New Zealand Progressive Jackpots

September 15, 2017 Posted in News, Tips by No Comments

Every pokie player dreams of landing progressive players unless of course your love for online pokies is not genuine. Although winning the jackpot may seem to be elusive, it is definitely worth a try. However, before giving it a spin, you should at least know how progressive jackpots work in New Zealand and your odds of winning a jackpot.

How New Zealand progressive Jackpots work

At this juncture, it is common knowledge that casinos do not break their banks to finance progressive jackpots. The players contribute to the overall amount of the jackpot. Whenever a player places a wager, a percentage of the wager goes to the jackpot pool. The amount keeps on growing as long as players keep on playing before it is eventually won. The amount to be sliced from a player wager is arrived at after considering the house edge of specific pokies which lies between 2 and 15 percent. The casino further dedicates a fraction of the house edge to the progressive jackpot.

In New Zealand, there are several types of jackpots available.

In-house progressive jackpots

In-house progressive jackpots, as the name suggests, are owned by the casino. Linked pokies hosted on an online casino contribute to the overall progressive jackpot. Whenever a player places a stake on any of the linked pokies, a fraction of the wager goes to furnishing the progressive jackpot. Ideally, the more kiwi players use an online casino, the higher is the in-house progressive jackpot.

Wide Area Progressive Jackpots

In contrast to In-house progressives, Wide area progressive jackpots are made up of linked pokies from different casinos. These pokies are offered by a third-party and the casino only gets a fraction of the overall winnings. Owing to the fact that these pokies are available in several casinos, progressive jackpots tend to be very high. However, the chances of landing this type of jackpots are lower compared to other jackpots.

Stand-Alone progressive jackpots

Stand-alone progressive jackpots are structurally different from wide area and in-house progressive jackpots. Stand-alone progressives are for a single pokie. The progressive jackpot grows as players keep playing that specific pokie. They are usually lower than other progressives but a player stands a better chance of landing a stand-alone jackpot.

 

How to win a progressive jackpot

If someone approaches you selling a “sure” method to win a progressive jackpot, tell him off politely. There is no sure way of winning a progressive jackpot but it always boils down to luck. Pokies run on random number generators and you never know when a jackpot will be triggered. The only way to win a progressive jackpot is to keep playing while staking the maximum amount .Maybe one day luck will be on your side and smile all the way to the bank.

Last Word

As of today, NZ online casinos offer a myriad of pokies most of which are linked to progressive jackpots. Popular jackpots in NZ include the Mega Moolah, Major Millions, King Cashalot, and Roulette Royale progressive jackpots.

 

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