Progressive Jackpots: What Are They And How Do You Win?
What Are Progressive Jackpots?
Progressive jackpots are gambling pay-outs where the grand prize increases in value each time the game is played with no winner.
The term “progressive” works here because until somebody wins the jackpot, the grand prize keeps increasing by a predetermined value.
So, if there is no winner today, the grand prize will be a lot more tomorrow and every other day until someone wins it.
How does this happen? A percentage of each passing day’s wagers is taken out and added to the jackpot to gradually increase its value. When the jackpot is eventually won, it resets back to a defined starting value for the next cycle of deposits until the next winner.
How To Win Progressive Jackpots
Progressive jackpots are so popular mainly because of the huge amounts of money you can win. It is a game of chance but also a game of skill, precision, and planning.
In-house progressive jackpots, in-chain progressive jackpots, and wide-area progressive jackpots are linked to a network and often pool to make one jackpot.
For instance, with wide-area progressives, the games in different casinos could run on the same platforms. As such, the bets and payouts all feed off the same jackpot pool.
Here, the odds are spread out, making it harder to win prizes.
On the other hand, standalone progressive jackpots offer better winning chances since they are not linked to other slot games. So, the more times people play these, the closer they get to winning.
There isn't a foolproof guide on how to win a progressive jackpot. But, in this article, we can show you some ways to increase your chances of winning.
5 Pro Tips For Winning Progressive Jackpots.
Meet The Qualifications
For some progressive jackpots, you must qualify to play. Understanding what is required to play is a vital part of finally winning.
For some progressive jackpots, you must wager the maximum number of credits to qualify to play. In this case, even if you hit the right combination but didn’t meet the maximum wager, you cannot win the jackpot.
So, you must find out if the progressive jackpot you wish to play has any specific criterion.
Play The Machine That Has The Highest Progressive
Machines with the highest progressive have more opportunities to win. It indicates that they pay out their jackpots quite often, and players go for them often as well.
By playing on these machines, there is a higher chance that the system eventually gets to its cash-out point and thus presents a winner. Also, when playing online, look for the most promising progressive jackpot sites.
Even with this, you are still playing a game of chance, only that you position yourself for better winning odds.
Play At The Maximum Bet To Increase Your Chances Of Winning
To increase your chances of winning a progressive jackpot, you have to play the maximum bet.
Most progressive jackpots have a wager below which you cannot win even if you hit the lucky combination. So, to avoid this disappointment, you must bet at the maximum.
This is unless, of course, you know the minimum wage. If you know the minimum, you can always bet at that level. That is if you are not willing to spend a lot of money aiming higher.
Play Towards The Maximum Limit Of That Jackpot
There is no way of determining the maximum limit of the progressive jackpot unless you’ve studied it for some time. So, it requires a lot of patience and careful observation.
Over time, you might be able to predict when the jackpot is about to hit its maximum. Then, you start playing.
Playing at this point means you could easily be the lucky winner. Each play brings the jackpot win even closer. You would play for a shorter amount of time, most likely spend less money but have better odds of winning.
Put In The Time
To increase your winning chances, you must increase your ratios within the system.
The more time you spend playing, the closer you get to winning the jackpot. The odds spin in the slot machine following the earlier tips.
Popular Progressive Jackpot Games
There are hundreds of progressive jackpot games available both online and offline. Here are a few of the best that you can try out. You can always find plenty of others at both physical and online casinos.
The pay-out amounts fluctuate periodically, which often affects each game's popularity at a given time. The most lucrative among these is the Mega Moolah Jackpot which previously had record wins of up to $13 million.
Casino Progressive Jackpots
- Wheel of Fortune
- Reel adventures
- Monopoly Money
- Millionaire 777s
Online Slots With Progressive Jackpots
- Mega Moolah
- Jackpot Cleopatra’s Gold
- Queen of the Pyramids
- Mega Jackpots
- Monster Madness
- Stars and Stripes
Drawbacks Of Progressive Slots
Low Payout Rates
Whereas casinos want you to win once in a while, this must be highly irregular; otherwise, it gets costly for them. Plus, portions of every bet go towards the final jackpot.
Since the final prize is the main deal, these games have a lower payout rate than others. You can expect to put in a lot of money before you can eventually win, that is IF you do.
Can Be Risky And Addictive
“The more you play, the higher your chances of winning” is the tagline progressive jackpots go by. The jackpot prize is the catch. So, the system might delay that win as long as necessary. It becomes easy to bet more than is healthy with the hope of hitting the big prize.
Slots with progressive jackpots are the most popular casino games and are now even in online casinos. It is mainly due to the huge amounts of cash available to win. Winners can earn up to millions in these jackpots.
Although it purely comes down to lots of luck, you can still play with strategy and confidence with some of the proven tips above.
They do not guarantee a win but will help you increase your odds, which is about as good as it gets.