One of the most popular kinds of casino games at many online casinos is progressive jackpots, not only online, but slots of all kinds are also the most popular choice at land-based casinos, too. And for a good reason – the rules are simple and anyone could play. These games don’t require advanced skills or strategy to win.
Slots come in many different reel configurations, win lines, and themes. Hence, they can really cater to any preference. But one of the most appealing types of slots is, indeed, arguably progressive jackpot games. Unlike the standard online slots, they can deliver massive prizes. Read our complete guide to progressive jackpots to learn all about them and begin your journey to winning thousands.
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What are Progressive Jackpots?
There is a significant difference between a standard jackpot and a progressive jackpot game. With the standard jackpot, there is a fixed amount of money you can win. Regardless of how many times you plat, the jackpot prize will not increase or decrease. However, you can win the standard jackpots more frequently even though the amount is smaller.
On the other hand, a progressive jackpot game’s prize gets bigger as more people play the slot game. Moreover, in these casino games, the jackpot itself doesn’t have a maximum limit. In addition, with progressive jackpots, the chances of winning get bigger as the prize amount increases. So in essence, there is no limit to the final amount and it will keep increasing until someone wins the jackpot. Moreover, you don’t have to risk a lot of money or apply skills or a strategy to win. Hence if you’re lucky, small stakes could potentially bring you lots of cash.
How the Game Works
Before you start playing your favorite progressive jackpot game, it is vital to understand how it works. In this case, the prize accumulates over time until a lucky winner comes about. After that, it resets to a standard starting amount which continues to build up. Basically, the jackpot increases by taking a percentage from every wager you make on the game. Of course, the stiff competition among players is one of the reasons why these slots pay out large sums of money.
For example, if you are wagering $1 per spin, the casino may take $0.07 to contribute to the progressive jackpot. But if the wager is bigger, naturally a bigger sum is taken. However, before you start playing you must meet several terms and conditions. In some cases, you must play the maximum bet or place a special bet. Moreover, progressive jackpot games follow the rules of regular slot games, however, they have bigger payouts.
Winning at Progressive Jackpot Slots
When you play progressive jackpot games, you will notice that when the prize is won will vary from one slot machine to another. In other words, each slot has its own specific mechanics of winning. Depending on the game, the jackpot may be randomly awarded after any spin with a weighting factor based on the coin size. Alternatively, some jackpots are awarded after spinning a combination of jackpot symbols. Or the win can happen as the result of a bonus round. Regardless of the winning mechanics, it’s all about luck as the results are always completely random.
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Odds, House Edge and Return to Player
You can find and play progressive jackpot games at many different online casinos. However, the pot is always kept and paid out by the game developer. When and how the jackpot is won, also largely depends on the software provider.
Calculating Odds
To calculate the actual odds of winning the progressive jackpot prize, you must look at how many reels symbols there are. Additionally, you should consider how the jackpot prize activates. Especially since the variable will vary from one game to another.
For example, let’s say a slot game has 5 reels and 10 symbols with one winning set. In order for you to win the jackpot in that case, you’d have to get that very combination. So the real odds of winning would be 20x20x20x20x20. That is equal to a chance of 1 in 3,200,000 of symbols matching on the lines.
RTP
Sometimes the Return to Player percentage includes the payout of the progressive jackpot. In that case, the expected RTP for each spin will vary depending on the jackpot value, which also changes. In addition, the actual RTP may vary over time depending on how often the jackpot falls.
Generally, progressive jackpot games come with a return to player percentage of between 90% and 97%. In other words, the payout is slightly lower in comparison to other standard online slot games.
House Edge
The remaining amount from each wager, after the RTP goes towards the jackpot sum, is the house edge. So what house edge really is, is the profit that the casino earns from each bet. Of course, the lower it is, the better for you. Sometimes the house edge could be just a few percent or it could be much larger.
Types of Progressive Jackpots
It is every slot fanatic’s dream to play at a casino and win the coveted progressive jackpot game. However, one thing that everyone knows is that these types of games are very elusive. The truth is that the chances of winning are minimal in progressive jackpot games. But at the same time, that chance varies with each type of progressive jackpot games. There are three main types – stand-alone progressive slots, local progressive slots, and wide area network progressive slots.
Standalone Progressive Jackpots
This is the most basic and popular type of progressive jackpots. You can find it in almost every Singaporean online casino. As the name suggests, the ‘Standalone’ games are not connected to other online slots.
In order to acquire a massive jackpot amount, the game cuts a percentage of all bets placed on it. But regardless, the amount you can win will be slightly lower in comparison to other types of progressive jackpots.
Local Progressive Jackpots
The local progressive jackpot is the second most popular type on the market. Of course, as the name suggests, this type only applies to online slots that are available at a specific casino. Some online casinos may offer a few slots that are locally connected and share an accumulated amount. Normally, the expected amount with this type of jackpot is between $10,000 and $100,000.
Wide Area Network Progressive Jackpots
Wide area network progressive jackpots involve massive amounts and they are advertised as the mega-money makers. Unlike other progressive jackpots, this type usually has a broader network of connected online slots that run independently. Some online casinos with these games even have a share of the profits. Nonetheless, wide area network progressive jackpots come with some limitations. And more specifically, a low Return to Player (RTP) and a wide winning frequency.
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Tips for Playing Progressive Jackpots
There is no specific strategy that can increase your chances of winning progressive jackpot slots. Nevertheless, there are some things that you can still do. In order to boost the chances of winning, these few tips may come in handy:
- Use the ‘Max Bet’ button when playing progressive jackpot slot games.
- Focus on progressive slots with high return to player (RTP) percentages.
- Read and understand the game rules before you start playing for real money.
- Play slot games that promise a decent chance of landing the progressive jackpot.
- Take advantage of casino bonuses and use them correctly.
- Learn bankroll management skills before you start playing.
Conclusion
Progressive jackpot games provide a great opportunity to diversify your online gaming experience. Also, you get a chance of winning life-changing prizes. Playing these games in not only rewarding but extremely entertaining as well. Moreover, the rules are just as simple as with other slots.
Even though progressive jackpot games have a lower return to player percentage, they pay handsomely to the lucky ones. However, every punter should be aware of the terms and conditions. Whether the requirements are favorable for players largely depends on the casino. Have a look at top online casinos for Singaporean players and find the right slots destination for you.
FAQ
There is no sure way to tell how often a progressive jackpot may occur. The best thing is to look at the history of the game.
The biggest jackpots today are Microgaming’s Mega Moolah slot (94% RTP) and NetEnt’s Mega Fortune slot (96%). Each slot game is unique and comes with lucrative features to boost your winning opportunities.
You can win a progressive jackpot if you are lucky and keep in mind several tips, such as setting a budget, playing with the ‘Max Bet’, and practicing the game in free mode first.
There are many software companies that create progressive jackpot games. The largest jackpots today come from products of NetEnt and Microgaming.
The odds of winning will vary from one progressive jackpot to another, depending on various factors like the number of paylines, reels, the RTP, and more.
Absolutely, you can enjoy your favorite progressive jackpot game from almost any mobile device, progressive jackpots as any other casino games are represented at mobile casinos, they are fully responsive or have special apps for various mobile platforms.
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