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A brief History of Progressive Slots,[link widoczny dla zalogowanych][/b]
In the beginning there were no such thing as progressive slots; they merely became feasible in the early 1980’s when microchips were joined to slots machines. Even then it wasn’t until March of 1986 that the first multi site linked progressive slot machines were introduced by the slot machine contractor IGT.
Having the same jackpot being fed from a number of alter machines (which are constantly spread along a number of different casinos) means these progressive jackpots can quickly grow to be very large indeed. I have listened of casinos in Las Vegas where slots players have won over $8 million in a single win on a progressive jackpot.
How Progressive Jackpots Work
Progressive Jackpots grow by skimming one amount of money from every and each bet; this method that their payout rate above regular wins (non jackpot wins) is lower than that of a regular slots machine. However if you take the progressive jackpot into list the payout would be the same.
For example if you were playing at a Las Vegas casino on a linked progressive slots machine with a fixed $5 bet per spin. Your money could be divided It’s about time, 25 cents adds to the progressive jackpot, $1.25 goes to the casino and the remaining $3.50 is paid out in non jackpot wins. If however you were playing a non progressive slots game at that same casino it is presumable that your money would be divided as follows. $1.25 to the casino and $3.75 paid out on wins.
The example above assumes the casino has a 75% payout rate, in reality slots at land based casinos typically have payment rates ranging from 70% up to 87%. This is in stark compare to the online casinos which typically have payout rates from 89% up to as much as 99.5%!
So at a typical online casino with a 95% pay out rate the money you pay in for a $5 per spin online progressive jackpot slots would be divided up someone like this. $0.25 for the online casino, $0.25 added to the progressive jackpot and the remaining $4.50 is paid out in non jackpot winnings.
Given these statistics it is not hard to look why many hard kernel slots players are now playing online from their computers.
Online Progressive Jackpot games
So apart from the free beverages playing online sounds more favourable for a athlete (in that you should triumph extra). However I have already said how colossal jackpots tin be by land based casinos so your next question is not mistrust working apt be just how large are ongoing jackpots by online casinos? The question to namely namely that they are growing all the period,[link widoczny dla zalogowanych], the new disc is $1.76 million and interestingly the accurate same slot machine that paid that out in December 2005 currently has a Jackpot of over $3.6 Million and still rising! The slots game in question is millionaires union progressive jackpot slot and while this jackpot is eventually won it is going to set a current record for creature the maximum progressive slots jackpot of anyone online casino to date.
I have no doubt that even after that has been won a new record ambition be set within a space of less than a year, the rate at which progressive jackpots online are growing is surprising, only a pair of years ago a jackpot of a little over $1 million held the record. It is my attitude that sometime within the next couple of years the highest jackpots will be being paid out from the online casinos.
So how do you pick a champion?
Choosing which progressive jackpot to melodrama is actually no all that complicated. Once you know what the progressive jackpot starts at, what its highest payout was and what its average payout value is. There are a number of slots sites that give you this message including any of the progressive jackpot reviews at slotsjam.com.
Obviously once the jackpot in question is higher than it’s historical average the accidents of it disbursing out are greatly additional, and if it goes higher than its before highest payout