Arguably one of the biggest game-changing features, progressive jackpots have massively shaped how punters win. If you are fairly new to betting, progressive slots are basically casino prize pools, most common in slot games where the prize pool increases every time you play and lose.
The idea behind this is to keep playing as the pool accumulates with no ceiling to how much you can actually win!
Choose High RTP Games
Whenever you hop on an online casino like Betway, the statistical metric calculating how much money each game should pay back to you is referred to as the return to player. Since not all casino games are structured in the same way, the baseline RTP will often vary.
Targeting games with high RTP when playing most online slots therefore ensures that you can be more profitable in the long run based on how much you play. You basically want to be on the lookout for games with an RTP between 96% and 98%.
Bankroll Management & Discipline
Sportsbooks will always open their arms to your bank account, and it is therefore incumbent upon you to ensure you take care of your bankroll. This is more evident when trying to hit that jackpot since progressive games combine extreme volatility with a higher effective house edge.
To bring the odds into closer view, playing online slots on a Kasino like Betway, your chances of hitting a progressive jackpot often exceed 1 in 10 million! If you want to extend your chances in the long run, you will undoubtedly have extended sessions, and being disciplined with your bankroll is the only way to achieve this outcome.
Verify Minimum Bet Requirements
Now that you understand how the RTP works, it is also important that you have a firm grasp on the minimum qualifying bet requirements. Most online slots with progressive jackpots will require you to wager on the maximum number of credits per spin to unlock the top-tier payout.
By meeting this requirement, the pool can grow, and the winner can collect a massive reward. To make these options diverse and give everyone a shot despite their bankroll, the tiering system was introduced, and depending on how much money you have, you can play the minor, major, or mega tiers.
Understand How the Pool Grows
Gaining an understanding of how the prize pool grows also sheds more light on how you stand to win when you aim for that progressive jackpot. Typically, every time you place a wager, a fixed percentage falling between 3 and 7% of the wager goes into the prize pool.
This pool continues to accumulate across thousands of spins or hands played by players worldwide until a winning combination is triggered. Once a bettor hits the jackpot, the prize then resets to the base amount that’s often issued by the casino operator.
Final Thoughts
Progressive jackpots offer punters a great way to make a killing by betting continuously over a period of time. Some strategies that you can use before jumping into online slots include understanding how the prize pool compounds and verifying the minimum bet requirements.
