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Newcomers and seasoned gamblers have one thing in common. They want to play not only their favorite casino games but also the ones that can offer a potentially better return on investment (ROI) for their wagers. When it comes to slots, some players may wonder if progressive jackpots or the fixed payouts from traditional slots yield a better ROI. Let’s compare and contrast both types to find out which type offers the best ROI in specific scenarios.
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What Are Progressive Jackpots?
Progressive jackpots are payouts that increase over time. As players continually play on the specific slot machine that has a progressive jackpot, the potential payout will constantly increase until someone wins on the virtual unit. The larger the player pool becomes for this slot machine and the more bets that these players place, the higher the jackpot amount will rise over time.
Key Features of Progressive Jackpots
The growing payout of a progressive jackpot makes it more alluring to seasoned slot players. While more bets and commitment are usually involved when playing a slot machine with a progressive jackpot, it can be rewarding if you are the lucky player to land on a winning pay line.
A standalone progressive jackpot is on one slot game within an online casino platform while a networked progressive jackpot takes place across multiple games within one or more casino platforms. The networked version allows for more options on the type of slot machine you can play during the event while a standalone version involves sticking with that one unit that corresponds to the progressive jackpot.
The chances of winning a progressive jackpot are between 1 in 1 million to 1 in 50 million. However, depending on its amount, it can be a life-changing ROI if you somehow become the lucky winner by chance.
What Are Fixed Payouts?
Fixed payouts occur on traditional slot machines whereas you are awarded based on the value of the winning payline and any multipliers or other current in-game bonuses, if applicable.
Key Features of Fixed Payouts
Slot machines offering fixed payouts are slightly more stable and predictable than units with progressive jackpots. Players can better calculate the potential ROI for each bet based on the value of the winning payline if the reels land in their favor.
The odds of winning on a slot machine with a fixed payout remain the same based on how many possible paylines the unit’s random number generator (RNG) has. With a progressive jackpot, the value of the potential payout fluctuates as more bets are placed, so it can be difficult to calculate the potential ROI.
Fixed payout slot machines offer pretty good value jackpots, but they are not as substantive as the units with progressive jackpots. The payouts on traditional slot machines can still be life-changing even though they are not as high as their progressive jackpot cousins.
ROI: Comparing Progressive Jackpots and Fixed Payouts
The question of which slot payout structure offers a better return on investment involves analyzing several factors to draw the appropriate conclusions. Let’s dive in.
Odds of Winning
Progressive jackpots have larger prize pools and lesser chances of triggering the jackpot. Traditional slot machines have a higher chance of winning based on how many available pay lines there are within the RNG.
Jackpot Size vs. Frequency
Traditional slot units with fixed payouts have higher win frequencies in contrast to progressive jackpots. The ROI is very much uncertain for a progressive jackpot unless that one-in-a-million chance happens that you land it.
House Edge and RTP (Return to Player)
A progressive jackpot has a lower RTP (85% to 90%) versus traditional units because of the nature of the game. Traditional units have an average RTP of 85% to 95% with some having a higher rate above 95%.
Which Payout Structure Offers Better ROI?
The payout structure that offers the best ROI depends on your desired risk tolerance. If you want a more predictable earnings potential, play traditional slot machines with fixed payouts. If you prefer a higher-risk gaming experience, jump into a progressive jackpot tournament. Whatever your gaming strategy, have fun with it and play wisely!