Types of jackpots
Previously, jackpot was only used in poker, where placed bets increased a pot until someone collected a combination of two jacks. Today, it is the word with a wider meaning – online casinos allow their players to choose from a great variety of jackpots. You can become a millionaire gambling online jackpots at any place from your mobile phone or PC. Read all about casino jackpot types and increase your chances of getting winnings.
Fixed jackpot doesn’t depend on additional conditions such as the number of bets. The size of the winnings is set in advance by the casino and can’t be bigger or less than the specified amount. A player will receive the jackpot after certain conditions are met, for example, a certain combination of symbols appears.
However, when playing online, you should bear in mind that in order to win a jackpot, usually there is a minimal fixed bet you have to wager.
Progressive jackpots depend on the number of placed bets. The more bets are made, the more you win. The pot will grow until one of the players gets the winning combination and takes the jackpot. Then the jackpot starts again from the minimum amount. Usually, the progressive jackpot is a tremendous prize.
Standalone, In-House, and Wide-Area Jackpots
Many slot and video poker machines have progressive jackpots. The jackpot multiples by a small amount each time a game is played. If a slot machine is not connected to other machines and forms its own prize, it is called a standalone progressive jackpot. Generally, the prizes are smaller, but the chance of winning is higher.
Often, multiple machines are linked together to form a greater progressive jackpot that grows faster due to more non-winning games being played. It is called In-House Jackpot and is operated by one casino.
Wide-Area jackpots cover a group of online or land-based casinos. This pot is incredibly huge, but the chance of getting it is very small.
Some slot machines offer several jackpots (usually three) of different sizes. All three jackpots are filled by player’s bets, like the regular progressive jackpot. Gamblers like these options, because they have more chances to win.
There is a limit over which mystery jackpot can’t go. When the jackpot reaches the set value, a winner is selected at random. In that case, a person doesn’t even need to collect a certain combination.