Some video slots have a jackpot and it is usually a progressing jackpot, making them more appealing to the gamer. A progressive jackpot means that the value of the jackpot increases as every game is played. Though it is a small amount in every game, you can only imagine how it grows, considering the number of people playing these machines. Progressive jackpot slots offer huge jackpots higher than the highest payouts of straight slot machines. Most often than not, these gigantic payouts can become life-changing experiences.
Typically you will notice that multiple slot machines are linked together to form one massive progressive jackpot. In that case, the jackpot grows faster because numerous players contribute to the pot simultaneously. These slots belong to a group of slot machines connected via a network. The jackpot is aggregated by setting aside a small percentage of all the bets wagered on the slot machine in a pool. Because of the share, the pot continues to grow. As a result, more people are attracted to play the game, with each person hoping for a lucky streak to win the progressive jackpot. However, not all progressive slots are the same - the actual payout differs from each casino and slot machine.
How to Win Progressive Jackpot?
It's challenging to be a long-term winner on slot machines. However, we do point out that there are particular instances of certain kinds of slots. So in certain playing conditions, you can be a long-term winner. You have the advantage then. The expected losses on the slot machine should be less than the jackpot that you want to win. Therefore, you have the advantage. It doesn't mean you will win all the time, but if you only play when you have the edge over the game, then, in the long run, you're winning. You can make money on the progressives. The ones that keep going up because it has to get past that break-even point become advantageous for the player.
You can multiply your chances.
You can find the progressive slots that you have the advantage of. But then you've got to be patient. It's like any form of professional gambling. It is about patience. You wait for the window when the jackpot reaches a point where the jackpot value is higher than the expected cost of getting it. There is a chance that someone else will win that jackpot before you do, of course, but you can multiply your chances by increasing your bets and wishing good luck for yourself to the pots.
Types of Progressive Jackpots
Standalone Progressive Jackpot
These slots are not connected to other machines. These do not also offer a fixed jackpot. They get a percentage of bets played on the game and subsequently hand out the accumulated pot to the winning combination. You will see the jackpot through the ticker located on the front or above the machine as a player. Or, in the case of online gaming, you will see the ticker on the screen. The pot of a standalone slot is considerably lower. Still, the odds of hitting are higher than those of other progressive machines linked to a network. An example is Halloween Treasures
Proprietary Progressive Jackpot
Also, we call them in-house progressives. These progressive slot machines are networked and handled inside the casinos. You may find that some particular jackpots are available only in a single casino or connected sister casinos if the game provider operates the grid. Typically, the pot is not astronomical, but the chance to win here is higher than the progressives connected to a much wider network of slot machines.
Wide Area Progressive Jackpot
In progressive wide area slots, the games are networked and operated, not by the casinos but by an independent operator. Some networks are state or even worldwide. Though the casinos take a percentage from the pots, the network operators are the game owners. Though the pot is enormous, winning here is lower than the other progressives. It entirely depends on luck who and when will hit the jackpot. The odds of winning are small, something like a couple of millions to one; however, the prizes are in the range of millions. Remember, whatever kind of progressive slot machine you play, stick to your bankroll limit.