What exactly are progressive jackpots?
Simply put, a “progressive jackpot” is a jackpot for a gaming machine (such as slots) in which the value of the payoff (or “jackpot”) increases by a small amount with each subsequent game played. These “progressive jackpots” are frequently linked to gaming machines, and as a result, several players at different machines play for the same jackpot and increase it each time they play.
How do they function?
The “jackpot” is usually listed as a monetary value on slot machines, and you can only win by achieving the combination with the highest payoff, whether that’s four cherries in a row on a slot machine or a “royal flush” on a video poker machine. The machine returns to its predetermined and designated minimum when the jackpot is won.
The difference between “progressive jackpots” is that the jackpot increases (progresses…) by a small amount each time a game is played on a connected machine. Instead of multiple players competing for a $5,000 or $10,000 jackpot at a single machine, each player increases the jackpot they’re playing for with each pull of the handle. Because progressive jackpots attract so many players, the “house” sets the amount the jackpot advances and is willing to contribute to some of the profit. In other words, because large jackpots attract so many players, they sacrifice some of their initial profit to make more later. Furthermore, you must generally play at the highest credit level to be eligible for a progressive jackpot.
What exactly does “qualifying” entail?
Even though, as previously stated, only players using the maximum number of credits “qualify” for the jackpot, all players contribute. As a result, a game that requires more credits to qualify for its jackpot will generally progress faster than one that requires less. Consider the following example to see how this is demonstrated: If one game requires 10 credits to be eligible for the jackpot while another only requires 5, more people may participate in the 5-credit game. They will select the 5-credit game because they believe 10 credits are too many to play with. If they usually only play with three credits, they may believe that an extra two aren’t a big deal and are well worth it when considering the possibility of winning the large jackpot. However, because there is such a significant difference between 3 and 10 credits, players are more likely to continue only playing with 3 credits at a 10-credit machine, thus continuously adding to the jackpot without ever having the chance to win it!
What does this all mean for me as a player?
To begin with, and this is the most apparent benefit, playing progressive jackpots provides the opportunity to win MUCH more significant sums of money if the right combination is struck. Although the player must use more credits than on standard machines, the more people who choose this route, the higher the winnings will eventually be, and you’ll be getting more “bang” for your buck. Furthermore, different casinos have different payout processes and minimum credit contributions. As always, it’s worth checking out a few different sites to see what they have to offer, what the jackpot is, and what credit amount is best for you.
Playing progressive jackpots vs. standard machines is ultimately a matter of personal preference. While there are some methods for increasing one’s advantage at progressive slots (such as “team” play, which many casinos forbid), the majority of these are either highly shady (= illegal) or simply theories. In the end, it’s still a game of chance, which is why it’s called gambling.