Online casinos are becoming a popular option among gamblers. The main reason for this is that online casinos offer them more options than their land-based counterparts. They offer games with impressive quality and diversity. Players can enjoy games like blackjack, roulette, baccarat, video poker, slots and many more. Currently, some of the most played games are the variations that feature progressive jackpots. When it comes to progressive jackpots, the first game that comes to mind is slots. However, thanks to the high number of software providers and online casinos, it is possible to play a wide range of online games that offer you the chance to win big. Whether you are a fan of blackjack or roulette, you can be able to compete for the large amounts offered. However, before you can decide whether to play a progressive jackpot game, there are a few things that you need to know. Get up to 500 free spins on Mega Reel!
A highlight of things that we will discuss in this article:
- The principle of progressive jackpot games
- The types of jackpots
- Benefits of playing jackpot games
- RTP and volatility of jackpot games
- How to play and win jackpot games
The Principle of Progressive Jackpot
Players have the opportunity to win when playing progressive games. However, before you decide to play any of these games, it is important that you familiarize yourself with the main principle behind them. It is simple and easy to comprehend and can greatly help you get a general idea of this type of game. Basically, these types of games feature an ever-increasing sum where every player has the chance to win. The reason for the increasing jackpot is that every time someone places a bet, a percentage of it feeds the jackpot. This is why the progressive jackpot stands out from the standard jackpot games in which the amount you win is predetermined. The progressive jackpot games usually feature a considerable amount of cash. This amount is not fixed and can continue to grow until someone wins it. Once this happens, the jackpot is returned to its original position. Mostly, the amount doesn’t start amassing from zero but from a fixed minimum amount. However, you should note that this also depends on the type of progressive jackpot as well as the online casino. Winning the jackpot, however, depends on the type of game that you are playing. For example, in slots, players are required to match special symbols on the reels. In blackjack, on the other hand, you have to form a certain card combination in your hand to win the desired prize. It is important to note that while all progressive games have the same principle, their payout is different. Therefore, always check this aspect in advance to make sure that the version you are playing is worth your time and money.
Also, note that there are several requirements that must be met to qualify for the jackpot. In some games, you may be required to place a special side bet and also bet the max amount. The side bet is quite affordable but also depends on the variation and the selected online casino. About 1% of this wager goes to the prize pool and the rest is distributed as usual.
Types of Jackpots
There are four types of jackpots that you are likely to encounter when playing at online casinos. These include progressive, fixed, network and local.
A progressive jackpot increases each time a player, either at the same casino or across a network of linked casinos, makes a bet. So each time a player bets with for example $1 on a progressive jackpot, a small percentage of the bet is added to the prize pool. This type of jackpot is quite popular and you can expect thousands of players to bet on it every single day. This means that the jackpot can reach several million.
Fixed jackpots do not grow. Games with fixed jackpots allow you to take home a fixed amount of sum during gameplay. The feature is built into the game and doesn’t depend on bets made by players. It is sometimes referred to as a cash pot jackpot. Some games offer both fixed and progressive jackpots, with the progressive reaching lucrative amounts than the fixed one. Some examples of games featuring fixed jackpots include Ivan and the Immortal King and Jammin’ Jars. Read our bingo beginners guide on our blog page!
Network or Pooled Jackpots
This jackpot type is made up of bets made by punters across all casinos that host the game in question. So, layers from all over the city or country contribute to the prize whenever they play the game. Network jackpots are one of the largest because the bets made by several players contribute to the prize pool. You will find an endless list of network games including slots, scratch cards, and table games among others.
Local jackpots comprise of bets made by players at a specific casino. While a particular game can be offered at numerous different casinos, the prize pot at each one is formed completely from bets made by that casino’s players. Because of this local jackpots are usually smaller than the network jackpots. Examples of local jackpots are Tiki Wonders and Gold Rush by Net Entertainment.
Multiple Jackpot Slots
There are some games that have more than one jackpot. The most popular slot with such type of jackpot is Mega Moolah which features four jackpots. The jackpots are usually activated during a bonus round that sets off a chain reaction giving you more spins. In other instances, the jackpot is triggered randomly during the main game in the absence of a bonus round. Therefore, there is no template for how multiple jackpots are triggered. It is, therefore, important that you look at the paytable to understand the game mechanism, paylines, and the jackpots.
Benefits of Playing Jackpot Games
Jackpot games are among the most popular games as they offer numerous advantages. The most obvious one is that they offer you the chance to win a hefty amount of cash. Besides this, there are other benefits of playing progressive jackpot games.
