One important tip regarding Jackpots in general would be not to get blind sighted by the idea of winning a “life changing” prize. Perhaps this is stating the obvious, but a Jackpot wouldn’t be a Jackpot if it wasn’t highly unlikely for a player to actually win. So don’t lose your bankroll over it!
Online progressive Jackpots
This we can be very short and factual about: An online progressive Jackpot is a Jackpot for an online gaming machine (usually an online Slot machine or online Video Poker) where the value of the Jackpot increases a small amount each game (until some lucky online casino player hits the Jackpot of course). Playing online progressive Jackpots is completely depending on luck, which is why it shouldn’t be the main reason for you to start playing online Slot machines. Smart would be to set aside a specific percentage of the Slot bankroll for progressive Jackpots. And try to avoid spending your whole bankroll on progressive Jackpots.
Other types of online Jackpots
The online progressive Jackpot mentioned above comes in three different varieties: the Stand-Alone Progressive Jackpot, the In-House or Proprietary Progressive Jackpot and the Wide Area Progressive Jackpot.
The Stand-Alone Progressive Jackpot is from an online Slot machine that is not linked or connected to any other online Slot machines. This is the online Slot that has a fixed Jackpot prize. A certain percentage from every coin played is taken out and added to the Jackpot as an award for the highest winning combination of symbols. The Stand Alone Progressive online Slot machine shows a meter of the progressive Jackpot that keeps increasing until some lucky player hits the Jackpot. The progressive Jackpots in Stand Alone Progressive online Slot machines are way lower than the progressive Jackpots from linked online Slot machines.
The In-House or Proprietary Progressive online Slot machines are composed of a group of Slots that are all linked together, like an online Slot machine network. These machines are owned as well as operated by the same casino. The progressive Jackpots on these types of Slots are not the multi-million-dollar kind of Jackpots, but the prizes are definitely considered a substantial win. The In-House or Proprietary Progressive machines are hit most often.
The Wide Area Progressive machines are the types of Slots that offer the “life-changing” progressive Jackpots. These online Slot machines are connected or linked together from various different online casinos. An independent operator is responsible for operating them and the online casino only gets a share from a percentage of the winnings. The progressive Jackpot is very large but the chance of hitting it is therefor extremely small.