The term “jackpot” means a large prize that can be won in slot machines. A progressive jackpot is one that increases every time a game is played and no one has won it yet. The prize will increase until one lucky winner gets the pot. After that, the size of the progressive jackpot is reset to a predetermined value, and everything starts again.
About Progressive Jackpot Slots
Progressive jackpot slots are one of the most popular casino games today. Why? Because you can win millions without spending a fortune.
The most popular online jackpot games are available in dozens of casinos around the world. Not only are these incredible games easy to play anywhere, and the choice of venues to do so is insane.
The result of a progressive jackpot slot is determined by a random number generator, so unfortunately there is no secret strategy that would increase the chances of winning. However, it is worth keeping an eye on the prize pools for different slots and avoid those that have been won recently.
Tips for Winning at Progressive Jackpot Slots
Odds of Winning the Progressive Jackpot
The chance of winning the jackpot depends on which slot machine you are playing. To calculate the chances of winning, you will need to look at how many reels the slot machine has and how many symbols are on each reel. You also need to take into account how the progressive jackpot is triggered.
Keep in mind that all progressive slot games are based on a random number generator, but by calculating these three things you can get an idea of the odds of hitting the jackpot.
How are progressive jackpots paid out?
While many major jackpots are paid out in annual installments spread over a decade or more, some prizes, including Microgaming’s Mega Moolah Jackpot, will be paid out all at once.
If you happen to win a smaller amount, you can expect your winnings to be credited to your casino account instantly. However, progressive jackpot winners who have received a record prize are more likely to be paid out by courier, bank transfer or in person within a few days. Don’t be surprised if the casino asks you to pose with a check.
Stick to a budget
- When you play any casino game, the best advice is to decide on a budget before you start. Stick to it. It is not worth taking risks and playing for an amount that is more than originally planned.
- Some progressive jackpots have a minimum bet to qualify for the jackpot. Make sure you bet enough – but still within your budget – to be eligible.
- The way you bet will change depending on whether you are playing for one big win or multiple smaller wins, so decide what type of win you want before placing your bet. Sometimes it’s more profitable to go for smaller wins – and win multiple times.
- Do research and find out what game and how to play, what jackpot is about to hit, and make sure you know the rules of the slot game. You don’t want to spend money on a slot machine that has just paid out the biggest win.
Essentially, be aware of the risk involved in playing a particular game. Volatility is when and how often you expect to win.