Progressive slot machines do not always pay well

Slot machine games are definitely the favorite of most casino players. The reason is that they are very easy to understand and play, as well as being extremely fun. But the plus is in the great rewards that can be obtained when playing in a machine of the progressive type, which is characterized by having jackpots that promise a lot of money, so players try to locate machines with the Return of Theoretical Payments or RTP with high values, between 95 and 99%.

However, there are some slots that have low performances and the chances of winning are very low, with only 88% of RTP. But why does this happen? In the present content, some of the reasons will be explained so that the progressive boats can have very few opportunities to win.

Slot machine games are definitely the favorite of most casino players. The reason is that they are very easy to understand and play, as well as being extremely fun.

But the plus is in the great rewards that can be obtained when playing in a machine of the progressive type, which is characterized by having jackpots that promise a lot of money, so players try to locate machines with the Return of Theoretical Payments or RTP with high values, between 95 and 99%.

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However, there are some slots that have low performances and the chances of winning are very low, with only 88% of RTP. But why does this happen? In the present content, some of the reasons will be explained so that the progressive boats can have very few opportunities to win.

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How do progressive slot machines work?

The operation of progressive type slots consists of taking small portions (2% for example) of the bets you receive to accumulate them in the grand prize. The idea is to subtract from the bets that each player makes to create an attractive jackpot. However, before this happens, it is necessary that the developer of the machine always the initial amount that will have the prize.

Said is always carried out in two moments, when the game is going to be released or after reaching the progressive jackpot, the latter being the one that is done more frequently because a game can only be launched once. For example, the developer Microgaming, in its Mega Mola machine planted a $1 million jackpot, which has definitely attracted the attention of the players and the popularity of the pokie machine. In this sense, after sowing or establishing the value of the jackpot, it is the casinos and the developers who keep the revenues that will progressively accumulate in the machine.

Clarification of IGT as well as Microgaming

For this reason, they expect the value sown initially to increase much more to obtain large profits. However, it is the developers who take the most risks with the establishment of values ​​so high in the boats. This is best explained by setting an example to IGT, who sow $1.5 million in the Megabucks game prize, which they must finance at the beginning, but in a short time, it is possible for someone to take it away.

In this way, IGT would be losing more money than they expected to win to recover the investment because there were not enough bets. However, developers of the likes of Microgaming and IGT have good backup funding and may be able to handle these situations. In addition to this, these companies know how to apply other methods that put the game in their favor and with which they can compensate for the risks that are run with the progressive jackpots.

In view of this, they present programmed slot machines so that the advantage of the house is higher. In this way, the developers will receive adequate rewards to cover the risks that are assumed. Therefore, they establish 88% as a percentage of recovery, with which companies like IGT or Microgaming will get very good benefits later on, regardless of the fact that in a short time a player has won the jackpot.

 

Application of old reimbursement standards

Game distributors such as Playtech, NetEnt, Rival Gaming, and Quickspin have taken the regular patterns of slot machine RTPs to a different level, ranging from 90% to 94%, so these have been a catapult in the invoices, considering them as admissible reimbursements in contrast to what was customary a few years ago.

Because online casinos have much lower operating costs compared to land-based casinos, it is possible to obtain an estimate of what can be earned from users to make a profit. For this reason, the development companies began to program their online slot machines with RTP that reflect such events and offer returns that range between 96% and even some with 99%.

Alteration of low payments

Despite this, some developer companies that have more time in the market, refuse to modify the low payments for their older machines. And although Playtech is one of the companies with slots that pay very well, it also has certain games available with smaller payments of only 7 figures. An example of this would be the following machines:

  • Beach Life. It was launched by Playtech in 2006 and is a machine that only provides 93.25% of the basic payment.
  • Funky Fruits. Released in 2013, it presents the same value in its RTP (93.25%).
  • Major Millions. Microgaming commercialized it in the year 2000 and has a basic reimbursement of 89.37%.
  • King Cashlot. Also launched by Microgaming in 2004, it has a low payment in the RTP of 90.45%.

What can be evidenced by this, is that progressive slot machines that are older, were previously programmed with low payments because the real gains that could be obtained from users were unknown. However, even in these modern times when standards have changed, such games have not modified their RTP.

