Progressive Jackpots are like winning the lottery – although you might come close several times in your life the chances are very low that you will ever win. If you do win, you can expect to receive an obscene payout that will keep you afloat financially for a long, long, time.
Video Slots are by far the most abundant slot game in every online casino’s repertoire, and just about every casino has a few slot machines that are progressive slots. These slots are almost always advertised prominently, especially once the progressive jackpot reaches a higher level – the bigger the jackpot the more people will flock to these games hoping to win big.
How the Progressive Jackpot is Determined
As the name implies Progressive Jackpots are dynamic and change over time. Progressive Jackpots are always set to a minimum amount so in the event that there is a winner it is not reset back to 0 – typically this can be anywhere from $10,000 to $100,000 or even more, depending on the casino and the game.
Once the minimum jackpot value is reset the counter starts ticking – for every bet made on that slot, a small percentage is added to the jackpot pool. Depending on the amount of players playing the slot, the progressive jackpot counter will steadily increase over time – the more bets, the faster the counter will increase. It is not uncommon to see some of the more popular jackpots increase by several dollars per minute, and because progressive jackpots are seldom won, the total amount you can win can be extremely high.
How to Win a Progressive Jackpot
Aside from needing an enormous amount of luck to win a progressive jackpot, you need to be aware of what you need to qualify to win. Although a portion every spin made on a progressive machine is added to the current total, some of these spins might not be eligible to win the jackpot even if they were to receive the required symbols. Every progressive video slot lists on their payout chart what is needed to qualify to win the progressive jackpot, so you know what symbols to be on the lookout for.
Some progressive slots have a fixed coin value, so to qualify you only need to bet max paylines. Other progressive slots allow you to choose how many coins to bet, and for these slots it is important to check the payout chart or ask support If there is a minimum bet dollar amount you need to make to qualify for winning the progressive jackpot – you do not want to be caught with a winning combination only to discover that you weren’t betting enough coins to qualify for the progressive jackpot. Typically max paylines is a requirement, but coin amount is something that you should always verify.
Partial Progressive Jackpots
Some progressive slot machines also have smaller jackpots in addition to the seven-figure ones. These are typically easier to win, but are for a much smaller amount – depending on how many symbols you need to match up they can be anywhere from a few thousand to around $100,000. They generally do not rise as high as six-figures as they are more easily won, but even these minor jackpots are a very nice payout.
Even if you never win a progressive jackpot, video slots in general have high payout percentages so it doesn’t mean that you are bound to lose if you do not hit a jackpot. It is very common to have fantastic non-jackpot payouts from progressive slots – they are video slots after all. The best advice we can give you is to make sure your betting amount is eligible to win the progressive jackpot, and play as normal – if you do get lucky and hit the jackpot it will be a pleasant surprise.
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