Rapid Fire Jackpots Wednesday, Mar 3 2010
Slot Machine Jackpots 1:01 pm
At the end of 2004 slot machines were released that were programmed with a new “Rapid Fire Jackpot ” feature. This type of jackpot works different than regular jackpots from slots. With Rapid Fire Jackpots they are connected to a selection of slots that hit the Jackpot at random without the need for any specific combination. This is not the first time this type of jackpot was introduced to the public, as the so called Marvel slot machines carried a similar jackpot feature.
The prizes from these types of jackpots are small compared to regular jackpots and this type of jackpot is won more frequently than regular ones.
The biggest question about this type of jackpot is how they are won. Unlike regular slot machines jackpots, there is no specific combination to make the win, so how does the system select a winner?
Now we have arrived at the interesting part. Once the jackpot has been won a new jackpot is selected at random by the system for the next one. Let’s assume, after the last jackpot $800 is selected by the system, and then the next winner will have that amount when the next random jackpot is won.
Winners are selected using the following principle: From every wager on the slots a part of the bet is added to the prize fund. Let’s assume in our case it is 1% of the bet. Now the first to place a bet and spin the reels that causes the total of the jackpot to exceed the selected amount, wins.
On the slot machine games 5 coin types are used between 10 cents and 5 dollars, with a maximum of 9 coins for every game played. This means if one wagers $1 per spin of the reels, 10 cents of that bet are added to the jackpot. The more you bet, the more you contribute to the prize money. Contributing more to the jackpot increases the chances to win it considerably, as each contribution from you brings the total closer to the selected amount at a much faster pace, than players that use smaller coin sizes.
In short; the higher the bet, the better the odds will be. Using smaller bets will decrease the chances of winning the jackpot dramatically.
In case you are now thinking that in order to win continuously playing these slots, all you need to do is wait until the jackpot is high, and bet as large as you can, think again. With jackpots that average in the $800 ranges, it would work theoretically, but it does not work out that way in real life.
Let’s assume that in order to win, you would be betting $45 per spin of the reels. For small amounts like Rapid Fire Jackpots offer that would mean risking a lot for low rewards. In case the jackpot is high enough it may be a good idea to do a larger bet every so many spins to double your chances of winning overall. Should you fail in taking the jackpot, at least you increase your chances of winning another prize from the reel combinations.
M.A.H.