Players prefer large independent boats

Something that has shown the lottery in the world of gambling, is that people who love these games regardless of the opportunities to win they have, will continue to play. This is because the most famous lotteries in the world, such as EuroMillions, Powerball and Mega Millions only give reimbursement close to 50%. The good news is that the machines never have such low values, but as mentioned in the previous section, there are some that have poor reimbursements between 88% and 94%.

Despite this, the creators of the games know that wherever a good prize is offered there will always be players. For example, the Megabucks slot has an RTP of 88% and a prize of $5 million and even more, yet people will still be attracted and will play there.

This is because many people play with the hope of becoming millionaires simply by playing in a slot, so they are not interested in short-term gains. For this reason, they accept that they will lose a considerable amount of dollars in a few hours, but at least they will have a chance to earn money.

The distributors’ confidence in the players to increase the RTP

A good progressive slot is one where the jackpot increases along with the RTP. How will this be? For example, a progressive machine offers 92% payment and the prize has an initial value of $1,000,000, which will increase to $5,000,000 as more people continue to play in it. Thus, the RTP will be more than 92% since the jackpot is now higher, however, the only thing that varied was the amount of the prize, which means that the increase in pay is due only to the increase gradual payment. In certain occasions, the liquidation point of a machine can have an RTP of 100%, which is called the equilibrium point.

Can you calculate the equilibrium point of a large progressive slot machine?

Determine the equilibrium point of a slot machine; unfortunately, it is an almost impossible task since you cannot have the necessary variables for it. In the best of cases, what can be done is to work through the assumptions, according to the growth that is observed in the jackpot.

Thus, players may think that if the Mega Moolah machine, for example, the grand prize at the beginning was $1 million, and this then grows to have an accumulated $15 million, the RTP of this can be in the 100 %. Also, for developers it is a good thing that the prize increases more and more because the players themselves raise the value of the prize and its respective RTP, both these and the casinos, should not do anything but receive the winnings.

Progressive slots in land-based casinos do not pay well

Physical casinos, or brick and mortar casinos as they are also known, have a reputation for having low RTP in their slot machines. This being the last reason that explains why some progressive slot machines do not pay well, in this sense, this could be evidenced in the evaluation of the average payment of some machines located in the Nevada casinos:

  • Penny machine = 90.17% refund.
  • Nickel slots = returns 94.54%.
  • Quarterly slots = 93.06% payment.
  • Dollar slots = you can recover 93.94%.
  • Slots of $5 = reimburses 94.16%
  • Machines of $25 = have a 95.03% return.
  • Slots of $100 = 93.21% return.

Some slot machines found in land-based casinos can have competitive gains in denominated coins ranging from $5 to $25, likewise nickel. However, in the progressive machines of the online casinos, it is not necessary to bet more than one cent per line to be able to choose the big prize.

Undergo the land-based casino

For this reason, certain people who play in land-based machines prefer to continue playing in those that have jackpots hunting a penny. It also happens with games and has bets with higher currencies. And although in neither of the two circumstances will they have opportunities to increase the bankroll much, they will undoubtedly be able to experience the maximum experience that is obtained in land-based casinos, with sounds, spectators, lights, and everything that is sought in a casino.

Also, the visits to the casinos are used to turn them into meetings and social gatherings with friends, because it is quite frequent to observe in a couple of neighboring machines two friends who play while sharing and talk about their experiences. What this means is that there are low-profit margins, players also feel comfortable with the expenses, since the lived anecdotes go beyond just playing.

A midpoint

If a player wants to place bets on machines that have large progressive jackpots even if they have a low reimbursement percentage, they are free to do so, although there are others who do not even consider this alternative because they will only be willing to put their money in those machines that offer greater chances of success.

