Progressive Jackpot is the feature most commonly used by online casinos as a variety of a most thrilling entertainment to attract players with. The amounts of these jackpots sometimes are incredibly big, in which case online casinos become particularly eager about producing a winner and thus ensuring an excellent advertisement for their site. But what is this entire jackpot thing about?
A typical progressive jackpot is “fed” by several slot machines and this fantastic amount of money is available to be won by just one player at a time. For the progressive jackpot the amount of money accumulated by numerous slot machines means that the amount is accumulated several times faster and larger than in case of only one single machine. Each slot machine attached to the jackpot pay a percentage into a main pot. It should be mentioned, though, that the payback percentage of the slot machines attached to progressive jackpot is affected by this percentage they have to give away. This basically means that the payout percentage of such machines will be considerably lower than of non-progressive jackpot machines. This fact, however, is compensated with the possibility of getting the life-changing hit that winning of such a progressive jackpot provides.
There are certain variations between progressive slot machines which can be of three different kinds. The first of these three kinds, called an In-House slot, is managed by one casino as well as can be connected with other slots in the same casino or with those in other casinos that belong to one association. Such an In-House machine is easy to distinguish simply by the number of machines paying into its jackpot.
Stand Alone Progressive will seem less attractive thatnthe In-House slot, as the progressive jackpot of such a machine is not generated by percentage from a number of different machines. Instead it offers different wins. The Stand Alone offers smaller payouts against minor wins, saving the bigger amount for the largest win. Area Wide machines are the ones that provide the major progressive jackpots.
These main varieties of progressive slots can be found in land-based as well as in online casinos. The machines in several casinos and casino chains may all be connected to each other. This is possible due to the fact that online casinos are managed as a rule by independent operators; a fact that makes it easier for them to conquer competitive fields as well.
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