A progressive jackpot at Jackpot Capital online casino might reach seven figures. That’s a lot of money! It turns out that only a few gamers really know how progressive jackpots work so, in this article, we will explain the ins and outs of progressive jackpots. Then we will segue to the way he term progressive has been used in the past and is being used today.
A progressive jackpot grows quickly or slowly as the sponsor of the jackpot takes a small amount from each bet and applies that amount to the jackpot. We use the term sponsor because the jackpot might be owned by the casino, whether the casino is land based or online at Jackpot Capital casino or other online casinos. The jackpot might also be owned by the game provider.
In general, the largest progressive jackpots are owned by a game provider whose games are played in many land based casinos and are also played on hundreds of online casinos. At any given time, there could be a million or more gamers playing the same progressive jackpot slot and contributing their pennies to the growth of the jackpot.
A game provider has world-wide reach. While half the planet is asleep the other half might be playing. This is much different than what happens in those online casinos that are regional in nature.
The term volatile or variable refers to the frequency and size of wins at that slot. A slot with a progressive jackpot will, by definition, be skewed in favor of the very big wins and therefore will be highly volatile. Because of this, many gamers prefer to manage their bankrolls more carefully and play regular slots.
Regular slots might also have a sizable jackpot but it is not a progressive jackpot. A regular jackpot is built into the game and hits very often or less often depending entirely on the Random Number Generator!
Because of the volatility of progressive slots, many gamers set aside a specific number of spins per gaming session or per day for spins on a progressive slot. The meteoric rise of mobile gaming has played into this desire to play progressive slots but not to play then too much.
Many gamers take just a few moments during the day to play progressive jackpot slots on the mobile platform at Jackpot Capital.
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Another less well known side to progressive jackpots is that you have to bet the maximum on the winning payline to qualify for the big jackpot. This also places progressive jackpot slots outside of the financial comfort zone of many gamers.
Despite the two drawbacks we mention here about the biggest progressive jackpot slots, these games remain extremely popular among gamers. In a sense, they’re like a lottery where people have the chance to win millions of dollars in a few moments of amazingly good luck.
Progressive jackpot slots are actually a lot more fun than a lottery since they are still a game while a lottery is basically a computer printout that the player holds while waiting for the draw that will determine the winner.
What else is "progressive"? In almost every country in the world, there is a progressive income tax. That means that the tax rate for high earners is greater than the tax rate for low earners. We won’t argue to correctness of a progressive tax system. Suffice it to say that such tax systems are very popular with the average citizen. After all, it means that for many the tax rate will be very, very low and in many countries the lowest earners pay no income tax at all!
By far, the term progressive as it is applied to political philosophies is a lot more controversial than the idea pf a progressive tax system. The political system that one body politic calls progressive might seem highly unprogressive to those who disagree with it.
Let’s look at the American experience with Progressive politics.
This lasted roughly from 1890 to 1920 but the time frame here is quite fluid. There were progressive elements at work in the United States even before the establishment of the country and the Progressive Movement.
The Progressive Movement of the period cited above had a few very good features and a few very bad features and some features that are still being debated.
Progressives fought for the right of women to vote. This was finally achieved by the 19th amendment to the US constitution which passed in 1920.
The Progressive Movement fought for workers’ rights especially the right to organize into labor unions. This has come to be seen as a general good although, as with many institutions, the labor movement became corrupted to the extent that today most American workers would choose to not be members of a union if they could make that decision.
The Progressive Movement was influenced by the pseudo-science of eugenics which claimed to be able to determine intelligence by the size and shape of an individual’s skull. The upshot of the eugenics movement was that blacks and other people of color were considered to be inferior to whites.
Planned Parenthood began as a movement to provide contraceptives to women. It was founded by Margaret Sanger who openly called for the reduction in the population of undesirables which, at that time, meant people of color, particularly blacks.
Perhaps the least successful aspect of the Progressive Movement was the desire for interventionist policies in world affairs. The interventionist side of Progressivism led to the United States entering World War I in Europe. President Woodrow Wilson said that the war was needed to “make the world safe for democracy”. This notion led to the harsh Versailles Treaty which led to the rise of the Nazi party and ultimately to World war II.
Today, Progressives are open about their desire to rework the United States and the world under a socialist ideology. That clearly divides people into two very different political camps. Whichever side one is on politically, the term progressive has a much better connotation in the world of gaming!
So, most people have positive opinions about progressive jackpots even if they don’t share the political enthusiasms of political progressives. The term progressive certainly has good connotations in the area of gaming! We should leave it at that and enjoy spinning great slots in the hope of winning a giant progressive jackpot.
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