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Progressive Meter Meaning

When it is stated that a game has a progressive meter of 1% etc., does
that mean the house edge is reduced by that percentage? Or what does
it mean, please.

I tried the glossary, but did not find anything.

deuceswild1000 wrote:

When it is stated that a game has a progressive meter of 1% etc.,
does that mean the house edge is reduced by that percentage? Or what
does it mean, please.

A 1% meter means that it advances by 1% of each wager. On a $1
machine, for every $5 wagered, the meter increases by $.05.

Since this is 1% that won't otherwise be held by the house, the house
edge is indeed reduced by that amount.

- H.