Progressive Jackpots: Chasing the Biggest BTC Casino Prizes
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It is almost impossible to visit an online casino and not find progressive jackpots. These games are key elements to attract players since they promise big profits. For example, Mega Moolah, the largest progressive jackpot game, can pay out up to 1920 times your bet.
However, if you want to play Bitcoin casino games with huge jackpots, you should know that getting the maximum price is a challenge. It’s also weird. However, you can improve your chances of winning by fully understanding how they work. That is what we will explain in this article, so keep reading.
What exactly are progressive jackpots?
Jackpots simply represent games in which players can win a bigger prize. They are of two types: regular and progressive. With a regular jackpot, there is a set prize to win, and when you win it, the game ends. Of course, you can decide to play again.
With progressive jackpots, the story is different and more interesting. Every time you play and don’t win, the jackpot increases. Consequently, the more you play, the higher your payout will be if you end up winning the jackpot.
Here is a clear illustration:
A typical jackpot at a Bitcoin casino, for example, may have a top prize of $10,000. If you play and don’t win, the value remains the same. If you end up winning, you will still receive the $10,000 prize, not a penny extra.
On the other hand, a progressive jackpot can start at $10,000 with a 10x multiplier per round. That means the prize increases tenfold every time you play and don’t win. So in your next round, the value will be $10,000 x 10, which is $100,000, and it goes on and on until you win.
How do progressive jackpots work at BTC casinos?
The progressive jackpots at Bitcoin Casino are similar to those in conventional casinos. The apparent difference is that you bet using cryptocurrencies instead of fiat money. However, there are some details you should know.
Jackpot Betting Contributions
If you’re wondering, how do you increase the value of the jackpot? Where does the casino get its money from? Well, it’s simple.
A small portion of your bet goes toward the jackpot each time you place a bet. It’s the same for all players. So, let’s say 1000 players bet $500 each and $10 goes into the pot; That’s $10,000.
The above is basically the reason why the jackpot keeps increasing. One point to note is that if many players compete and no one wins, the value of the jackpot can reach the sky.
Progressive Jackpot Types
Within the progressive jackpot landscape, there are two main types: independent and network. Their difference is simple. Stand-alone progressive jackpots are native to a particular casino, while network jackpots transcend multiple gaming sites.
Typically, you will expect networked progressive jackpots to have a higher potential payout than their counterparts. As mentioned above, the prize increases as more players participate. So, since network variants involve users from multiple casinos, more money goes towards the jackpot.
Here’s the deal: if your goal is to chase the biggest casino wins from cryptocurrencies, then you should aim for networked progressive jackpots. Fortunately, you will find many of them on top crypto gaming sites. Now, let’s look at some strategies you can employ.
First of all, winning at an online casino depends on luck. It doesn’t matter if it’s regular slots, table games or live dealer games. Legit gaming sites will employ a random number generator (RNG), so you don’t even have any leverage.
That being said, you will agree that there are more chances of losing when you play if you don’t know what is going on. Similarly, veterans earn more because they have a firm grasp of the game’s mechanics, supplemented by strategies derived from experience.
You can employ these strategies when playing with progressive jackpots. They don’t guarantee that you will win 100%, but they can tip the odds in your favor. Check them out below.
- Look for the jackpot – Keep an eye out for multiple progressive jackpots and play when they are at their highest. The zenith of each jackpot will likely have better odds of winning.
- Focus on a single game: Instead of spreading your bets across different jackpot games, focus on one game to increase your familiarity and understanding of its nuances.
- Know when to place the maximum bet: Place maximum bets when necessary to win the progressive jackpot. You should plan your budget to accommodate this strategy.
- Deceleration: Take your time between turns. The more you play, the better your chances of hitting a jackpot.
- Split your bankroll – Divide your bankroll into smaller portions and play only part of it during each gaming session. This is another strategy to extend your playing time and increase your chances of winning the jackpot.
- Take advantage of free spins – If the BTC casino offers free spins as bonuses, check if they work on progressive jackpot slots. If yes, use them to improve your chances without spending more money.
- Bet on multiple lines – If the jackpot allows, betting on multiple lines can increase your chances of hitting the jackpot. Additionally, you can also win smaller prizes to expand your game.
- Use the Double-Up Feature: Some jackpot games offer a Double-Up feature that allows you to double smaller wins. Sure, it can be risky, but you can apply it strategically to increase your bankroll.
- Play high RTP progressive jackpots: Always check the return to player (RTP) of the slot you are playing. A higher percentage will return more of your bet over time. With that, you get more playing time, which means more chances of winning.
Bottom line
Chasing the biggest BTC casino prizes with progressive jackpots can be tempting. If you win, it will undoubtedly be very rewarding. However, you should play these games with caution, recognizing the risk. As already explained, the jackpot only increases when you lose. Therefore, you may want to play and play until you win, which is not recommended.
Follow the strategies listed in this article to increase your chances of winning. However, the most important thing is to set your betting limits and not exceed them. In general, play responsibly.
The information contained on this website is provided as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.
