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What is progressive jackpot? Progressive payouts 5. The best progressive jackpot games 6. Progressive jackpot software providers 7.
Progressive jackpot strategies 8. Some facts and myths about progressives. Introduction While playing at any casino game, either online or at a land based site, can bring big rewards, the quickest way to a potential fortune is to play a progressive jackpot game.
With hundreds of online casinos, each with thousands of players, progressive jackpot machines have become some of the biggest attractions, and as well as slots games, you can now find progressive Poker, Blackjack, Video Poker and more, although slots remain the most widespread titles.
Progressive payouts When the jackpot is struck, the lucky player is actually paid by the game developer, not the casino, although the funds will be credited to their casino account.
It's normal practice for the prize to be paid out in one go, although in some cases it is paid out in instalments, and depending on where the winner lives, there may be taxes to pay on the prize.
Every progressive jackpot has a point where it is most likely to be won. Once that threshold is broken, the probability of winning the prize increases with every penny.
Unfortunately, not all jackpots are the same at every casino, so spotting jackpots which are most likely to drop can be a hassle.
Even though winners cannot be predicted, at least this is something you can do to tilt the odds to your favour. A progressive jackpot is based on two things: first, it typically has a starting amount, which is a guaranteed minimum win.
Depending on how popular it is, it will start growing faster or slower immediately after someone wins. The prize increases because a certain percentage of every bet that is placed on the game is added to the jackpot.
There are two types of progressive jackpot slots: those in which the jackpot is networked used by many casinos and those in which the jackpot grows within one or few online casinos.
If the jackpot is indeed a local one, it can only be shared between online casinos that are operated by the same company. The difference between local and network jackpots is the amount and speed at which the prizes grow: in networked progressive casino games, the jackpot grows at a faster and bigger pace simply because more people play the games.
Not all progressive jackpot games are the same. The type and the amount of a jackpot vary depending on the way the pot is created. Which one should you choose?
There is no best answer to that. The odds of winning a networked progressive jackpot at its boiling point or even higher are lower, as there are so many people around the globe playing the game at the same time.
On the other hand, choosing a local progressive jackpot may give you more time and opportunities at the main prize when it is hot, but it will grow much more slowly.
Progressive slots and regular slots have no significant differences when it comes to gameplay. In fact, some developers add jackpots on top of existing games, as is often the case with must-drop jackpots.
In both game types, the bonus section is usually the one where players can reach for the biggest wins. If the jackpot is fixed, the main prize will never go higher than reported.
Fixed jackpots very rarely exceed 50,x bet and are sometimes capped at , pounds, like the ones made by Blueprint. With progressive jackpot slots, on the other hand, you can win over a million with a 20p bet.
There is, however, one caveat. For the progressive jackpot to get bigger, someone must pay for it.
That someone is all players who play the game. It is called jackpot contribution , and it is discounted from each bet that you place in a jackpot game.
As a result, RTPs of such games are significantly lower compared with fixed jackpot slots. If we discount jackpots from the total RTP of I wish I could tell you that there are many strategies to winning a progressive jackpot.
In reality, every game is completely random and there are no ways to affect the result. This is because the games use Random Number Generators RNG , and these are the ones that generate the outcomes of each spin or round.
However, there is one thing you can do to increase your chances of winning a jackpot bonus game significantly. Playing strategies involve different betting styles.
Playing for one big win, or for several smaller wins, they way you bet will change. Sometimes it might be more lucrative to go for the smaller wins — and win several times.
Know which game to play and how to play it. Find out which jackpot is about to drop and make sure you know the rules of the slot game.
Basically, understand the risk involved in playing the specific game. Need help or advice? We've gathered some of the most popular questions about progressive jackpots and had our expert give some answers.
Progressive slots are like normal slot games but with one massive difference, there's a huge jackpot up for grabs. You can win millions on one spin of the reels and it's this giant jackpot potential that makes progressive slots such a hit with players at both land-based and online casinos.
All progressive jackpot slots work in a similar way to one another. The progressive jackpot carries on growing, getting bigger and bigger, until one lucky player wins it.
How you actually win the jackpot can vary from game to game but most slots have a special Jackpot Bonus Game where your progressive jackpot win will be revealed.
Playing progressive slots is identical to playing normal, non-jackpot slots. All you have to do is select how many lines you want to bet on, what your bet will be and then spin the reels.
If you're looking to win big, then yes. You can win one of three jackpots by opening shields during the bonus game and matching three jackpot symbols.
Overall, the game is incredibly popular, especially among Scandinavian players, and has an average return percentage of Almost all online and land-based casinos offer their customers attractive progressive jackpots.
At most sites, you will find at least 5 different progressive slots, while at some casinos, you can choose from over 30 titles by different providers.
