As many of you might have noticed that casinos usually announce different jackpot standings frequently and then there’s the progressive jackpot. The network of games takes a small amount of percentage of the wager to increase the jackpot which results to these games having much bigger prizes compared to other jackpots. This type of jackpot usually ranges from $500,000 to $1M but what exactly is this type of jackpot?
This jackpot is funded by different machines in a casino and it can be won one round in any of the machines that support it. In a more casino terminology, there are numerous slot machines that fund the pool money with each transaction. In an instance, there are 20 slot machines that support the jackpot which means that the growth of the jackpot is increased 20x. The good thing about playing a progressive slot is that the pot prize will increase over time to no limit while other slot machines have a fixed jackpot prize.
The payout percentage of each machine is the reason behind the growth of the progressive jackpot without even including the total amount subtracted in each transaction and that is why the progressive machines have lower payout percentages compared to non-progressive machines.
The amount of the jackpot is usually shown a meter that has a money value. The meter is usually in big LED screens that are usually on top of the slot machines. In most cases the jackpot can only be won with the highest payout percentage of a combination.
To qualify for the jackpot, a player must wager the maximum number of credits per round. In an instance that a player will go for a 10 credit, it will qualify that round to the progressive jackpot and it will tend to raise the progressive jackpot to higher levels.
There is no known strategy to increase the winning chances on a progressive slot machine. It has the same odds of when playing a lottery which adds to the excitement when playing a game.
Progressive Jackpot machines are mostly hard to play compared with the normal slot machines because of the lowered payout percentages and playing the Progressive machines require more overheads. The probability or chance of even winning the jackpot is lower than the non-progressive machines. So the question remains, are you going to make it in time for the huge win or stick with the traditional non-progressive machines?