types of casino jackpots

Casino jackpot: what it is and how to win it

Playing online casino games, especially slots, is more fun if the gambler can snag a top prize that’s different to the one at the chosen service. It’s all about the jackpot itself. The knowledge that one can break the jackpot in a couple of spins makes the process even more exciting.

All gamblers are eager to get their hands on the jackpot, even if they started playing just for the fun of the process. But first, newcomers are advised to practice in the slot machine demo to understand how the game products function, what the features are, well, to improve their own skills. In addition, jackpots come in different types, which should also be taken into account.

Jackpot types

In practice, jackpot classification is based on two indicators – their size and nature. First, let us consider fixed jackpots. The peculiarity of this type is the fact that its size does not increase with the number of games played. Such jackpots are not in particular demand, unlike their progressive counterparts.

The main advantage of the progressive jackpot is the constant growth of the prize pool. The amount is determined by counting the number of spins. Slots with this type of jackpot accumulate the prize pool with each wager made. Because of this, the network, which involves millions of gamblers, accumulates incredible amounts of winnings.

What is a jackpot

Methods of creating progressive jackpots

If a player makes a winning combination on a selected slot, they get the jackpot. If no gamer manages to achieve such, the prize pool will be drawn, but only increased.

There are three main ways of generating progressive jackpots in use today:

  1. “Stand Alone Progressive – the winnings are accumulated from the prize pool from a single slot and bets are placed only on that slot. The top prize is small, but the chances of getting it are much higher than in other schemes.
  2. “In House” – the cumulative jackpot is collected in a particular institution from all slot machines of the given manufacturer.
  3. “Area Wide – used for large winnings. The prize fund is formed by an independent provider. The latter receives deductions from the whole network of gambling establishments which use this game software.

The terms of transferring the winnings to the winners are specified in the agreement with the gambling establishment. Generally, large cumulative prizes in slots are based on the Area Wide system, where each progressive game adds money to the piggy bank. An independent provider is responsible for this. Thus, nuances in terms of payouts are excluded.

Additional features

Algorithms are sometimes observed in which 90% of the prize is given on behalf of the company that developed the slot, and 10% is paid by the operator of the gaming service itself. To increase your chances of winning the jackpot, it is better to opt for an online casino with gaming products from top companies.

Some of these providers are NetEnt, Microgaming and Novomatic. By playing slots from these companies, you guarantee a real chance to break the big score and really get that money. In addition, slots from top developers feature a modern and attractive interface, lots of bonus features and an interesting storyline.