In many online casinos, you will notice the general presence of Jackpot games, progressive Jackpot games specifically. This jackpot is a game concept that attracts many players, whether they are new or old players.
For those who always read or view the word Progressive Jackpot and don’t know what it means, you don’t have to worry because we’ll explain it in full in this article.
The concept of an increasing amount of jackpots is very easy to understand, but do not misinterpret it to be the same as a normal Jackpot. The term Jackpot prize simply means a big win and the word is often used in casinos to describe many types of slot games that offer huge prizes. Progressive jackpots however have a different meaning.
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What exactly is a progressive jackpot?
A progressive jackpot is a term used to describe gambling games that have an increasing winning money prize every time you or other players play something.
Some of the most common gambling games with this jackpot concept are slots and poker. This kind of jackpot exists in real casinos and online casinos as well.
This Progressive Jackpot Prize can be won randomly at any time, at any round, and by any player. In slot games, players need to get matching symbol combinations to win this Jackpot.
The total reward for this Jackpot is usually very lucrative and can reach millions of ringgit. When a player gets the right combination to win this progress jackpot, the jackpot amount at that time will be paid to this player.
After that, the value of this Jackpot winning prize will be reset to its base value.
Another thing you should understand as a gambler is that there is a condition for you to claim this Progressive Jackpot money. Most jackpots of this nature require you to make one minimum bet before you can claim the jackpot prize.
So, you should be aware of the minimum betting conditions. It is not worth it if you play hard, but you cannot claim the jackpot money after winning.
How Progressive Jackpots Work
All progressive Jackpot games start with a sum of basic winning money. Each time a player makes a bet and loses, a portion of the money is added to the winning amount. The winning money collection is known as the ‘Pool’.
The more rounds a player loses in this game, the more money bets will be added to the Pool. The increase in betting money to this pool will continue to occur until there is a winner.
As previously stated, after a progressive Jackpot amount is won and paid out, the prize amount for the game will be reset or reset to a specified base amount. These basic amounts are usually not worth 0 and are usually quite high as well, such as RM100,000 or RM 50,000.
If a player wins a Progressive Jackpot at the initial stage after resetting, the winning amount may not be as high as if the gambler wins it after a long round.
For example, let’s say you play slots with Progressive Jackpots. You bet RM100, and at the time you play, winnings or pool collection is around RM100,000. If you lose, the slot game will take 10% of your bet and add it to the winning money pool.
Most of the time, 1% will be donated to the next reset amount and 9% will be donated to the latest progressive pool amount. So after the completion of the slot round you played, the prize pool is now RM100,009 and RM1 to the next reset amount.
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Important Winning Mechanism
As a gambler, you certainly ask what is the mechanism behind someone winning this progressive Jackpot. Generally, the mechanism behind winning jackpots for slot games is to get matching combinations of symbols.
If you play online, the combinations listed on the slot depend on the random number generator (RNG) so there is no strategy to make the correct combination appear.
In games like Poker that have progressive Jackpots, you have to win the poker game using your own skills and experience.
However, there are several things you can do to increase the probability of winning this jackpot. We’ll discuss strategies you can use in further sections.
Probability To Win A Progressive Jackpot
The probability of winning this progressive Jackpot prize depends a lot on the type of game you are playing. Such jackpots can actually be associated with different types of games and not just slots. There are also many table casino games such as Poker, Roulette, and so on that have prizes in the form of progressive Jackpot.
In real games, this Jackpot pool prize makes a game a little more difficult to win than similar games without it.
For slot games or table casinos, the probability of winning is quite low in the real world. For example, for slot game Megabucks, a progressive Jackpot game with the largest network in the world, the probability of winning is 1 in 50 million. However, the winning prize is very high, about USD10 million to hundreds of millions.
For slot games, the probability for you to win depends on the number of reels available and the number of symbols available on each reel. To calculate the probability of victory, you should take the number of symbols and multiply the value over and over again, whichever reel you have.
For example, for a slot game that has 5 reels, with each reel having 10 symbols, the probability of winning is calculated as 105 (10x10x10x10x10), which is 1 in 100,000.
Types of Progressive Jackpots Available Today
The type of progressive Jackpot that exists depends on how wide the network of machines and games are. This means how many games are linked to the jackpot pool, and contribute to it, and can win it.
Standalone Progressive Jackpots
Jackpots like this are very common in real-world casinos. This pool only involves one slot machine or only one casino table. Only those who play in the slot machine can win this progressive Jackpot and contribute to it when losing.
Local Progressive Jackpots
The concept of Jackpot is more commonly found online and involves a game on the casino site, which can be played by players from anywhere in the world. They contribute to it and can win the Jackpot at any time.
In the real world, this type of Jackpot involves several slot machines in the same casino, or in the same area.
Wide Area Progressive Jackpots
This type of jackpot connects several types of slot games in different casinos around the world. Progressive jackpots of this type can usually reach millions of ringgit as it involves many players as well as many different games.
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Useful Tips for Winning Progressive Jackpots
Although such Jackpot wins, especially for slot games, are largely dependent on luck, there are a number of things you can do to increase your probability of winning the Jackpot money as well as ensuring that your experience during your play is safe and that you are not losing more than you can afford.
Check Winning Probability and RTP
Each game associated with such a Jackpot has a different probability. If you are a new gambler wanting to try progressive Jackpot games, try the game with a higher probability of winning and lower host advantage. For example, slot games with 3 reels have a higher probability of victory than slots with 5 reels.
Also, you should know the RTP of every game you try, especially online casino games. This RTP value will help you assess whether the game is worth playing or not. You should always choose a game with a higher RTP, which is over 95% RTP.
Set Your Betting Limit and Don’t Change It
In slot games or table casinos that have this progressive Jackpot prize, you cannot predict whether or not you will win. The attraction to continue betting does exist.
Therefore, you should specify an amount of money that you can use to bet without compromising your budget and life requirements. You should stick to these conditions and do not get carried away with the desire to bet beyond the set budget for gambling.
In this way, you will not lose more than you should. You can still have enough for daily expenses and won’t get caught up in uncontrolled gambling practices.
Play When Progressive Jackpots Are Higher
Wait until the Pool amount in progressive Jackpot gets higher before playing the game. With this method, you will win more lucrative prizes if you win later. This guide is indeed a fundamental strategy. If you want to win more you need to be more patient.
Select Progressive Jackpot with Higher Base Value
After reset, all progressive Jackpots will be reset into one base value. This value is usually not empty and is of relatively high value. Some have a base value of up to RM100,000 or more. The higher the base value, the higher the pool value will be achieved later when progressive values are accumulated over time.
Progressive Jackpot A Lucrative Winning Chance
If you practice disciplined and self-controlled gambling, Progressive Jackpot can indeed be an exciting experience and a lucrative winning opportunity. If you’re just getting started in this Jackpot bet, try the game with a small starting bet and involve only one game before trying out games involving more casinos and more players. This way, you can adjust to the Progressive Jackpot better and safely.
Frequently Asked Questions
Progressive jackpots can be found in the Slots section of most online casinos. There is also a table casino game with a Progressive Jackpot.
This depends on the type of game involved, but the probability is not high. Major Millions by Micro-gaming will have winners every 6 weeks while Shopping Spree by RTG has winners every 4 years.
Choose a game with a higher probability of victory.
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