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You Never Win it All

Hitting a jackpot at the online casinos is certainly lucrative for all parties involved – the winning player walks with some cold hard cash and the internet gambling site or venue is also able to take a cut of the winnings. Some players are unclear as to how the online casino gambling sites make so much money – where does their portion come from and how come the jackpots are still able to grow so large? This really is an interesting question, especially when incredulous online gamblers hear that the vast majority of legal slot machines and online slots games have a payout percentage above 90 percent.

Basically the payout percentage means that for every dollar that an online casino gambler puts into a video slot game – that same video slot will pay out at least 90 cents in return. The trick though comes into play when you consider that payout percentages are calculated over very long periods of time, not a daily basis. This means that the land and online casino slots can save up the needed payout percentages and build these winnings into a large jackpot. Once the jackpot hits and players cash out their jackpot winnings the casinos are able to take a percentage of the winnings as administration fees.

In the case of the Microgaming Bad Beat Jackpot game, the game involves poker gambling which means that multiple online casino poker players are playing against each other at the virtual poker table. When the jackpot is triggered (by a complicated system that is irrelevant for these purposes) the payout of the progressive jackpot is tiered. This means that that the winning poker player and other poker players at the table only have access to 70 percent of the jackpot. The player who triggered the jackpot takes home 50 percent of the 70 percent available as winnings; the other 50 percent is distributed to the other players. The other 30 percent is never given out as winnings to the players and instead 20 percent feeds the next jackpot while 10 percent goes to the online casino gambling site for administration purposes.