What is a Progressive Jackpot?

Have you ever noticed online casinos differentiating between jackpot and classic online slots? You might be thinking, all slots come with a jackpot amount then what is the difference? 

Well, the ones that are marked as jackpot slots come with a progressive jackpot. This is a jackpot that increases every time you play the game. To cut a long story short, it will keep on rising until someone wins it.

In case you don’t know much about it, continue reading the article to learn how it works. 

How do Progressive Jackpots Work?

In a progressive jackpot game, a certain proportion of every bet wagered by players is added to the jackpot amount. The sum is also called a meter. Usually, it is taken only from one slot but can also include multiple games simultaneously.

So, for instance, when several punters are playing Mega Moolah simultaneously, they contribute to the same jackpot.

Seldom, the jackpots are associated across multiple games. For instance, all Marvel slot jackpots are linked. Herewith, both Iron Man 3 and The Avengers contribute and compete for one jackpot. What’s good about this is it makes the sum larger. However, it can also abate your winning chances. You can always find progressive jackpots running at Betway casino and Genesis Casino.

Types of Progressive Jackpots

Open-Ended

It is just what the name suggests. The progressive jackpot amount starts with a certain number, and then it rises on the basis of your contribution and activity until someone hits the winning combo. How long it will take to hit the jackpot is completely random. These are the types of jackpots that can make you a millionaire overnight. 

Must-Hit-By

Unlike the last type of progressive jackpot, this starts at a fixed amount. The amount then rises with your contribution. You can hit it at any time, but it has to be hit by a predetermined amount.

The amount is always displayed on the online casino. So, the closer is the jackpot to the displayed amount, higher is your winning chances. In case no one is lucky enough to win the jackpot amount, the player whose contribution was the largest will immediately win the jackpot.

Random

This is a hybrid progressive jackpot. However, many video slots offer this jackpot. This acts as a progressive jackpot, and you contribute towards it every time you wager. That being said, its winning is not dependent on a progressive jackpot. You can hit it at a random time, irrespective of whether you have landed a winning combination or not. 

Which of these three you choose to play depends on your personal preferences as each comes with its benefits and drawbacks. 

progressive jackpot

Best Times to Play Progressive Jackpots

Progressive jackpot slots are the major attraction of an online casino. It takes good fortune to win these life-changing amounts. What you don’t know is there are best times to play these jackpot games.

If you know the right and wrong time to play, you can save money and also have great fun.

  • Play When You Have the Budget

The tactic of playing progressive jackpots is to ensure that the spins qualify for winning the top prize. Make sure that you check the game setup, as the requisite for each game is different. If you fail to do this, you can hit a winning combo on screen and only get a fraction of the large jackpot amount. 

So, check the paytable and ascertain how much money you have to risk. Thereafter, you need to decide if you have the budget to play the whole session. Remember, some slot machines will let you win the entire jackpot even with a small wagering amount, but winning odds are scaled-down. 

Unlike other games, you will have to wager with a complete set of coins to win the jackpot. So, as soon as you find your favorite progressive jackpot game, start planning your budget and the number of spins you can play. 

  • Play When the Jackpot Amount is Big

The grandeur of the jackpot depends on the volume and time. As time progresses, money builds up. This, in turn, increases the jackpot size. Bigger is the jackpot size, greater is your winning chances.

Only when the jackpot amount grows, the big hitters start wagering. So, keep track of various jackpot games and play when the prize is huge. 

  • Play When No One has Won the Jackpot for a long time

Gambling odds are an interesting thing. Theoretically, any qualifying wager of the same kind has equal winning chances. So, when the odds of the jackpot spin are million to one, it is always going to be million to one. 

Be that as it may, the paradox is, the longer the jackpot isn’t won, the better are your chances of you winning it. So, in case you come across a progressive jackpot title that has not been won for weeks, go for it. 

Final Words

You must find the right progressive jackpot game. Almost all online casinos have a separate tab for the progressive jackpot. At times, the online casino also showcases a display meter on the homepage to advertise the big money put up for sale. So, when you see a rising cash meter, you’ll know it’s a progressive jackpot. 

Now that you know what’s a progressive jackpot, flip the coin and try out your luck.

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