Progressive Slot Machine – The most typical feature of progressive slots is their ever-growing jackpot, where a small percentage of every bet goes into the pools. There are both standalone machines and whole networks of progressive slots where the jackpot is collected in more than one game.
As we already mentioned, pools are “burned” by subtracting a small percentage of all bets placed on a particular progressive slot and adding it to the pot. This is also one of the reasons why the jackpots offered by progressive slot machines are larger than the fixed jackpots of standard slots.
Progressive Slot Machine
Of course, the chances of hitting the jackpot are usually quite small, but that’s not a good enough reason to avoid all progressive games. When it comes to progressive machines, realistic expectations are always the best advisor.
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Progressive slots have become increasingly popular over the years and are among the games that offer huge jackpots, especially when machines in a casino, city or even an entire state are connected to the network.
One of the most important things players should remember about progressive slot machines is that their regular payouts are not that big. However, a percentage of each bet is added to the jackpot.
To qualify for the progressive prize, the player is required to bet the maximum number of credits per spin. Betting less than the maximum is not profitable because the payout is not as good as that offered by other types of slot machines. Single multipliers (bets of one coin) are also not recommended when trying to qualify for the jackpot.
Players should watch their game carefully and remember to stay safe when it comes to money management. Some experts advise not to play with your own money, but to use your earned money instead. Very long gaming sessions are also not recommended when playing progressive machines.
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Independent progressive slots are not linked to other machines on the network. A percentage of the coins wagered by players is always added to the prize awarded for the highest winning combination.
The payback of this type of slot machine is the same as that of other machines of the same denomination, but distributed differently to allow players to win higher prizes of different amounts.
These types of progressive slot machines are usually linked together in a network and are respectively owned and operated by a specific casino. Such machines can be located in one casino or in several properties if the gaming company owns more than one location.
These are usually the machines that offer the biggest jackpots. They are connected in a special network that connects many casinos that are not related to each other and may not even be owned by the same gaming company. However, the payout ratio of these machines is usually much smaller than the payout percentage of other slots.
What Are Progressive Slots
Many casinos offer maxi-line slot machines with random progressive jackpots. These machines are a mix between a regular progressive machine and a maxi-line slot. What is important here is that all bets are placed on the maximum payline and the winnings are much smaller than the original multi-line equivalent of the slot machine.
Players should always check the paytable of these machines to carefully evaluate the final winnings. There is usually a difference between the rewards offered by crossover machines and more traditional slots.
Before choosing a progressive slot machine, players should know that playing such a machine is not the same as playing other slots. As explained above, a certain portion of each bet goes towards the progressive jackpot. The latter is reset to a certain amount by the casino after the jackpot is hit.
Another important detail about playing progressive slots is that players must bet the maximum number of coins per spin if they want to qualify for the big prize. Of course, the player is allowed to use any other bet size other than the maximum, but this will only win them a small portion of the progressive jackpot.
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The regular prizes in progressive slots are usually relatively small. This is of course done on purpose, as most players who go and try their luck at a progressive slot machine are usually not interested in regular payouts.
A wise thing to do is to bet on your winnings rather than using your own money when playing progressive jackpots. This is why most experts recommend playing these machines at the end of a player’s session. A good idea is also to set a loss limit in advance and end the session after spending this amount.
Over the past few years, many casinos have begun adding new types of progressive slot machines that feature both small and large jackpots. Of course, these jackpots are smaller than mega jackpot progressives and are also won randomly.
The Technology Behind Progressive Slots
Recently, progressive slot machines have become quite popular. I must say that it is even more popular. They were 30% of all slot machines in a casino just five years ago.
Now this is close to 100% of video slot machines. I’m sure you’ve seen video machines with ever-growing Grand and Major jackpots? The Minor and Mini jackpots are usually not progressive, but instead remain at $50 and $10 depending on the denomination selected.
A slot machine is considered progressive when some of the bets placed on it increase the maximum jackpot and other jackpots – but not all. When a progressive jackpot is first triggered, such as when a machine is first activated or after a progressive jackpot is won, the progressive jackpot has a minimum amount.
Starting with this initial jackpot, it grows “progressively” as the slot machine is played. Each progressive jackpot in the machine increases by percentage regardless of the bet. For example, $1 can increase a large progressive jackpot by a quarter, while the base only increases by a penny.
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The bet sizes and corresponding increases of the various progressive jackpots are an important topic that we will get to in a few minutes. Make sure you stay for this one – it won’t last long.
A common misconception is that progressive slots always include a group of slot machines with a shared jackpot. Instead, it is not uncommon for a progressive jackpot to be found in only one slot machine. His entire network is a machine.
But a group of progressive slot machines must be networked together. The physical scale of the network of machines included in a progressive jackpot can vary widely, including:
Let’s talk about broad-based progressives. These were progressive slot machines with significant jackpots in the hundreds of thousands of dollars or millions of dollars. They were spread throughout gaming jurisdictions like Nevada.
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However, nowadays it is more common to see general independent and internally progressive machines. These smaller networks are easier for a casino to set up themselves. Anything with larger networks starts to become problematic due to the possibility of lower customer satisfaction and legal liability issues.
There are two approaches to winning on progressive slot machines: 1) Treat it like a non-progressive slot machine and try to win its smaller, non-progressive jackpots; or 2) Deliberately attempt to win its progressive jackpot.
If you choose the first approach, use my other winning slot strategies. However, the availability and maintenance of network slot machines includes administrative costs that are passed on to the players of these machines.
You can see this for yourself at the Mississippi Return to Player, which has return statistics by both the denomination of the slot machines and whether they are progressive or not. Most progressive machines have significantly lower odds of winning. This trend is to be expected in your state.
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For example, the multi-million dollar progressive jackpot Megabucks slot machines in Las Vegas have consistently shown in Nevada’s return statistics that the lowest payout even beats penny machines. The Nevada Gaming Commission stopped reporting them under a separate line item. Again, you can check any Nevada return statistics from 2019 or earlier to see them.
Playing slots is not a negative EV game to use game conditions. Yes, most people lose at slots. But most people lose at poker too, right?
But in a poker tournament, one person always wins. This means that poker is not a negative EV game, but is very similar to playing slots. You can win in slots.
Not to get too far off track here, but casinos make most of their revenue from slot machines. Many players have to lose at slots for casinos to survive