I have been seeking out the online gambling websites with the biggest jackpots for a while now. What I have found out is that all of the biggest progressive jackpots are all slots. These are the only progressive jackpots that grow to over $1 million.
The second closest is usually the Caribbean Stud Poker jackpots or any jackpots that use a Royal Flush as the trigger the 100% winner of the progressive jackpot. This is because the odds of getting a Royal Flush in a 5 card stud hand is about 1 in every 650,000 hands. However, the player still needs to bet the $1 progressive to win the progressive, which may not always happen.
The only way that a slot machine progressive can be a higher total is if it pays out less often than Caribbean Stud. This is the problem; you are hoping for a more than one-in-a-million spin on a progressive slot jackpot which makes it more like a lottery.
Winning the Progressive Jackpot in Slots
So, why isn’t the progressive jackpot won very often? This is primarily because millions of people play the lottery, which makes it likely that someone beat that one in several million chance. However, you are paying $5 or so per spin for a chance to win a progressive slot jackpot. This is something that only several thousands of other players are doing.
Because of this, the odds that one player will spin the one in several million payline hit is very low. If 10,000 progressive slots players all played 1000 spins on a progressive jackpot, it wouldn’t even equal the chance of one person hitting the Powerball or Mega Millions every drawing.
The reason is that there is usually a 3/64 chance of receiving the progressive jackpot icon (something every slots jackpot has) on any one reel (64 virtual stops on the reel and 3 stops that show on the reel). This means that there is only 1 jackpot icon out of 64 on the reel. Multiply that exponentially by 5 reels and you have a very low chance. Not as low as winning the lottery, but your chance still isn’t that high.
Best Progressive Slots
Now that I’ve drummed the odds of winning the jackpot into your heads, its time to give you a real reason to actually play a progressive slot machine.
One thing that you need to understand is that there are many people who win big at online slots sites progressive jackpots.
The money doesn’t just all go to the winner in a lottery draw. People with 3 or 4 numbers will still win something. This is the same in a progressive jackpot. The odds are that you will still be able to win several hundreds with a single spin.
Progressive Slots usually pay out at about a 95% rate. This means if you keep playing thousands of spins, you will eventually be expected to lose overall. However, the slot machines are programmed to balance this out. If everyone lost all of the time, no one would ever play slots. One of my friends hit a payline for $15,000 on a $5 spin, which is almost as good when you figure that the average person playing with a casino bonus will get about 1,000 to 2,000 progressive slot spins.
Do you want to know what the best progressive slots are? I’ve already done several of them. Because I live in the US, the only online slots jackpots that I can play are with the online casinos that use RTG software. RTG has the same progressive jackpot slots amongst the online casinos that use there software. That is why you can find them at multiple online casinos.
My favorites are Cleopatra’s Gold, Aztec’s Millions and Jackpot Pinatas. However, this is just the tip of the iceberg. Many progressive slots have only a minor jackpot of $200,000 to $500,000 and there are still more with basic slots jackpots between $5,000 and $50,000. Any of these slots will pay out around the same overall and you will have a chance to win hundreds to thousands or dollars on a single pull.
For the European visitors to my site, the one progressive slots jackpot that I can suggest is Mega Fortune (jackpot over €4 million) that is hosted at online casinos that use Net Entertainment software like Casino Euro.