January 28, 2023

How To Measure Hot and Cold Progressive Jackpots

The biggest prize you can win in casino games is the jackpot. They are most often used on slot machines and video slots. The jackpot height is always displayed on the user interface, which you can see if you play both in a brick-and-mortar casino and online. 

Progressive jackpots are hard to win because the prize is constantly growing, and with each bet, it gets bigger until it’s won. As these prizes are rare, and at the same time they can reach very high values, they should be monitored separately, and determined which slots are profitable and which are not. Therefore, we classify jackpots into “hot” and “cold”. We will explain which are hot and which are the cold jackpots, and how to measure them in the rest of this review.

What defines “hot” and “cold” jackpots?

The given definitions that characterize jackpots indicate their profitability. Simply put, a “cold” jackpot is not profitable, while a “hot” jackpot is profitable. Every player’s dream is to win the jackpot, and probably everyone would like to know when is the best time to play, as well as which slot to play, which could soon hit and make your dream come true and change your life. Perhaps the answer lies in finding the “hot” jackpots.

Methods for finding “hot” jackpots

Checks to find “hot” jackpots can be done without playing slots. You can search online sites that track hot and cold progressive jackpots and can help you determine the payoff, and make your choice. On these sites, you can find statistics about the current jackpot size, the average time to hit the jackpot, the time when the payout was made, the average payout size, and the highest and lowest payouts. All these data can help you decide whether to play or not.

Average time to hit the jackpot

One of the key factors in finding a “hot” jackpot is the average time between jackpot hits. There are slot machines that pay out every 3-4 weeks on average, while others take 2 or even 3 years to pay out. Based on this information, you can estimate how long it takes to win. This means that this information can best help you with your choice because it can increase your chances of winning the most.

The time when the payment was made

The time when the payment was made can be important information. Based on the time of the last payment, you will receive information on the last time the jackpot was won on one of the slot machines. Some slots pay often, and those that have not paid anything for a long period. This may give you an idea to choose those slots, which pay often and indulge in playing. However, there are other elements to measuring jackpots, as a slot that has not paid anything for a long time may hit in a short period, and suddenly it can also be considered a “hot” jackpot.

Average payout size

The fact is that slots do not often give progressive jackpots, because the prizes are huge. That is why it is necessary to take into account the information about the average size of the payment. In the previous chapter, we mentioned slots that did not pay anything for a long period, however, when we look at the size of the jackpot, which you could win, you will see that it is an amount that can change your life in an instant. This means that you should also consider the value of the jackpot against the average time to win, which may give you a clearer picture of whether the wait is worth the effort.

Bet size

As we have already said, progressive jackpots are not easy to win, as they are characterized by the highest payouts. Most games will require maximum bets to qualify for the jackpot. It is recommended that you familiarize yourself with the minimum betting requirements before starting. Therefore, to win the progressive jackpot, you must invest the exact amount or more than the minimum requirement.

How does a slot machine work?

In the previous chapters, we explained to you the methods for measuring “hot” and “cold” jackpots. It’s up to you to decide whether to choose a bigger payout or a more frequent win. There is no magic formula for solving your dilemma of which is better to choose because slots can pay out a progressive jackpot at any time. Perhaps it is more acceptable to think that you should avoid slots that have recently paid out a jackpot because it is less likely that the game will give a new jackpot in a short period.

However, if we know that the slot machine does not take into account the time when the jackpot was last paid out, you can have a chance even if you choose a slot that paid out a win relatively recently. Each spin on the slot machine is random, and the probability of the next result is the same, compared to the previous ones, which means that based on the results of previous spins, the result of future spins cannot be determined. It is necessary to say that the RNG (random number generator) of the slot is the most important, because it determines the victory, and it is programmed to always be 100% random.

Conclusion

The biggest prize you can win is the jackpot. It is impossible to predict which slot machine will pay the jackpot, and the last time the jackpot was paid is one of the elements that classify slots as “hot” or “cold”. Other elements are also taken into accounts, such as the size of the payout and the average time to hit the jackpot. Using the above factors can help you choose which slot machine to play, and it’s up to you to choose which of the above factors to consider.

 

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