Progressive pokies are the best type of real money pokies out there thanks to their multi-million prizes. To play and win at progressive pokies, however, is a matter purely of chance.
In this article, we will explain what progressive pokies are in detail, how the big jackpots are generated, and more importantly – how they get paid out. Stick through to the end to find out all that you need to know about pokies and how they work.
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What Are Progressive Pokies and How Do They Work?
Progressive pokies are games where each time you make a bet, a small percentage of the bet is contributed towards a jackpot prize. Everyone contributes to the winning jackpot. To generate the millions that can become available in the jackpot, progressive pokies make it possible for different casinos to link their player bases.
In other words, when you play at a certain casino, you will actually be competing for the jackpot with players from other casinos. This means that there are thousands of people out there contributing and trying to win the jackpot.
Each game will have its own rules. For instance, Mega Moolah is the most popular progressive pokies game and it runs three separate jackpots. To even get a shot at qualifying for the jackpot, you will have to keep placing the maximum bet, which is 125 coins.
This is steep, but it’s the only way you can access the jackpot bonus level that gives you a shot at some life-changing sums. To put things in perspective, some jackpots go up to the millions, such as the legendary $20,059,287.27 jackpot won on Mega Moolah in early 2019.
What ultimately determines the payout are the casino’s specific Terms & Conditions, which brings us to our next stop – how are the jackpots paid?
How Are Progressive Pokies Jackpots Paid?
If you have ever spend a moment reading a casino’s Terms & Conditions about how payments are done, you may have seen a section that specifically addresses jackpots. There are different casinos with different policies. Some operators would release the bonus in instalments whereas others will pay the amount flat right.
While some people may see an instalment payment to be the worse option, you need to acknowledge the simple fact that the more you claim in a lump sum, the more you will lose in taxation. Lottery winners don’t usually claim the full amount at once, but would much rather have a steady income of around $55,720.24 a month based on the previous jackpot number we mentioned.
Even at 18% taxation in some jurisdiction, this still leaves you with a respectable sum in monthly income. Is this a reason good enough to pursue the jackpot actively? We look at whether it is possible to improve your chances when playing at jackpot pokie games.
How Likely Are You to Win a Jackpot?
You have rather long odds of winning the jackpot, or to put it this way, you have 1 in 13,983,816 chances of ever winning. If you need to play 14 million times, how can you ever win? How can anyone ever claim the pokies jackpot themselves?
This is a good question and it deserves an honest answer. Put simply, jackpot games are a matter of chance. There isn’t anything specific that you can do to boost your chances of winning – except to play more. However, by playing more, you will also end up spending more money.
Understandably, some of this amount will be paid back to you in the form of regular winnings, but not all of it. This is why it’s extremely important to be rational about progressive pokies. It’s always fun to have a budget and play with it, but going over it or expecting to change your life around is a bit excessive.
For this particular reason, players will need to remain aware of the possibility of never hitting a pokies jackpot in their lifetime. Yet, so long as you keep trying in moderation – or up to a point where your bankroll is not endangered, you are good to go.
After all, all progressive jackpot players have won through sheer luck rather than devising a strategy. And this is not bad news at all.
Practical Money Tips For Playing Pokies
Progressive pokies, as we have mentioned, boil down to luck. While we cannot promise you a 100% way of winning the jackpot, we want to help you never fall in compulsive gaming practices, and this is why we specifically pay attention to several tips. To always stay within your means you will need to:
- Set a budget – Even if you only have $25 to spend a week, don’t hesitate to do it so long as you don’t exceed that limit.
- Don’t try different games – The chances of successes are diminished with your decision to switch between progressive pokies. You need to stick to the same title.
- Keep following the payouts – There is no proof that suggests that progressive pokies jackpots are paid as per specific algorithm but it could happen, so keep tracking when people win the most.
Ultimately, you need to remember and remind yourself that all of this is purely for fun. There must be no expectation for a monetary return when you play jackpot games, and this is the best advice anyone can give you.
Are the Pokies with Progressive Jackpots Worth It?
Absolutely, while nobody can tell you if you will ever win, the thrill of the chase is very much what drives players to try time and again. Big payouts do happen – whether you play jackpot games or try our suggested list of pokies for real money. All you need to do is to stick with the rules that we have outlined as well as to acknowledge the other information we have just shared with you.
All things considered, so long as you keep trying – within reasonable limits – you stand an exceptional chance to win a good amount of money – whether a one-off jackpot or regular play.