All You Need to Know About Progressive Jackpot Slots
Gambling is famously known as a way to get rich quick. A common scene in movies and advertisements is a person staring at a slot machine, shocked. The screen shows ‘JACKPOT!’ and thousands of coins or dollars come pouring out of the machine. Even if that is a bit dramatic, it happens in real life.
Progressive slots are one of the most played types of slot games out there. Many players exclusively play progressive slots, hoping to get one of the jackpot wins. The odds are very slim, but it is worth a life-changing amount of money. Most online casino sites in the UK offer several different progressive slots games.
To learn more about these games and the best sites for progressive slots free online, keep reading!
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What are Progressive Slots and How to Play It?
At first glance, progressive slots appear to be identical to normal slot games. They have a number of reels and rows. When you press the ‘Spin’ button, the reels spin to give out a random number of symbols. If 3 or more symbols appear along a payline, the player gets a payout based on their stake. Some symbols are rarer than others and so give higher payouts.
The overall gameplay of a progressive slot game is extremely simple and easy to learn. The only difference is in the rewards. On top of the normal payouts, online progressive slots have the Progressive Jackpot payout.
How to get progressive slots jackpots is a question that varies from game to game. Most of the time, it involves fulfilling a bonus game or condition. Alternatively, you can get it from an extremely rare payline. So, before you start playing your progressive slot game of choice, check the gameplay rules to find out how to achieve the jackpot.
Different Types of Progressive Jackpots
Progressive Jackpot slots are not all the same. There are several varieties of them. Different progressive slots online have a different way of setting up the jackpot payout. However, all of them have one thing in common: the jackpot is made up of players contributing a small portion of their wagers to it.
Game Progressive Jackpots
In these progressive slots, the game itself has a minimum jackpot payout of its own. This jackpot increases as players wager on the game and contribute to it. So, game progressive jackpot slots are always attractive to play.
Tiered Jackpots
Tiered jackpot progressive slots have multiple tiers of payouts. For example, it could have a mini jackpot, medium jackpot and grand jackpot. The mini jackpot pays out a small fraction of the total, but also has a higher chance compared to the bigger ones.
Network Progressive Jackpots
Network Progressive jackpot slots are games networked across many different legit online casinos. So, many players from different online casinos all over the world contribute to one progressive slots jackpot. Network progressive jackpots tend to have the biggest payouts.
How Big Can Progressive Jackpots Get?
Some of you might be wondering just how big progressive jackpots can get. There is no actual fixed limit to them. As long as nobody wins the jackpot, it can get bigger and bigger. The biggest jackpot in history was over 19 million Euros – equal to almost 17 million GBP.
Why is Mega Moolah so popular?
Mega Moolah is a tiered progressive jackpot slots game with Mini, Minor, Major and Mega Jackpots. It is also networked. The Mega Jackpot always has a minimum payout of 1 million, so the game is always enticing to players looking to win the jackpot. Finally, the gameplay is quite good, as expected from a Microgaming title.
3 Tips to Win Progressive Slot Machines
By now, you must be interested in playing progressive slot machines online. Winning the jackpot is a difficult affair that requires a lot of time, money and luck. So, here are a few tips and tricks to help you win the progressive slots game of your choice and hopefully earn the jackpot!
Determine Volatility of Slots
First, determine the volatility of the progressive slots. A low volatility game will have winning paylines regularly, but the value of each win will be low. A high volatility game pays out rarely but gives a lot of money when it actually does. If you are going to be making a lot of spins, a low-mid volatility game is usually better.
Research For Latest Jackpot Wins
Research the latest jackpot wins to see which progressive slots games pay out most often. A game that pays out commonly may not be the best option, since the jackpot amount will be small. There are a lot of online progressive slots to pick from, so choose carefully.
Stick to a Budget
It is easy to go over budget when spinning and start losing more money than you can afford. Always stick to a budget. If you have lost the whole budget, it might be a good idea to stop for now and try again later when your luck is better.
Progressive vs Classic Jackpot Slots
The key difference between progressive and classic jackpot slots is that in classic games, the jackpot is fixed. For example, in a classic jackpot slot, the jackpot will be something like 2000x or 5000x the bet amount.
This is not a huge payout, really. If the bet amount was 0.10, then the payout will be only 200 or 500. Even if the player enters the maximum bet amount – say, 100, the payout will be 20,000.
Progressive slot jackpots are way bigger than that. A big jackpot can easily pay out hundreds of thousands at least. Some of them go up to millions. So, while classic jackpot slots might have better odds of winning, progressive jackpot slots are more rewarding.
Pros And Cons of Playing Progressive Slots
Like everything else, there are advantages and disadvantages to playing Progressive Slots. Before playing progressive slots online, weigh the pros and cons and see if it is worth your time.
Pros:
- There is the potential to win massive, life-changing jackpots.
- In tiered progressive jackpot slots, the smaller jackpots are still very valuable and have better odds.
- Progressive slots games are extremely fast and simple compared to other online casino games.
Cons:
- The average return of progressive slots games is lower than that of normal slots.
Frequently Asked Questions
How do progressive jackpots work?
Progressive jackpots pool a jackpot by taking a small portion of each wager from a player. Hundreds and thousands of players contribute to the jackpot together.
Do you need to play maximum bet to qualify for a progressive jackpot?
Sometimes. It depends on the game. You can read the rules of a particular progressive slot game from the in-game menu to confirm this.
How often do progressive jackpots hit?
Most progressive jackpots hit once every few months on average.
