Jackpot Slot Machines – Everything You Wanted to Know
Jackpot slot machines are a staple in any online casino and a big crowd draw because of the massive flashing lights blinking million dollar prizes. They’re really like every other slot machine, but jackpot slots have one special difference, they’re pool of money is connected between several machines (this type is called progressive jackpot slots). This is how it is in both land based casinos and online casinos. Each time someone makes a wager on a jackpot slot, a portion of their losses go into the giant jackpot.
Consider ten machines connected, one hundred machines or, in the casino of online casinos, millions of players connected. You will quickly get the idea of how the wins get into the million dollar figures. These games often have jackpots larger than national lotteries and you can spin the reels ten times in the time it takes to buy a lottery ticket. So the obvious appeal are the large jackpots, but deeper still is that instinctual gambling desire for the big payout.
Tips for playing Jackpot Slot Machines
Having played thousands of online slot games over the years and hundreds in the casinos, I feel that I can offer some expert advice.
Here are some tips that you may find useful for playing jackpot slot machines:
Manage that Money: You may have thousands of dollars built up in your account, but it only takes a few hundred to play to your first win. When playing slots, the objective is to maintain a balance between wins and losses. Playing with more manageable amounts helps you to keep track of those losses in your head.
Times Vs. Luck in Slots: Take the amount of money that you have and divide it by the lowest wager amount at max bet. Then do the math on the highest wager possible. At one-hundred dollars and a three dollar wager, you get thirty-three spins. With a wager of fifty-dollars versus your one-hundred dollars, you only get two spins. The win would be immense on that fifty dollar wager, but two spins is nothing unless your luck is spot on.
Max Bet is Your Friend: With most jackpot slots, you will need to bet the max for your coin amount in order to be eligible for a jackpot win. Do not make the mistake of hitting five scatters and missing out on a jackpot because you forgot to hit max bet.
Eyes on the Prize: Even though your real reason for playing is that huge jackpot, it is important not to let that drive your next play. There will be a lot of times that you are getting to your last dollar and the machine keeps looking like it will hit. If you can afford that, press through that is fine, but if you want to stay in the game, it might be a good idea to find another slot machine. Greed is a really good motivator and the idea of winning that jackpot will keep you pressing spin, but you still need to be mindful of the win/loss balance.
A Little Casino Recon: It is always good to know how high the jackpot got to before it was last won. Has it ever been won? Playing a slot machine game with a large jackpot in the hundreds of millions may mean your chances of winning are very slim. It took a lot of spins for that game to collect that prize. Then again, chancing it and giving the spin to luck, you may possibly win, but once again, very slim chance.
Jackpot Slot Machines are Fun: If I’m being honest, I really only have fun when I am winning at slots. When I start frowning at a jackpot slot machine, I then know that it collected more from me than what I wanted.
Play for the Big Win: So, the funny thing about progressive jackpot slot machines is that sometimes the winnings from a regular win can be larger than the actual jackpot. I find this to be true a lot of times with Betsoft games. In a game like Slots Angels for instance, there was a seven-thousand-dollar jackpot and I had a spin land on a twenty-thousand-dollar win. That’s why players should just play jackpot slot machines like any other slot game and consider the jackpot a nice bonus if it happens.
Types of Jackpot Slot Machines
The first two categories for jackpot slots are online and land based. There are then subtypes of those categories. There are three subtypes of progressive jackpot slots which occur in both land based and online slots. The first type is the wide area progressive, the second being stand alone and third being single casino progressive or ‘local’.
Wide area jackpot pool: this refers to a casino network jackpot in which several casinos participate and send money into the jackpot pool. This can be an area as large as a province, state or even globally when considering online casinos. This type of jackpot can quickly become very large and there are also more players contending for the win. Some of the largest jackpots in a wide area gaming network are the Microgaming Jackpots.
Stand-alone jackpot slot machines: these are jackpots which are slot machine specific. The money that is taken in by the house is kept to that online slot so the jackpots tend to be much smaller. This type of jackpot is oftentimes divided into three jackpot sizes of mini, medium and large depending on the software company that developed the game. These are the jackpots that you can win the most often and typically stay very low because of that fact.
In-Casino Jackpot Games: So this one gets a little complicated for online casino jackpot slots. The idea with this subtype is that there are several of the same slot game that feed the jackpot pool. With online casinos, they deal more with sessions than machines, so online casino jackpots can technically be considered this subtype. In land based casinos it is what it is, in that there can be rows of games all connected to the jackpot. That means paying into it and collecting from it. So the player sitting next to you could be making that jackpot larger for you with every spin.
Jackpot Wins are Always Newsmakers
I never understood this, but when someone hits a massive jackpot, just like a big lottery win, the local media makes it a story. Recently an older couple pulled 2.4 million dollars from a jackpot slot machine that had not paid out in well over twenty years. They of course had to put them in the spotlight.
So here’s the advice on this one, when playing a jackpot slot machine at a casino, be sure to have your best clothes on because there’s going to be a picture. Online jackpot slots winners may not have that concern immediately, but online casinos love to get their name out there. When you collect the cheque, expect to be called upon for a photo and a few words how you will spend it.
Jackpot Slot Machines from Olden Times Circa 1989
So in referring back to the couple that won all that money from the slot machine that had not paid out in years and years. It reminded me about a case in 1989 that was heard by the Nevada Gaming Commission. The case involved algorithms that were deemed as proprietary by a slot machines manufacturer in which they created “near misses” and way to many of them to be fair. Near misses are really just that, whenever you watch the symbols lining up and they are about to hit that jackpot or any win, and then “missed it by that much” to quote Maxwell Smart. So it was deemed unacceptable, for the real reel version, but surprisingly, the mapping of reels for virtual games like online slots or those now found commonly in online casinos for near misses above and below the payline are acceptable. It is a very interesting topics, especially in relation to jackpot slot machines and online slots. There is a scholarly article that covers the exact topic, in relation to a player’s reaction to a near miss.
What’s the Verdict Then?
Jackpot slots can be fun for a short thrill. In the long-game in playing online slots and slots for wins, personally I don’t seek out a jackpot. The large wins are fun to dream about winning, but I will stick to just playing for the short wins and lots of them!
What to do with Your Jackpot Winnings
Wow, ya that is totally up to you, grats! However, if you are feeling generous, the email is [email protected], I’ll be happy to count the money for you.