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What are the Odds of Winning a Progressive Jackpot?

Calculating the odds of winning a jackpot requires some fairly complex probability mathematics. Owing to the huge variety in the way progressive online jackpots are set up, the odds of winning different jackpots are highly varied but this does not mean that they are less than astronomical for any one jackpot. Thanks to Random Number Generators (RNGs), on which slot machines depend on to make sure that the odds remain even for each machine and play, it is a relatively straightforward task to calculate the odds of winning a progressive jackpot. This means that the chances of winning the jackpot are not dependent on which computer or slots machine the player uses, or other peripheral factors. Generally, slots that tend to come with a higher payout also tend to have lower chances on each play of winning the jackpot.

The odds of winning the jackpot depend on the number of reels on the machine, and the number of stops on each reel. For machines that are equipped with RNGs, the odds of stopping at any one symbol on one real is exactly equal to that of landing on any other symbol. The more the symbols, the lower the chances of getting any one symbol. For example, for a reel with 15 unique symbols, the chances of getting one particular symbol on one spin is 1/15. On the other hand, a reel with 5 symbols will yield a 1/5 probability of landing a particular symbol.

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There is also the number of reels to consider, a fact that complicates the math further. For a machine that has five reels, as is the case with most major online casinos, you will need to consider the chances of getting five similar symbols in a row. For the 15-symbol machine, the chance of this happening will be (1/15) x (1/15) x (1/15) x (1/15) x (1/15) which lowers the odds further to just 1 in 759375! That is not the end of the conundrum either.

As stated earlier the game setup for different platforms will usually differ markedly, so the number of symbols and number of spins required to trigger jackpot play will also matter. Nearly all major online and mortar and brick casinos put players through a convoluted playing process, which means that it is almost impossible to figure out the exact odds of winning the jackpot, without some very complex mathematical manipulation. Additionally, the odds of winning say Mega Moolah and Megabucks jackpots cannot be exactly alike. For most modern slots machines, the odds of handing out a progressive jackpot are in the range of 1 in 3 million to 1 in 10 million. For greater perspective, the odds of winning the Cashapillar Slot which is handed out annually for example have been calculated at an astronomically low 1 in 4 billion.

The odds of winning the jackpot depend on the number of reels on the machine, and the number of stops on each reel. For machines that are equipped with RNGs, the odds of stopping at any one symbol on one real is exactly equal to that of landing on any other symbol. The more the symbols, the lower the chances of getting any one symbol. For example, for a reel with 15 unique symbols, the chances of getting one particular symbol on one spin is 1/15. On the other hand, a reel with 5 symbols will yield a 1/5 probability of landing a particular symbol. There is also the number of reels to consider, a fact that complicates the math further. For a machine that has five reels, as is the case with most major online casinos, you will need to consider the chances of getting five similar symbols in a row. For the 15-symbol machine, the chance of this happening will be (1/15) x (1/15) x (1/15) x (1/15) x (1/15) which lowers the odds further to just 1 in 759375! That is not the end of the conundrum either.

As stated earlier the game setup for different platforms will usually differ markedly, so the number of symbols and number of spins required to trigger jackpot play will also matter. Nearly all major online and mortar and brick casinos put players through a convoluted playing process, which means that it is almost impossible to figure out the exact odds of winning the jackpot, without some very complex mathematical manipulation. Additionally, the odds of winning say Mega Moolah and Megabucks jackpots cannot be exactly alike. For most modern slots machines, the odds of handing out a progressive jackpot are in the range of 1 in 3 million to 1 in 10 million. For greater perspective, the odds of winning the Cashapillar Slot which is handed out annually for example have been calculated at an astronomically low 1 in 4 billion.

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