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The chance of perhaps scooping a progressive jackpot is why slots are one of the most popular online casino games! They’re relatively easy to play, and there is a wide range available to choose from.
Many online slots offer jackpots, and today, we’re going to explore the question of ‘what are the odds of hitting a jackpot on slots?’
Whether it’s in a land-based or online casino (like us at King Casino), you may benefit from gathering knowledge on slot jackpot odds, Random Number Generators, Return to Player (RTP) percentages and more. So, let’s get started!
RNG is the abbreviation for Random Number Generator, which is a system that governs how slot machines work. It generates random numbers in a sequence that can’t be predicted; this sequence then corresponds to a combination of symbols which is what you then see on the screen. The RNG ensures completely random outcomes and fair play.
2 types of RNGs are commonly used in the gaming industry, and they are:
In slot machines, RNGs use an algorithm that gives completely random outcomes following the sequence. These RNGs ensure that the slot remains fair to all players and that everyone has an equal chance of winning the jackpot when pressing spin.
If you want to understand the odds of hitting online casino games’ jackpot, it helps first to understand the slot paytable. The paytable in slots summarises all game information in one place.
With slots becoming more and more advanced, players can have a hard time keeping track of all the information. This is where the paytable comes in. The information the paytable provides includes but isn’t restricted to the following:
Paytables of different new online slots have varying designs, but all of them are simple to interpret. You can usually access these paytables by clicking on an (i) icon close to the bottom of the game screen or within the menu.
Paylines are quite simply active lines or patterns on the game reels that, if a stipulated number of identical symbols land on, will award a payout. Different slots have a varying number of paylines. One important thing you must remember is that symbols that don’t land on the payline won’t reward you, except where specified, such as in the case of scatter symbols.
These are significant in the game as fewer pay lines will mean your chances of getting a hit will become lower. Paylines are also very important as they could be your key to the jackpot. To have a chance at winning the jackpot, you may have to have all paylines active.
On the other hand, reels are the vertical wheels that spin when you press the Spin button on slots. Slots can have a different number of reels, and each reel can have various symbols that appear on it.
These reels are important as they can determine the slot’s difficulty level. 3-reel slots are simpler than 5-reel slots, and winning combinations can be easier to form, but they usually aren’t accompanied by special features. Each has its appeal. However, 5-reel titles tend to offer more features, including jackpots.
RTP (Return to Player) percentages can be a big help if you want to know the odds of hitting the jackpot on slots. RTP is the average amount of money a slot may pay out over countless spins. The RTP is always less than 100%.
This RTP may help give an indication as to how much you could win from a slot over several spins and may give an idea of how often the jackpot may hit.
The slot volatility measures the theoretical payout frequency and size. Volatility is usually determined to be low, medium, or high. The slots with lower volatility may pay out more regularly but in smaller amounts, in theory.
In contrast, real money slots with high volatility may pay out less often, but when they do, it is more likely to be a larger payout, in theory. High volatility slots tend to link to jackpots more than lower volatility slots as it balances with the infrequent wins.
Different jackpots can have different odds. Any major jackpot usually has odds between 50 million to one or 100 million to one. These odds are dependent on the RTP and volatility of the slot. Certain slots exist that offer incredibly tough odds of hitting the jackpot – 600 million to one.
It all depends on the individual slot.
The results of slots are random, so the jackpot combination may pop up at any time. Thanks to RNGs, the jackpot can happen on the next spin or could be 20,000 spins away; we can’t know for sure!
Is there any use in knowing the odds of hitting a jackpot on slots if you don’t know what triggers them? The most popular ways of triggering slot jackpots are as follows:
While every slot is different, most of the time, playing max bet doesn’t increase your odds.
Most often, the payout ratios for wins remain the same regardless of your bet size. For example, if betting £2 can win you £4, then betting £5 can win you £10, betting £10 can win you £20, and so on.
This is why jackpots most often appear as a multiple, such as 10,000x. So, placing a higher bet will result in a larger payout, but proportionally it is the same regardless of your wager.
Not to mention the odds of triggering the jackpot are the same whether you place the minimum bet, maximum bet or anything in between.Visit King Casino to check out our wide range of online slots with various bonus features, including jackpot king slots, as well as other live casino games!