There is a great variety of progressives that cater to all types of players and if you are looking for a good casino where you can play for the jackpot , stick to sites with larger and more diverse collections.
Of course, players who are new to online gambling or so far, have played at a limited number of gambling sites, would want a place which has an impeccable reputation.
Safety and reliability are extremely important, especially when it comes to betting on progressive games — players tend to make larger deposits and bets that are higher than usual.
In addition, you will need a trustworthy casino that will pay out the jackpot as quickly as possible no matter how huge it is. Speaking of jackpot payouts, players should also check whether the casino has a policy of limiting all withdrawals or there is an exception to the max cashout limit when a progressive jackpot is won.
Winning the jackpot is undoubtedly an incredible experience. But it is the huge jackpot of several million that will blow your mind and change your life forever.
It is an overwhelming experience for casinos, too. Often, they cannot afford to pay out such huge amounts of money. That is why jackpots, especially in online casinos, are usually paid out by the game developers.
The more important aspect of jackpot withdrawals, however, is how your winnings are paid. Many of the large brick-and-mortar casinos give players a choice — they can collect the entire amount of the prize at once, or they can receive annuities over the course of 10 or 20 years.
The majority of online casinos, if not all, have fixed cashout limits that are based on a weekly or a monthly basis. And while this is not a problem with little wins, it certainly becomes an issue when talking about jackpot withdrawals.
The reality is that retrieving a huge win from an online casino may take months and even years if the gambling operator maintains a strict withdrawal policy.
Fortunately for jackpot hunters, there are many casinos that do make an exception to this rule. They will pay you out in full if it is a progressive jackpot win.
There are not many strategies or systems you can use to improve your winning chances in progressive slots. One of the most important things, however, is to check what amount of money you need to bet in order to qualify for the jackpot.
Many progressives allow you to play for the big prize only when placing max bets or at least the maximum amount of coins. Different games have different rules, so before putting your money in a particular slot, you should check its pay table and rules.
For instance, some jackpots can be unlocked only when playing with max bets. But there are others which can be won during a randomly activated bonus game.
Furthermore, it is not usually necessary to bet the maximum amount possible or, often, to even bet any minimal amount above the minimum wager allowed by the software in order to win a "mystery jackpot" - although since it is a percentage of each wager that goes into the jackpot the odds of winning on a particular spin are usually in proportion to the amount of the bet.
Or, to put it another way, one spin for twenty dollars would have the same odds of winning the mystery jackpot as twenty spins for one dollar each would, and also the same odds of winning the jackpot as would four hundred spins for five cents each.
Often, such games have several "mystery jackpots" that usually differ by at least an order of magnitude both in terms of magnitude and frequency of payout, which can ensure that jackpots are seen to be won frequently often, many times per day in the case of relatively small jackpots.
From the house perspective, a key financial consideration of such jackpots is that the portion of players' wagers directed to the jackpot are, in essence, only funding the portion of the jackpot within its specified "range.
If the random number generator gives each value within the jackpot "range" an equal chance of being the "winning" value then under these conditions "seed money" from the house would likely account for over half of the jackpot's total funding, for which the house would presumably need to compensate by increasing the house edge of the main game.
To counteract this issue and increase the average amount wagered before each jackpot is won, the mathematical formula used to calculate each jackpot is often skewed in such a way that makes it likely the actual average and median jackpots will be well above the average of the published minimum and maximum values.
In some games such as video poker , blackjack , or Caribbean stud poker , it is possible to compute an optimal playing strategy based on the average payoff the amount of payoff times the chance of payoff.
When the progressive jackpot is less than the break-even point, there is a negative expected value house edge for all players.
In the long run, with optimal strategy, a player can profit by only playing progressive games when their jackpots are above the break-even point, although the "long run" can be quite long, tens of thousands of plays.
The break-even point cannot be easily calculated on a slot machine game, because the payback percentage for the game is normally unknown to the player.
The break-even point in poker-based games can be calculated because the payback percentage for the game is a function of the paybacks and odds of the poker hands, which is based on a standard card deck.
The return of a slot machine is based on the published paytable, but also on the normally unpublished reels. For a five-reel slot machine, the player would need to know each symbol on each of the slot machine's five reels in order to calculate the odds.
Currency plays a role, too — especially online. Many casinos let you play in multiple currencies, so the breakeven point and RTP can change depending on the currency you play in.
Figuring out the breakeven point is really only feasible for table games. Then cross reference that to a pay table. Good luck with that.
Good luck trying to find these games offline, though. There are teams of people who look for progressive games with a player advantage.
How are progressive jackpots paid out? Jackpots are usually paid by the game developer even though you may get paid directly from the casino.
Especially when you figure that linked progressives were built from customers playing at multiple casinos. Payments are usually made in one installment, on the spot.
But this depends on where you play, too — especially if you play online. It can take months, if not years. Lucky Red is one example I know of.