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When casino progressives are about to hit!



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When casino progressives are about to hit!

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tealmantis

Joined: Thu Oct 01, 2009 11:38 am
Posts: 9
Post When casino progressives are about to hit!
There's this common myth that I've read when people talk about both online casino progressive as well as those you'd find typically featured in land based casinos that I asked the Wizard of Odds at one point in regards to.

The misconception is in that people think that when progressive jackpots whether they be at online casinos or offline reach a certain level they're about to hit or they're hot and should be played. Obviously this isn't the case as the odds of hitting a progressive jackpot statistically is the same with each spin for each player and every single spin that's made on the game provided that the slot is a game where the progressive jackpot win would be produced via a line win combo on a specific payline vs. those that are based on random external events (eg. Major Millions vs. Mega Moolah) at Microgaming powered online casinos.

Basically what happens when a casino progressive is considered hot is just that because it's reached a high value there'll be more play though on the game thus increasing the likelihood of a potential hit. This is especially true when jackpots reach well over 1.0 Million in value. I know that me personally I generally play these bigger progressives when they reach these higher amounts as I for one know that my chances are the same regardless of whether the jackpot is 250K or 1.0M+.

Just figured that people should be clear about this and know that there is no increased chance in your probability of hitting the big jackpot when the size of the jackpot is bigger.


Mon Oct 05, 2009 1:44 pm
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angiekent

Joined: Thu Mar 12, 2009 3:33 pm
Posts: 74
Post Re: When casino progressives are about to hit!
Good post teal... It's great seeing more and more people who are savvy in this area and actually understand what's going on in regards to progressives :D

I used to be fairly ignorant in my understanding of progressives and would always flock to play them when they reach rather large jackpot values. But since I know that the odds of me hitting one when it's big or small are identical I play them all the time now and really don't care whether they're at the maximum values. I'm still happy if I win 250K vs 1 million as it would definitely make a difference in our lives.

Again though good post! Hope to see you around here more :D :D :D


Mon Oct 05, 2009 8:22 pm
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raymondspence

Joined: Wed Jun 17, 2009 9:42 am
Posts: 57
Post Re: When casino progressives are about to hit!
I'm not overly familiar with progressive and how they work myself so I must say that I would be one of the people that are clueless in regards to this aspect of gaming that's being discussed here in this post.

I for one always though that as progressive jackpots reached higher amounts that they were easier to hit as casinos would want them to actually hit. I suppose my assumption on this was wrong.

Good post and thanks for helping to educate people like me!


Tue Oct 06, 2009 12:44 pm
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tealmantis

Joined: Thu Oct 01, 2009 11:38 am
Posts: 9
Post Re: When casino progressives are about to hit!
Thanks for your replies and acknowledgments to my post everyone it's greatly appreciated.

I figured that there were some people out there that weren't really all that sure about how progressives worked.


Tue Oct 06, 2009 1:53 pm
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bentobox

Joined: Sun Nov 16, 2008 6:40 pm
Posts: 16
Post Re: When casino progressives are about to hit!
Hi teal good post and great thread we have going on here.

I agree with your explanation on progressives the difference in types of progressive and also why you mentioned that progressives are considered hot.


Wed Oct 07, 2009 10:59 am
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