How Do You Win A Progressive Jackpot
If you a fan of the ever growing gambling trend, the times are changing, thelingo is changing, and slot machine mastery is changing!
For some jackpot games you have to make a max bet to get the chance of combining the progressive jackpot. Two examples are Major Millions (Microgaming) and Arabian Nights (Net Entertainment). If you play for a lower bet; you still win bigger, if the symbols are in the right place, but instead of winning the progressive jackpot; you will get a. The main difference between a local and polled progressive jackpot is the number of players contributing towards the ever-increasing pot. Local progressive jackpots are contributed to by the players at one casino and only players at that casino can win the jackpot. To win the progressive jackpot for Imperial Riches, players must first trigger “free falls” by hitting three scatter symbols, and then make it through the Lucky Pond Bonus Game. If three “jewels” are eaten by the bonus fish, the Jackpot Bonus Game is activated. To win the progressive jackpot, you need to be betting with five coins per spin and you need to land a silver 7, a red 7 and a blue 7 on the slot’s one and only payline in that order. Some slots, such as Mega Moolah (also by Microgaming) actually have more than one progressive jackpot. The bet on the progressive jackpot wins when a player gets a royal flush, but you can also win 10% of the progressive jackpot by getting a straight flush. This requires a side bet of a dollar. You’ll even find some blackjack games with a progressive side bet available.
There are so many different terms to winning today in casinos, often itleaves players breathless with wonder. Have you ever walked into a casino andnot understood the difference between a casino jackpot win? Orhave you ever just wondered what the difference is between a jackpot and aprogressive jackpot?
Let us give you some insight on the progressivejackpots.
WHAT IS A PROGRESSIVE SLOT JACKPOT?
Winning slots in a casino sometimes seems like a piece ofcake, while other times it seems that you have to develop a mastery ofthe slot machine.
There is some really good insider information that you may find helpful onprogressive slots. Progressive jackpot slots are theonly slot game that regularly offers millions of dollars plus jackpots.
How Do You Win A Progressive Jackpot Last Night
The whole idea to progressive slot machines is that apercentage of each bet placed would add to the jackpot prize. Thus, every betplayed would be added to the previous bets, making the jackpot grow. Everytime you spin the reel, or push the reel button, a percentage of your bet isadded to the jackpot, causing the jackpot to grow, and grow and grow. Theproblem with progressive jackpots is that they have a lowerpayout percentage than a standard slot machine jackpot.
PLAYING TIPS TO WIN PROGRESSIVE SLOT MACHINES
When playing progressive slot machines the best pay out isalways with the max bet allowed. This means, if the game says that the max betis 3 coins, you should play 3 coins. This is because when you win slots,you only win the maximum jackpot if you bet the max bet. If you do not play maxbet, your win could only be a third of what it should or could have been.
Most people like to play $1.00 or .25 slots. What could be worse thanbetting a half dollar on a one dollar slot and only winning $1000.00 when youcould have won the progressive jackpot of 100000.00!
If you like to play land based casinos, make sure that all the coins haveregistered and been accounted for before spinning your reel. Playing online isa little easier; just be sure to always hit the max bet option.
Some wonder if progressive slots are worth the money. The main thing to takeinto consideration is to know your budget. Progressivejackpots tend to have a lower payout record than other slotmachines. If you have a certain amount of money you are playing with,only play a portion towards progressive slots. This will helpyou keep some money to play other slot machines if your luckis not with you on the progressive slot machines with higherpay out odds.
Once a progressive jackpot is won, the meter usually resetsitself to the base jackpot amount. Most legitimate casinoswill give you information on when the last progressive jackpottook place, and for how much the win was for. CheckSlotland homepage for details.
WHERE TO FIND PROGRESSIVE SLOTS
Slot machines in casinos are making changes every day. Atone time, casinos were just pure walk in, walk out. Now you can take a spinfrom the privacy of your own home. Legitimate online casinosare becoming more and more popular. Not only can you find your favoriteslot machine in a regular casino, you can wander cyber spaceand find many of the same games online.
How Do You Win A Progressive Jackpot Winning
Whether you're looking for primary jackpots, secondary jackpots orprogressive slot jackpots, online casinos give you thepleasure of playing whenever you want. Linked progressive jackpots are nowcommon to both online and offline casinos.
LAST THOUGHTS ON SLOT GAMING
Playing at the casino can be fun, relaxing and relatively pain free. Youjust need to keep a few things in mind when doing so. Always know your limit.Playing slot machines should always be for entertainment only,not intended to use as an income. If you want to play progressive slotmachines, remember that you can give them a spin, but don't chase arainbow that is not guaranteed to win.
When it comes to slot machines, you have two broad categories. There are flat top slot machines, and there are progressive slot machines.
A flat-top slot machine is more common, and it’s a game where the top prize is a fixed amount. 1,000 coins is a common prize, but it varies by machine.
Progressive slot machines, on the other hand, have top prizes (jackpots) that grow over time until they’re hit. They can be compared to lottery games in that respect. You know how the lottery gets bigger every week if there was no winner the previous week? Hitting the progressive on jackpot on real money slot machines is just like that.
How Big Does the Jackpot Get on a Progressive Slot Machine?
How Do You Win A Progressive Jackpot
The obvious first question is, how big does the jackpot on a progressive slot machine get? The answer is that it varies based on the game.
