If you’re a fan of gambling, then you’ve probably heard of progressive jackpots. These are some of the most lucrative prizes you can win at a casino, and they continue to grow until someone hits the jackpot. Slots, as one of the most favorite online casino games, come in various shapes and sizes, but all have one thing in common: the potential to win big payouts. But it could be a different story when it comes to progressive slots. This blog post will reveal some of the facts about progressive jackpots that you should know by now.
Standalone Progressive Slots Are Better
While it is true that you can win a progressive jackpot while playing on a networked game, your odds are significantly better when you play on a standalone machine. It is because the prize pool is not shared with other players, meaning that the jackpot will grow much faster.
Not to mention, if you’re the only player contributing to the prize pool, you’ll have a 100% chance of winning the jackpot when you hit the right combination of symbols.
Playing Max Credits Is Not the Only Way to Hit Jackpot
It is such a highly debated argument. While it is true that you need to play max credits to be eligible for the jackpot, you don’t necessarily have to bet the maximum amount every time you spin the reels. In fact, you can still win the jackpot even if you only bet one credit per spin. The only catch is that your odds of winning will be significantly lower than if you were to bet the maximum amount.
Progressive Slots Have Various RTP Rates
If you believe that progressive slots have poor RTP, then I need to tell you that it is one of the biggest myths about progressive slots. While it is true that the RTP (return to player) percentage is lower on progressive machines, it doesn’t mean that you can’t win big. In fact, many people have won life-changing jackpots while playing on progressives. The key is to understand that these machines are designed for the long-term, meaning they take in more money than they pay out over time.
Some Casinos Won’t Pay Out the Full Amount Straightaway
Last but not least, it is essential to understand that some casinos will not pay out the full amount of the jackpot right away. Instead, they will payout in installments, or they may require you to pay taxes on the winnings. Before you start playing, checking with the casino to see their policies regarding progressive jackpots is always a good idea.
Online slots do vary in their jackpot sizes as well as how often they pay out, but one thing is for sure – progressives are definitely worth trying your luck at. With such enormous potential payouts, it is no wonder why these machines continue to be some of the most popular games in both online and brick-and-mortar casinos.