A progressive jackpot is the main attraction among all the jackpots at a casino. All the regular casino goers must have tried their luck at the progressive jackpots. The progressive jackpots are the only slot games that regularly offer over million dollar jackpots. But is a progressive jackpot always a good bet? Read on to get the right answer.

History of Progressive Slots -

In the decade of 1980, the slot machine manufacturers introduced the idea of progressive jackpots while adding advanced mechanism to the slot machines. The basic idea was that a certain percentage of every bet made at the slot machine would contribute to the top prize of the progressive jackpot.

The first advanced progressive slot machine was launched in 1986 when IGT (a slot machine company) presented the first multi-area linked slot machine called ‘Megabucks’. The main idea behind this slot development was the same as it is today - linked jackpots means really huge prizes, players from all different places contributing to the top jackpot prize.

Progressive jackpots are now very common at both kinds of casino - online and land based. The first online progressive jackpot was Cash Splash. This progressive jackpot now regularly pays out over million monthly.

How Progressive Slots Work -
Every single time a slot game player spins at the progressive jackpot slot machine, a certain percentage of the bet made is added to the progressive jackpot instantly. This procedure results in a lower payout percentage compared to the standard slots.

For example, if a progressive slot jackpot takes a 5% share of a bet to contribute towards the progressive jackpot, then the payout has to be below the mark of 95%. If one takes off a few more percentage points for the house, he ends up with a payout of less than a 90%.

Best Progressive Jackpot Tips -
The most important thing to remember while playing progressive jackpot is that it should be always played with max bets because all the progressive jackpots pay the highest jackpot prize only if one plays with max bet. If you do not, then you really could end up with disappointment as it might hit the pay line with correct winning combination for which you have not placed a bet!......quite a regretful situation. Isn’t it?

Nothing can be worse than winning a little amount $1000 when you could have won millions of dollars with an additional bet.