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How Jackpot Slots Work at Online Casinos
Progressive jackpot slots allow you to win a pooled jackpot amount, which is normally higher than the maximum payout available. You can visit our top-rated online casinos to play any jackpot slot game as they have become a staple for most online slots players.
Progressive slot machines work like any other slots games. The basic rules of playing progressive jackpot slots are spinning the reels and matching up the symbols on the paylines. Each combination rewards you a fixed amount.
To be eligible for the jackpot amount, online jackpot slots require maximum wagers. Even if you hit the correct combination to win the progressive jackpot but have not wagered the correct amount, you will not win the big prize. For this reason we advise players to always make sure they understand the minimum wagering requirements before playing these games.
Progressive jackpots build gradually until a lucky player wins them. Then the jackpot is reset to a predetermined level, and then it starts to build up again. It grows by taking a percentage of each bet made on the progressive jackpot game and adding it to the jackpot amount. For example, a jackpot slot machine may take 15% of every wager and places it in the progressive jackpot pool. Once the jackpot is won, the amount will reset to a predetermined level.
Progressive jackpots are not fixed. This simply means, they increase as the number of games being played increases. A fraction of every new bet is added to the grand prize. You will get to win the grand jackpot prize when you line up the highest paying symbol, and the whole amount is triggered in the online slot machine. There are some instances where the total prize is won during a bonus round. It’s good to note that, different slot machines require different stakes to enable the spin eligible for the progressive jackpot.
There are three types of progressive jackpot slots, namely :
- Standalone Progressives
- Local Progressives
- Wide Area Network Progressives.
Standalone Progressive Jackpot Slots
These types of online jackpots are the simplest types of progressive jackpot slots. In simple terms, Standalone progressive slots mean that they are not connected to any other slot machine or network. They function conventionally like any other slot but with one huge difference: they take a fraction of the bet and build up the jackpot prize.
For example, you could have five progressive jackpots slot machines in a row, all with the same game. Standalone progressive jackpot machines will have each device having its own jackpot which can be won at each machine.
Local Progressive Jackpot Slots
Local progressive jackpots take the stakes from bets made at one casino. For instance, let us assume that casino X and casino Y have a similar progressive slot machine. Despite having the same game, the jackpot will vary from X to Y. The reason for this is because bets made at casino X will count towards its progressive jackpot. In the same way, only bets made at casino Y will count towards their jackpot. Unlike Standalone jackpot slots, with the local progressive jackpots, you can win at any of the five machines as they are connected to the same network.
Wide Area Network Progressives
These types of progressive jackpots take bets from different online casinos placed at one specific slot. Simply put, if five different casinos offer a similar progressive jackpot slot, then all stakes will go to the same prize pool. This also implies that players from all the five different online casinos will be competing for the same jackpot. Wide Area Progressive Jackpots offer the biggest prizes available in online casinos. They are known to be the best online progressive jackpots to play.
Winning a Jackpot at an Online Casino
You can always increase your chances of winning a jackpot at an online casino. One of the most important aspects of competing in a jackpot is playing when your budget permits you to. It is important to ensure that your spins qualify for a chance to win the total prize. The requirements usually vary from one casino to the other. Therefore, looking at the games’ set up is important.
Always check jackpot games rules and the paytable to see how much money and how many coins per spin you are required to risk. Some online progressive jackpot slots allow you to win the full jackpot with a smaller stake. However, the odds of winning it are less favorable.
Other jackpot games may require you to wager with a specific amount or full set of coins to win the fullest jackpot. Once you find your favorite progressive game, you will be able to plan when to play and budget accordingly.
You should play online progressive jackpot slots when the jackpot is enormous. The prize money at stake is dependent on volume and time. The two combined create an incredible jackpot pool. As the size of the jackpot grows, and the money builds, it starts getting more spins as many people want a chance at landing the huge jackpot. You can play and win a jackpot even when they have been reset. It is, however, wise to keep track of the jackpots of different games and play when the prizes are huge.
Your chances of winning a jackpot can be boosted if you play when the jackpot has not been won for a long time. Theoretically, any qualifying bet of the same type has a similar chance of winning a prize. It, therefore, means that if the odds of a jackpot spin are a thousand to one, they are always a thousand to one! However, the longer a progressive jackpot slot is not won, the higher the chances of someone winning it. This statement can always be challenged scientifically by mathematicians. If you come across a progressive slot that has not won for weeks, you should spend time testing your lack.