But the truth is that deciding which is the correct machine to play and which is not, is the decision of the player himself, who will be guided by their tastes, preferences, analysis, and hopes. However, it is possible to find slot machines that are at a midpoint between low variations and large prizes, as some developers, always thinking about the satisfaction of their customers, have combined large reimbursements with a good return percentage. Example of them, are the following slot machines:

  • Arabian Nights developed by NetEnt, has a 95.3% RTP base.
  • The Hall of the Gods also NetEnt = your RTP is 95.5%
  • Mega Fortune Mega distributed by NetEnt = has a return percentage of 96.40%.
  • Novecatic’s Golden Sevens = has a 95.10%
  • The millionaire genius of Random Logic = your refund is 95.02%

All of them are ideal for all players who do not want to spend their winnings looking for great prizes. However, it should be known that almost all progressive slots that have huge prizes will have lower payments than those established in the industry.

How do progressive slot machines work?

The operation of progressive type slots consists of taking small portions (2% for example) of the bets you receive to accumulate them in the grand prize. The idea is to subtract from the bets that each player makes to create an attractive jackpot. However, before this happens, it is necessary that the developer of the machine always the initial amount that will have the prize.

Said is always carried out in two moments, when the game is going to be released or after reaching the progressive jackpot, the latter being the one that is done more frequently because a game can only be launched once.

For example, the developer Microgaming, in its Mega Mola machine planted a $1 million jackpot, which has definitely attracted the attention of the players and the popularity of the pokie machine.

In this sense, after sowing or establishing the value of the jackpot, it is the casinos and the developers who keep the revenues that will progressively accumulate in the machine.

Clarification of IGT as well as microgaming

For this reason, they expect the value sown initially to increase much more to obtain large profits. However, it is the developers who take the most risks with the establishment of values so high in the boats.

This is best explained by setting an example to IGT, who sow $1.5 million in the Megabucks game prize, which they must finance at the beginning, but in a short time, it is possible for someone to take it away.

In this way, IGT would be losing more money than they expected to win to recover the investment because there were not enough bets. However, developers of the likes of Microgaming and IGT have good backup funding and may be able to handle these situations.

In addition to this, these companies know how to apply other methods that put the game in their favor and with which they can compensate for the risks that are run with the progressive jackpots. In view of this, they present programmed slot machines so that the advantage of the house is higher.

In this way, the developers will receive adequate rewards to cover the risks that are assumed. Therefore, they establish 88% as a percentage of recovery, with which companies like IGT or Microgaming will get very good benefits later on, regardless of the fact that in a short time a player has won the jackpot.

Application of old reimbursement standards

Game distributors such as Playtech, NetEnt, Rival Gaming, and Quickspin have taken the regular patterns of slot machine RTPs to a different level, ranging from 90% to 94%, so these have been a catapult in the invoices, considering them as admissible reimbursements in contrast to what was customary a few years ago.

Because online casinos have much lower operating costs compared to land-based casinos, it is possible to obtain an estimate of what can be earned from users to make a profit. For this reason, the development companies began to program their online slot machines with RTP that reflect such events and offer returns that range between 96% and even some with 99%.

Alterration of low payments

Despite this, some developer companies that have more time in the market, refuse to modify the low payments for their older machines. And although Playtech is one of the companies with slots that pay very well, it also has certain games available with smaller payments of only 7 figures. An example of this would be the following machines:

  • Beach Life. It was launched by Playtech in 2006 and is a machine that only provides 93.25% of the basic payment.
  • Funky Fruits. Released in 2013, it presents the same value in its RTP (93.25%).
  • Major Millions. Microgaming commercialized it in the year 2000 and has a basic reimbursement of 89.37%.
  • King Cashlot. Also launched by Microgaming in 2004, it has a low payment in the RTP of 90.45%.

What can be evidenced by this, is that progressive slot machines that are older, were previously programmed with low payments because the real gains that could be obtained from users were unknown. However, even in these modern times when standards have changed, such games have not modified their RTP.

Players prefer large independent boats

Something that has shown the lottery in the world of gambling, is that people who love these games regardless of the opportunities to win they have, will continue to play. This is because the most famous lotteries in the world, such as EuroMillions, Powerball and Mega Millions only give reimbursement close to 50%.

The good news is that the machines never have such low values, but as mentioned in the previous section, there are some that have poor reimbursements between 88% and 94%.

