The very first progressive jackpot was created in 1986, and it was called MegaBucks. At that time, it included 160 casinos in Las Vegas with 691 slot machines tied to one huge jackpot. Before MegaBucks came along, gambling buffs were only able to win millions of dollars at one time by playing lotteries.
The Popularity of Progressive Jackpots
Why are progressive jackpots so popular? One of the main reasons is because the payout percentage is extremely high. Some of these payouts can reach into seven and eight figure totals. Although the odds of winning one of these huge progressive payouts are as high as forty million to one, playing these games can be very entertaining. Besides, many of them also have fun themes that are based upon exciting television shows and movies.
What Do Progressive Slot Machines Look Like?
All casino goers are familiar with progressive jackpot slot machines. These are the ones that have huge flashing lights at the top that display the amount of the jackpot. Some casinos put expensive cars on the top of the slot machines as well. This is especially the case if you have a group of slot machines that share the same jackpot.
Usually slot machines with progressive payouts are no different from regular slot machines. There is a winner if the machine stops on the pay line. It does not matter if the machine is manual or electronic. The winner gets a huge payout if the bet lands within the winning position.
How Do They Work?
Progressive jackpots keep going as long as the jackpot has not been won by anyone. The jackpot total does not stay the same. In some cases, there could be numerous casino machines linked to the same jackpot in different locations. However, each time that a machine does not get a winner, a portion of the money played goes towards the progressive jackpot that is associated with that slot machine.
This explains why progressive jackpots are so large and where the money comes from to fund them. Once a winner is declared, the machine is reset back to the minimum. However, it would seem that no one would be interested in playing this type of game, since the jackpot is funded with the losses of the gambler. Keep in mind that this decreases your odds of winning. However, the larger the jackpot, the more enticing it is to take bigger chances.
The Best Way to Win a Progressive Jackpot
The name of the game is to get the biggest jackpot possible. Unfortunately, this won’t happen if only a few coins are played, or if you choose to play the lowest amount of lines available. The golden rule of playing progressive jackpots is to play the MAX BET. This is the only way that you can expect to receive the maximum payout.
Also, try to wait until the jackpot gets really high. Let some other sucker lose their money so that your jackpot is much higher. It might be tempting to start playing at the lower amount considering that some of these payouts become really high, but resist the temptation to do so. Many of these jackpots can get really high within a matter of hours.
Make sure that your bet is jackpot worthy. Did you play enough coins? Have fun, but also be smart. Just like with any other type of gambling, don’t bet all of your money at one time. Save some of it to gamble later.
Sure, everyone’s goal is to win, but keep in mind that with a progressive jackpot, your chances are very limited due to the odds. If you are going to play a progressive slot machine, set aside the amount that you wish to play for the night. Stop once this amount is gone. This is one of the best strategies for playing the game and keeping the shirt on your back.
In order to stay within your budget, you might want to play smaller coins. However, remember, you’ll probably have to play the maximum amount of lines possible if winning the jackpot is really your true goal.
The following are some popular progressive jackpots in North America:
– Mega Moolah. This game has a jackpot that can start as high as one million dollars. The most coins that you can bet on one spin are 125. It has 5 reels and a maximum of 25 pay lines. It has an African safari theme with a design that features giraffes and elephants. The monkey is the scatter symbol, and the lion is the wild icon that can multiply winning bets.
– The Dark Knight. This game is filled with both villains and heroes, and this makes it such a perfect choice for a progressive jackpot theme that has a 3 million dollar payout. The game has 243 lines, 5 reels and 4 progressive jackpots. It also has Batman and Joker wild symbols. To play and win the highest jackpot, you will need a total of six dollars in coins. If this wasn’t enough to make this game exciting, it also has numerous free spins and multipliers.