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Progressive Slots
Every gambler has a dream. You know
it all too well because you have
that dream yourself. It’s the one
where you have the big win, you buy
the Ferrari, light up a cigar and
drive off down the empty California
superhighways to your beach bound
destiny. However, it often seems
that the dream can’t be realized
playing the slots as many machines
simply do not offer the massive
jackpots. One gets the feeling that
to win big on the slots it’s a
simple case of plugging away over
time and choosing to cash out on a
run of luck which has left the bank
balance in your favor. Certainly
in the past, with a limit on the
probability of any win being ruled
by the reels, it simply wasn’t
profitable for Casinos to offer
large jackpots on machines as they
odds couldn’t be reduced to
suitable levels.
Over the last few years slot
manufacturers have countered this
problem by creating progressive
jackpot
slot machines, or progressive
slots as they are known for short.
A progressive slot takes a little
from every credit and puts it into
an ever growing jackpot, then, when
one lucky player matches every line
with the hardest symbol to find in
the game, they get to take down the
entire progressive jackpot.
Obviously, the longer it takes for
someone to win the jackpot, the
bigger the jackpot gets, and the
more chance people feel they have
of winning it.
There are three main types of
progressive slot machines. The
stand-alone progressive slot
machine, which usually has a
glowing LED jackpot counter sitting
on top of the machine. In house, or
proprietary
slots are a series of slot
machines, all situated in the same
casino with a large, linked
jackpot; all machines contribute to
the jackpot but only one player
will walk away with the money. The
last type of progressive slot is
the one which offers the life
changing jackpots, and it’s known
as the wide area progressive slot
and each machine is plugged into a
network of machines which can be
situated across many casinos, or
even across the world. This last
type of progressive slot is usually
owned by an operator as opposed to
a casino, with the operator paying
a percentage to the casinos, and
because it costs so much money to
link the machines the payback
percentage on such machines is
usually lower. One can compare the
odds of winning the jackpot on the
wide area progressives to the odds
of winning on the national lottery.
The most famous wide area
progressive slot is the Megabucks
machine in Las Vegas. Over the
years the biggest Las Vegas wins
have all been through this machine
which is privately operated by IGT.
Lightning has even struck twice
with Megabucks when 92 year old
Elmer Sherwin won the Megabucks
jackpot some 21 years after his
first win. The gregarious old
nonagenarian pledged to give the
$21 million jackpot to victims of
natural disasters around the world.
However, this is still only around
half the money won in the biggest
ever progressive jackpot, which
again was on the Megabucks machine
of some $39.7million, won by a
young executive who took a chance
spin whilst on a trip away to see
the 2003 NCAA Basketball
tournament.
Don’t think that just because the
biggest jackpots are available in
Las Vegas that there aren’t
openings for massive progressive
wins for online slot players. With
the increasing popularity of online
slots there are more and more
openings for progressive players
all over the net. To give you an
idea of the money floating around
out there for grabs I’ve just had a
look at some of the biggest
jackpots. With over £2 million on
offer for the winner of the
Monopoly machine’s jackpot we could
go so far as to ask what you’re
doing still reading this? Click the
banner below to take a shot at a
$1,000,000 jackpot and get a 100%
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