A simple jackpot slot basically is different from a progressive one in a way that the jackpot prize in one stays the same throughout. However in a progressive jackpot slot, as the name suggests, has a jackpot that rises gradually and is progressive in nature. So, naturally, progressive jackpots are the more interesting and wild cousins of the regular jackpot slots!
How does all of this work?
The progressive jackpot slots have a sizeable jackpot price that rises and rises until a very lucky player comes along and grabs the prize. A regular jackpot slot has a fixed prize for a fixed combination. As more and more number of people play the slots, the money not won adds to the jackpot; a portion of it at least; and that keeps the jackpot prize rising.
However, once in a while, a player comes along, and gets very lucky and grabs the award. This sizeable windfall forces the jackpot prize to fall considerably. But as more people play again, the prize rises again, and so the cycle continues.
The cost for these slots
Now, people may wonder that if the jackpot prize keeps rising, if no one claims it, then it must grow to a colossal amount of money. It’s tempting, to say the least. However, some people think that it must cost high to get a chance of winning that much. But this is not valid all the time. A progressive jackpot slot costs slightly more than a standard jackpot slot. But there may be other conditions or game buy-ins attached to its use. But that is very rare. So you get a bigger chance of winning an even larger amount. Too good to miss!
Why does the jackpot rise so fast?
As the jackpot prize rises to a considerable amount, more and more people watch it growing. The more it increases, the more people are attracted. The rising jackpot seems too good to resist, and they rise to the bait. Players want to dig this, so they play which increases the jackpot even more. This cycle continues until they announce a winner. At this point, the prize is reset, and the cycle begins again.
You might think that this progressive jackpot is too good to be true as a casino will never have these odds but that’s not true. The odds of winning are considerably rare. As more and more people play, without winning, their opening amount goes to the casino of which only a percentage is added to the jackpot, and the rest is the casino’s share of money in all of this. This means that once the prize has reached high enough, it mostly consists of the players’ lost money and not the casino’s own money. This gives an edge to the casino and is a win-win situation for everyone in reality.
In addition to this, to raise the jackpot prize, even more, some casinos introduce network slots. These mainly involve players from all over the world, from one corner to the other. As more and more people see the rising prize, they tend to play it more which is very advantageous for the casino itself. Some network jackpots actually link the jackpot slots of different casinos to increase the odds even more. Even if you play a slot of one casino, it will be related to all the casinos. If you lose, the prize jackpot of all casinos will rise as they are all linked. So, in general, the progressive jackpots are very excitable slots with tempting prize money that seems too good to miss!