Jackpot Payout

Slot Machine Jackpot

The history of the slot machine jackpot obviously is tied into the history of slot machines. The first slot machine was invented in 1887 and called “Liberty Bell.” Part of the influence can still be seen, as with many slots matching bells are among the best paybacks. The Liberty Bell was smaller than modern slots, but worked the same way, and became extremely popular, eventually sweeping across the country.

Slot machine jackpots vary based on several factors, including what type of slot machines you are playing: straight slots or progressive slots. A straight slot machine jackpot will remain at a set amount of money until it is won. After that it will start over again at that same amount. Take, for example, a straight jackpot that it is set at $10,000. That jackpot will stay at $10,000 no matter how many, or how few, coins are put into the slot machine.

A slot machine jackpot that is a progressive slot, however, is different. In a progressive slot, the size of the jackpot is directly proportional to the amount of money that has been played on that specific machine. The more money played in that machine, the larger the jackpot. Once the jackpot is won, the amount drops back to zero until more people start playing again.

The amount paid out to wins that are less than the huge jackpots depends on how much the player bet. Most slots allow a range of coins to be played on every bet. For example, you could bet $1 or $5. The reward may be x5, which means if you bet $1, you get $5 by winning, if you bet $5, you get $25. It's pretty simple.

Slot machines are the most popular games at casinos, in large part because it doesn't require hours upon hours of strenuous study, learning nuances or rules. Anyone can play a shot machine, and this means that someone who has never played slots has just as good a chance at hitting that huge slot machine jackpot as the most professional gambler.