chasing progressive jackpots

[philderby]

has anyone ever had the bankroll to do this? how much would you need?

if the JP gets high enough surly it would make an +ev to play?

 

[dionysus]

The nature of random suggests you could have an unlimited bankroll and not hit one in a lifetime of playing. By the same token, you could hit it on your one and only quarter. It's all about luck.

 

[KasinoKing]

Never done it, never will.
It's like buying a lottery ticket and expecting to win the Big One - you're more likely to be struck by lightening!

KK

 

[dave1888]

The only way that is relatively safe is by betting minimum and sticking to this bet for example if you have say £500 and play mega moolah or any of its counterparts at 25p(people have supposedly won the mega on this bet) your bankroll should last a very long time(2000 spins at least) But in the original you will see quite a few features in this time and should you catch it on a good day it will last even longer! To be perfectly honest these are the only games I'd chase a jackpot on and I'd need to be way up in profits to even attempt it! I don't think it is worth going for any of the Net-Ent jps because they fob you off with coin amounts instead of just all jackpots like mega moolah it is easily the best jackpot game !

 

[dave1888]

Furthermore Mega Moolah is the only slot I have made a big profit on my best being £10 turned into £400+ in just a couple of hours.





Above Mega playing nicely those features came back to back!! That was a great few days!!

 

[243 lines=daft]

There's only one scenario where I've actually chased a progressive.

When I took a SUB with a Digimedia Viper casino last year and ended the wagering substantially up, I realised that the T&Cs had one of those 'withdrawal may not exceed 6 times initial deposit' clauses.
If I'd just withdrawn my winnings the casino would have had the right to withhold over 400 quid at its discretion.
The term did make an exception for all progressive wins so I decided to play the whole lot through on Progressive Cyberstud and MegaMoolah Summer and ended up with roughly the same amount except fully withdrawable.

The important point here being I played the two games that in my experience paid out fairly regular (obviously small) prog wins so that I had a fair chance of getting enough back to justify the playthrough.
I wasn't trying to hit a big progressive, although obviously I wouldn't have shed any tears if I'd ended up winning a hundred grand by accident..

Obviously success wasn't guaranteed and I was lucky to avoid a potential DRATT

 

[dave1888]

I wasn't trying to hit a big progressive, although obviously I wouldn't have shed any tears if I'd ended up winning a hundred grand by accident..

Exactly man I never tried to either it comes up with the mega moolah wheel more often when you don't hope for it for some reason and I will tell you something else the size of your bet has no bearings whatsoever on the jackpot you will get I've had the miserable £10 when betting 6.25 and a fiver!!

 

[lotusch]

I hardly play Jackpot games,simply because the base RTP suffers a lot and payouts are simply lower.
And I am not the person that wants to contribute shitloads of money that eventually will be won by one lucky git. ^^
And that one will defo not be me,simple maths will tell me so.

 

[hitobito2005]

Rough rule of thumb - you probably want the size of the jackpot to be at least 2-4x more than average, and your bankroll should be at least 3x the jackpot.

 

[PhilAyl]

Chased them a few times and finally managed to get on to the marvel slots jackpot. Won about £900 from a £2 spin. Although.. had stupidly taken out a bonus with Crown Europe (def not recommended!) and found out that progressive slots did not count toward wagering requirements (which were huge ). Plus there was a "you can only withdraw 10 times the amount of your initial deposit" clause . Still managed to get about £600 out of them though...

 

[zanzibar]

has anyone ever had the bankroll to do this? how much would you need?

if the JP gets high enough surly it would make an +ev to play?

There are jackpots that are +ev from time to time. Microgaming triple 7s blackjack is well over its break even point now.

Video poker tends to be easier to win a progressive as the odds are you'll hit a royal roughly once every 40,000 hands on average. But they get hit often and most don't get above 100% rtp for long.

There are a couple of caribbean stud jackpots that are way above 100% at the moment. Do a bit of googling if you're interested, I'm sure you'll find some useful info.

As for whether its a viable strategy to profit, mathematically it is but you need to play only +ev jackpots all the time and the variance is big. There's no simple answer to what size bankroll you need because the proportion the jackpot contributes to the rtp varies with each game and the stake size varies too.

