Many players, when they hear the word “jackpot,” immediately think of a vast fortune that only gets visitors to the casino can pick up. Several varieties of jackpots are in slot machines, which have different bank and payout features. Today, we discuss what types of jackpots can be found in the casino, as well as consider their details.
Jackpot slots are most often another name for progressive slot machines. In such games, a small part of each bet placed is sent to the general bank, from which prize payments are formed. The machine necessarily provides for the jackpot amount – if someone takes a big win, the slot returns to the minimum amount again.
Some slots do not have a progressive jackpot. Most often, these are outdated slot machines that are now rarely used. In such devices, the jackpot is considered the highest payout for the prize combination of symbols collected on the screen.
What Types of Jackpots Exist
Currently, there is a wide variety of jackpot slots. Today, we will take a closer look at each of them. Such machines differ among themselves in several parameters:
- Machine Location – The slot may be part of the software of an online casino, such as CafeCasino, or installed in land-based gambling establishments.
- Payout size – In some machines, players have every chance of becoming millionaires in case of a successful scroll.
As mentioned above, the most popular machines are those with a progressive jackpot. The size of the possible payout continues to increase until the moment someone takes it.
Most slot machines pay out small amounts to players when they hit the jackpot. The advantage of such slots is that winning is easier to get. It is available even for those players who play at the minimum rates.
Before you play the slot in anticipation of a big win, we suggest you familiarize yourself with the paytable. This way, you will know precisely how the jackpot feature is enabled. Most often, it would be best if you played at the maximum rates to participate in the main prize drawing.
Fixed Jackpots
We are talking about slot machines in which the amount of prize money is fixed and does not increase over time. Most often, players will be offered the maximum possible winnings, but there are several nuances. Such jackpots are the hardest to get.
For example, one of the requirements may be the collection of five symbols on the screen, which rarely appear on the reels. Another option is to collect a certain number of wilds. With this approach, the probability of taking the prize is extremely low.
In these machines, part of the money is not taken from the player’s bet to form a standard pot. At the same time, the size of the bets at which you play can affect the amount of the payout in case of a win. Most often, the machine can increase the amount of your bet by 1000-10000 times.
Progressive Jackpots
Progressive slots constantly increase the amount that can be paid out to the lucky one. Each player’s bet sends a certain percentage to the prize pool.
Such slots are straightforward to identify among the games available in the casino. They display vast sums of money on top of the screen, which you can pick up if you win.
Popular progressive slots attract hundreds and thousands of players and collect significant jackpot amounts very quickly. Sometimes the mark can exceed 10 million dollars. A striking example is the Mega Moolah slot machine from Microgaming, ready to give a fortune to a lucky gambler.
Local Jackpots
In these machines, jackpot accumulation also occurs due to the players’ bets. In this case, not one device is involved, but several slots at once, which are installed in a particular casino – land-based or online. A smaller amount of prize money characterizes such devices, mostly not exceeding $4,000.
Such games have several advantages – these are increased chances of winning, as well as a dispersion coefficient at an average level. You are much more likely to succeed in a local jackpot machine than in a progressive slot.
Network Progressive Jackpots
Most often, such jackpots can be found in online casinos. The prize payout amount is added to a percentage of players’ bets worldwide. This is reflected in the maximum bank – most often, the amount ranges from 500 thousand to 5 million dollars.
Huge payouts are reflected in the variance indicator. It is rare to find a slot machine that has a low variance. If you play in a casino specifically to get a jackpot, we advise bypassing online slot machines.
In other types of slots, the chances of picking up the desired winnings are much higher. On the other hand, if you are willing to take risks, the machine can give you the biggest payout in an online casino.
Progressive Wide Area Network (WAP)
This is an analog of progressive network slots. It is installed in land-based casinos. The prize fund is formed from bets in slot machines installed in different places and sometimes in other countries. The number of winnings in such games can easily exceed 1 million dollars.
