Walking out of a casino with millions of dollars in hand after winning a slot’s jackpot prize, the fantasy of every casino patron. That’s why people play slots after all – they want to win the largest payouts ever!
What are the slot machine odds of being one of those people who took home one of the coveted jackpot prizes? Is there a way for you to improve your odds of winning the progressives?
ODDS OF WINNING LARGE JACKPOTS IN SLOTS
Your chances of winning any major jackpot start at 50 million to more than 100 million to one. The likelihood of winning a slot jackpot depends on the slot game’s RTP rate and variance.
Take note that these odds are provided by a handful of software providers, which tend to be different from the actual probability of a game. Certain slots can reach up to 600 million to one likelihood of winning the jackpot.
Slot jackpot probability mentioned here is from local and wide area network progressive slots instead of fixed jackpots. When people spin the reels of these slots, the jackpot amount grows. Local progressives only count the spins from machines within the vicinity while wide area network progressives count spins from players around the world. Expect the former to have a low jackpot prize than the latter because of the availability of these games.
At this point, you are likely thinking of how to win jackpots on slot machines given the unsurmountable odds associated with progressive games. One method to improve your odds is in playing higher denomination slots.
HOW CAN PLAYERS WIN SLOT JACKPOTS
To understand how slots determine whether you win the jackpot or not, we need to cover the basics of the PRNG algorithm. Every online and video slot uses a PRNG algorithm to determine the results of each spin. This algorithm uses seeds and entropy data to create multiple authentic results. To achieve “real randomness”, entropy comes from real-world factors such as the system clock.
To have the jackpot within your reach, you need to spin the reels with the specific seed and entropy data (likely the specific time) set. Take note that this is just going to give you a chance at winning the jackpot. You also need to get one of the multiple results generated by the specific seed and entropy.
Play Higher Denomination Games & Max Bets
When you play higher denomination games, you get a better payout upon your wins and a better edge against the house. When you play 1 to 5 cent denomination games, you only get a payback rate of 84% to 89% with a player edge of around 84% to 88%. Going for slots that costs a dollar to spin, you get a 93% to 95% return and an edge of up to 95%.
Higher denominations are one of the achievable slot machine tips to win the progressive jackpot prize since you are increasing the number of spins or chances. It is important to note that you are exchanging better jackpot win odds with higher risks. These denominations can result in losing more spins over a set period. On the other hand, the massive jackpot prize is worth taking on a bigger risk than playing it safe with small bets.