Everything You Need to Know About Progressive Jackpots

By: Gen Wright


One of the quickest ways for you to increase your odds of taking home a fortune from the casino or online gaming center is to play progressive jackpots. What are progressive jackpots? Breaking down the term, it is quite simple to understand. "Progressive" is a word that means "as you go," and "jackpots" are the highest payoff you can receive in a game or gaming machine.

The concept is simple. The more you play progressive jackpots, the larger the payoff becomes. Many casinos of the brick-and-mortar variety, as well as more and more online casinos, link up several players for a gaming experience that sees your chances of winning big money quickly grow with each and every hand that you play.

Progressive jackpots usually meter their value in dollar amounts for all to see. Should a player win the progressive jackpot, the meter resets to a preset amount at a considerably lower value: but not to worry, it doesn't take long for the potential payout to build back up as you play. Of course, it isn't easy winning a progressive jackpot, but it can be very rewarding.

Just how do you win, you ask?

Well, it depends on what kind of game you are playing. For example, with slot machines, you will have to match all five of the most valuable symbols, such as cherries, gators, and lemons. If you were playing video poker, then you would have to win with a royal flush. The key is to win the jackpot with the highest payoff. When machines are connected, the progressive jackpot can grow quite quickly, and entice many to take a chance.

To qualify for winning progressive jackpots, you will have to carefully manage your credits. Only those with a high enough credit bid will be capable of taking home any money, while no matter how small your bid is, you contribute to the overall jackpot. So you have to take chances, but if you want to stay in the game, you will have to strike an effective balance.

To achieve successful bid management, it helps to know the break-even point of a machine. It doesn't matter if the machine is a slot or a video poker machine, there is always a break-even point, where your odds will start to improve and actually lead to positive expectation.

Frequency for each payoff versus the odds of hitting that payoff are how you calculate the break-even point, and it requires a deeper understanding of the game and casino culture, although some casinos actually publish theirs. For video poker, remember that it is all based off the standard 52-card deck. Slot machines are even easier to calculate because all you need to know is how many reels are on the connected slots, and what each symbol from each slot is. So it pays to check out the connected slots ahead of time. If you can do it in a brick-and-mortar, you can do it on a machine. The important thing is to do your homework and not fall prey to frustration.

For high quality progressive jackpot games, the following are recommended: Deal or No Deal, Monopoly, Wheel of Fortune, and Millionaire's Club.

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