No need for Large Bets
When playing progressive games, there is no need for you to place large bets every time in order to contribute to the ever-growing jackpot. On the contrary, you only need to wager an affordable amount. Therefore, you can be eligible for the jackpot without destroying your bankroll. However, it is recommended that you set a loss limit when playing progressive jackpot games. This way, you can avoid being carried and spend all your money. While the side bet amount is affordable, you should note that it must be placed in every round.
It is no longer necessary to go to land-based casinos in order to play these games. The fact that they can be played at the online casinos makes them exciting. Furthermore, you can play the game at your convenience at any online casino as they are open 24/7. You can win the jackpot at any time as long as you have placed the required wager.
Easy to Win
Winning a jackpot requires very easy steps. In games like video poker and blackjack, you are only required to form particular card combinations to win. When it comes to slots¸ you only need to match the special symbols. However, the card combinations and the symbols largely depend on the type of jackpot and the online casino of your choice.
What are RTP and Volatility?
RTP or Return to Player is an important aspect of any free spins game, regardless of whether it offers a jackpot or not. RTP is given as a percentage. Here is an example: If a game has an RTP of 95%, for every $1 you bet, you will get 95p back in prizes on average. The remaining 5% is the casino’s stake. This might not sound good, but note that it is an average over millions of spins. Therefore, it doesn’t mean that you cannot win, just that the majority will lose. Jackpot slots have a lower RTP than most other slot games. This is because they do not pay out frequently. Therefore, punters stand to recover less the wagered amount. But there will be a lucky player who will walk away with the grand prize eventually. Similarly, volatility is an important aspect. It is measured as high, medium, or low. A high volatility game has fewer and further winning rounds, they pay out much more when luck strikes. But, a low volatility slot will pay out small amounts frequently. Players can, therefore, expect long gaming sessions with numerous small wins along the way. Volatility can vary when it comes to jackpot slots. The change is a result of the different jackpot types available whether multiple, fixed, or progressive. Generally, jackpot slots tend to have higher volatility than other games because they can go for a long time without paying out.
How to Play and Win Jackpot Slots
While it is true that winning jackpot games is purely on luck, there are some things that you can do to minimize your losses.
Set a Budget and Stick to It
You can easily get tempted to spend more than you intended to in a bid to chase after the jackpot. It is, therefore, important that you play what you can afford to lose and see your gaming time as what you would pay for any other type of entertainment.
Play when the Jackpot is Huge
The prize money at stake on progressive jackpots is dependent on the amount and time. The two combine to create an insane jackpot. Furthermore, as the money builds and the size of the jackpot grows, more and more people start spinning the reels in a bid to land the huge jackpot. This is when high rollers start playing, including gambling syndicates. It is important that you keep track of jackpots by different games and software houses and play the games with the highest prize pool.
Be Keen Bonuses and Promotions
The majority of online casinos constantly come up with new bonuses and promos to retain their gamers. You can use this to your advantage. Online casinos will promote the highest progressive jackpots and offer bonus spins and other rewards as incentives. It is worth keeping an eye on these offers so as to get a little extra boost.
Understand the Game
All jackpot types except the fixed ones vary in how high they will go before paying out. This means that there is no way you can tell when a jackpot will drop. But there certain trends to watch out for. For example, a jackpot that normally pays out in millions is less likely to go down when the prize pot has just begun to be replenished.
Set a Loss Limit
You can set per session or per week. Once you hit the limit, log out as playtime is over for now. You may not have won a significant amount, but you have ensured that you have enough cash in the bank to try again later. This also increases your enjoyment as chasing after a win is not all that fun after a few hours.
Try Other Games
While slots make up the highest percentage of jackpot games, there are other games that also have bigger and better payouts. Table games like roulette, blackjack, poker, scratch cards, and bingo also feature jackpots. These have slighter interest among players than slots, hence you have better odds of landing a jackpot.
Final Conclusive Jackpot Slots Review
Jackpot games are a huge draw for gamers and it quite obvious why. The likelihood of winning a huge sum of cash is attractive to almost anyone. And while there is no guarantee that you will win, it is worth trying your luck. However, it is imperative to comprehend how jackpot games work before getting started. This way you can enjoy your game to the fullest. We hope that this guide will provide you with all the information you need to know about jackpot games. Did you enjoy this article? Give our review of the 7-Up! slot game a read!