Let's face it - we would all love to win a life-changing progressive jackpot.
Most casinos use the allure of their large progressive jackpots as a major
marketing tool. Is it just a clever marketing tactic or are there people who
have actually won these jackpots? Read on to learn more about the progressive
slots.
The History of Progressive Slots
In the early 80's when slot makers started adding advanced microprocessors to
their games they also introduced the idea of progressive jackpots. That is the
idea that a percentage of each bet placed would add to the top jackpot prize.
The biggest advance of progressive slots came in 1986 when slot manufacturer
IGT introduced the first multi-site linked progressive slot called Megabucks.
The advent of linked jackpots meant that really huge prizes would accumulate as
players from around the country were "donating" to the jackpot fund.
Linked progressive jackpots are now common place at casinos online and
offline. The first big linked progressive online was Cash Splash which pays out over $1,000,000 of jackpots
regularly.
How Progressive Slots Work
Every time you press the spin button on a progressive game a percentage of
your bet is instantly added to the jackpot. Therefore, the drawback of
progressive slots is the lower payback. Most progressives typically contribute
at least 5% of each bet towards the jackpot. This leaves 95% of and the casinos
still needs a margin. Most progressives therefore have a payback of around 90%
or even? less.
Tips when playing progressive jackpots
Imagine the following scenario. You are playing a five reel progressives that
requires 9 coins to activate all the paylines. You only play, 2 or 3 or even 8
coins and hit the winning combination. You will not win the jackpot! So, rule no
1: ALWAYS PLAY MAXIMUM BET on progressive jackpots.
So, to make sure you don't miss out, rather use the max bet button. That way
you will avoid a rather costly mistake.
Are Progressives a waste of money?
No, we believe they are not. Even though statistically their payout
is less, the chance at a massive jackpot is worth a try. However, we reccomend
that you allocate only a portion of your bankroll to playing progressive
slots and
stick with it.
The introduction of 5 reel progressives has also brough about more possible
winning combinations, thereby rewarding you with a higher hit rate. Some of
these slots are well worth playing without even considering the jackpot.
Read or reviews of Progressive
Slots Games.
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