What are Progressive Slot Machines?
The Ultimate Progressive Prize
This changed when the progressive jackpot was introduced. Progressive slot machines were developed so that the jackpots would increase steadily until they were won. Once a player won the jackpot the amount would be reset to a predetermined amount and then it would slowly increase as it was played.
What Makes it Great?
The brilliance in this concept is that the players are building their jackpot, not the casino. Each time a person plays, a small percentage of their wagered amount is put towards the jackpot. The jackpot continues to grow until it is hit. As the jackpot grows players are enticed to play more and more because of the larger payout.
The dirty little secret about progressive jackpot machines is they usually are set at a lower overall payback. That means on average players will lose more money on these machines because of the lower payback. Many players ignore this fact in an attempt to hit the big payday.
The high dollar progressive jackpots can be irresistible to some players because of that life altering jackpot. However, there are thousands who have to lose so that one person can win. In general, slot players are better off playing machines that have a higher payback percentage especially for those players that play slots regularly.
Risk vs. Reward
If you decide to play large dollar progressive slots just realize you are playing a lower payback game and will probably lose. Make sure you ALWAYS play max coins on these machines so that you are qualifying for the progressive jackpot.
If you cannot afford to play max coins, do not play these machines.