Progressive Jackpots can offer life-changing sums of money to those lucky enough to win them. The big ones don’t drop very often, but when they do – Wow!
Progressives work by aggregating a small portion of every bet made on a particular game, across dozens of different casinos to form a jackpot. Some are huge, like the world record €17.9m won by UK soldier Jon Heywood in 2015. He was playing for just 25p a spin on Microgaming’s Mega Moolah.
READ THE RULES FIRST!
You need to make sure you understand the rules however. Some Progressives won’t allow you to be eligible for the big prize unless you are wagering a certain amount, so make sure you know what that is before you start playing. Some require you to max bet and play all the lines. Again, read the rules so you understand what you need to do. Higher bets usually mean higher payouts, but again every slot is different.
TIMING IS IMPORTANT!
The secret of comedy, they say, is good timing. The same can be said to some extent with progressive jackpot slots. The time when a slot will hit is random, but there would seem to be a slightly increased chance for a slot with an unusually high jackpot level so worth taking a look at a number of games before deciding which one to play.
Progressive slots can be expensive. The combination of max betting and the lure of a big prize can result in chasing the jackpot. Remember though, the odds on winning the big one are long, so set aside a budget and stick to it. It’s easy to develop an attitude that you are ‘chasing your investment’ – you are not. The odds remain the same whether you spin 100 times or 200 times.
If you want to just leave things spinning along then set the autoplay function. Check what the minimum limit is to qualify for the big jackpot, set the stakes and then number of spins. Some slots increase your chance of winning the more you play, so it’s a good idea to let it roll if the qualifying bet is relatively low and within your budget.
DO YOUR HOMEWORK
The payout on slots changes from casino to casino so you might find that the Return To Player (RTP) is better for the same game at a different casino. That’s one of the reasons why it’s sometimes useful to have several accounts. The RTP should be indicated in the information pop-up that is included with every game. Check it. A better RTP will mean that your money will go further. Remember, these progressive slots also payout smaller amounts too, just like a regular slot game.
Something else to look out for are the terms & conditions, particularly the cash-out limits. It has been known for jackpots to be paid out as small monthly amounts rather than one, big lump-sum. If that’s the case – avoid.
Progressive slots can be life-changing if you win the big jackpot, but the odds are long so play if you enjoy them. It’s supposed to be fun: when it stops being fun, stop playing!