The word jackpot is a big part of the gambling world – both online and land-based. We all know that it’s a good thing that all players strive to achieve. But what is it exactly?
What Is a Jackpot?
“Jackpot” is a term used to describe the biggest prize a casino game has to offer.
Basically, it’s a mega-money payout on a gambling game, used most commonly when referring to slots. A jackpot typically tends to be a very large amount of money that has accumulated due to unwon prizes.
Jackpot games are basically games where you have the opportunity of winning big money prizes. It’s typically games such as lotteries and slot machines that are known for their jackpots. These types of games are especially interesting and thrilling since they’re 100% up to chance. You need to be lucky in order to achieve the jackpot-winning result.
Different Types of Jackpots
You might not know this, but there are quite a lot of different types of jackpots out there. Typically, we just think that you can win a single big jackpot and that’s all there is to it. But that’s not quite right. There are actually four different types of jackpots in the world of online gambling.
Fixed Jackpots
The first type of jackpot that we’ll be reviewing is the fixed jackpot. Fixed jackpots are classic slots that pay out the same specific amount every time a player wins.
This is typically a very normal type of jackpot, and a majority of slot games offer a fixed jackpot. Let’s use an example to showcase how fixed jackpots work! A fixed jackpot may, for instance, be 250,000 coins. Despite how much you bet, the prize never grows, but is fixed and available to be won whenever it is hit.
With fixed jackpots, the jackpot is built into the game. Therefore, no matter what the player feeds the machine, it won’t affect the jackpot. You can actually hit the same jackpot twice and still receive the same amount of money both times. If that were to happen, it would, of course, make you one of the luckiest people in the world. But! Make sure to check the specific wagering requirements when you’re playing online. There might be a catch! It’s always important to read up on the terms and conditions before playing any type of game at an online casino.
Progressive Jackpots
The second type of jackpot we’ll dive into is the most popular!
Progressive jackpots keep accumulating until someone wins and claims the cash.
Typically, a certain percentage of every wager is added to the grand prize – also known as the jackpot. The prize will keep growing with every spin until someone meets all the winning requirements. Once the jackpot has been both won and claimed, the process will start all over again. Due to their popularity, there are many types of progressive jackpots. These can be found at pretty much any or all online casinos.
Multiple Jackpots
Most of the biggest slot games offer many jackpots in order to provide the players with better chances of winning. For example, the slot machine Hall of Gods has a network mega jackpot as well as two smaller pots.
This means that there are three possible jackpots in a single slot machine.
All three jackpots, in the game Hall of Gods, are made up of the players’ bets, but the smaller pots may only be available to particular casinos or countries.
Network Jackpots
The last type of jackpot that we’ll be reviewing is the network jackpot.
Network jackpots occur when each casino that host a particular game pools into the same jackpot.
So, if you play, for example, the online slot game Mega Fortune, you’ll have the opportunity of winning a pooled prize that consists of percentages from bets made by any player who has played the game. No matter which casino they’ve played at. These types of jackpots can grow, but as always, the players should make sure to check the betting conditions and limits! In case the site they’re playing on has some additional rules. These rules can vary from site to site.
The Most Popular Jackpot Games
When we talk about the most popular jackpot games within the world of online casinos, there’s no doubt about which games we’re talking about. Slot games are the most popular and well-known jackpot games in the world. You can play hundreds of different slot games where you have the chance of winning jackpots. The popularity of slot machines is also due to how easy they are to play.
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Another very popular jackpot game is the lottery. This game is also a game of chance that’s very popular among many online gamblers.
The Pros and Cons of Jackpot Games
In order to illustrate some of the pros and cons attached to jackpot games, we have created a list of both. Jackpot games are some of the most popular and attractive games among players. This is due to how easy they are to play and how high the prizes can be. But… As with pretty much everything else, there are also both upsides and downsides to jackpot games.
Here are some of the advantages of jackpot games:
Offer higher payouts than “basic” casino games
You can win multiple jackpots in one game
Wide ranges of jackpots. Smaller jackpots are typically hit more frequently, while the bigger ones are hit less frequently but are more attractive to players
Some jackpot games also host bonus rounds that give players the opportunity to win more
Now that we’ve gone through some of the advantages of online casino jackpot games, let’s take a look at some of the disadvantages:
It’s much harder to get jackpots than regular winning combinations
There are usually some requirements attached that you must fulfill in order to receive the jackpot
Jackpot games can take up lots of a player’s money in the hopes of winning the big prize.
But who doesn’t like the opportunity to win big prizes? On Casino Cupid you can find many different online casinos that provide jackpot games!
