If you have been playing at online casinos for a while, you’ll notice that there are many different types of slot machines and different types of jackpots. All casinos have some kind of feature to attract players. It can be anything from free spins, wilds, different game plans or attractive progressive jackpots. It can also be a combination of several. The slot machines that has a casino jackpot as its feature usually consist of either a fixed jackpot or a progressive jackpot. A fixed jackpot is a jackpot that always has the same payout regardless of when it is published. A progressive jackpot is a jackpot that increases as the players play the slot. These are called Progressive Slots.
What is a Progressive Jackpot?
A progressive jackpot is a jackpot that increases as players play the slot. For each bet that a player makes a small percentage goes to the total progressive jackpot that one lucky winner will win. Progressive jackpots tend to be really big since there is no upper limit how high it can go. Once the jackpot has been won it will start over again. The jackpot doesn’t start at zero. There is a starting point called “seed“. It can vary between the different jackpots, such as Major Millions has a seed of $ 250,000 while Tunzamunni has a seed of $ 10,000.
What are the odds of winning a Progressive Jackpot?
The chance for a player to win a progressive jackpot is very small. Otherwise, the jackpot wouldn’t get so big. Only a small portion of each bet is placed in the total jackpot. If you first calculate the theoretical chance of getting the combination to win. For example, if the slot has 5 reels and each reel has 20 symbols where only one symbol is the progressive jackpots symbol. Your theoretical chance of getting five progressive jackpots symbols in a row is 20x20x20x20x20 which give you a chance of 1 in 3,200,000.
So the chance of getting the right combination is not that big. But of course, you can win big money on the way there as well. The RTP (Return To Player) on progressive jackpot slots are usually between 88-95%. That means that 88-95% of all the money goes back to the players. The RTP on slots with progressive jackpots is usually smaller than the slots without a progressive jackpot. This is because the small percent that goes to the progressive jackpot, and in the end, it will end up in a lucky players pocket!
Progressive Jackpots Software
It requires a top notch developer to develop the software used in progressive jackpots slots. The big software suppliers have different ideas of how the progressive slots should look like and behave. It’s no coincidence that NetEnt is one of the biggest premium suppliers on the market 2017. They offer popular progressive jackpots slots like Arabian Nights, Mega Fortune Dreams and Hall of Gods. Of course, Microgaming is not far behind with the popular Mega Moolah and old favorite Major Millions. Playtech has done a great job lately and is catching up, but still far behind. Although, Gladiator Slot was a favorite among many players. And last but not least, IGT which has a big progressive jackpot on Mega Jackpots.
Get a bonus on a progressive jackpot slot
It’s far from all online casinos that offer a direct bonus on a progressive slot. To get a progressive jackpot bonus you have to aim for a deposit bonus and use the casino bonus you get on the progressive slots. You can use your deposit bonus by playing any slot, but finding free spins at the progressive games are not common, with one exception. Mega Fortune is one of the most popular progressive slots and has crowned many millionaires since its start. On this particular slot, you can find free spins at many online casinos.
Other progressive games
You will find progressive jackpots on both classic slots and the fancy video slots. A specific progressive jackpot is limited to just that game. But progressive jackpots are not limited to only slots. You’ll find plenty of progressive jackpots on other games including poker and table games. A “Bad Beat” jackpot in poker can be progressive. The whole poker game changes when a player at any time can put down his hand, hoping to win the jackpot. You’ll also find progressive jackpots in card games like Caribbean Stud Poker and Triple Sevens Blackjack.
Different types of Jackpots
Just as there are different types of progressive slot machines, there are different types of progressive jackpots. When you play at online casinos and find a progressive slot machine, you can expect that its progressive jackpots are shared with the other online casinos that offer that particular slot. Since it is the provider of the slot that in most cases manage the distribution of the jackpot, the jackpot is therefore limited not to one casino but to the actual slot machine. So every player, regardless of the casino, playing at the slot machine has an equal chance of winning the progressive jackpot.
If you go and visit a land based casino, you can find other types of progressive jackpots. It can be a progressive jackpot that only applies within the casino you visit, or between some few other casinos. It may be that several casinos have the same owner and the owner chooses to share a progressive jackpot among all of their casinos.
Tips on how you can win a progressive jackpot
There are statistics on players who have won a progressive jackpot just minutes after they have registered with a casino. It is thus completely random who will win the life-changing jackpot. You have as much chance as anyone else, no matter how long you’ve been playing. And there is nothing that says there is more chance to win a progressive jackpot that has been active for long. A progressive jackpot may be won just anytime, after a week or after 2 years.
One tip is to choose a progressive slot machine that you think is funny, ensure that it has an “auto” function so you do not have to click each spin. Then sit back with popcorn in your arms. But remember that there is no short-term gain in the game. Never play for more money than you can afford to lose because you have no guarantee that you will ever get that money back!
You have probably heard the term “Jackpot Hunter” but didn’t really know what it meant. Well, the Jackpot Hunter only cares about the money. And to get rich on online slots, you have to go for the big jackpots – Progressive Jackpots. This is exactly what a Jackpot Hunter does. He or she doesn’t really care about the casino itself, more than it should be smooth to handle deposits and withdrawals. We´ve talked to several progressive jackpot hunters over the years, and they have one common strategy – press the Auto button and relax. One the progressive jackpot is triggered, they will go to the next progressive slot.