Winning a Progressive Slots Jackpot
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There are two broad categories of slot machines: flat top slot machine and progressive slotmachine. A flat-top slot is a game where the top prize is fixed amount. Progressive slot Machine have top prizes that grow over time until they're hit.
The Megabucks slots in Nevada have the biggest progressive slot machine jackpot in the world. The biggest the jack pot ever got was in 2003 when it had risen to almost $40 million before getting hit. Online progressive jackpots can be as low as $500 or $600.
The expected return for a slot machine is the percentage of the money you get back in the long run when playing the machine. Expected return is based on the probability of winning the prize multiplied by the size of prize. The overall return of a game is determined by adding the expected returns for each prize and the overall profit. The expected total return on a machine with a 94% return means you expect to get 94 cents for every dollar you put into the game.
The size of the jackpot has an effect on the actual return on a machine. The theoretical return is different from the expected return.
The odds of winning a progressive slot machine jackpot are about 1 in 50,000,00. It would take 50 years of playing Megabucks as a full-time job to make 50 spins per hour.
There are three types of progressive slot machines: individual machines, local area-networked machines and wide area networked ones. The games with the biggest jackpots are the wide-area machines. The ones with smallest jackpot are individual slot machine games.
Winning a progressive jackpot is similar to winning the lottery. The casino will provide you with an earnings report. You can't claim more than you've won in a calendar year. You should keep a diary of your gambling expenses to defray some of the taxes you owe. It applies to any winnings at the casino over a specific amount.
There is no magic trick to wining at progressive slots. You just have to get lucky. The loosest slot machines are the ones nearest the walkways in the casinos.
Hitting the jackpot with progressive slot machines is something most of us will never achieve. If you do become a progressive jackpots winner, it will probably be on one of the games with the smaller jack pots.
