Casino games bring in over $6 billion in revenue annually. For you to win a substantial amount, you have to find out which casino game works best for you – offers the best odds for you – since each one has its own unique odds and probabilities.
Of all the casino games to choose from, the most popular would be the slot machine, especially the one that offers a no deposit slot bonus.
There are three categories you can play: classic, video, and progressive jackpot slots. They say that if you want to win a big jackpot, then you need to play progressive slots. It’s the game that has the biggest payout.
What are progressive slots?
From the term “progressive”, this game doesn’t have a fixed jackpot amount. Instead, the pot money increases as more coins are placed in the machine. A small percentage of each coin dropped is used for the jackpot.
There are three types of progressive slots.
- Standalone Progressive
At some point, this was the only kind of progressive slots you can play in an online casino. There are still a lot of standalone slots machines found in casinos nowadays around the world. It’s called standalone because there’s only one specific machine that feeds the jackpot. Today, there are multiple machines where you can play progressive slots that are linked together. You’ll find that most progressive slot machines will have pot money of less than $10,000.
- Local Progressive
These are commonly found in casinos wherever you go and were the next in the evolution of progressive slots.
Local progressive can feature only a few machines or hundreds in a casino that are linked together, depending on where you play. Jackpots can go from $100,000 to $1,000,000.
- Wide Area Network Progressive
It’s one of the most popular casino games played anywhere in the world. It’s called wide area network progressive because it links different slot machines from multiple casinos in the same state, allowing the pot money to reach astronomical amounts. It can go from $1 million to over $10 million.
Some progressive betting tips
No matter how big the pot money can go, the chances of you winning the jackpot is still a one in a million.
To increase your chances, though, here are tips to keep in mind when playing progressive slots.
1. Decide first how much money you are willing to lose.
Just like with any other casino games, you can’t be betting money you can’t afford to lose. So the best thing to do is to determine first how much you can afford to risk.
One way to go about it is to decide on a weekly or monthly budget. Be sure you have a figure to rely on. Check your expenses and bills first to figure out how much money you have to spare. Once you have deducted all your monthly or weekly expenses from your income, you’ll then be able to determine your disposable income or the money you can afford to lose.
2. Determine a bankroll.
This is the next step after you’ve come up with a disposable income. You need to create a bankroll management plan.
The first step you need to take is to breakdown the amount into average bet sizes, making your funds more manageable and easier for you to control your spending. Then, figure out how long your bankroll is going to last.
On an average game of progressive slots, players can lose an average of 300 to 350 units. So if you have a bankroll of 5,000 units and you’re playing for a big amount, divide 5,000 with 350, which will give you 14.29 hours.
3. Understand that progressive slots are volatile.
This means that a short-term result is correlated with a statistical average.
With slot machines, payouts aren’t done at a 1:1 ratio. There are a variety of payouts that can range from one to even a million coins. No, slot machines aren’t consistent when it comes to payout because of how these games are designed. And when it comes to progressive slots, the volatility is higher in those machines with bigger pot amounts. So if a game developer decides to give $1 million payouts, you can expect the hit frequency to be much lower. This means that games with smaller jackpots are more likely to offer an even payout.
4. Know the jackpot rules for each slot you play.
You don’t want to not qualify for a jackpot. Make sure that you check the information on the Help screen before playing to know the general rules and jackpot qualifications. By doing so, you’ll know exactly what you need to do to increase your chances of winning.
One of the things that you need to do is to use every pay line, which is at least a penny for a 50-line slot. You can also be asked to make a side bet to qualify for the jackpot.
5. Set stop-loss limits.
It’s not a good thing to lose your whole bankroll in one session. A stop-loss limit is your sign to quit playing. This refers to the point you stop playing after you’ve incurred a number of losses. Setting smaller limits is the way to manage your bankroll.
A few more tips
Choose a winning slot machine with the highest payout. Find out the Return to Player (RTP) percentage to know how much a slot pays back its players.