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The Odds of Winning in Progressive Slots

 
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It’s exciting to dream about winning the big jackpot on the progressive slot machines, but is it really realistic to hope for? Just what are the odds on these games? It depends on the machine, but normally the higher the jackpot is, the lower your chances of winning it. Single-machine jackpots are usually paid out much more frequently than jackpots shared among several machines at the same casino. And machines linked among many other casinos pay out even less frequently.

If you are playing video poker, the odds are limited by the number of different hands that are possible. The odds can vary based on the variety of video poker you are playing and the hand you need to get to win the jackpot. For example, the odds are around 1 in 40,000 for getting the royal flush when playing a jacks or better video poker game.

For other types of slots, it is more difficult, if not impossible to determine the odds. This is because casinos are not required to tell you the odds on these machines. If you can get your hands on the “par sheet” for a particular game, you can determine the odds of hitting the jackpot. However, these sheets are not readily available to the public. For most of the machines with huge, life-changing jackpots, the odds are normally one in tens of millions. It is reported that the odds of winning the jackpot on the Megabucks slots is around one in 50 million.

The exact odds may not be available to the public, but it is common knowledge that the machines with big jackpots offer lower payoffs on other winning combinations to compensate. They often return a lower total payout as well. Where a regular slot machine might pay out 92% of the money it takes in, a progressive machine often pays only 88-89%. However, many players are willing to give up that small difference to have a shot at the big jackpot.

The most important thing to remember when playing progressive slots is that you must always bet the maximum coin. Although there a few progressives that will pay out the jackpot on a smaller bet, most will not. It would be a shame to have the winning combination come up only to find out that you are not qualified to win the big prize.
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