With life changing Mega Moolah progressive jackpots and many other huge payouts up for grabs, does it all come down to the size of your bet?
Dreams Do Come True
Trying to land that once in a lifetime progressive jackpot is something all casino players dream of. As a matter of fact, I’m willing to bet that people that don’t even play have dreams like this and who can blame them. Having seen the jaw-dropping Mega Moolah Jackpots reaching €10-15 million before being won will have that effect on anyone.
The fact that one lucky click of the spin button can completely change your life as you know it forever is just crazy. Then again, being able to sell the dream is the main reason why there are so many casinos out there.
Does Size Matter?
As we keep playing and continue chasing the big jackpots, questions tend to come up regarding how to improve your odds of actually winning one. One of those questions is whether or not your bet size matters? Personally I think so but the truth is that there isn’t a clear and simple answer. Why? Let’s try to figure it out.
First of all, when it comes to a jackpot, you should understand that there are two different types. There’s the static version and then there is the much more impressive progressive jackpot.
This is basically how they both work.
A static jackpot game is pretty self-explanatory. You have probably come across several games where you will find 3 or 4 jackpots inside the game. They may be presented as Mini, Minor, Major and Grand Jackpot or perhaps Bronze, Silver, Gold etc.
In static jackpot games, you will see the jackpot amounts change as you adjust your bet level. If you increase your bet, the jackpot numbers will go up and vice versa. You can see the difference right there on the screen in front of you.
Above is a screenshot of Dragons Element, which has static jackpots. If I play with a minimum bet, €0.01, the Grand Jackpot is €750.
If I instead adjust my bet limit to a much higher €3, you can see the Grand Jackpot is now worth €225,000. In other words, the bet size has a huge impact on the actual amount.
Linked to Your Bet Level
The size of a static jackpot is already set and linked to your bet level and is not affected by things such as how many players are playing it and how much is deposited.
Some examples of static jackpot games are: Elvis Frog in Vegas, Wild Spin, Dragons Element, Ruby Hit Hold & Win, Sizzling Moon and Big Wild Buffalo.
There’s a jackpot waiting for you in Big Wild Buffalo
Go Big or Go Home
Just to make things more clear. Let’s say you bet €1 and the static jackpot ends up being €100,000. Should you instead place a much bigger bet of €100, that jackpot blows up to a much more appealing €10,000,000.
Are you with me so far?
A progressive jackpot works a little bit differently, which is why they can reach the astronomical numbers they do. The way they work is that for every bet a player makes in the game from anywhere in the world, a percentage of that bet goes into a progressive jackpot pool.
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More Bets Means Bigger Jackpot
The more players who play and the more bets being placed, the faster the progressive jackpot will grow. Not only will it grow fast, it will continue to increase until that moment when one lucky winner wins it! After this happens, the prize pool will reset and start over again.
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No Less Than €1 Million
As mentioned in the beginning, there have been several Mega Moolah jackpots climbing way above $15 million. Another reason why Mega Moolah constantly reaches into the millions is because in contrast to other progressive jackpots that start from €0 after a reset, Mega Moolah always begins at a much higher €1 million!
These games are all part of a unique type of slot and as you can understand, some of the most popular ones to play.
Some popular progressive slots other than Mega Moolah are Major Millions, Age of the Gods, Fortunium Gold Mega Moolah, and Ancient Fortunes: Poseidon WowPot Megaways.
Make sure to have all 15 paylines active in Major Millions or you can’t win the big jackpot
Still wondering whether or not bet size matters? Let me give you another example. For many progressive jackpot slots, a player has to bet the maximum amount each spin in order to meet the requirements for the big jackpot. If you bet too low, you will never win it.
One of the downsides to this is that it can quickly eat up your bankroll, so try to keep that in mind.
Another example of this is the fact that if you want to be in the running for the Major Millions progressive jackpot, you have to activate all 15 paylines.
Real Life Examples
There are two stories I want to bring up as real life examples of how things can play out.
– Story number one
I’m sure you have heard how “Someone got a jackpot on a machine that I just stopped playing. Had I kept playing, I would have won”.
Let me tell you a story that happened to a friend of mine. She went to a land based casino together with her friend on her birthday. The plan was to try their luck on the slots and they noticed two older ladies that kept playing the same two slots for hours and hours. When these two ladies finally stood up and left, they decided to try the two slots.
Right away both of them pressed the max bet, which was €20. Imagine their surprise when BOTH of them won a jackpot! One of them at €650 and the other €950. My friend is convinced it was because of the max bet.
– Story number two
Another common thought is “I missed out on a big jackpot because I wasn’t playing maximum coin. If I’d bet the max then I would have won big”.
An example of this comes from a story from the same friend. She was playing online and for a long time she only bet €0.10 and didn’t win a thing. Just to give it one last shot, she increased the bet to €1 and boom – she won two jackpots in a row worth €3,000. Once again, convinced it was triggered because of the bet size.
Is that evidence enough?
Those two stories prove that higher bets increase your odds of winning, right? Not so fast.
– Example number one
The thing is, that the slot machine is constantly using the RNG (Random Numbers Generator) and picking numbers even when nobody is playing, even in between spins. If we apply that to the first event with the two older ladies.
Let’s say the ladies had stuck around for another bet or two, using the same size bet as my friend. Because of the RNG, there’s a minimalistic chance that they would have pressed spin at the exact micro second that my friend did and thereby triggering the jackpot win.
– Example number two
If my friend would have played with €1 bets from the beginning, all wins would have been bigger and also taken longer to ring up. This again would have made pressing spin at the exact same moment as she did when she won impossible.
What Are the Odds?
Let’s continue by taking a look at how things really work in the background. For example, the chances of winning a jackpot on an online progressive jackpot slot has the odds of 1 in 50,000,000. For this to be true, your bet needs to be €1.
Instead of betting €1, what happens if you decide to go bigger? According to the information available, if you were to place a bet of €100 per spin, it means that your chances of being victorious becomes 100x bigger than before. Instead of the original 1 in 50,000,000 your odds are now 1 in 500,000.
If you want to base your opinion on this type of statistics then yes, increasing your bet size does in fact give you a better chance of winning.
No Single Thing
As you can see, there are multiple things that play into whether or not you end up winning a jackpot, not just your bet size.
Then there are other tricks in the actual games that can be a challenge. For example, normally a progressive slot will have a jackpot bonus round. I’m sure you know that betting bigger doesn’t help you when it comes to collecting scatters and triggering the bonus round.
You need to get lucky in the Mega Moolah bonus round to win
With that said, when you are in the actual bonus round, your odds of going all the way to the ultimate prize DOES depend on the bet size.
If you plan on being a Mega Moolah jackpot winner for example, you need to be lucky in the bonus game and spinning the wheel.
Imagine seeing this on your screen
To Bet Big or Not to Bet Big
As you can see, it’s not as black and white as one could hope. Betting big can absolutely help you win bigger than when betting small but there are so many factors involved.
With games where the jackpot amount is already connected to your bet level, big bets will make a huge difference.
Will it be just as helpful for players who chase the monster progressive payouts? Not necessarily, as long as you make sure you reach the requirements for a qualifying bet.
If you were to ask around, players are split on this topic and as you can see, I can’t even give you a definitive answer.
So, I will turn the question around and ask you? Does the bet amount matter in winning the Jackpot? Let me know in the comment section below.
Most casinos will have jackpot games available so give them a shot at for example at Wolfy Casino, Winz.io, BitStarz or 7Bit Casino.