With prizes potentially reaching millions, it’s no surprise that progressive jackpot slots are among the most popular games. If you’re looking to try your luck, check out Phpark Slot, a leading online casino offering progressive jackpot slot games, explore this platform to learn how to play and win from exciting progressive jackpots.
How so Progressive Jackpots work at Phpark?
Progressive jackpots in online casinos work similarly to those in traditional casinos: the top prize grows incrementally by adding a portion of each bet to the jackpot pool. By integrating a single jackpot pool across multiple games or even multiple casinos, progressive slots offer much larger prizes than regular slot machines. When a player finally triggers the jackpot, the prize resets to a starting value, often referred to as the “seed.”
Each progressive slot game has its own rules for triggering the jackpot. Usually, the jackpot is activated randomly, but some games require players to achieve a specific symbol combination or fill the grid with a single symbol, and so on.
Are Progressive Jackpot Slots fair?
Like other slot games, the fairness of progressive jackpot slots is determined by the Return-to-Player (RTP) rate, which contrasts with the house edge—the long-term profit margin the casino expects to make. However, beyond RTP, other factors, such as the contribution rate to the jackpot pool, should be considered when assessing the fairness of these games.
Below, we’ll explain these factors to help you choose the right games at online casinos.
Contribution rate
The contribution rate to the jackpot pool typically ranges from 1% to 10%, with 5% being common. For example, if you bet $5.00 on a slot with a 5% contribution rate, $0.25 from each spin will go toward the jackpot pool.
If a slot machine has an initial RTP of 96%, and 5% of the bet goes to the jackpot pool, the actual RTP of the game drops to 91%.
Winning a Progressive jackpot
Winning a progressive jackpot is a rare event. The specific odds of winning vary depending on the game, influenced by factors such as the RTP, volatility, and payout frequency set by the game provider or the casino. On average, the odds of hitting a progressive jackpot are about 1 in 75 million.
In terms of prize amounts, ranging from hundreds to millions of dollars, jackpot slots are highly volatile. This means they pay out infrequently, but when they do, the payout is enormous.
Certain rules also affect the chances of winning the jackpot, for example, many slots connected to progressive jackpot networks require players to bet the maximum amount to qualify for the top prize.
Types of Progressive Jackpot Slots
Progressive jackpot slots generally operate on the same principle, but they can be categorized into different types based on how the prizes accumulate:
Standalone machines
This is the oldest type of progressive slot, where the jackpot is accumulated only from bets placed on that specific machine, without linking to any others. These machines are commonly found in land-based casinos or slot clubs, and Novomatic is a well-known provider of such games.
Local or in-house jackpots
With this type, machines within the same casino are linked together to increase the jackpot quickly, creating opportunities for larger payouts.
Wide-area or network jackpots
This type of jackpot connects multiple online casinos or gaming platforms, forming a vast progressive prize network. A prominent example is Mega Moolah by Games Global, where the prize pool is contributed to by hundreds of participating casinos, leading to payouts of millions of dollars. Another standout network is Dream Drop from Relax Gaming, launched in 2022, which offers massive jackpots through random triggers.
Tips to win big on Progressive Jackpot Slots
As mentioned, the odds of winning a progressive jackpot are usually 1 in 75 million, compared to 1 in 14 million for hitting the top prize in a 6/49 lottery game. So, is there any strategy to improve your chances of winning a progressive jackpot?
While conventional strategies may not be effective, here are a few tips to maximize your chances when playing progressive jackpot slots:
Bet max when required
Many progressive slots require you to bet the maximum to have a chance at winning the largest jackpot. Pay attention to the game rules and ensure you bet enough when necessary.
Set a reasonable budget
The allure of big prizes can be tempting, but it’s essential to avoid overspending. Set a clear budget for playing and stick to it without going over your limit.
Play when the jackpot is high
Avoid playing when the jackpot has just reset to a low level. Join in when the jackpot is higher to optimize your chances of winning a significant prize.
The most attractive progressive jackpot slots feature the largest jackpots and special features. However, evaluating every aspect, including fairness and volatility, is essential. At phpark, our internal review process examines every facet, ensuring that our slot game reviews are detailed and objective, and that you can trust them.