What are the odds of winning online Jackpots?

Let’s start by saying that jackpot progressive online slots have lower chances for the player when compared to other types of slots, meaning that the return percentage is lower and therefore the odds of winning the jackpot are lower.

The return percentage is a value that estimates the average value that will be returned to the player in long term wins, based on the actual chances of winning and the value of the prizes at stake. On the other hand, we have the house advantage which estimates how much the player will lose with each bet.

The bigger the return percentage, the best the game will be for the player. For example, an online slot machine with a 95% return percentage is clearly better for the player than an online slot machine whose return percentage is just 80%.

Generally speaking, there are two factors that influence the fact that progressive jackpot slot machines have a lower return percentage. The first one is simple: a percentage of each bet is deviated in order to grow the size of the big jackpot and that amount comes directly from the return percentage. 

The second factor is slightly more complicated. A big percentage of the game's return percentage is based on the jackpot payment. This means that if a game has a return percentage of 95%, 5% of that value will be actually the jackpot.

In conclusion, the most economical choice for the players is generally the classic slot machine and not the progressive slot machine. The odds of winning an online Jackpot are always low, but significantly better if you choose to play classic slot machines.