Online jackpot slot machines are one of the most popular forms of casino betting because jackpot slots give you the opportunity to win a lot of money with a minimal investment. The basic premise behind the jackpot slot is to offer special cash prizes in addition to the normal payouts for lining up certain symbols on the reels.
Most jackpot slots pay out prize in the form of coins instead of flat cash prizes. So if you hit a jackpot that pays out 1,000 coins, the actual cash prize will vary depending on the size of coins you were wagering.
Online slots allow you to wager anything from pennies to dollars. So if you are wagering $1 at a time, a 1,000 coin jackpot will pay out $1,000. If you were instead wagering pennies, you would be paid 1,000 pennies. Even though 1,000 pennies doesn't sound like a lot, the advantage is that you don't have to pay as much per spin of the reels. It all depends on your gambling budget and risk tolerance.
The symbols that pay out slot jackpots are less likely to hit but when they do hit, the payoff is often quite substantial. The size of the jackpot varies from slot to slot but they can range to anything from a few hundred credits to tens of thousands of credits. It all depends on the type of slot machine and which symbols show up on the reels.
Some of the bigger jackpot slots pay out their top prizes in straight up cash prizes. On these types of slots, it doesn't matter what size of coin you wager with because the prize is set at a specific dollar amount. These jackpots tend to be much larger but they are also much less likely to be hit.
One thing you'll want to pay attention to are the wagering requirements for certain jackpots. The biggest slot jackpots are usually only activated when you wager a certain amount of coins per spin. The tradeoff here is that it costs more to play but you have the opportunity to hit some massive jackpots.
The last type of slot jackpots are called progressive jackpots. These are almost always the biggest jackpots because they grow over time. With progressive jackpots, a small percentage of every dollar wagered at the slot machine is added to the jackpot prize pool. Progressive jackpots are networked across dozens of online casinos so the main jackpot can grow to phenomenal amounts. Some of these jackpots have surpassed several million dollars before being hit.
Progressive jackpots are the least likely to hit but they are worth tons of money. There are enough of them out there, however, that someone hits a progressive jackpot almost every day. Even though they aren't easy to hit, the money they pay out makes it worth it to people who want the chance to win millions of dollars with just a single spin of the reels.
Most progressive jackpots require you to bet the maximum amount during each spin for you to even have a chance at hitting the jackpot. So if the coin size is set at $1.00 and you can bet up to $3.00 at a time, you'll usually have to bet $3.00 on each spin of the reels. That might sound expensive but remember that most online slot machines pay out over 98% of the money put into them. In addition to that, you'll still be able to hit smaller prizes while trying to hit the big jackpot.
There are a lot of jackpot slots out there so make sure you read the pay table for each one to get all the details you need. Some jackpot slots are fairly cheap and others are fairly expensive. The only thing you need to do is find the one that appeals to you the most.
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