where’s all the aff managers?
where’s all the aff managers?
writing an article on slots and was wondering … how does the progressive thing work?
do they keep a % of the money put in …. and ifso ….. anybody know what that % is?
to explain perhaps better ……say 4 players spent $25 each ….what amount will the progressive jackpot show can be won?
example: Seems like $100 wouldn’t be very profitable. if it showed like $90 then the casino would make $10.
thanks in advance for your replies.
I can tell you how the land casinos work, the online progressives are similar. as an FYI I was doing an article in 2005 on the progressives as well and when I asked a couple of AM’s specific questions they did not provide the specific information I was after.
Progressive jackpot slots can be standalone, inhouse or wide area networked machines. Standalone progressive slots are not networked. The jackpot is unique to that machine and two standalones side by side can have significantly different jackpots, depending on the amount of play each one receives.
Inhouse slots are networked but only with other slot machines within that casino and all will reflect the same jackpot.
Wide area progressive slots are several unrelated casinos networked together offering the same jackpot.
The slot machines for both inhouse and wide area progressive networks are usually from the same mfg. but the actual slot game can vary.
Online casino progressive slots appear to be wide area. Multiple casinos all offer the same progressive game lineup but are from different casinos.
The progressive jackpot takes a percentage of all the money played into the machine and adds it to the jackpot. As with most progressives, a player needs to wager the max coins required to be eligible to win the big jackpot, if they don’t they win a smaller secondary jackpot.
I don’t know the exact hold percentage and it varies according to the slot game, jackpot and coin wager size.
I wanted to know how an online casino progressive winner was paid and the answer was, it depends on how they made their deposits ie… NETeller, and payment is from the Casino Software Maker ie… Microgaming for example which I figured anyway.
However, is it a lump sum or in installments? It would be nice if a progressive jackpot winner posted their experience.
Note the information is posted from memory so I do not guarantee its’ accuracy 100%.
Cheers,
Slotplayer