This thought might have crossed your mind once or twice — how do actually progressive jackpots work? In this writing, I promise to provide cogent information to help with these throbbing questions.
Everyone, especially newbies, should understand the play-and-win mechanism of these progressive games. Deploying playing-time strategies may also improve your winning chances.
What Is a Progressive Jackpot?
Progressive jackpot — a game type that collects every loser’s bets into one prize pool. Indulging in games with these jackpots has two sides. Lose, and your bet goes into the jackpot, or win and get the money for yourself.
Either way, someone will eventually win the jackpot. However, it is neither yours nor the casino’s to know when, but you can put yourself in pole position.
Perhaps you are new to online casino gambling, yes? You may not yet have noticed the differences, but progressives differ from the other ‘randos.’ The obvious one — huge payouts. Others include induced thrill and win frequency. These jackpots are more exciting but highly volatile.
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How Progressive Jackpots Work
Now that you know the basics, let’s dive more into the mechanics. Progressives are funded by taking a small percentage of each bet on the game. It means that while a small portion of each bet contributes to the jackpot, most of it goes to the casino.
A small percentage of each bet (usually around 2-10%) is added to the prize pool. Over time, these small contributions accumulate, turning into potentially millions of dollars.
Here’s how the funds are allocated:
- Reset Amount: A small portion of the contributions is used to set the reset amount. It is the base value of the jackpot, which it returns to after being won.
- Main Purse: Most of the contributions go into the main pool, which continues to grow until someone wins.
There are different types of progressive jackpots:
- Standalone Jackpot: This is linked to a single machine. Only bets placed on that specific machine contribute to the jackpot.
- In-House Jackpot: These are linked to multiple machines within a single casino or establishment. All the linked machines contribute to a central jackpot pool within that location.
- Wide-Area Jackpot: These are linked across multiple casinos, often within a region or even nationwide. Bets from all participating machines in different locations contribute to a massive central jackpot pool.
Popular Progressive Jackpot Games
You may not be familiar with this opinion — not only slots have the progressive jackpot feature. Table games do, too. However, slots are the most popular jackpot games. The ‘GOAT’ of those games is Mega Moolah. Mega Fortune, from NetEnt, is a luxurious mention too.
How to Play Progressive Jackpot Games
New to the online casino scene? Well, listen carefully — you need just the basics, and you can pick up more as you go. For rudiments — play the regular video slots first. After you have that settled, continue with the guide below:
- Research and pick a game that suits you.
- Place a bet in compliance with your bankroll.
- Let the reels determine your fate.
Now, note certain accompanying principles — the minimum bet requirement for jackpots, among others. Knowledge is critical for making good decisions.
Strategies for Playing Progressive Jackpot Games
Like the typical slots, this jackpot hinges on luck or, as the techies say — provably fair technology. So, to be fair to all, it is impossible to predict playing results. Nonetheless, you can take these steps to improve your chances:
- Keep a lid on your finances — fit your bets to match your pocket. However, you may have to wager a max amount to trigger some progressive jackpots.
- Choose the game that suits you best while considering bet sizes and the current jackpot amount.
- Time your play to optimize your winning chances.
Need to familiarize yourself with playing games at the best possible time? Up next — when to play progressives.
When to Play Progressive Jackpots
Rigorous research and analysis goes into this process. You must consider the patterns of previous payouts, however unreliable.
Note the last couple of paid-out jackpot amounts, too.
Bide your wait and strike when it is time. However, remember that these games rely on algorithms; hence, they are absolutely unpredictable.
Risks and Considerations
Surely, you must understand what is at stake, no? Your funds!
It should come as no surprise that progressives are highly volatile. The stake is high, but the chances are thin. Understand the risks.
Adopt a realistic approach to these progressive jackpot games. Unless picked by the algorithm, there is nothing else you can do to win. So, always remember to gamble responsibly and never chase losses.
Conclusion
Progressive jackpots extend to other games, such as table-and-card, aside from the slots. Slots, however, dominate. We have successfully explained the working principle of these progressive jackpot games. You also learned about when to play or otherwise, including consequences. Since we are all rightfully caught up on the topic, there is only one thing left to say — gamble responsibly!