What Are Progressive Slots, and How Do They Work?
Slot Machines are featured in every casino worldwide, and they can take up to 70% of the floor space in land-based casinos. Slots are responsible for huge profit margins in both online casinos and land-based casinos. The jackpots in the standard slot are fixed, but all types of slots require players to select a casino, one of the most preferred is online casinos.
In progressive slots, a small percentage of the bets goes towards the jackpot i.e., it progresses with every bet, that can either be won when the jackpot reaches a certain point or the jackpot can be won randomly. The longer the jackpot is not won, the bigger it gets.in some casinos, the jackpot is displayed, so players can see it grow.
How do progressive slots work?
To make these huge winnings possible, there is:
- The contribution- every bet made constitutes the jackpot.
- The seed-Where the progressive jackpots have to start to motivate the betting
- The prize- the progressive jackpot
Types of progressive slots
- Standalone progressives
Standalone progressives are the pioneers of progressive slots. They have a ticker on the slot game but only bets that are placed on that machine are added to the jackpot. This was once the only type of progressive available in casinos, and they are still found in some casinos. The jackpot is normally below $10,000
- Local progressives
Local progressives were the next step in the development of progressive slots. They feature jackpots within a specific casino that are linked. The linked machines can be a few dozens of machines. The jackpot is usually below $100,000.
- Wide area network progressives
These are among the well-known casino games. These progressives link slot machines from different casinos within the same province or territory causing the jackpot to grow to huge amounts of money exceeding $1,000,000.
Online Progressives
Progressives in online casinos work the same way as they do in land-based casinos. Every bet you place on your computer contributes to the jackpot and with so many people gambling online, the Jackpot can be life-changing.
When it comes to slot machines, online or in a land-based casino, there is no strategy that you can employ that is purely based on luck. In some progressive slot machines, there is a limit to the number of consecutive spins you can make. Progressive slots are exciting, but the odds of winning are not great as the number of players increase, the less likely you are to win the progressive jackpot, but you just have to have the kind of mindset that out of that pool of players, you were the one destined to win.