We all dream of the millionaire lifestyle, quitting work and spending our lives in luxury, and for the lucky players who scoop progressive jackpot prizes at online casinos that dream can come true.
With online progressive jackpots becoming ever more popular and the sheer variety of games available, prizes can be worth millions of Dollars.
But is there a trick to winning the progressive jackpot games, or can you do anything to improve your chances of becoming an instant millionaire and living the dream? Read on for tips on how to win jackpot on slots.
Tricks for Success
The first thing to accept is that there is absolutely no guaranteed method of hitting the jackpot on a progressive slot machine, as the only way you could do this is be the only person playing the game, and winning your money back when the jackpot was eventually hit.
There are, however, a few tips to turn the odds very slightly in your favour, and help you to discover how to hit jackpot on slot machines.
Once a player has scooped the progressive jackpot on a given slot machine, the value is re-set to a set minimum level and the process begins again. For example, if someone wins a $1,000,000 jackpot, the value could be reset to $500,000 and any following wagers placed will contribute to the pot from then on. However, it’s extremely unlikely (although not impossible), for anyone to hit the jackpot straight away, so if you want to know how to hit jackpot at casino, avoid ones where it’s recently been hit.
As time goes on, and the jackpot level rises, a point known as break-even is reached, when the value of the jackpot makes it worth playing. Above this, the potential return of hitting the jackpot outweighs the risk to your funds of not hitting it. Just remember that everyone playing the game above the break-even point will have the same improved odds, and as many players will be playing with same strategy of waiting until this point has been reached, competition will get ever fiercer as the jackpot rises.
This doesn’t change the fact that playing progressive jackpot slots beyond the break-even point is pretty much the only way of overcoming the House Edge, which is the profit each and every casino needs to make to stay in business.
The House Edge on a typical game is 2 – 3%, meaning that for every $100 wagered, the casino will earn $2 – 3 in profit, which pays for their software, staffing needs, licensing etc. Most games have a steady House Edge, including the majority of slots games, but progressive jackpot slots, above the break-even are a very rare exception, so if you are looking to make a genuine profit from playing online casino games, this could well be the way to go.
Claim bonus to increase your chances
Using bonus funds is another recognised way to improve your odds of winning a progressive jackpot. Online casinos like Betsson, Eurogrand and bet365 will welcome new players with bonus money on first deposit, and the fact that you are playing with funds supplied by the casino dramatically reduces the amount of your own cash that you need to use for a set number of plays on a progressive slot machine.
Here on Progressive Jackpots you will find special links and bonus codes to maximise the amount each casino will give you and combined with knowledge on how to win at jackpot slots games, you can use these funds to your advantage.
Progressive slots odds vary depending on the machine being played, but generally the Return To Player (RTP) of a game will be in the 95 – 97% range, so the average amount players will win is $95 – 97 for every $100 staked. This of course, changes dramatically once the break-even is reached, and if you win the jackpot your RTP is many 1000%.
How often do slots hit the jackpot depends on a number of factors, mainly how many people have played the game, and how big the jackpot prize tends to be. Games where the progressive jackpot is a few thousand Dollars or so can pay out, as an average, weekly or more, but slots such as Mega Moolah and Mega Fortune, where jackpots can be $5 - $10 million or more will be hit once or twice a year.
Even if you don’t scoop the main prize, these games usually have great features and bonus rounds, so having an idea of how to hit jackpot at casino could be seen as the icing on the cake.