Slot machines draw in big crowds hoping for a giant payday. With progressive slot machines offering jackpots that rival national lottery amounts, it’s no wonder they have become so popular. If you’re looking for a chance at joining the millionaires club, progressive slot machine jackpots could get you there.
While the odds of winning one of these jackpots are incredibly slim, someone has to win them, and people do all the time. In this article, we are going to cover everything you need to know about slot machine jackpots.
What is a Progressive Jackpot?
A progressive jackpot is a jackpot that increases over time. There are 3 kinds of progressive slot machines:
Wide Area Progressive Machines
These progressive slot machines are networked throughout several casinos. This can even be worldwide. This type of progressive jackpot will be the highest paying category.
Casino Specific Progressive Machines
This type of progressive slot machine is linked with other slot machines within the same casino. There will usually be a few rows of these, all displaying the same progressive jackpot amount.
Standalone Progressive Machines
This type of progressive slot machine will have a progressive jackpot that is independent of that machine only. The progressive counter will only rise as you put money into it.
Most progressive slot machines will not be exclusive to one location. Progressive jackpots are usually game specific, rather than exclusive to a single casino. Because these jackpots are linked between a high number of casinos, with a much larger number of people competing for them, the jackpot amount can be huge.
Today, there are well over 500 different progressive jackpots. Most will require a max credit bet to qualify. Be sure to read the rules of any progressive slot machine game you decide to play. You wouldn’t want to miss out on a huge payout due to a minor error.
What is a Flat Top Machine Jackpot?
The term “flat top” has nothing to do with the slot machine itself, but rather, refers to the maximum jackpot amount being fixed. The maximum amount you can win from these machines does not increase like a progressive jackpot does.
A flat top machine jackpot is specific to each game. This is the maximum amount you can win based on the top paying symbol on the machine. These are generally much smaller than a progressive jackpot. They can still offer large jackpots, especially with additional features like triple pay free spins.
Improving Your Odds
A slot machine outcome is completely random. Results are based on a software program called a Random Number Generator. Despite this fact, there are several things you can do to help increase your odds of hitting a slot machine jackpot.
Play Max Credits
Most progressive jackpots are only available to win when playing max credits. Even some flat top jackpots are extremely inflated on max credit bets only. If a jackpot win is what you’re looking for, a max credit bet is a necessity.
Play Higher Denomination Machines
The higher the denomination is on a slot machine, the higher the player’s odds of winning are. Remember that you are also going to want to play max credits. Be sure to pick a machine with a denomination that will not empty your bankroll immediately.
Avoid Video Slot Machines
Video slot machines are a blast to play. Most have bonus rounds, free spins, video clips, etc. These extra features mean slower gameplay. With fewer spins, the casino is making less money. In order to compensate for this, video slot machines will usually have a higher house advantage percentage.
Tiered Progressive Jackpot Games
If you’re wanting a progressive sized jackpot but lack the money to be able to play max credits, look for a tiered progressive payout machine. These machines have different progressive jackpot payouts depending on how much you are betting.
Of course, the smaller progressive jackpot tiers are significantly less than the full progressive jackpot amount. However, these payout amounts can be very substantial considering the amount wagered. These slot machines can offer the opportunity of a really great payout for people with limited resources to wager.
Try Online Casino Games
Online casinos offer the same opportunities for jackpot wins as land-based casinos do. There are progressive jackpot games, as well as tiered progressive games. If you’re looking for a non-progressive machine, you won’t have trouble finding one of these either.
Online casinos will typically offer better player odds on their slot machine games. This is because they have lower operating costs and a lot of other online casinos to compete with. With less money lost each spin, you have more opportunities to hit a jackpot.
Always look for a long-standing, reputable online casino. These are easy to find since online casinos are heavily regulated. You should also look for an online casino offering a high welcome bonus. Many offer deposit matches for new players. Once again, more money to play with means more spins to try for a slot machine jackpot.
Biggest Jackpot Wins
If you need a little inspiration, look at these record-breaking real jackpot winners!
Online Casino Jackpots:
- Mega Fortune by NetEnt– Anonymous – $20,819,521
- Mega Moolah by Microgaming – Jon Heywood – $20,062,600
Land-Based Casino Jackpots
- Megabucks by IGT – Anonymous – $39,700,000
- Megabucks by IGT – Cynthia Jay Brenna – $34,000,000
- Megabucks by IGT – Elmer Sherwin $4,600,000 in 1998 and again $21,000,000 in 2005 (that’s right… this guy won a progressive jackpot TWICE!)
Winning a slot machine jackpot is not an easy venture. A general rule to remember is that as the jackpot amount increases, your odds of winning that jackpot decrease. Remember the tips we’ve provided you with here to give yourself the best shot.