You can find progressive jackpots that rival lottery prizes in size. The Megabucks slots in Nevada have the biggest progressive slot machine jackpot in the world. The jackpot starts at $10 million and grows until someone hits it.
When I wrote this post, the jackpot was at $15 million and growing. The biggest the jackpot ever got was in 2003, when it had risen to almost $40 million before getting hit. It’s also gotten as big as $35 million before being hit, too. But that’s on the outside end of the spectrum.
Progressive jackpots can also be much smaller, depending on the casino and the specific game. You can find plenty of progressive jackpots on the other end of the spectrum, too. Online progressives can be as low as $500 or $600.
The advantage to lower-sized progressive jackpots is that you’re more likely to win one. The odds of winning something like Megabucks are astronomically small.
What Does a Progressive Jackpot Do to the Expected Return?
How Do You Win A Progressive Jackpot Casino
If you’re not familiar with the expression, the “expected return” for a slot machine is the percentage of the money you get back in the long run when playing the machine. It’s expressed as a percentage, and it’s always less than 100%.
Here’s what that means: If you have a slot machine with an expected total return of 94%, you expect to get back 94 cents for every dollar you put into the machine.
If you’re an average slot machine player, you might make 500 spins per hour. If you’re playing for a dollar per spin, you’re putting $500 through the machine per hour.
94% of $500 is $470, which means you’ll lose an average of $30 per hour on that machine.
That’s no guarantee, by the way. That’s an average you can expect in the long run, over dozens of hours. In the short term, you might see an hour or a session where you were up $30 or even $300. You might see other hours or sessions where you lost $60 or $120 or even more. That’s why it’s random.
The Size of the Jackpot Has an Effect on the Actual Return
The actual return on a machine is the actual amount you get back. This is opposed to the theoretical return on the machine, which is what most people mean when they talk about expected return.
But when you’re dealing with a jackpot that has such a low probability of being hit, its theoretical return might as well be zero. After all, if the probability is so close to zero that you might not expect to hit it in a lifetime of play, it might as well not even count.
Megabucks is a good example. The odds of winning the jackpot are about 1 in 50,000,000. How long would it take to make 50,000,000 spins on Megabucks?
At 500 spins per hour, you’re looking at 100,000 hours of play. If you played Megabucks 40 hours a week for 50 weeks a year, you’d get in 2,000 hours of play. That’s 50 years of playing Megabucks as a full-time job.
No one I know would want to spend 50 years playing for that jackpot. So, you might as well subtract the expected value for the jackpot from the overall expected return for the game.
Usually, this means that the expected return for a big progressive jackpot is effectively lower than it would be if you were playing a flat top slot machine game.
What Kinds of Progressive Jackpot Slot Machines Are There?
I mentioned before that I like to categorize things, and I’ve found that categorizing progressive slot machines is easy. You have three types:
- Individual machines
- Local area-networked machines
- Wide area-networked machines
An individual machine with a progressive jackpot has a jackpot that grows as you play it. The jackpot also grows when someone else plays it. But it doesn’t grow when it’s not being played. A percentage of each bet “fuels” that jackpot, so the jackpot ticker doesn’t move when no one is playing the game.
It’s a jackpot ticket for an individual machine. Local area-networked machines are slot machines in a single casino and sometimes in the same bank where your play on any of the networked machines that fuels the jackpot. When someone on any of the networked machines wins, the jackpot resets to its original amount.
Generally, the gambling games with the biggest jackpots are wide area machines, and the games with the smallest jackpots are the individual machines.
What Happens When You Gamble and Win a Jackpot?
First, the machines don’t pay out immediately in coins when you win a progressive jackpot. Such a payoff would be impractical.
A flashing light usually goes off on a progressive jackpot machine when it’s hit, and a slot machine attendant will visit you. The casino will set things up for you so that you get paid. If it’s a huge jackpot like Megabucks, it’s similar to winning the lottery.
You don’t just get a check handed to you. But you do get paid. Also, keep in mind that gambling winnings are taxable income. The casino will provide you with an earnings report. You should keep a diary of your gambling expenses so that if you do win big, you can defray at least some of the taxes you owe with these expenses.
You can’t defray expenses unless you’re a winning player, though, and you can never claim more in losses than you’ve won in a calendar year.
This is true for any United States casinos, and it applies to any winnings at the casino over a specific amount. Small wins like $50 are no big deal and don’t get reported, but once you get into progressive jackpot territory, they definitely get reported.
How Do You Win Progressive Jackpot Casino Slot Machines?
There’s no magic trick to winning at progressive slots. They’re like the lottery. No amount of superstition or astrology can help you win. You just have to get lucky.
It also doesn’t matter where the slot machine is located in the casino. For years, people have suggested that the loosest slot machines are the ones nearest the walkways in the casinos, but that’s just one of the common casino myths. It might have had some basis in truth at one time. But as far as I know, no casino or casino manager makes it that easy to spot the “loose” progressive slots.
Conclusion
How Do You Win A Progressive Jackpot Today
Hitting the jackpot with progressive slot machines is something most of us will never achieve. If you do become a progressive jackpot winner, it will probably be on one of the games with the smaller jackpots—the individual machines.
Still, it’s fun to watch the jackpot ticker grow constantly, and it’s even more fun to daydream about what you’re going to do when you win all that money.