If you want to play progressive online slots, this post will explain how to do so. In fact, it probably won’t be the longest post in the world, because playing progressive online slots is no harder than playing any other type of slot machine. You put your money in, hit the spin button and you hope for the best.
But what I’ve tried to do with this post is give you enough information to understand how progressive online slots work that you can become an educated player. You can check out our complete progressive jackpot guide for more information. Not all of these tips will apply to you, but I suspect that most of them do, regardless of your level of expertise. Let’s get on with it!
What is a progressive slot machine and how does it work?
What is a progressive online slot machine and how does it work? Most people know what a slot machine is, but if you are completely new to the subject, here is a brief explanation of slot machine games. Slot machine games are gambling machines with spinning reels. Each reel has symbols on it, and the point at which each reel stops is determined randomly. A particular combination of symbols on the payline leads to a payout.
The simplest version of a slot machine has three reels and a pay line that runs horizontally through the middle of the machine. Modern slot machines are usually more complex than this. They may have five reels and the paylines appear in a dazzling pattern. You must also bet on each payline individually. The easiest way to describe the paylines is to compare them to a variation of bingo games. They always run from left to right, but sometimes they are in a jagged shape. You also have symbols for the rows located above and below the center payline.
Originally, slots were driven by metal reels, springs and gears. Now, the reels are just for show. A computer program called a random number generator (RNG) determines the outcome and programs the probabilities into the RNG. This allows coin machine manufacturers to build larger machines with more possible symbols and different probabilities for each symbol. This process is called “weighting”.
On an old mechanical slot machine with 10 symbols on each reel, the probability of any given symbol appearing is 1 in 10. But as the weights are put in place, some symbols may be programmed to appear more often, while others are programmed to appear less often. You may have some symbols appearing as often as 1/5, while others appear as often as 1/20 or 1/50. And, of course, the probability of getting multiple winning symbols is calculated by multiplying the probability of getting that symbol on each reel.
It is important to understand this part because it clearly shows how casinos can offer such large progressive jackpots without losing money. In order for casinos to make money from online slots, they need a statistical advantage. They get this advantage by paying out at odds that are lower than the odds of winning. The difference is in their long-term profits.
To offer a 6 or 7 digit jackpot, they need to be able to get 6 or 7 digit odds: 1 on the mechanical reels. I’ll talk more about probabilities and odds later. However, progressive slots is a game where the progressive jackpot gets bigger over time – as it is played. A small percentage of each wager goes into the progressive bonus. You will find three different types of progressive online slots.
- The first is the independent progressives. This is a game where the jackpot is exclusive to that game. Every bet placed provides a progressive jackpot for that machine. The auto-collector does not move unless someone plays on that machine.
- Second is the LAN progressive. This is a game where multiple slot machines in the same casino share the same progressive jackpot. If someone plays any machine in that gaming network, then the jackpot grows on all those machines.
- The third is the Wide Area Progressive jackpot. This is a game that is networked with multiple slot machines in multiple locations. These progressive jackpots become huge because there are many people playing them.
Once someone wins one of these progressive bonuses, it resets to its initial value and starts growing again.
Where can you find progressive online slot machines?
Although slots are more popular in the US than in Europe, you can find progressive slots in almost every casino in the world. You can also find progressive slots at Pnxbet online casinos in the Philippines. The games available online vary depending on the type of software used by the casino.
You can find these games by looking for games with progressive jackpot codes at the top of the machine. This is the numerical display of the jackpot size. This number changes (grows) almost constantly as the large range progresses, which adds to the excitement of potential players.
Odds, probabilities, house edge and return percentages
The method most gamblers and casinos use to measure the odds of an online slot game is the payback percentage. This is a statistical average of the money spent on the machine, expressed as a percentage of each bet that should be repaid to the player in the long run.
Since the payback percentage is almost always below 100%, it is clear how profitable the casino is. The lower the rate of return, the faster you will lose money playing the machine. The payback percentage is simply a function of how much you win for each combination multiplied by the probability of hitting that combination.
