The whole point of gambling is to win money, right? Well, that may not be all of it, but the prospect of catching a huge jackpot certainly doesn’t hurt. We all know that slot machines and other games have a long term house advantage, but we still play hoping that one day we can be one of the lucky ones to win a massive amount of money.
Even though the odds are against us, we all play and hope to have a lucky break. It happens to people every day. You can visit Las Vegas itself or any gambling site and have a very real chance to win some serious cash. You can attempt it slowly with low-paying games like blackjack or go straight for the kill with higher house advantage games that host huge jackpots.
If your sole interest is going for the biggest win possible, the best games for that are progressive jackpot slot machines. These offer the biggest jackpots in all of online gambling. Six and even seven-figure jackpots are common for progressive machines.
The term “progressive jackpot” refers to a jackpot that grows over time. As you and the other players put credits in the machine, a portion of all those wagers is added to the jackpot. The biggest jackpot games are linked across multiple casinos. With you and hundreds of other people spinning the reels day and night, those jackpots grow to staggering heights.
But be warned; progressive jackpots are not exactly easy to win. The odds of winning a million dollar jackpot are stacked very much against you. It requires extremely good luck to win one of these bad boys. If you accept the odds and still want to give it a shot, here’s what you do.
That’s all there is to it. Lady Luck will have to provide the rest. Here are the current jackpots at Bovada as of March 24th, 2014:
For the most part, the bigger the jackpot, the harder it is to win. Bigger progressive jackpots grow to be so big because they are hit so infrequently. Smaller jackpots don’t give you quite as much money, but they are significantly easier to win. You’ll have to decide which is best for you.
You have to be careful about which casinos you choose when trying to win a big jackpot. Apart from the overall safety and security issues that I always talk about, you need to check your casino’s withdrawal rules. It is verycommon to find a little line buried deep in the “terms and conditions” page that says maximum withdrawals are limited to X amount per week.
Many US-facing gambling sites have this limit in place due to the cost in sending cashouts to banks located in the United States. I can think of several casinos that max out your weekly withdrawals at $4,000 per week. You can do the math to figure out how long it would take to withdraw a million dollar win at that rate.
The good news is that quality casinos make an exception for progressive jackpot wins. If you continue reading that same terms and conditions page, you should see a place where it says those maximum withdrawal limits do not apply to progressive jackpot wins.
And if you’re not sure, I would recommend calling or e-mailing your gambling site before you play. Even though the odds of winning that much money are low, it’s worth the effort. Just imagine how frustrating it would be to win $800,000 and spend the next four years getting $4,000 checks in the mail.
This generally isn’t a problem with non-US casinos. The big names such as Bet365 and William Hill even state in their terms and conditions pages that they can send you up to $100,000 at a time. Stick with the big names if you play in the UK and you won’t have any problems getting your money.