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How to Win Biggest Slotmachine Jackpots

A long time ago, when the machine games began, there were no progressive slots. This only became possible in early 1980s, when microchips were added to the games. Even so, it was not until March, 1986, that the first multisite linked slots were introduced by machine manufacturer IGT.

Having the same prize pool being fed from a number of different machines (which were often spread across a number of different casinos) meant such jackpots could quickly grow to be very huge. It is well 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.

Progressive slot machines work 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 the total amount into account, payouts will be the same.

For example, if You are playing on a linked network of slotmachines with a fixed $5 bet per spin. Your money could be divided as follows; 25 cents added to the jackpot, $1.25 goes to the facility. Remaining $3.50 is paid out in non jackpot 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 the House, and $3.75 paid out on wins.

Above example presumes establishment has a 75% payout rate. In reality jackpots at land based facilities typically have payout rates ranging from 70% up to 87%. This is in stark contrast to slot machine 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 on line slot machine would be divided up something like this: $0.25 for the game facility, $0.25 added to a progressive pool. Remaining $4.50 is paid out in non jackpot winnings. Given such statistics, its easy to see why so many hard core players are now playing from laptops, tablets or personal computers.

Apart from missing free drinks, playing on line seems more favorable to a player (in that you should expect to have more winners, more often). We have already covered how large progressives can grow at land based casinos, so just how big can they become? Right answer is that they are growing every hour. The current record is $3.76 million. Interestingly enough, the exact same slot machine that paid that out in December 2005 currently has a pot of over $4.6 Million and is still rising!

When this tidy sum is eventually won its 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 that sometime within the next couple of years, the highest winning pots may be paid out from the Internet.

So how do you pick a winner? Choosing which slot machines to play is really not all that complicated. Once you know what amount has been reached, that should 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.

Winning at gambling, whether on a cruise ship or at a full fledged resort property in Las Vegas, is not about going home rich; it is about not going home broke. You have probably heard many horror stories about people losing it all on their very first night in Vegas.

The sad truth of the matter is that it happens quite often because it is so terribly easy to do. Casinos have many tricks (whether deliberately contrived or accidentally achieved) that help you make poor decisions as a result of slightly impaired judgment. The bells and whistles of glitzy casinos are fun for the first few hours, but after that they can become dull and mind numbing.

If you are chasing the biggest cherry 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 a big jackpot.

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 or Tablet device. Play the highest paying game you can find.

No, Aunt Betty never did hit the big one... but she never overdosed on sleeping pills either.

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