All Progressive Jackpots
So, what exactly are progressive slots and why is there such hype made about them? A progressive slot is a slot game – or sometimes a group of slot games – to which an accumulative jackpot is tied. The jackpot increases (accumulates) every time someone plays on the specific slot or on one of the slots in the group, regardless of the amount he/she bets. The hype made about progressive slots is generally due to the fact that jackpots often accumulate to the tune of six figures (millions)! When a jackpot is attached to a group of slots rather than a single slot, the games need not be hosted by a single casino. Microgaming’s Mega Moolah and Playtech’s Gold Rally are perfect examples in this regard. As this article is being written, the jackpots associated with these two progressive slots respectively stand at €1.03m and €3.11m and counting; fancy that! In these cases, playing at either one of the casinos hosting the particular progressive slot will cause the jackpot to increase. Once the jackpot is won, it will be reset to a predetermined minimum amount.
When a jackpot is attached to a group of progressive slots, it may be won through any of the slots in that group. Normally however, winning the jackpot would require winning with an optimal combination on one of the slots in the group, meaning that it would require a win with a maximum bet on the best possible line combination. This is not always the case however, as there are a few jackpots that one may win with a minimum bet. Talk about a cheap life changer! The popularity of progressive slots is ever increasing, probably because they offer the highest possible wins in the online casino gaming world.
What are Progressive Slots?
To counteract the massive jackpot occasionally dished out to a single lucky winner, the smaller, more regular pay-outs are comparatively less frequent when playing progressive slots than they are when playing regular video slots. So, regular video slots tend to pay out more frequently. However, despite the fact that regular video slots do dish out large pay-outs with maximum wins, there is absolutely no comparison to the ginormous pay-outs dished out by progressive slots when the jackpot is hit. Keep in mind that while the maximum pay-out on a regular video slot is fixed, the jackpot tied to progressive slots is accumulative. As long as it’s not won, just like a lottery, it keeps rising. This is because the house donates a proportion of its cut to the jackpot every time someone plays a progressive slot. While players will find scores of regular video slots to play at almost any online casino, progressive slots are not as common and are therefore more of a novelty to play.
There are three different types of progressive slots one would come across at online casinos. Here’s a breakdown:
a) The standalone slot: This is a single progressive slot machine offering a winnable jackpot that accumulates whenever any player spins its reels. Since this type of progressive slot does not form part of a group, the jackpot amount tied to it rises to a smaller degree and at a much slower rate.
b) The in-house progressive slot: This refers to a group of progressive slots tied to a single jackpot. Each of the slots in this group would be found within a single online casino or casino network. The casino or casino network that own the slots are referred to as the progressive slot’s ‘host’. Since this type of progressive slot is made up of a group of standalone slots, the jackpot amount tied to it rises to a larger degree and at a comparatively faster rate.
c) The network progressive slot: This refers to a standalone or group of progressive slots owned by a single network or software provider and spread over a number of different casinos. These tend to hand out the largest pay-outs of them all, with jackpots frequently running into the six figures. The examples given above (Microgaming’s Mega Moolah and Playtech’s Gold Rally) are network progressives.
Certainly not! Contrary to many circulating myths regarding online slots, all games are random, whether progressive or otherwise. Slots are a game of chance, and trust us, you want them to be so. That is why regulation is so stringent, and certification bodies so adamant on testing casinos’ Random Number Generators (RNGs) to ensure fairness. RNGs are computer programmes that use complex mathematical algorithms to ensure randomness in the outcome of – in our case – slot spins. It’s a total coin toss. The RNG selects a random symbol on the first reel, then the second, third and so forth to determine the outcome of each spin.
The payback on each slot (the percentage of a player’s money a slot returns on average) is only determined by the probability of hitting a winning combination on that slot, in conjunction with the pay-out for each of those combinations. In other words, how long it’s been since the last jackpot, whether the slot has been paying out frequently of late, what time of day it is, which casino you’re playing at and any other claim made as to when a slot is more likely to render a jackpot win, are all nothing but myths. Every spin has as much chance of rendering a jackpot win as any other. In fact, a jackpot could be won on two successive spins; needless to say, the second jackpot in such a case would pay out the aforementioned ‘predetermined minimum amount’, as the first win would reset the jackpot.
Get ready to Play Progressive Slots and Win a HUGE SUM
So, playing progressive slots can be a heck of a lot of fun and since casinos are all about the entertainment factor, playing progressive slots is a perfectly acceptable way of spending your time at an online casino. We only suggest that you inform yourself, so as not to be misled and disappointed; if you are, then it’s no longer about the fun is it? And remember this, playing online as opposed to playing in a land-based casino does NOT decrease your chances for a jackpot win. That is yet another easily dispelled myth one often hears being casually thrown about. May lady luck smile upon you and happy spinning!