A jackpot is the highest payout of a slot or video poker. In the same sense Progressive jackpot is also similar to it just the difference is the value of the jackpot increases with every game. The raise may be small but still takes the amount forward in the jackpot. In the real world casinos many slot machines are attached to form a progressive jackpot and this may cause it to grow rapidly due to the involvement of many players who contribute. Likewise in the online version all players that are playing progressive version contribute to the pool. Progressive jackpot is available at various sites that work under the same service provider or casino group; hence the amount can be huge in no time.
The amount to be transferred to the jackpot is a predetermined rate which is accumulated from each game played in the casino. For instance if the casino makes a profit of say $0.05 (assuming 5% house edge) on every single dollar of wager, then it can transfer $0.01 to the progressive jackpot from the profit. It may seem as the casino is doing away its profit, but in reality the casino stands to gain huge profits as the progressive version is very popular and players throng it and eventually the casino ends up making more profit.
The qualifying requires the player to wager the maximum number of credits per play. Hence, the player ends up draining his resource faster than usual. This amount varies as per the casino rules. So better get eh knowledge of the rulers or else disappoint will meet instead of jackpot.
Though not easy to calculate, the break-even point of the casino is a major point in assessing the payout of the jackpot. The players benefit if they play the jackpot after the break-even point |