Progressive jackpot slots have a low payout rate but if you win – it can be life changing! Learn how to play smarter in this full guide.
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Progressive Jackpots
Playing progressive jackpot slots is one of the most exhilarating experiences at online casinos in the Philippines. Unlike classic online slots, games with progressive jackpots offer much larger prizes. Hence their growing popularity amongst gambling enthusiasts. However, although progressive jackpots could offer prizes worth up to millions of dollars, winning is not easy. In fact, landing a big jackpot is fairly rare. Of course, it’s very much possible to become the winner and the thrill alone is worth playing. If you want to learn more about progressive jackpots, how they work, and everything else in between – this is the guide for you. Moreover, we’ll give you some of our best tips to help you walk away with some cash.
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What is a Progressive Jackpot?
Unlike other casino games, progressive jackpot games offer a prize that is continuously increasing. Basically, every time someone plays the slot the final jackpot increases. Actually, the prize continues to rise in value until a lucky player wins it. Because of that, progressive slots pay a lot – a small percentage of every qualifying bet goes toward the jackpot.
However, anytime someone wins the jackpot, the prize resets to its default value and starts accumulating again. So, progressive slots are similar to lottery games in this regard. Unfortunately, the odds of winning are very low but the prize is huge and for many, it’s worth gambling for. But on the bright side, most progressive jackpot slots feature a jackpot meter which shows the size of the jackpot. So, you can always join a little later when the sum has become large enough.
How Does It Work?
Generally, the working principle of all progressive jackpot slots is that they build up over time. Essentially, a progressive slot jackpot rises by taking a percentage of every qualifying bet players make. For example, let’s say a player wagers $10 on a particular progressive slot and the slot takes 10% of that. This means that $1 of the player’s wager goes towards the progressive jackpot. Of course, how much goes towards the jackpot depends on the game. Usually, progressive jackpot slots are designed to pay out when the meter hits a certain number.
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How to Win a Progressive Jackpot
While playing progressive jackpots is as easy as placing a bet and spinning the reels, winning requires some strategy. So, here are some pro insights about the win mechanics of the game that you can use in your gameplay:
Play the Maximum Wager
Some online progressive slots jackpots can only be won when you wager on the highest stake possible. So, it’s important to take note of the rules of the slot before wagering. Especially when you hit the winning combination but didn’t satisfy the wager requirements, it can be very frustrating. If you are a low stake player – don’t worry, there are progressive slots that cater to your needs.
Play a Bonus Game
Another strategy you can use to increase your chances of winning the big jackpot is to play a bonus game. Sometimes, you can trigger a special bonus round in regular online progressive slots rounds. In this particular bonus game, you may have to spin a prize wheel which will determine your individual jackpot.
Play Must-drop Jackpots
A must-drop jackpot is a type of progressive slot that is programmed to trigger a win at a set deadline. This can be an hourly drop, a daily drop, or a big drop that falls at random. Fortunately, several progressive slots feature this type of jackpot. So, look out for this feature to increase your odds of a bigger win.
Hit the Winning Symbol Combination
In order to win progressive slot jackpots, you must line up certain symbols on a set payline. For example, the progressive slot jackpot may be triggered by lining up five special symbols on the 10th payline. If you can successfully line up the symbols, then you can collect a big win.
Understand RNGs
Winning progressive slot jackpots depends on a Random Number Generator. RNG for short is a piece of software that ensures game results are totally random and unbiased. Hence, it is important to understand the influence of RNGs when playing slots. Basically, with RNG, all slot game results are fair and random every time. Hence, there’s little you can do to influence the results.
Odds of Winning Progressive Jackpots
While playing slots with progressive jackpots at top Philippines online casinos is exciting, there are factors you should consider as they influence your winning chances. These factors include:
House Edge
Basically, the house edge is a built-in advantage that favors the real money casino. Typically, the house edge on slot games is around 5% to 10%, depending on the casino and the game itself. The high house edge slots pay out less on average over time in comparison to games with a lower edge.
RTP
The RTP, or the Return to Player coefficient, shows how much a slot game pays back in the long run. So, slots with higher RTPs give you a better chance of winning and vice versa. You can easily find the RTP value of a game by checking the info page about it on your casino’s site.
Volatility
Volatility is a term used to assess the risk of losing a wager when playing a slot game. In other words, it is a figure or rating, you can use to determine how often you can expect to win. Slots with progressive jackpots usually have one of three volatility levels: low, medium, or high. Simply put, the lower the volatility, the higher your chance of winning but the lower the jackpot.
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Types of Progressive Jackpots
Not all progressive jackpots are the same but they usually fall into one of four categories:
Stand-Alone Progressive Jackpots
As the name suggests, these prizes stand on their own and are not linked to any other slots. Usually, stand-alone progressive jackpots range between $1,000 – $10,000. Moreover, they have a low max wager amount which appeals to low-budget punters.
Wide Area Progressive Jackpots
Wide area progressive jackpots are shared across different slot games. So, if a slot belongs to that prize pool collection system, it will feed into and pay out the same jackpot. The advantage of playing a wide-area progressive jackpot slot is that the jackpot builds up faster. Moreover, the payout is more frequent.
Proprietary Progressive Jackpots
A proprietary progressive jackpot is a type of jackpot that links different slots at the same casino or operator. Unfortunately, to win this jackpot you need to wager large and the odds are a little slimmer. However, the payouts are big and certainly worth it.
Mystery Progressive Jackpots
Mystery progressive jackpots are a bit different from the other types of jackpots. You don’t have to bet the maximum limit when you play for this jackpot. Plus, you don’t really have to achieve a certain symbol combination either. So, when and how you win is a mystery.
Pro Tips to Win
Of course, all online slots are games of chance but there are still a few things you can do to play smarter. If you are playing progressive jackpot slots at a real money casino you might want to:
- Learn the rules of the game and apply a betting strategy;
- Have a budget for both your money and time, set a limit, and stick to it;
- Choose stand-alone progressive jackpot slots – they offer better odds;
- Play progressive jackpot slots when the jackpot is already pretty large;
- Play the smaller progressive jackpot slots for a bigger win.
Conclusion
Although the odds of winning progressive jackpots are not favorable, the potential payouts are certainly worth it. Besides, there’s nothing quite like the thrill of the risk. But even if you’re not a big spender and are looking to minimize risk, there are low stake options. So, progressive jackpots really are for everybody. Of course, they are games of chance but a good strategy can go a long way in playing smarter. If you are ready to explore, you’re definitely going to need a great gaming destination. Check out our casino reviews to see which top sites in the Philippines offer progressive jackpots.
FAQ
The frequency at which a progressive jackpot hit is dependent on the type of slot. But generally, progressive jackpots don't hit that often.
One of the easiest ways to tell when a progressive jackpot slot is about to hit is by checking the meter. When the meter is about full or full means the slot is due to fall.
Slots are games of chance but choose a slot that has a high payout. Also, choose a slot with the right level of volatility. Choosing a slot with a high return to the player increases your chance of winning a progressive jackpot.
A sure sign that you should walk away from a specific slot is when you experience multiple losses. There is no universally right time, you just have to decide for yourself how mmuch is too much loss and call it a day.
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