Bad moods can influence poor decisions with jackpot machine staking. There is no clear strategy involved in winning a jackpot slot. Every player has his or her way of playing using all paylines and playing the minimum or maximum jackpots. We recommend players not to play a progressive jackpot slot that has already won a jackpot. This is because the wins are random, but the jackpot has already been reset and will not be as huge as before.
Popular Jackpot Slots Games
- Mega Moolah: it’s one of the most popular jackpot slots offering you a huge prize. Its main developer is Microgaming.
- Mega Fortune: Mega Fortune is a progressive jackpot slot from NetEnt. It offers some of the biggest online jackpot prizes.
- Jackpot Giant: it’s from the well-known software provider- Playtech. To make the game interesting it has free bonus rounds.
- Hall of Gods: it’s another popular NetEnt progressive jackpot slot. All you have to do is line up three mega jackpot symbols to win the big prize.
There have been some of the biggest progressive jackpot wins in the past. Mega Moolah holds the three top positions out of five. Mega Fortune holds the other two spots on this list. Grand Mondial Casino has hosted the biggest online progressive jackpot prize ever to be paid. The big prize went to an anonymous individual on 28th September 2018. The winner walked with €18,915,721, after playing Mega Moolah. Another huge prize to have ever been won was €13,312,882 by a UK gambler who played a progressive jackpot from Betway.
Secure Payment Options When Playing Online Jackpot Games
There are popular beliefs that casinos take the biggest cut of the progressive jackpots. They make more money on large progressive jackpot slots but not due to getting a cut of the jackpot. Online casinos pay 100% of the jackpot between the reset amount and the jackpot amount. The reason why they earn more profit is because of the extra players who try to hit the huge win.
Gambling at online casinos is always exciting, no matter the outcome. Many sites offer various convenient methods of payment. Most of our recommended online casinos also support multiple currencies. Therefore, you should not worry about the jurisdiction you are in.
Every online casino gives different procedures, policies, and expectations when it comes to cashing out. At our recommended casinos it’s very easy to get your money once you have won. Simply go to the casino and navigate to the withdrawal section. Select the withdrawal option and choose your preferred method. You may be required to give out your billing or personal information. Click on withdraw and the process will be completed.
There are many different payment methods available that can you can choose to withdraw your jackpot winnings. They include cards such as Visa, MasterCard, e-wallets such as Skrill, PayPal, Neteller, and Citadel. Other options include Bank Transfer and Revolut.
The best online casino sites may hide your identity or reveal it once you become a mega jackpot winner. Hiding your personal information and receiving your winnings anonymously is the best way to go about this. The best online casinos also use high-level end-to-end encryption technologies to guard and protect your information.
Gaming Security for Online Jackpot Slots
Online casinos offering progressive jackpot slots are subject to regular auditing by independent auditing companies. Examples include eCOGRA and TST, which monitors and audits most online casinos. Progressive jackpot slots use the Random Number Generator (RNG) to produce a random sequence of numbers and symbols. It enables every section of the game to be random. This randomness brings about fairness in the competition.
Online jackpot slots are offered by many online casinos worldwide. All major sites require licensing and regulation from reputable organizations and governments. If you wish to play an online jackpot slot, then, first of all, consider if the site you are in is licensed and regulated. The best online casinos comply with all the set standards and regulations by these bodies.
Among the rules is prohibiting of underage gambling. Remember that the odds of winning a progressive jackpot slot are minimal. You are advised to gamble responsibly and, once in a while, take a break. Other mechanisms in place to help you gamble responsibly are self–exclusion and setting deposit limits.
Our recommended online sites also offer you amazing customer support services whenever you need assistance. You can contact the team via phone, email, or live chat. An online casino offering great customer service means that you will be satisfied with all their general services.
Deciding on whether to play a progressive jackpot game or not is a question only you can answer. The jackpot winnings may offer a life-changing amount. However, you should always remember that the chances of you winning are so low that millions of players will never win in their lifetime. If you feel like you have the money for gambling, you can use it as an entertainment expense. You may never know when you will hit the correct combinations.
Online Jackpot Slots have evolved over the years. You can easily play your favorite game on your mobile phone and walk away with a significant cash prize. You should, however, always remember that online gambling is for fun. Therefore, you should always gamble responsibly. Check out our recommended online casinos and try out some of their top-rated jackpot slots today!