Types of Jackpots for Online Slots
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When choosing which slots to play in an online gaming platform, you will consider several things to ensure you get the highest gains.
When you hear the word jackpot in an online casino, you might assume this is a massive fortune reserved for only the luckiest players. Thankfully, when you play slots in online gaming, you have many chances of walking away with a huge prize because of the many jackpots the games come with.
Jackpot slots have several ways of playing though their basic premise remains similar. There are also different methods of playing jackpots based on a casino’s content and the type of slot game among Wowpot slot machines phenomenon.
Below is information on the jackpot types available when playing slots.
Fixed Jackpots
These are also called cash pot jackpots. They are meant for slot machines whose jackpot payout will not increase even if several players have tried winning it.
Fixed jackpots have the highest possible prizes for slot machine players, which makes them tough to win. An example of this requirement is matching five rare symbols or the wild symbols in a game.
An experienced player will know that a fixed jackpot is not a free win because there are several considerations. For instance, a high wager means better chances of winning.
A high fixed jackpot means a bigger bet because the bonus is also often quite high. For example, the fixed jackpot in some casinos is $50,000, but you have to wager $1000.
Progressive Jackpots
These have a growing prize pool according to what is accumulated from players’ bets. Simply put, a progressive jackpot can be won after each spin, but the longer the prize sits unclaimed, the higher it gets.
The portion of a bet added to the jackpot is at times known as a meter and is usually taken from multiple slots concurrently. This means if multiple people are playing a progressive jackpot at the same time, they are all contributing to it.
A progressive jackpot can reach staggering amounts when it lays unclaimed for a long time. This means that it will attract more gamers. As such, this jackpot increases faster when it has stayed unclaimed for a long time.
There are often three basic themes for progressive jackpots. Easy jackpots are the smallest and easiest to win, no-deposit jackpots allow you to win only if you play within a specific timeframe, while a dragon jackpot is claimed by the player with the highest score when a contest period ends.
Local Jackpots
These have accumulative payouts which come from a player’s bets within an online or land-based casino.
The bets are from a specific casino’s slot machines. Because the machine has limited bets, local jackpots have a lower monetary amount compared to progressive jackpots.
Most local jackpots have a payout of $500-$4000. Though low, these jackpots have higher odds of winning than progressive jackpots.
Network Jackpots
This is the minimum jackpot you can win in an online casino. Though its payout is relatively low, you can get a lucrative payout when you choose the right game and jackpot setting. Multi-way jackpots will work like network jackpots, but they have extra features that benefit players.
In a multi-way jackpot, you win other jackpots when playing in addition to the main jackpot. This means extra excitement when playing and increased odds of winning.
Mystery Jackpots
These require players to guess the jackpot symbols and current cash value of a slot game before finishing a column or row of symbols. The game requires the characters in each column and row to be correct and sequential. You incur no costs playing mystery slots, but the game aims for a top prize.
In fact, you have an 84% chance of winning these slots. The most common free slot game is the Free Spins Spin, in which players are often allowed a free spin per day.
Linked Jackpots
These jackpots are connected between different games or the same games in different casinos. In this instance, every bet that meets the minimum game requirements has a chance to win the jackpot.
A linked jackpot is often found in online casinos that are connected because they are using one software provider. Nonetheless, each casino might have different requirements for the minimum qualifying bet.
It is prudent to think of ways to make extra money in the current failing economy. The above jackpots are among your best solutions when you want to combine fun with moneymaking.
The gambling industry is quite lucrative, with revenue that amounted to approximately $30 billion in 2020. It might take time for you to benefit immensely from these lucrative figures in online gaming. Be patient and take time to hone your gambling skills online to maximize your odds of walking away with a slot jackpot.
