Progressive Jackpots Money Management

Focusing your play towards only a progressive jackpot is perhaps one of the most risky play styles in online gambling. The reality is that it’s wrong to say that you will win in the first, tenth or hundredth play because chances are there are many hundreds if not thousands of people playing for that same jackpot.

Effectively, a progressive jackpot is like a lotto that is constantly costing you money. It is like a ticket that lasts for one spin of the wheel, deal of the cards or pull of the lever: it’s temporary.

As a result, gamers aiming to play for the progressive jackpot need to use some advanced money management strategies to ensure that they can last long enough to be in with the best chance of winning.
So, how can you adapt money management to jackpots?

First, jackpots is a secondary game. It is not actually a game in itself. Because of this, you need to observe the rules and also the odds of the game you are playing. Whether it is progressive slots, video poker or blackjack/roulette, you need to ensure you have developed a money management strategy to ensure that you can last.

This means reducing the house edge, and a good money management strategy not only focuses on win/lose criteria but betting amounts and also what you play.

Next, to limit the house edge you need to know what the most efficient games to play are. Often this means video poker. Progressive slot machines tend to have a greater house edge compared to the non-progressive ones, so unless you’re a slot lover with a huge bankroll, don’t waste your time.

Video poker has been proven to be one of the few games in which you can eventually break even. Technically, with the house edge this is impossible but over time if you know the game well enough probability theory states the best case scenario is you will break even.

Video Poker Does Not Guarantee a Progressive Win

While we recommend progressive video poker as it reduces the house edge, this does not mean you are guaranteed to win the progressive if you play long enough. It simply means your bankroll lasts longer, so effectively it gives you more of a chance of winning with lesser overall expenditure. The odds are still the same, you just have to be lucky enough to be around to see the jackpot.

Knowing When to Quit.

The biggest money management tip anyone can give regarding progressive jackpots is knowing when to quit. It is all too easy to keep playing for just one more play. The casino software may tell you a win is just around the corner, but in truth it may be either in the next second, next minute or even the next week.

Don’t let yourself become a progressive casino zombie. Play the game you enjoy, and set adequate limits so that you can always walk away with at least some of your bankroll. Progressive jackpots are a great prize, but they are jackpots for a reason.