Online Casino Progressive Slot Machine Basics
Progressive slots machines are a range of slots which have been banded together are by a network. The progressive jackpot is made by taking a percentage of all the money played into the machine. This means that the jackpot continues to grow as more people play the machine until somebody hits the winning symbols for the top award. Because a percentage of the coins played form the Progressive slots jackpot, the actual payback percentage will be less on the other winning symbols and in some case the payback percentage on the Progressive machines will be less than other machines in the casino. This is true for the machines that offer the life changing jackpots. Not all progressive machines are the same. There are actually three different types of progressive machines.
The Stand Alone Progressive Jackpot Machine
The stand alone progressive jackpot machine will not be linked to any network. It works by taking a percentage from each bet placed on the machine and then pays out once a winning combination is hit. There is no fixed jackpot – it all depends on when a player hits the right combination. This works well for slots players, because the jackpot amount is displayed at all times, so players know how much could be won. The only down side to this type of progressive jackpot is that the total prize is not anywhere as big as a progressive jackpot which is linked to a network.
In House Progressive Jackpots
This progressive jackpot links the slots machines within a casino together. In some cases, a holding company can own more than one casino and this could result in the machines from several casinos linking all their slots into a progressive jackpot under the same umbrella. The payouts are generally quite impressive. These are a group of machines linked together and owned and operated by the casino.
They may be just in a single casino or linked together with several properties if the gaming company owns more than one casino. The jackpots may not be the multi-million variety but they can be quite a substantial win in some casinos. They generally hit more often that the big wide area progressives.
Wide Area Progressive Jackpots
These machines are those which pay out the really big cash. This is because the progressive jackpot is linked between numerous casinos – most of which are unrelated. The progressive jackpot is usually operated by an external company to ensure parity. Although the payouts are much higher than other progressive jackpots, the actually [percentage paid out is relatively low.
