The online casino industry has come up with many innovations in its history, but one of the most popular has been the creation of the progressive jackpot. This genre of game has attracted players from all over the world and has produced some eye-catching winning prizes. But what exactly is a progressive jackpot? Our quick guide is here to help.
What is a Progressive Jackpot?
A progressive jackpot looks like an ordinary slots game. The main difference is that when you make a bet on a progressive, a small percentage of your stake goes towards a jackpot. This jackpot pool is shared with other games all around the world. So, the jackpot is growing all the time, and eventually, one lucky player will land the lot! With no fixed limit on the size of the jackpot, this has led to some truly huge payouts of several million dollars.
How likely is a Progressive Jackpot Win?
As with all slots games, progressive jackpots are based entirely on chance. The odds of you landing the big prize, as with the lottery or any other form of random chance game, are extremely small. It is important to remember this if you are thinking of playing on a progressive jackpot. Some players believe that if they play a jackpot for long enough, they will increase their chances of winning, but this is wrong. Progressives, like other slots games, are purely random and your chance of winning the jackpot remain the same with each spin.
Progressive Jackpots Rules
All progressives have slightly different rules, and it is important to be aware of these before you play. Some prevent you from winning the jackpot unless you play with the maximum number of paylines or the maximum stake. Others are less restrictive. Playing with the maximum paylines will obviously increase your chances of landing a big non-jackpot win, but you should never increase your stakes beyond what you would normally bet on an online slots game.
What are the Most Popular Progressives?
While the chances of you winning the jackpot remain the same on each spin, you can check out how much is in the current jackpot pool before you play, as all progressive jackpot titles provide this information to players. Naturally, the more popular the game, the quicker the jackpot builds.
The most popular progressives out there include Mega Moolah, which once paid out a massive €17 million prize, the Nordic-themed Hall of Gods, which usually offers jackpots of over €5 million, and Mega Fortune Dreams, which offers a more modern playing experience. Gaming developer Net Entertainment are particularly famous for their progressive jackpot titles.
Play for Fun
The chances of landing a big progressive jackpot prize are slim, but every year a handful of lucky winners will pick up a multi-million reward playing these games. If you treat it as an occasional gamble, and never bet with more than you can afford to lose, progressive jackpots can provide an entertaining diversion with the outside possibility of throwing up a huge reward.