These machines are not programmed to run in cycles or to start losing after a certain point to guarantee a certain return on investment. The payback percentage is strictly a function of probability and expense.
For example:You may have an online slot machine that pays out some kind of prize 45% of the time. The size of those prizes multiplied by the size of those prizes is what determines the payoff. One way to think about it is like you’re playing a simple gambling game where you’re flipping a coin and guessing which side it will land on.
If you win, you get 50 cents. If you lose, you lose 55 cents. Half the time, you’ll win, but the other half of the time, you’ll lose even more. Over time, you will lose all your money. This is how the math and probability behind all casino games works.
Most online slot machines have a return of between 75% and 95%. Many factors determine the return on investment for a particular machine. In more competitive casinos, you will usually see a higher rate of return. In airports and bars, you will see a lower percentage return on that percentage. At casinos on the Las Vegas Strip, you will see higher end percentages of return.
In addition, the denomination of the online slot machines is also a factor. Casinos make more money from players betting $3 per spin than they do from players betting 75 cents per spin, even though the payback is higher at $3 per spin.
Even though the casino advantage is twice as high in the lower stakes games, the casinos make less money per hour on average. You also need to keep two things in mind as they relate to progressive online slots.
The first is that a small percentage of each wager fuels the progressive jackpot directly from your payback percentage. It must. So, once you take into account the contribution to the progressive jackpot, a game that would otherwise have a 95% payback will only have a 94% payback.
The second is that the payback percentage assumes that you will sometimes win the progressive jackpot. But in reality, you may never win. The larger the progressive jackpot, the less likely you are to win. This means that after you take into account never winning a progressive jackpot, the 94% return may only be 90%. For this reason, progressive slots will always have worse payouts and returns than regular old slot games.
You should also take advantage of any type of giveaways and freebies that the casino is willing to offer. These only account for between 0.1% and 0.5% of your action, but you should get as much action for your money as possible.
Of course, none of this applies to online casinos. Also remember that for Philippine Pnxbet online casinos, many of them limit the bonuses paid to players to a specific maximum dollar amount per week. If it takes you 100 weeks to collect, then winning $100,000 will be a lot less fun.
Performance tips and tricks
Other than that, I don’t have many tips and tricks to offer a progressive online slots player. Make sure you wager enough to qualify for the progressive jackpot. Some games do not require you to wager the highest to qualify, but some do. You can read the paytable to differentiate the difference. If you don’t wager enough to win the progressive jackpot, find another machine to play on.
Other than that, try spinning the reels more slowly. On average, the more spins you pay out, the more money you lose over time. If you spin 300 spins per hour instead of 600 spins, you could lose half of your money on online slots over time.
Also, you should never use the money you need for anything else. You are delusional if you think you will get lucky and solve all your problems by accumulating bonuses.
A simpler way to win a life-changing prize
Michael Bluejay has written a great article on how the winner of a table game is more likely to win a million dollars. In other words, you might bet $10 on a number in roulette and you will win $350. Then bet the entire $360 on one number again. This time, you will win $12,600. Bet all $12,960 on one number again and you’ll win $453,000+. What are the odds of winning all three bets in a row? 1/38 X 1/38 X 1/38, or about 1 in 55,000. These sound scary, and they are. But they’re still much better odds than winning that progressive slot jackpot.
That’s it, really. As I mentioned at the beginning, playing progressive online slots at Pnxbet Casino Philippines is not that hard. You put money in and hope to win enough money to last the rest of your life.
I don’t usually play progressive online slots myself. I don’t like the odds. But I will play some leisure time just for fun, and I think that’s the best way to go. People win progressive slot jackpots every day, and your chances of winning are as good as anyone else’s.
The only strategy you really need to remember is to make sure you bet enough to win the progressive jackpot. Some games do not allow you to win the jackpot unless you wager the maximum number of coins. Other than that, these are games of luck. Treat them as such.