What are the odds of hitting jackpot on slot machine?

Winning a fortune with a small investment is a dream come true for any punter and the main reason people go to the casino. Fans of online slots are equally enthusiastic about the prospect of claiming the jackpot, which paves the way to life changing winnings. There’s no shortage of games carrying jackpots, including progressive slots with millions of Euros up for grabs. Finding the game is easy, but what’s equally important is to have a thorough understanding of the odds of actually winning the prize.

The odds are stacked against you

It comes as no surprise that winning the jackpot is a very difficult task and you need a lot of luck to claim such a prize. On average, the odds of winning the jackpot are worse than one in 1 million, sometimes significantly smaller. Progressive jackpot casino and slots games which are offered here at the PlayUK.com website are the most difficult to claim, but these happen to be the best paying games, so it’s worth chasing them. Such slots have the jackpots pooled across a wide network of casinos, which prompts them to go up much faster than regular prizes.

There is an indissoluble link between the chances to win and the amounts up for grabs. When you hear about a huge jackpot at a slot machine, you should immediately think of low odds. The good news is that software developers have made their games very transparent. There’s a lot of information regarding potential payouts, chances to win, as well as current jackpots on display. All you need to do is to check out the updated numbers next to the reels and you know precisely where you stand.

Same chances of winning the lottery

Progressive jackpots, as well as those won locally have low chances to hit, similar to those of winning the lottery. This isn’t exactly a surprise given the fact that the potential profits are similar to what average lotteries will pay the winners. When spinning the reels of a progressive jackpot slots, you can’t hope to win a prize similar to what can be won in the Euromillions or Mega Millions. There are still millions of dollars up for grabs, with record-setting prizes exceeding $10 million.

Just like the lottery which has tiered prizes, progressive jackpot slots have several jackpot that can be won. The odds of hitting each of them are different, with the lowest payouts being relatively easy to win. Claiming a four or five digit figure doesn’t necessarily amount to a jackpot win, since this is not a life-changing amount. On the other hand, these lower jackpots have decent chances to hit and they keep players afloat in anticipation of that big win.

In conclusion, the odds of winning the jackpot are slim but the appeal of the games is really high. A jackpot winner can literally turn one’s life around with one lucky spin and this is always a tempting proposition. Don’t hold your breath waiting for the jackpot to hit but stay positive.