Progressive jackpots are jackpots that increase every time a specific game is played and the jackpot is not won. This means that the jackpot accumulates money the more it is played without being won. Progressive jackpots present players with the opportunity to win huge cash prizes. Australian players can win millions of AU$ from minimal bets.
How do progressive jackpots work?
Progressive jackpots are made up of small portions of money that are put aside from all gamblers wagers. The jackpot grows faster with the more players betting on the game. The jackpot will keep increasing until a player wins it, at which point, it will be reset and begin the process from over.
There are thousands of games that are connected from different casinos which all feed into the same pot. This allows the jackpot to grow to massive amounts. Progressive jackpots, in most cases, are limited to online slots. However, there are times when progressive jackpots are extended to other online casino games, like video poker.
These jackpots can instantly change a player’s life. Once a player wins a progressive jackpot, they will immediately be set for life, depending on how much the pot has accumulated.
The history of progressive jackpots
Progressive jackpot games are based on classics that were created over a century ago. The traditional casino games provided players with great rewards and a lot of fun. The first slot machine was invented by Charles Fey, which rewarded players with small novelties and rewards in the form of chewing gum.
In the 1980’s, the first video slot game came to be. The reels were changed into computer screens, and gamblers could now play without seeking assistance, which was the first step to progressive jackpots. The developers experimented with different video slots, trying to link them together to introduce the first progressive jackpot.
Variations of progressive jackpots
There are slight differences between certain progressive games, but the basic idea remains the same. There are three main types of progressive jackpot games. They are:
This is a game that is not linked to other games. But, every gambler that makes a wager in this game makes a contribution towards the jackpot. The jackpot grows slowly as there is only one game that’s making it grow. This means that the jackpot is not as big as others. This was the first progressive to come out.
This is where several different machines are collaborated to make one big jackpot. There are usually 10 to 100 machines which are linked, but they all remain within the same casino. These progressives are usually found in land-based casinos but can be found in some online casinos. The jackpots are bigger than stand-alone progressives, but not as big as wild area network progressives.
Wild Area Network Progressive
These progressive slot games offer million-dollar jackpots. Multiple casinos will come together and link hundreds or thousands of machines together. This also includes internet and land-based casinos linking the games together.
Tips and tricks for progressive jackpots
Progressive jackpots can make your biggest of dreams come true. However, the odds of winning such a vast sum of money is very small. The tips and tricks we provide can help you get closer to your dreams.
- Set a budget: it is highly recommended that you set a budget on how much money you are willing to spend. This will prevent you from spending loads of cash without realising.
- Auto-play: the auto-play button will help you increase your chances of winning continuous small jackpots. The small jackpots can be used to win big ones. Therefore, make use of the auto-play option whenever you can.
- Maximum bets: a progressive jackpot can only be claimed when the bet maximum bet has been placed. So, place the maximum wager whenever you can.
- Try to play a progressive jackpot which suits your style and budget. This prevents you from landing into any issues.
Pay-out policy for progressive jackpots
A pay-out policy is a policy that rationalises your winnings. This means that instead of the casino giving you all of your winnings, they will pay it out in intervals. Be sure to always check the game and the online casino’s pay-out policy. This will give you certainty on how much you will receive and how often you will receive it.