The progressive jackpot slot is one of the most thrilling categories of online casino slots. These games have become very popular thanks to the chance they offer players to win enormous and life-changing amounts. Depending on the game type, their potential payout often amounts to millions, and that’s from a single spin. But what are these slots, and how do they work? Keep reading this article to find out.
What Are Progressive Jackpot Slots?
Progressive jackpot slots have been in play since the 1980s. Their mode of operation is mostly similar to regular slot games, but there is a key difference —the prize. These games feature a jackpot prize that increases each time the game is played, and no one wins. Hence, they offer unfixed and often uncapped potential earnings to the winner.
How Do Progressive Jackpot Slots Work?
The mega wins that progressive jackpots offer do not come by chance. These slots follow a closely monitored model to ensure the possibility of huge wins. Let’s take a look at how they work.
A New Pot
After a player wins the mega prize, the progressive jackpot resets. However, this does not mean that the jackpots start from zero. After all, no player would want to start a jackpot that has nothing in its pot. Hence, a new progressive jackpot starts with a “ Seed amount.” This amount varies and is determined by the casino or game developer. The amount is often a fixed prize that is put into the pot after a win.
A Growing Jackpot
With the seed amount in the pot, the next phase is to grow the jackpot. Progressive jackpot slots work on a percentage model each time you play your favorite game. A small portion of your bet or coin is set aside to fill the progressive pots. Hence, the more you play, the larger the pot gets. Some games take about 3% of your bet to fill up the pots.
The contribution model of progressive jackpot slots means that the longer there fails to be a winner, the higher the potential prize. So, not having a winner for a long time means there’s a probability for the game to land you life-changing wins.
The Mega Prize
The progressive jackpot continues to rise with each play and bet until it is won. The prize can differ depending on the slot game type but can go up to millions. When a player wins, the jackpot returns to the seed amount level.
How to Win a Progressive Jackpot
Unlike skill-based casino games like poker and blackjack, winning in slots, including progressive jackpot games, is mostly dependent on luck. Generally, slot games operate on Random Number Generators (RNGs), a technology that ensures that the outcome of each spin is completely random. This system provides every player with an equal chance at winning by making it impossible to predict or manipulate results.
However, there are still certain tips you can implement to maximize your chances. Firstly, you must understand that most progressive jackpot slots require players to place the maximum bet amount before they stand a chance of winning the full pot. Next, manage your bankroll wisely and set a budget so you don’t overspend. This tip also helps you play for a longer time and increase your chances of hitting a winning combination. Also, ensure you understand the specific mechanisms and requirements of the games you play, including RTP averages, odds of winning, etc.
Additionally, ensure you take advantage of online casino bonuses to enhance your bankroll and increase your chances of winning. Lastly, prioritize games from renowned providers and only play at reputable casinos. You can click here for the best progressive jackpot slots to play.
Types of Progressive Jackpot Slots
There are several types of progressive jackpots, and understanding the differences can help players choose the games that best suit their goals. Let’s explore three popular variations:
Game Jackpot
A standalone progressive slot is limited to a single machine. The jackpot increases only based on bets placed on that particular slot. This type offers the lowest possible prize since fewer bets contribute to the prize pool, but they still offer substantial wins compared to standard slots.
Network Jackpot
Network Jackpot combines a host of different slots. These slots are connected through a network-wide system across all platforms. Their prize pool grows based on all the players wagering on these linked machines, resulting in substantial potential wins. Network Jackpots are connected to the most popular games and are available across various online casinos.
Timed or Hot Drop Jackpots
Some online casinos offer players the chance to win small and medium progressive jackpots with daily wins. These progressive pots are set to pay out at a random preset time every day. In some other variations, they pay out when the pot reaches a random amount. These preset parameters can trigger a jackpot for the lucky player.
Conclusion
Progressive jackpot slots offer a unique blend of excitement, entertainment, and the potential for mega wins. These games have gained popularity over the years for their ability to turn just one regular spin into a life-changing payout. Now that you understand how they work, you can pick the type that suits your taste and try your luck for the win!
