A progressive jackpot is a grand prize that grows each time the game is played, but the jackpot isn’t won. Once won, the jackpot begins again at a determined number and grows again until it is paid out. It has the potential to grow into the millions of dollars range over time.
Usually found in slot games, they can also be in video poker and bingo games.
Progressive Jackpot Games and How They Work
As players place wagers on their favorite progressive jackpot game like a slot title, a small portion of each bet is added to the jackpot pool. The more people play the progressive games, the faster the jackpot grows and the larger it becomes. It grows until a very lucky bettor wins it, and then it resets to its minimum value.
With the internet’s interconnectivity, progressive jackpots online are likely made up of thousands of multiple connected casinos, all adding to the same pool.
Different Types of Jackpots
There are three main types of progressive jackpots, which we’ll look at below.
The standalone progressive was the first type to come out. The casino game isn’t linked to other games meaning every player’s wager on that specific machine contributes to the standalone jackpot linked to that game. This type of jackpot grows slowly and isn’t big. Currently, the standalone progressive isn’t one of the commonly available game features online. But it is still found in some brick and mortar casinos.
Land-Based Casino Progressive
Several progressive slot machine games within the casino are linked together to create a local progressive. Usually, between ten and 100 machines or progressive games are linked but always in the same casino. The jackpot grows faster than the standalone, but the grand prize isn’t that big. Some online casinos use local progressive jackpots, but it’s mostly found in brick and mortar casinos.
Wide Area Network Progressive
This type of jackpot links together multiple machines from a wide area of casinos worldwide. Wide area network progressives are found at both online casinos and brick and mortar ones.
If you’re looking for some life-changing winnings and bagging millions of dollars playing games like slots and bingo, then lookout for this type of progressive.
Progressive Jackpot Tips and Tricks
The odds of winning a progressive jackpot are pretty small, but you never know; you might be the lucky gambles that wins. To boost your chances, here are some tips and tricks you can use
Firstly, players should look for games with the highest payout percentage (the amount of money paid back to a player). A 98% payout percentage means that for every $1 wagered, you get $0.98. Therefore, the higher the payout percentage, the better your chances of winning.
Secondly, before you begin playing, make sure you understand the fine print of the online casino you choose. Usually, online gambling sites will have a withdrawal limit, which will prevent you from withdrawing large sums of money at once. However, find out if your casino has made any exceptions for withdrawals. Some casinos allow for that.
There is a possibility that you will be required to place the maximum bet possible. This is a requirement of some casinos for you to qualify to win the full jackpot.
Pick progressive games that have higher than usual prize pools online. You want to win as much as possible.
Finally, make a budget and stick to your estimates. Also, set a limit on how much you’re going to spend chasing the progressive jackpot and the time you’ll spend on it.