WHAT ARE THE CHANCES OF WINNING A JACKPOT ON SLOTS?
By BestGamblingWebsites.net on December 16, 2022
Learn what your chances of winning a jackpot on slots are, how to increase your chances, and what myths you should avoid.
Every casino patron's fantasy is to walk out of a casino with millions of dollars in their hands after winning the jackpot on a slot machine. After all, that is why people play slots: they want to win the biggest payouts ever!
What are the chances of winning one of the coveted jackpot prizes on the slot machines? Is there a way for you to increase your chances of winning casino progressive jackpots?
CHANCES OF WINNING MASSIVE JACKPOTS IN SLOTS
Our odds of winning any major jackpot range from 50 to more than 100 million to one. The likelihood of winning a slot jackpot is determined by the RTP rate and variance of the slot machine.
Take note that these odds are provided by a few software providers and may differ from the true probability of a game. Certain slots have a 600 million to one chance of paying out the jackpot.
Instead of fixed jackpots, the slot jackpot probability mentioned here is from local and wide area network progressive slots. The jackpot amount grows as people spin the reels of these slots. Local progressives only count spins from machines nearby, whereas wide area network progressives count spins from players all over the world. Because of how often these games are played, you can expect the first one to have a smaller jackpot than the second one.
Since the odds of progressive games are impossible to beat, you might be wondering how to win jackpots on slot machines. Playing higher denomination slots is one way to improve your odds.
HOW DO PLAYERS WIN SLOT PRIZES?
To understand how slots determine whether or not you win the jackpot, we must first review the PRNG algorithm. Every online slot and video slot uses a PRNG algorithm to decide how each spin will end. This algorithm generates multiple authentic results by using seeds and entropy data. To achieve "real randomness," entropy must come from real-world factors such as the system clock.
To win the jackpot, you must spin the reels with the specific seed and entropy data (likely the specific time) set. Take note that this will only give you a chance to win the jackpot. You must also get one of the many possible results that the specific seed and entropy can produce. The high variance rates and set conditions are the reasons why winning the jackpot is difficult.
Play higher denomination games and place larger bets.
You get a better payout on your wins and a better edge against the house when you play higher denomination games. When playing 1 to 5 cent denomination games, the payback rate is only 84% to 89%, with a player edge of around 84% to 88%. When you play slots for a dollar, you get a 93% to 95% return and an edge of up to 95%.
Higher denominations are one of the possible slot machine tips for winning the progressive jackpot prize because they increase the number of spins or chances. It is important to note that you are trading higher odds of winning the jackpot for higher risks. These denominations may result in more spins being lost over a set period of time. The massive jackpot prize, on the other hand, is worth taking a bigger risk than playing it safe with small bets.
COMMON MASSIVE JACKPOT SLOTS
Different slots use different gameplay mechanics to give players a chance at the jackpot prize. Here are some strategies for winning the top progressive jackpot slots.
Mega Moolah (Microgaming)
Mega Moolah has an RTP of 88.12% and one of the largest jackpot prizes in any casino with a low house edge. To win the coveted prize, you must enter the Mega Moolah Jackpot Wheel, which is triggered at random during the base game. In the bonus mode, there are four different jackpots that increase in value as more people spin the reels: Mini, Minor, Major, and Mega. When you land on the corresponding position on the reels, you win one of the four jackpots.
Aztec's Millions (RTG)
The progressive jackpot can be won by matching 5 Aztec's Millions symbols on the 3x5 reels and 25 payline Aztec's Millions (by Realtime Gaming). Furthermore, matching 5 Scattered Idols symbols will award you up to 25 free games, a free shot at the progressive jackpot, and a tripling of all non-bonus symbol payouts.
Halls of Gods (NetEnt)
In Halls of Gods, the progressive jackpot is hidden in the game's Bonus Feature. You can start the Bonus Feature by getting three Bonus symbols on the reels. During the bonus game, you choose from 15 shields that contain three different jackpot symbols: Mega, Midi, Mini. If you find three of the same jackpot symbol on the board, you win the jackpot for that symbol.
Funky Fruits (Playtech)
Getting the jackpot in Playtech's Funky Fruits is straightforward and simple. To win the jackpot, you must match eight or more Cherry symbols. However, do not make the same mistake twice. Because the Cherry symbol is the most valuable in the game, the chances of it appearing on the reels are extremely low. Fortunately, Funky Fruits is a cluster pay slot that awards a free re-spin when any symbols are matched.
MYTHS ABOUT SLOT MACHINE WINNINGS
Many people believe in random misconceptions, which is why slot machines are somewhat occult. There have been a lot of myths about the odds of winning a slot jackpot, like the idea that a player could hit the big cash prize on their own. Others involve searching for the best slots with the best odds in the dark corners of the casino floor. Here are two common myths about slot jackpot payouts.
There are open slots in plain sight
When casino patrons see a worker servicing one of the machines, their imaginations run wild. Questions like, "Can resetting the machine refresh the algorithm to give the next player a better chance of winning the jackpot?" can go around among the players. When the service option appears on the screen, one can't help but wonder if defragging or removing money from a machine can help it loosen up.
Unfortunately, there is no such thing as a loose slot that increases the slot machine odds. Hot or cold slots that pay out high or low at certain times are also a myth.
Remember, every slot machine uses a PRNG algorithm to determine if a spin wins or loses, as well as which corresponding symbols match. An employee cannot change the algorithm programming while servicing the machine.
Aside from being serviced by staff, slot jackpot odds are unaffected by payouts. Players who won the most money possible from a single game won't make it less likely for the next person to win a big cash prize. All results are still generated by the algorithm, which does not take into account the money paid out to players when determining which symbols appear on the reels.
A Button Sequence can be used by players to trigger the jackpot.
Most people who went to a casino saw the video of Brad Pitt pressing buttons and putting in coins to win the jackpot on a slot machine. Those who did watch Ocean's 13 tend to try their luck at pushing buttons at random to control their odds, which will not work.
Is it true that the button sequence is a myth? You'll be surprised to learn that this is true and was accomplished by Ronald Dale Harris. Ronald is a programmer who works as an inspector of slot machines in Las Vegas casinos for the Nevada Gaming Control Board. Throughout his career, he was able to develop a chip that allows him to win a large payout from any game. Ronald enlisted the help of friends to embed his chip into specific slots in order to achieve his goal.
Ronald was able to flee Las Vegas casinos with thousands of dollars. Unfortunately for Ronald, the law caught up with him in Atlantic City, and he was sentenced to seven years in prison.
As a result of Ronald's illegal pursuit, both casinos and the people who make slot machines made the machines safer. Any random button presses on a slot machine will not improve a player's slot machine odds, but they may draw the attention of casino security.
Your chances of winning a progressive jackpot are slimmer than your chances of winning the lottery. Instead of believing busted casino myths, you can improve your chances of winning the elusive jackpot prize by playing high denomination slots and increasing the number of spins.