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Can nobody answer this question?
where’s all the aff managers?
Can nobody answer this question?
where’s all the aff managers?
It’s the weekend. Most of the affiliate managers I know work Monday-Friday.
bb1webs wrote:Can nobody answer this question?where’s all the aff managers?
bb1webs wrote:Can nobody answer this question?where’s all the aff managers?
bb1webs wrote:Hi all,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,
SlotplayerAs I understand it, and this is only based on previous conversations I have had on this subject with casino straff, MG casinos pay a % of their net take into a central pot at MG. I *think* this is around 10% but that would need clarification. I would imagine this is geared up to be proportionate to the number of progressives any one casino carries, but it may be a fixed percentage.
When a JP is hit, MG pay the money to the casino who in turn pay the player.
Further to this, my belief is that if a player spends $100 on say, Major Millions, although $20 of this will go to MG in progressive licensing, it doesn’t mean that that $20 is wholly contributed to the increase in the Major Millions JP alone. Instead, I would imagine it is aggregated exponentially along with all other progressive licence contributions across all the progressive slots. This would make sense as you would otherwise potentially find one JP crawling along much slower than it should.
Hi bb1webs,
For most of the Microgaming jackpots, a % is taken from each bet and added to the progressive jackpot total, which is held separately by Microgaming. This percentage varies for different slots, but is on average c.3%. The slots work on a fixed coin size so this is standardised.
For the table games (e.g. Poker Ride), there is a separate fixed Jackpot bet, and it is this that is added to the Jackpot total.
When the Jackpot is won, the funds are transferred from Microgaming to the operator where the winning player is, and is paid out in one lump sum.
At 32Red Casino, one lucky player in January hit the King Cashalot Jackpot for over £1,000,000. The funds were transferred to her account immediately so she could start celebrating straight away!
I hope this helps! If you have any questions, please give me a shout :bigsmile:
Cheers,
Kate
