Online Casino Jackpot Guide for Progressive Jackpots

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A jackpot is called progressive when its value increases by a small amount for every game played. A large progressive jackpot is formed by linking together multiple gaming machines, slots or video poker machines of several gaming sites which offer a same game for its players. Such a progressive jackpot grows more quickly through the contribution of multiple players at the same time and may even change your life if you happen to win several millions, as is now not uncommon, although the chance of hitting such a life changing jackpot may be astronomically low. However, there are many Wínners Stories where a wager as little as $0.50 has brought a wins of whopping $5 million or more!

Microgaming's Progressive Jackpot Network. is the biggest on the internet, with 36 progressive games, each being offered by over 100 casinos powered by Microgaming software. Microgaming casinos have paid out over $280m to date!

The second largest progressive jackpot network is Playtech's Win A Jackpot network offering 18 progressive games played on the platforms of nearly 100 online casinos.

Progressive jackpot networks are also offered by Cryptologic, RealTime Gaming, Rival Gaming and Vegas Technology.

For the newbies in  the world of progressive casino jackpots:

• The amount by which the jackpot advances after each play is set by the "house"
• Usually only players wagering the maximum number of credits per play qualify to win the jackpot
• To win a jackpot, one generally needs to win the combination with the highest payoff, like a royal flush at a video poker game or a combination of the most valuable symbols on slot machines
• A Random Progressive Jackpot can trigger after the end of any spin even without any winning combination
• Progressive jackpot slots are classified in various categories like: Classic Slots, 5 Reel Slots, Bonus Games, Multi Pay Line and Multi Spin
• Many online casinos offer also progressive versions of blackjack, roulette, keno etc. 
• Each progressive jackpot has a jackpot meter showing the current money value. 
  
  

• Slot makers IGT launched and brought the first ever progressive slots in March 1986.
• The slot network began to get connected locally, then to other states, and now it is where it is today.
• IGT progressive slots were followed by others like Aristocrat’s Hyperlink systems and Bally’s Thrillion series.
• MegaBucks, Jeopardy, Wheel of Fortune, Betty Boop, Blondie and Cash Express come from these manufacturers.
  

This is your ultimate casino jackpot guide, where we try to get you all the info that you would need. And here are some useful facts about progressive jackpots, while you’re in the game.

Qualifying

If you are among those who are wagering maximum credits in a given round, you qualify to win a progressive jackpot. However, since all wagers add up to the progressive jackpot, all wagers count,whether they are maximum credit wagers or not. And therefore, a game that needs a credit bet of 20 will go up to higher levels, as compared to a game with a credit wager of anything lower, like 10.

The Break-Even Point

A break-even point can only be calculated in games where the payback percentage can be known. Therefore, a slot machine game is unlikely to have break-even point as its payback percentage is not known.

It is sometimes possible to calculate an“optimum playing strategy” by gauging the frequency of each payoff against chances of hitting that payoff, in games like video poker. Since progressive jackpots are always on the rise, with each game and higher bets, it may lead to a break-even point, which is advantageous for the players.

When a progressive jackpot fails to make it to the break-even point, there is a negative value for all players.