What Is A Progressive Slot Machine

Liberty 7 progressive slot is one of the most popular slots worldwide. While there are hundreds or even thousands of different slots released by top slot providers over the past decade, nothing beats the action, thrills and excitement that progressive jackpot slots offer. If you haven't played progressives, you definitely need to fill that big gap right now. With their massive jackpot prizes attached, which have no upper limit and increase over time, progressive slot games give you an unforgettable gambling experience. So, if you still have no idea what are progressive slots and how to play progressive slots, continue reading this post.

Progressive Jackpot Slots Definition

Progressive jackpot slots are casino RNG-based games featuring large prize pools and are capable of making one randomly selected lucky player a millionaire in just one spin of the reels. Looking just like regular video slots and using approximately the same game mechanics, progressives have an unlimited jackpot as their top prize, which increases in size over time. While progressives can be seen as a vicious cycle where the trap is your own desire for the jackpot, the rewards are tangible and history is full of large payouts made by both online and offline progressive slot machines.

How Do Progressive Slot Machines Work

You can play progressives like any other slots. This means that you have to choose the bet size, the number of paylines (if not fixed) and press the 'Spin' button to start spinning the reels. Usually, progressives offer two game modes - basic and bonus round featuring progressive jackpot. Obviously, the bonus round is very difficult to win, but if it were simple, then the progressive jackpot would be achievable for a large number of players. Moreover, its prize pool would not be so huge and impressive. Nevertheless, many progressives offer a strong base game with fairly large payouts to attract more gamblers.

All progressive slot machines online - and their land-based counterparts - add a small percentage of each bet made by any player to the overall prize pool. The current jackpot amount is displayed on a special counter. If you stop to look at this counter for just a few seconds, you will notice that the total amount is constantly growing. This happens as another sum in the form of a percentage of bets went into the total prize pool. If you are wondering whether progressive slots are better than regular slots, you should know that they are unique due to the fact that the maximum prize pool has no upper limit. One day, a slot that has been accumulating its prize pool for several months might make another lucky player a millionaire.

How to Play Progressive Slots

Although progressive slots generally work the same way as regular video slots, there are some differences in the gameplay and payout structure that you should be aware of.

Types of Progressive Jackpot Slots

Although all progressives accumulate their prize pool by taking a fee from bets made by players, there are three separate types of jackpots:

• Slots with a starting jackpot amount which increases. If the reset counter - for example, after another jackpot payout - shows zeros, the slot will cease to be in demand. Therefore, many vendors launch their progressives with some starting prize money of quite a large amount.
• In-house jackpot. There are slots whose prizes are accumulated within a single casino. This jackpot, also called the local jackpot, is likely to offer a smaller payout than the online progressive jackpot.
• Network Progressive. This progressive offers the biggest jackpot as its prize pool is accumulated from bets made by players at several casinos at once. For example, Mega Moolah, a popular hit from Microgaming included to gaming catalogs of tons of online casinos, is able to accumulate multimillion-dollar prizes before making that big payout.

Note, some players confuse progressives with the so-called built-in jackpots, which are the maximum possible payouts in the game for the most valuable combination landed on the reels. The main difference is that the built-in jackpots have a fixed size and do not increase over time.

How Often Do Progressive Slots Hit

To find out how often large progressive payouts occur, just look at the statistics (such as wheel of fortune progressive slot machine winners’ lists) available online. Each year is usually marked by large payouts made by both offline and online progressives. While the Megabucks land-based slot machines are currently the record holders for the largest payouts, their online counterparts are gaining momentum. There are several of the most promising online progressives with large prizes among which Mega Fortune and Arabian Nights from NetEnt as well as Mega Moolah and Mega Moolah Isis from Microgaming are the most in demand.

How to Win Progressive Slot Machines

No matter what jackpot-winning tips you find, there is no single formula that will help you reach the jackpot as progressives are RNG-based games of chance. So, we cannot tell you a few simple tricks that will help you get rich overnight. However, there are certain practical rules to follow:

• The higher your bet, the more likely you are to receive a multi-million-dollar payout. Moreover, some slots make the progressive jackpot feature available only to those who make max bets.
• Since the progressive jackpot is played in a special bonus game, make sure you understand its rules.
• Stick to the rules of sound bankroll management so you don't wake up ruined.

Since the probability of winning the progressive jackpot is extremely low, avoid long playing sessions.

FAQ

Which Game Paid the Largest Progressive Slot Jackpot?

Megabucks slot machine installed in the Excalibur Hotel-Casino on the Las Vegas Strip has made the maximum payout of about $ 40 million. Remarkably, this lucky guy who hit the jackpot, spent only about $100 on bets.

What Are the Best Online Progressive Slots?

There are a number of online progressives from Microgaming and NetEnt including Mega Fortune, Mega Moolah, Arabian Nights, Mega Moolah Isis and Mega Fortune Dreams which are the most promising options. Notably, Mega Moolah is the slot that has made over $1 billion in payouts over time.

How Do They Pay Out Multimillion Jackpots?

Since paying out the entire multimillion-dollar jackpot at once is a serious financial burden on the casino, payments can be made in installments over several months or years. If the jackpot payout falls on the shoulders of the software developer, it is more likely that the winner will receive the prize all at once.