Do you know what are progressive jackpot slots? It’s no surprise that progressive slots are the most popular type of slot at online casinos, with jackpots that can reach millions of pounds.
In this article, we’ll look at how progressive slots work, how to play them, how to win a jackpot, and which progressive slots are the best.
Related Topic: Slot Game Tips For Beginners
What Are Progressive Jackpot Slots Actually?
Progressive slots are a type of slot machine that has a large additional prize pool that keeps growing with each spin of the reels.
The jackpot prize in these games is called progressive because it is not fixed – it increases with each bet placed until it is won. Some progressive jackpots payout automatically when they reach a certain size, but the majority are uncapped and can theoretically grow in size until someone wins it.
Progressive jackpot slots are only differentiated from the rest of the slots universe by their huge payouts. Some slots are dedicated progressives, while others are simply re-imagined versions of existing games linked to a jackpot network.
However, casinos and game developers wanted to find a way to offer larger prizes without having to put up the money.
A clever game designer realized that getting players to fund the jackpots themselves, through a process known as stake contribution, would result in larger prize money. These would entice more players to fund larger and larger jackpots, and so on!
This innovation basically includes millions of players contributing a few pence each in order for one of you to become a millionaire, similar to a lottery.
How The Progressive Jackpot Work?
Let’s answer that question by looking under the hood of these casino games and examining the model that allows for such massive payouts.
1. The Contribution
A small portion of every bet you place is shifted to a separate pot, which is used to fund the jackpot or jackpots. When you play any Red Tiger slot with the Daily Jackpots feature, around 3% of your bet goes towards the jackpot pool, whereas IGT’s MegaJackpots take around 2.3 percent.
2. The Seed
What happens if someone wins the lottery, and why does it not begin at zero? No one would play a slot with a jackpot of $0 or $10, so progressive jackpots have to start somewhere.
That amount is known as the seed, and it is guaranteed by the casino or game developer. For example, IGT’s MegaJackpotsTM prize pool is seeded at $500,000.
3. The Prize
A progressive jackpot is one that grows in size as the game is played until it is won. The multi-million-pound progressive jackpots get all the attention, but progressive slots come in all shapes and sizes, with some having their own progressive jackpots of less than a thousand dollars.
IGT’s MegaJackpots games have paid out an average jackpot of $846,000, with a jackpot win occurring every 10 weeks.
How to Win The Progressive Slot?
Fortunately, if you know how to play online slots, you already have the skills necessary to win a progressive jackpot. It’s all down to chance, so choose your stake, spin, and go!
But how does the game know when it’s time to pay? Let’s get technical and look at how these unique slots distribute their largest payouts.
Since the 1980s, progressive slots have been around. The jackpot win is just another line in the slot’s math model, so it’s controlled randomly like the other slot prizes.
The slot’s maths design includes a win condition for the jackpot. It can be a fixed probability event (for example, 1 in 6.43 million spins), a randomly selected time, the total staked across all slots, or the jackpot size.
The jackpot event’s design is chosen by the slot provider, and the rest is handled by the random number generator rooted in the game software. That’s how the slot’s software determines when a jackpot is won. What happens on screen, however, varies from game to game.
You had to match special symbols on a payline in the early days of progressive jackpots. In most 21st-century progressive jackpot slots, a bonus game will be triggered first. You won’t always get the biggest jackpot, and you might not get any of the tiered jackpots at all.
In the end, you have understood what are progressive jackpot slots. If you want to play other games which have good jackpots too, you can try Vikings Go Berzerk, Crazy Farm Race, Dubya Fruit Machine, and Bees Buzz. Good luck and bet wisely!