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Progressive Slots Jackpots
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How to Win Biggest Jackpots
About Progressive Slots:
Long ago in time, there were no progressive slots. This only became possible in early 1980s, when microchips were added to slot machines. Even so, it was not until March, 1986, that first multisite linked slots were introduced by machine manufacturer IGT.
Having same prize pool being fed from a number of different jackpot machines (which were often spread across a number of different casinos) meant such jackpots could quickly grow to be very huge.
It is documented in some Las Vegas casinos, where players in a network extending all way to Reno, have won over $8 million, in a single win, on a payout.
How Progressive Jackpots Work :
They grow by skimming an amount of money from each and every unit bet. This means that payout rates on normal wins is lower than that of a regular slot machine.
Yet, if you take total amount into account, payout will be same.
For example, You are playing in Las Vegas, on a linked network machine with a fixed $5 bet per spin. Your money could be divided as follows; 25 cents added to jackpot, $1.25 goes to facility. Remaining $3.50 is paid out in nonjackpot wins.
If you were playing a non progressive game at that same location, it is likely your money would be divided as follows: $1.25 to casino, and $3.75 paid out on wins.
Above example assumes establishment has a 75% payout rate. In reality slots jackpots at land based casinos typically have payout rates ranging from 70% up to 87%.
This is in stark contrast to online casinos which typically have payout rates from 89% up to as much as 99.5%!
So, a typical Internet casino with a 95% pay out rate; reveals money amount paid in for a $5 per spin online slot machine would be divided up something like this:
$0.25 for online facility, $0.25 added to progressive jackpot. Remaining $4.50 is paid out in non jackpot winnings.
Given such statistics, it is easy to see why so many hard-core players are now playing from laptops, tablets or personal computers.
Online Progressive Jackpots:
Apart from missing free drinks, playing seems more favorable to a player (in that you should have more winners, more often).
We have already covered how large slot machine jackpots can grow at land based casinos, so just how large are they? Right answer is that they are growing every hour. Current record is $3.76 million. Interestingly exact same slot machine that paid that out in December 2005 currently has a Jackpot of over $4.6 Million and is still rising!
When this tidy sum is eventually won it is going to set a new record for being highest payoff of any to date.
Little doubt remains that even after that has been won, a new standard will be set within a space of less than a year. Rates at which jackpots are growing is amazing. Only a few years ago, a payout of a little over $1 million was a record.
It is expected sometime within next couple of years, highest jackpots will be paid out from Internet.
So how do you pick a winner?
Choosing which slot machine to play is really not all that complicated. Once you know what amount has been reached, that will be your starting point.
Obviously once payout in question is higher than its historical average chances of it paying out are greatly increased and, if it goes higher than its previous highest pay out, chances are further increased again.
If you are chasing biggest jackpots, do not play again just after having lost a previous one. Instead, wait until after that games historical average pay out has been passed for best chance of winning big. OR, do like my Aunt Betty, who once loved a country club Tennis Pro because he had pretty legs.
Instead of taking a sleeping pill late at night, after hours of tossing and turning, just turn on your PC device.
go to Play biggest paying game you can find. No, she did not hit the big one, but she never overdosed on sleeping pills either.
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