Despite this, the creators of the games know that wherever a good prize is offered there will always be players. For example, the Megabucks slot has an RTP of 88% and a prize of $5 million and even more, yet people will still be attracted and will play there.

This is because many people play with the hope of becoming millionaires simply by playing in a slot, so they are not interested in short-term gains. For this reason, they accept that they will lose a considerable amount of dollars in a few hours, but at least they will have a chance to earn money.

The distributors' confidence in the players to increase the RTP

A good progressive slot is one where the jackpot increases along with the RTP. How will this be? For example, a progressive machine offers 92% payment and the prize has an initial value of $1,000,000, which will increase to $5,000,000 as more people continue to play in it.

Thus, the RTP will be more than 92% since the jackpot is now higher, however, the only thing that varied was the amount of the prize, which means that the increase in pay is due only to the increase gradual payment. In certain occasions, the liquidation point of a machine can have an RTP of 100%, which is called the equilibrium point.

Can you calculate the equilibrium point of a large progressive slot machine?

Determine the equilibrium point of a slot machine; unfortunately, it is an almost impossible task since you cannot have the necessary variables for it. In the best of cases, what can be done is to work through the assumptions, according to the growth that is observed in the jackpot.

Thus, players may think that if the Mega Moolah machine, for example, the grand prize at the beginning was $1 million, and this then grows to have an accumulated $15 million, the RTP of this can be in the 100 %.

Also, for developers it is a good thing that the prize increases more and more because the players themselves raise the value of the prize and its respective RTP, both these and the casinos, should not do anything but receive the winnings.

Progressive slots in land-based casinos do not pay well

Physical casinos, or brick and mortar casinos as they are also known, have a reputation for having low RTP in their slot machines. This being the last reason that explains why some progressive slot machines do not pay well, in this sense, this could be evidenced in the evaluation of the average payment of some machines located in the Nevada casinos:

  • Penny machine = 90.17% refund.
  • Nickel slots = returns 94.54%.
  • Quarterly slots = 93.06% payment.
  • Dollar slots = you can recover 93.94%.
  • Slots of $5 = reimburses 94.16%
  • Machines of $25 = have a 95.03% return.
  • Slots of $100 = 93.21% return.

Some slot machines found in land-based casinos can have competitive gains in denominated coins ranging from $5 to $25, likewise nickel. However, in the progressive machines of the online casinos, it is not necessary to bet more than one cent per line to be able to choose the big prize.

Undergo the land based casino

For this reason, certain people who play in land-based machines prefer to continue playing in those that have jackpots hunting a penny. It also happens with games and has bets with higher currencies.

And although in neither of the two circumstances will they have opportunities to increase the bankroll much, they will undoubtedly be able to experience the maximum experience that is obtained in land-based casinos, with sounds, spectators, lights, and everything that is sought in a casino.

Also, the visits to the casinos are used to turn them into meetings and social gatherings with friends, because it is quite frequent to observe in a couple of neighboring machines two friends who play while sharing and talk about their experiences. What this means is that there are low-profit margins, players also feel comfortable with the expenses, since the lived anecdotes go beyond just playing.

A midpoint

If a player wants to place bets on machines that have large progressive jackpots even if they have a low reimbursement percentage, they are free to do so, although there are others who do not even consider this alternative because they will only be willing to put their money in those machines that offer greater chances of success.

But the truth is that deciding which is the correct machine to play and which is not, is the decision of the player himself, who will be guided by their tastes, preferences, analysis, and hopes.

However, it is possible to find slot machines that are at a midpoint between low variations and large prizes, as some developers, always thinking about the satisfaction of their customers, have combined large reimbursements with a good return percentage. Example of them, are the following slot machines:

  • Arabian Nights developed by NetEnt, has a 95.3% RTP base.
  • The Hall of the Gods also NetEnt = your RTP is 95.5%
  • Mega Fortune Mega distributed by NetEnt = has a return percentage of 96.40%.
  • Novecatic’s Golden Sevens = has a 95.10%
  • The millionaire genius of Random Logic = your refund is 95.02%

All of them are ideal for all players who do not want to spend their winnings looking for great prizes. However, it should be known that almost all progressive slots that have huge prizes will have lower payments than those established in the industry.