Progressive Slot Machines
There are many different types of slot machines, but one of the easiest way to breakdown categories of games is by determining whether or not it is a progressive. A progressive slot machine pays out more each time that a player spins, but does not win the jackpot. For example, if a machine has a $1,000.50 progressive meter, and you play one losing spin, the jackpot would then rise to $1,000.51, or another close figure. This is a very simple example of how progressive slots function.
Many slot machines, especially the most modern games, have multiple progressive jackpots in one. Games like Quick Hits, for example, have several tiers of jackpots. The lowest jackpot will be the easiest to hit, the highest will be the toughest to hit. You may need X amount of symbols to hit the lower progressive jackpot, and x+4 more symbols to win the highest progressive. Some games are more complex than others, however, and jackpots may be earned in different ways.
How Progressive Jackpots are Created
A progressive jackpot may seem confusing because of the large dollar amounts at hand. It doesn’t make much sense that a $2.50 Wheel of Fortune Slot would have a progressive payoff of $200,000 or more, but they frequently do. The common misconception is that this machine alone has collected over $200,000 in losing wagers that are now up for the taking, but this is not true. Instead, popular games like this are part of “linked” machines, usually across many casinos. If you are in Las Vegas, for example, all of the WOF spins may be pouring into the same pool of money. This is how the total jackpot size can be so large, even when the spin denominations are very small.
The actual amount that a progressive increases with each spin will be very small. The total increase will be as a percentage of your bet, combined with the house edge for the casino. If the expected win for the house on a $5 progressive slot spin is 7%, that would mean a 35 cent gain on every spin. Since it is a progressive, perhaps 2% is taken from this and contributed to the progressive jackpot total, in this case, 10 cents per spin. 10 cents per spin may not seem like a lot, but when there are millions of spins taking place across the US day in and day out, the total prize pool can rise quite rapidly.
How to Be Eligible for a Progressive Jackpot Win
The biggest caveat to being able to win a progressive slot machine jackpot is playing the max bet allowed. Almost every progressive slot requires that the player complete a max wager in order to potentially win the listed jackpot. Yes, this means that you will need to have a larger bankroll to play, but you will be sacrificing a lot of value by not betting.
While betting the maximum possible, you will be giving yourself the best chance at a positive return, regardless of how many actual dollars you are putting at risk. If you can not reasonably afford to place max bets on a progressive slot, we suggest to instead play an entirely different machine. You are chasing a low ceiling if you are placing wagers that do not have any way of potentially cashing in on the progressive jackpot. Progressives are available at virtually every wager limit though, so you can bump down in stakes and still enjoy the rush of a progressive machine, even if you can’t play at high stakes.
Fixed Jackpots vs. Progressive Jackpots
When you see a slot, you may notice a big potential win advertised at the top of the machine. For lower limit games, this might be $5,000, while for $25/spin games, it may be $100,000. Whatever the total may be, you shouldn’t confuse these slots with progressive machines. The total looks the same as it does on a running progress, but these numbers do not adjust; they are simply the max win possible on that particular machine, represented as dollars instead of credits.
Play Progressive Slots Online
The internet has allowed for progressive slots to get bigger than ever. Not only can online casinos connect their sites and networks to provide even bigger jackpots, but the accessibility and speed of online gambling means that jackpots will build at an excessively quick pace.
1.) Slots.lv Progressive Slots
Our recommendation for the best place to play progressive slots online is obvious. Accepting players from the United States, Slots.lv is a highly trusted brand that has a number of safe and convenient deposit methods, including bitcoin and credit/debit cards. Most importantly, however, is their selection of progressive slots. Slots.lv also has a mobile client that is routinely ranked among the best in the industry.
2.) Las Vegas USA Progressive Slots
Las Vegas USA has a very, very large library of slots. Since they are on the same network as other well known casinos like Vegas Casino Online and Sun Palace, they are able to build bigger progressive jackpots than most online casinos. In addition to this, they have a huge deposit bonus for new players, sitting at $3,000.
The largest progressive slot games are routinely found online, especially as brands develop with bigger and bigger player pools. In fact, the biggest slot machine win online happened in 2015, was worth over $20 million USD, and holds an official Guinness World Record for the feat. The biggest drawback to a big online casino slot win is found in receiving your winnings, but so long as you did not abuse any terms and conditions, you should have no issue being paid. We recommend playing online progressive slots because you will receive the most value for your play and will have the opportunity to win significantly bigger jackpots than are available in traditional casinos.