In the land casinos teams can identify a machine with a progressive that is +ev and monopolise it so no-one else can get on until they have hit the jackpot. Obviously you can't do that online as everyone can play the game at the same time.

 

[dave1888]

There are jackpots that are +ev from time to time. Microgaming triple 7s blackjack is well over its break even point now.

Video poker tends to be easier to win a progressive as the odds are you'll hit a royal roughly once every 40,000 hands on average. But they get hit often and most don't get above 100% rtp for long.

There are a couple of caribbean stud jackpots that are way above 100% at the moment. Do a bit of googling if you're interested, I'm sure you'll find some useful info.

As for whether its a viable strategy to profit, mathematically it is but you need to play only +ev jackpots all the time and the variance is big. There's no simple answer to what size bankroll you need because the proportion the jackpot contributes to the rtp varies with each game and the stake size varies too.

In the land casinos teams can identify a machine with a progressive that is +ev and monopolise it so no-one else can get on until they have hit the jackpot. Obviously you can't do that online as everyone can play the game at the same time.

I'd think it would be harder to get a royal than a random/progressive slot jackpot so that is very interesting indeed! Maybe next time I'm looking to hit a jackpot I'll try card games used to be quite partial to video poker but I played it for too long and kept busting out also played stud before but found it infuriating dealer always not qualified when you have a big hand!!

 

[zanzibar]

I hate caribbean stud for that reason too. You're also long odds of being dealt a royal for the jackpot - about 1 in 650,000. Your chances in video poker are much higher because you get to discard and draw more cards if you aren't dealt a pat royal.

The trouble with slots is you need to map the reel layouts to work out the rtp with a progressive. If the progressive is paid via a bonus game like mega fortune or mega moolah you will never know the true odds. Same thing with random progressives like the ones at rtg casinos. You dont have any idea what the odds are of hitting them. So in most cases with slots you can only guess at whether the rtp is over 100%.

 

[dave1888]

I hate caribbean stud for that reason too. You're also long odds of being dealt a royal for the jackpot - about 1 in 650,000. Your chances in video poker are much higher because you get to discard and draw more cards if you aren't dealt a pat royal.

The trouble with slots is you need to map the reel layouts to work out the rtp with a progressive. If the progressive is paid via a bonus game like mega fortune or mega moolah you will never know the true odds. Same thing with random progressives like the ones at rtg casinos. You dont have any idea what the odds are of hitting them. So in most cases with slots you can only guess at whether the rtp is over 100%.

I've been signed up to a service called jackpot alerts or something and have noticed the major jackpot on mega moolah being hit at similar times and on roughly the same basis. I have no idea whether this gives me any edge whatsoever but strangely it seems to be either, 2minutes past 1 am or just after 7pm at night and this seems to happen every couple of days. It makes me beg the question is it just set to payout at certain times and what we put in really has no bearings on it because afterall so many players are playing these games all around the world(aside from the usa) on numerous different casinos download and flash. This could mean all the jps have set times to pay apart from the biggy which hits on average once a year or max twice a year.

 

[zanzibar]

Obviously Mega Moolah is not being won that often. I'm guessing that the site is sending you an email every time the jackpot amount drops without analysing it to see if it really is a win, even if it the drop is only $1. That could be due to a bad data feed or maybe Microgaming adjusts the amount due to rounding or something at the same time every day. It could even be that the site is spamming its own email list with false information to try to get more people to visit in order to generate some more affiliate clicks.

 

[dave1888]

Obviously Mega Moolah is not being won that often. I'm guessing that the site is sending you an email every time the jackpot amount drops without analysing it to see if it really is a win, even if it the drop is only $1. That could be due to a bad data feed or maybe Microgaming adjusts the amount due to rounding or something at the same time every day. It could even be that the site is spamming its own email list with false information to try to get more people to visit in order to generate some more affiliate clicks.

Not the Mega of course I mean the major though that does drop quite frequently and it actually says the exact amount which was won and which casino it was won it very sophisticated alerts pretty cool if it is completely accurate I have no idea what the site would gain in telling people it has dropped? I'd be more inclined the ones who are the most devious are the emails saying a jackpot is ready to drop then you find it happens a week or so later so it was just a ploy to get people on their casino and sink money chasing a jp.