In both land and online casinos, progressive jackpots have become increasingly popular. The temptation to win thousands or even millions of dollars in a juicy prize is very attractive, but what are the chances of this happening? Below we are going to offer you an interesting guide that will help you get to know these magnificent prizes a little better.
WHAT ARE PROGRESSIVE SLOTS JACKPOTS?
First of all, we must know what these types of earnings are, since it is possible that many of our visitors are unaware of this concept. Progressive jackpots are prizes that work by taking a proportion of each of the bets placed on a group of interconnected slots and adding it to the jackpot amount.
This, as we have pointed out, is generally taken from several slot machines at the same time, so many players can be in the same game at the same time, even in different casinos, contributing directly to increasing the same prize.
Many casinos and developers can even take this one step further and link jackpots to different title slots. In other words, it is possible that the same developer may link several of their titles to accumulate a common pot. This would mean that a percentage of what was wagered on different slot machines would accumulate to distribute a single jackpot.
This type of system can lead to some truly amazing jackpots, but as you may have already anticipated, the odds of winning this incredible prize are much lower than other regular prizes.
HOW CAN YOU WIN THE PROGRESSIVE JACKPOT OF A SLOT MACHINE?
Despite being very complicated, the more so than winning a prize in the National Lottery, getting the maximum prize is not much different from doing it in other casino games or slot machines. There may be random prizes, which can happen at any spin; Or you can follow the usual symbol combinations or prizes from the game’s bonus round.
For those seeking a magic system or strategy, we must tell you that this does not exist. An important thing to keep in mind with progressive jackpots is that they do not expire, that is, the prize accumulates and continues to grow until it comes out. Mind you, or matter how big the jackpot is – the chances of winning are slim.
It is possible to calculate, in any case, the so-called ‘balance point’. This is the time when the accumulated pot has grown so large that there is now a somewhat greater advantage for each bet that is made.
The odds are increasingly in favor of making every bet profitable, but that doesn’t mean you can win that prize. We are talking about similar odds of winning the lottery as we have said before, even if you buy more than one ticket per week.
The best advice we can give you is to learn how to play a particular slot and make sure you are aware of the minimum bet required. There is nothing more heartbreaking than having the winning combination, only to realize that you only wagered insufficient credits to qualify for the pot.
DO THESE REWARDS REALLY PAY PROGRESSIVE SLOTS?
Realistically, how often do progressive rewards pay? What probabilities are we talking about? Well, well, this will always depend on the casino you are playing in and the slot machine you are participating in. Although there are slots that can pay up to $ 10 million, there are others that have awarded bettors $ 1 million.
If you have some knowledge of math, there is a rough way to calculate the odds of winning, based on the number of reels, symbols, and how the pot is fired.
For example, for a 5 reel board with 20 symbols total, a jackpot symbol accumulated, and the progressive jackpot earned by aligning all the symbols on the pot, the odds would be 20 x 20 x 20 x 20 x 20, which equals 1 in 3.2 million chances to win
Finally, you should be aware that progressive jackpots can offer an extra level of excitement to your game, but don’t forget that you often need to wager a lot of money and over a long period of time to have a decent chance of winning.