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Is A Progressive Jackpot Slot Worth Playing?

When the public thinks of the casino, they imagine the table games of poker, roulette and blackjack. But the biggest prizes come from the progressive jackpot slots. These machines combine the prizes from a network and these prizes can reach seven figures. But the real question is whether you should bother playing them, as they only pay out once in a blue moon. Perhaps you'd be better off playing a fixed prize slot machine, as at least it would pay out more often, but with a much smaller amount.

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Introduction: Is A Progressive Jackpot Slot Worth Playing?

Though many gamblers might claim that they played the slots because it’s a great way to pass time, in reality, or maybe in secret, they all hope to walk away with a massive progressive jackpot prize. Having said that, we’re sure that there are many gamblers who would be quite happy with a prize of any size. Nevertheless, when the gambler is playing on a progressive jackpot slot, some of the prizes on offer are so crazy and so huge that they really stretch the imagination. We can read, every once in a while, about the lucky gambler who manages to land a progressive jackpot and the life-altering money that comes with it.

In fact, over the last three years, progressive jackpots, like Mega Moolah, have made a select number of people very rich indeed. Whereas a regular slot may pay out $100 once in a while, with a progressive jackpot that figure can climb to seven figures. Knowing that there is a huge prize pot at the end of the rainbow makes progressive jackpot slots very tempting indeed. It’s as if the stots machine is beckoning you with a life-changing amount of cash, waving it in front of your face. This is very difficult for most players, or any mortal for that matter, to resist.

But we should ask ourselves whether going to casinos to win the jackpot playing on progressive jackpot machines, especially considering how rarely they payout, your time might be spent more productively playing other games. So that brings us to the question. Today would you be better off playing regular slots as opposed to progressive ones?

What’s A Fixed Jackpot Slot Machine?

These machines, whether they are being played at a real casino or a virtual one, as the name suggests, have a fixed top prize. For sample, if the most you can win from any combination of symbols is $500, then no matter what you do or how many other people have played the machine before you, you will never win more than $500 in a single payout. Have a look over any casino gaming floor and you’ll see hundreds of slot machines, and the vast number of them are fixed jackpot.

progressive jackpot

If you check the paytable on any of these machines, you’ll see the biggest prize is set in stone, and it doesn’t matter how often the machine is played, you cannot win more than the stipulated jackpot prize. And there is no jackpot winning tips or tricks to get around this fact. It’s the same story playing fixed slots online. Head over to Omni Slots Casino and play some of their huge variety of slots. They even offer a very generous 70 free spins for new customers.

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How Does A Progressive Jackpot Function?

A progressive jackpot is it completely different kettle of fish from a fixture prize slot machine. With these progressive jackpots, the sky really is the limit, and there are no limitations as to the size of a prize on offer. As a matter of fact, the size of the jackpot is determined by how many people have played the slot previously, as each time they put in a coin, a small percentage of that goes towards the eventual prize. So the more money that’s been put into the machine, then that the larger the prize grows.

Then we have different types of progressive jackpots. For example, some progressive jackpots are limited to a single machine. At the other end of the scale, we have an extensive network of slot machines covering maybe a state or even a country, and each machine contributing towards the single prize. As you can well imagine, with so many people playing the slot machines, if the jackpot happens to be tied to hundreds or even thousands of machines, then you can imagine how quickly the numbers can accumulate. It doesn’t take long for the top prize to reach millions of dollars.

With progressive jackpots, they often return back to zero after the major prize has been collected. and then once again, they start building towards the next life-changing sum.

Is Bigger Always Better?

If you’re looking at the prize money then it’s going to appear pretty obvious that playing progressive jackpot slots is the way forward. It’s a no-brainer that having the possibility of winning up to a seven-figure sum, means that your time will be well spent playing progressive slots. It’s hard to walk past a progressive slot machine when you know, in the back of your mind, there might be a possibility of entering the casino as a pauper, and then of leaving as a millionaire. You’ve read all the stories in the media and so know that somebody at some point has to win. Which means you have exactly the same possibilities as any other person.

But as we’re talking about gambling, and it’s called gambling for a reason, then you should always consider the actual likelihood of actually winning. In other words, it’s always a good idea to look at the odds. Of course, it’s true that from a purely statistical sense you have exactly the same odds as any other player. But keep in mind, as you put money into the progressive slot machine, that your odds of winning are minuscule. there’s no way you can increase your jackpot winning chances. The odds are so stacked against you that the probability of you seeing a life-altering amount of cash as a jackpot prize is, unfortunately, practically zero.

We can compare playing progressive jackpot slots with those people who buy a weekly lottery ticket. Yes, it’s true, someone does win, but notice also there are some weeks when, in spite of millions of ticket sales, there is no declared winner.

We suggest that you should approach playing progressive jackpot slots in the same manner as you would if you were purchasing weekly lottery tickets. In other words, don’t take anything too seriously. Enjoy your time playing and trying your luck but do not invest your whole bankroll into this type of slot. There are other jackpot games on the casino floor where you stand a much better chance of seeing a prophet. After all, slots are based upon luck and nothing else, whereas there are other casino table games such as poker and blackjack which require a certain input of skill, and will as result see you actually make some winnings.

Let’s Talk About Variance

In this article, we are not saying that progressive slots are not worth your time. Someone has to take home the huge jackpot once in a blue moon. And this is not the only prize to play for, as there is any number of smaller prizes to be won. Then we have to consider the fun factor. We like to think that this is the main reason for going to any casino.

progressive jackpot

As you’re probably aware, every single slot machine in any casino has the same likelihood of paying out a prize on any given spin. This is known as variance and is also called volatility. You’ll find that some slots payout regular prizes, but these are relatively small. On the other end of the scale, the massive progressive jackpots which, as you’re well aware, payout very very rarely. So a low variance slot pays out often but in small amounts. In contrast to a high variance slot, which pays out a huge prize but very rarely.

So if you’re looking at huge progressive jackpots, then you really want to find the highest variant slot in the casino. Take care when playing high variance games as you could well be playing for weeks on end without winning a single cent. Of course, an optimist would say that even if you were playing for weeks on end, and yet scored the massive progressive jackpot, then it would all have been worthwhile. If waiting forever to have a win isn’t your style, then head over to Omni Slots Casino, where they have a massive welcome bonus of 150% up to €500, plus 70 free spins, waiting for you.

Is It Worth The Effort To Play A Progressive Jackpot?

In truth, you are the only one who can know the answer to this question. It all depends on the size of your bankroll and on your appetite for risk. Playing any high variance games is going to see your cash reserve go down rather quickly without the possibility of replenishment. As we’ve said previously, we suggest you don’t take playing progressive jackpot slots too seriously. If you happen to pass by one on the casino floor, then, by all means, have a couple of spins. In all casino games, the basic rule of thumb says that the bigger the prize, the less likely you are to walk away with it.

Always keep in mind that you are visiting the casino, not with the idea to leave with a profit, which would be nice, but rather to pass a few hours enjoying yourself.