machine equivalent of a lottery game. The odds of winning are long, but the prizes are huge. In most lotteries, the size of the prize increases from drawing to drawing until someone wins the lottery.
You’ll know you’re playing a progressive jackpot game because it will feature a prominent jackpot meter showing the size of the jackpot. This is also sometimes called a “jackpot ticker,” because it ticks upward as players on the network lose bets into the machines on that network.
This post features 10 of the most interesting facts I could find about progressive slot machines.
1 – Megabucks Is the Biggest Slot Machine Jackpot
Megabucks is IGT’s most famous progressive slot machine. It’s a state-wide game run in Nevada, and it’s the main reason the state doesn’t have an actual lottery. Who needs a lottery when you can just play the Megabucks slot machine?
Megabucks isn’t new either, the games have been available now for a couple of decades. Several people have won millions of dollars over the history of the game.
To play Megabucks, you must wager $3. It’s a dollar machine with a three-coin maximum bet. If you don’t place the maximum bet, you’re not eligible for the jackpot.
In Nevada, at least 750 different slot machines in over 125 different casinos pool those tiny contributions to grow that $10 million jackpot faster than you’d think is possible.
The odds of winning Megabucks is similar to that of winning the lottery, 50 million to 1. And like the lottery, winners get paid in the form of an annuity that pays annual installments over the next 25 years.
If you go with the cash option, you can settle for 60% of the prize amount as just plain cash. It’s hard to deny that Megabucks is the most interesting progressive jackpot game in the United States.
2 – Megabucks Has a Curse Associated With It
Some gamblers believe that if you win Megabucks, you have a greater than usual probability of dying young.
This legend of the “Megabucks curse” stems from the death of Cynthia Jay-Brennan, a cocktail waitress who won $35 million Megabucks only to be paralyzed in a car wreck. Jay-Brennan’s sister died in the wreck, which was caused by a drunk driver.
Most of the other tales of woe related to Megabucks are nothing more than urban legends, though.
It’s the opinion of this blogger that the wreck was just “one of those things,” and Cynthia Jay-Brennan has my sympathy.
3 – Progressive Jackpots Can Put the Odds in the Players’ Favor
Any game with a progressive jackpot can offer a player a positive expectation bet if the jackpot is large enough.
The trouble with slot machines is that no one knows exactly what the payback percentage for the game is, so it’s impossible to determine what the size of the jackpot would have to be.
But in other games with progressive jackpots, like video poker, you can compute the break-even point for the game and only play after the jackpot has exceeded that point.
The optimal strategy for playing such a game changes based on the size of that jackpot, too.
4 – Some Progressive Games Get Attached by Advantage Player Teams
An advantage player is a gambler who only gambles when he has an edge over the casino. The classic example of an advantage gambler is a card counter in blackjack.
But we already discussed how a gambler could have an advantage at a progressive slot machine game.
They play as a team until someone on the team wins the progressive jackpot, and the team then splits the profits. Some casinos don’t mind this type of advantage play much, because even though the players have an edge, the jackpot comes mostly from players’ contributions to the game over time.
Other casinos have policies forbidding team play and will back off or bar such players.
5 – Slot Machines With Progressive Jackpots Have Worse Odds
You measure the casino’s advantage with a slot machine by looking at the payback percentage, or return to player percentage, for the game. This is the flip side of the house edge.
The payback percentage estimates an average amount that will be returned to the player in winnings over the long run based on the odds of winning and the prize amounts. The house edge estimates how much the player will lose on each bet.
The higher the payback percentage is, the better the game is for the player. For example, a slot machine game with a 98% payback percentage is better than a slot machine game with an 88% payback percentage.
Generally, there are two factors that ensure the progressive jackpot games have a lower payback percentage.
- The first is simple to understand. A percentage of each bet is diverted toward increasing the size of the jackpot. That amount comes directly from the payback percentage of the game.
- The second is only slightly harder to understand. A large percentage of the game’s payback percentage is based on the payout from the jackpot. If a game has a 95% payback percentage, 5% of that might be made up of the jackpot.
But with a game where you only have a 1 in 50 million or even 1 in 10 million chance of seeing that jackpot, the payback percentage before that jackpot gets hit will necessarily be lower than that 95%.
The more economical choice for slot players is always the flat-top slot machine, not the progressive slot machine.
6 – Mega Moolah Is Probably the Best Progressive Jackpot Online
Mega Moolah is an online-only progressive slot machine game with five reels and 25 paylines. The game’s symbols and sound effects have an African theme, with elephants and zebras.
In the decade since Microgaming launched Mega Moolah, no other online slot machine game has produced as many millionaires.
The prizes for Mega Moolah have ranged from $5 million to $13 million. That $13 million was the biggest online jackpot win in history, too.
7 – You Usually Can’t Win the Progressive Jackpot Unless You Play Max Coins
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Most slot machines have a denomination and a maximum number of coins you can wager. Most of the time, you can bet less than the minimum without any kind of adverse effects.
But progressive slots, like video poker games, are an exception.
If you don’t bet the maximum number of coins, you’re usually ineligible to win the progressive jackpot.
This doesn’t make much of a practical difference, since the probability of winning a progressive jackpot is practically zero anyway. Once the probability of an event gets small enough, it might as well be zero.
8 – Some Online Casinos ONLY Offer Progressive Jackpots
One online casino, Slotland, offers a minimal number of games, but they all share the same progressive jackpot. You can’t play there from the United States, but it’s probably just as well. The casino has some misleading practices, especially in terms of how their video poker and blackjack games work.
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When a casino offers a video blackjack or video poker game, they’re implying that those games follow the same probabilities you’d see if they were using a deck of playing cards.
If you’re okay with that, it might be okay to play there, but the most interesting thing about that casino is that all the games tie into the one big jackpot.
9 – A Standalone Progressive Offers Better Odds
You’ll find three different kinds of progressive slot machines:
- Standalone progressives
- Local area progressives
- Wide area progressives
A standalone progressive slot machine is one where the jackpot can only be won on that machine. But playing on that machine counts toward raising the jackpot. The size of the jackpot on a standalone game is almost always smaller than the jackpot on other kinds of machines.
A local area progressive network is a network of machines in the same casino, usually all within a short distance of each other. These jackpots are bigger than what you’d see on a standalone progressive, but not as big as you’ll see with a wide area progressive jackpot.
A wide area progressive jackpot is similar to what you see with Megabucks. Multiple machines in multiple locations feed the jackpot. This game has the biggest prizes.
The best odds for the player can be found at the standalone progressive slots, because the jackpot is smaller. In fact, the lower the jackpot, the better the odds are in general with a slot machine game.
10 – You Can Win the Progressive Even With Your Slots Club Card Inserted
There’s a popular myth/urban legend that you can’t win the top jackpot on a slot machine if you’re playing with the slots club card inserted. This isn’t true.
The random number generator running these machines isn’t aware of whether you’re playing with your slots club card inserted or not. It’s impossible for it to have such an effect on your gaming experience.
Conclusion
Progressive Slots Machines
Progressive slot machines can be a lot of fun as long as you know what you’re getting yourself into. Generally, I recommend avoiding them for games with lower jackpots, but certain players prefer to play for big, life-changing prizes.
If that’s your cup of tea, be my guest. What kinds of facts about progressive slots do you know that I haven’t covered here? Leave a comment and let me know.