What Are Progressive Jackpots?
In every country, there is always a lottery system. If you watch it on the TV or in the news, you will find that the jackpot for the lottery continuously goes up whenever the prize hasn’t been won yet.
The same principle actually applies in online casinos as well. If the jackpot in the slot machine, for example, hasn’t been won by anyone who has played a particular machine, then the jackpot will continuously rise and rise until it reaches the point that someone is lucky enough to win it all.
This phenomenon is known as the progressive jackpot. What is it exactly and how will this affect your gameplay? Read on to find out.
What Are Progressive Jackpots?
In the context of this article, I will only be referring to progressive jackpots in slot machines and nothing else. With that being said, whenever someone plays the slot machine, they will put a small amount of money (that is often fixed) and that is going to be the bet that they are going to wager.
Each time any amount of money is placed in the slots, that will go to the entire jackpot that the lucky player can ultimately win. The sum of the entire jackpot is also known as the meter and is usually taken from multiple machines all at the same time.
For instance, let’s say that five players are playing the slot machine in the same casino all at the same time, the money that they’ve wagered will be added to the total jackpot and the players will be playing for the same jackpot as well.
Occasionally, all of the slot machine jackpots (so long as they are made by the same developer) may also be linked to other slot machines as well. For example, if you were to play in a Marvel-themed slot machine, the Avengers slot machine may have the same jackpot as the same machine you are playing in.
There are multiple ways that progressive jackpots are awarded to players. One is by landing at certain symbol combinations. There are also times where it can be awarded as part of the bonus games and there are also some that are just random awards given to players after coming up with a certain outcome.
It is important to keep in mind that players must know of the mechanics for winning it all. For example, the player must know the minimum required bet to wager for you to qualify to win the prize money. It is also imperative that you understand the different rules of the game, especially since there are slot machines that have specific rules regarding the money that you can potentially win.
The Different Types
There are three different types of progressive jackpots. One is known as the Stand Alone where the slot machine is not linked to any other slot machine in the same casino. It typically only has a fixed jackpot prize, but in some cases, there are some that are programmed to have progressive jackpots.
Another one is known as the ‘In-house’ where a group of slot machines are linked together and players will be able to play and win the same prize money.
The last type is known as the Wide Area where a group of slot machines from one casino are also linked in other casinos as well.
The potential prize money in Wide Area progressive jackpots is huge but because there are a lot of players vying for the same jackpot, your chances of winning are incredibly small.