Jackpots are lucrative and every player dreams to win. It’s not only the pokies machines that come with a Jackpot. Even table games at casinos offer progressive jackpots to play and win. Like pokies here too there are many types of Jackpots at table games and few games have progressive jackpots. As you know progressive jackpot is a large cash prize that increases over time through the accumulation of a percentage of all lost bets. Most of the time the player is required to bet a certain amount or make a special side bet before each hand in order to be eligible to win these giant prizes. Due to their changing nature, these jackpots can sometimes reach up to millions of dollars.
As soon as a player hits a progressive jackpot they will be rewarded with a percentage of the jackpot prize. The percentage of the jackpot that a player will earn depends on the game’s specific pay tables as well as the strength of the player’s hand.
At online casinos or land casinos there are so many table games that offer progressive jackpots to play and win. Some examples of table games that include a progressive jackpot are Caribbean Stud Poker, Progressive Let It Ride and Blazing 7’s Blackjack..
How to win jackpots in table games?
To win Jackpots in table games you need to understand few things. Most of the progressive jackpots in table games do not require a maximum bet in order to be eligible to participate. Instead, they require an additional bet to be made on the side of your normal bet which ensures that you will receive the jackpot if you qualify. There will normally be a special circle or slot that you must place a specific number of chips in if you want to be a part of the side bet.
As far as hand strength goes, the exact specifications for winning these jackpots will vary from game to game. However, if you fail to make the side bet it does not matter what the specifications are because you will be ineligible to win the jackpot anyway.
Most of these table games will require you to make your special progressive jackpot side bet every single hand. There is usually no option to auto-bet on this extra option so you have to be on your toes and remember to do it every time if your game plan is to play for the jackpot.
The average return on most casino games is usually going to be under 100%, which is how the casino makes their money. Even in progressive jackpot games where the jackpot amount is larger than the top payouts for other games of similar stakes, the house edge is still tough to overcome.
However, in some games, it is possible to calculate how high the progressive jackpot needs to get before the average return for each player goes above 100%. Anytime a bet gives a player an average return of over 100% then it becomes a positive expectation bet because they will make money if they repeat them millions of times.
The best way to calculate the sweet spot amount that a progressive jackpot needs to reach in order to give your bets a positive expectation is to analyze what the average payoff is with various jackpot amounts. You can calculate the average payoff for each prize on the payout table by multiplying the amount of each payoff by the frequency of each payout. As soon as these average payoffs all add up to more than 1 then you know your bets will have a positive expectation.
If you simply wait around for jackpots to reach an amount that is above this sweet spot, then technically you can be a profitable player in the long run. However, it is important to remember that the long run is extremely long and it could take decades to get anywhere near enough volume in by using a highly selective jackpot strategy.
Even if a game is profitable due to its sky-high progressive jackpot, you should always use proper bankroll management when playing these games since most of your returns will come from the top two or three hands which are extremely tough to hit. There is no reason to use your rent money just to chase a dream of winning a jackpot that hits 0.00001% of the time.
As said above finally remember that most table games that feature a progressive jackpot will require you to make a small side bet before each hand if you want to qualify. If you happen to hit one of the top hands on the pay table for your specific game, then you will be rewarded with a percentage of the jackpot prize.
The breakeven point on these progressive jackpots tells you exactly what dollar amount the jackpot prize must be for the player to begin to have an edge in the long run. Depending on whether you are playing for profit or fun, you can use these numbers to decide if the current jackpot size fits your goal.
It is important to remember that these progressive jackpots are very tough to hit and you should not be gambling with money that you really need any time in the near future just to try and win one. When the jackpots are low, the house edge can be as high as 30%-40% which means that you should just be gambling for fun in these sorts of games without expecting to hit a jackpot.
So play jackpot table games wisely sticking to your bankroll and not chasing your losses.
Read our next blog to find which table games offer Jackpots to win.