The Ultimate Online Jackpot Guide
If you’re looking for the ultimate jackpot guide, then you’re come to the right place.Within our descriptive online jackpot guide, we’ve set out to give you a basic insight into all the various grand casino prizes. To divulge a little further, come the end of this beginner’s Manuel, you will certainly be able to differentiate between fixed, local, network, progressive and multiple jackpots. Moreover, we analyse TOTO jackpots as well.
Online Jackpot Guide: Introduction
The term ‘jackpot’ has evolved quite a bit since the first UK National Lottery in November 1994. For a start, we’ve now got the internet, thus, the birth of online casinos. Did you know that there are more than 5 different types of jackpots? If not, this online jackpot guide shall help you get to grips with how each variation works.
The concept of winning a life-changing wad of cash is a fantasy that we’ve all flirted with at some point. On the 19th of November 1994, the UK National Lottery numbers were drawn for the first time by hosts Noel Edmonds and Anthea Turner. The following year, Elaine Thompson became one of the first winners of the state-run lottery scooping up £2.7 million. In the past 25 years, the state-run jackpot has created over 5,500 million and multi-millionaires.
However, we’ve come a long way since then. Software developers and online gambling operators, such as Vegas Crest Casino and CyberBingo, have adopted the regular lottery and created online jackpot slots. Within this category, you have the different jackpot types. So, without further ado, let’s find out what it’s all about.
What is a Jackpot and how is it different to regular slot games?
First and foremost, we’d highly recommend you take the time to learn about the difference between regular slots and jackpot slots. Once you’ve read this section, you’ll be able to spot the difference between the two.
Online casino slot games are the most basic form of gambling. Developed from the classic fruit machine, the online gambling industry has taken the core values of slots and created so many different themes and variations. Just take a look at Bovada Casino’s Arabian Tales!
Jackpot slots are different to regular slot games because of its value. Did you know that the name ‘jackpot’ originates from a late 19th century style of poker? In the older version, players would only be able to begin wagering when they had two jacks or higher. Until then, the pot pool would only get bigger and bigger. Hence, the name jackpot came into existence.
The primary distinction between a regular slot game and a jackpot game is the prize if your spin is a winner. Regular slot games can double, triple or even quadruple your wager. Contrastingly, jackpots consist of a far greater bang to them. We’re talking about 500x your stake or more!
Fixed Jackpot Slots vs Progressive Jackpot Slots: The Difference Between the Two Big Prizes
Now that you know how to spot a jackpot, let’s break down the various types you will meet. Perhaps you’ve already come across the words fixed and progressive. These two major cash prize monsters are opposites but just as notorious as each other.
What are Fixed Jackpots?
A fixed jackpot slot game does not have any massive prize in the millions for you to win. However, they do occur more frequently than their counterpart.
Each fixed jackpot slot game has its own maximum payout amount. This prize will not grow. Depending on how much you wager, the figure will always be calculated based on the payout amount.
Let’s say a fixed jackpot slot has a maximum payout of 300x. In this case winning the jackpot will always be 300x your wager. In other cases, a fixed jackpot may have a specified cash prize, say $1000. As soon as someone hits the fixed jackpot, the prize money goes back to its original payout value, awaiting the next winner.
What are Progressive Jackpots?
As for progressive jackpot slots, the rewards tied to each game typically exceeds the fixed jackpot wagers. This is because the jackpot has room to grow and with every wager a player makes, a percentage of that adds to the jackpot.
For instance, players at Vegas Crest Casino who play a progressive jackpot slot are only contributing to the total prize money. This can be won at any time but until then, the prize pool keeps on growing.
In a nutshell, the best progressive jackpot slot machines are more rewarding than fixed jackpots but are far rarer to win.
Now that you’re able to tell the difference between fixed jackpots and progressive jackpots, it’s time we venture into what other online casino jackpot types you need to know!
Village and Nation Resemblance: Local vs Network
To complement the various jackpot types we’ve dissected, comes two more adversaries – Local jackpots and Network jackpots.
Local jackpots are far smaller than their twin-sister as they cater the big prizes for a specific casino. Network jackpots are much more rewarding as they serve more gambling sites, not just one.
Our Plain Definition for Local Jackpots
To make it simpler to understand, we’ve created a comparison between a village tombola and the national lottery. You’re not going to be able to win the village raffle without being present. Likewise, a local jackpot can only be won by exclusive customers to that jackpot. Therefore, the only winner of the local jackpot can be a player at the casino.
For instance, if 1xBET Casino hosts a local jackpot playing Stoned Joker, you’re not going to win that pot playing at Bodog Casino, now are you?
Are Network Jackpots Connected?
To answer this question, yes, they are. Different casinos share a network jackpot when the same cash prizes can be won at various gambling sites. So, just like you can win the national lottery in different parts of the country, network jackpots can be won at different online casinos. Network jackpots are produced by software providers such as NetEnt. This way, the suppliers can be sure that the game can be won at various casinos, like Betsson.
Online Jackpot Guide: Let’s Not Forget About the Multiple!
If you’ve come this far, congratulations are in order! You’ve then learned about all the various jackpot types and how they can be intertwined. For example, you can have a local jackpot which is fixed. Or, there’s also the possibility to play network progressive jackpots which can be won in several casinos.
So, now that we’ve settled the basic fundamentals of our online jackpot guide, it’s high-time we reveal to you the final jackpot – the multiple.
It’s very possible that you’ll want to know more about this grand prize as it is the biggest online jackpots ever won have been multiple ones.
The basic definition of the multiple jackpot is a combination of major pots for a specific slot game. The most popular slot is Mega Moolah, because of previous winners playing the jackpot slot. Taking Mega Moolah as an example, the slot game has four different jackpots attached to it.
Online Jackpot Guide: How to Win a Multiple Jackpot?
Because a multiple jackpot game has more than one grand prize, how can you possibly know if you’ve hit the big-time? Well, it really depends on which game you play.
A multiple-jackpot slot game will usually, but not always, have bonus rounds. Therefore, by winning a few spins, you’ll kick-start a chain reaction – i.e, more spins and more prizes. This can be one way to hit the big prize.
In other games, there’s no bonus round at all. Thus, the jackpots can be triggered at any given point. So, to avoid all these confusions, we recommend that you take a look at the manual for the game before trying to hit the big one.
What is a TOTO Jackpot?
Another pointer which we’ve got to look at is the TOTO jackpot. TOTO is a form of a grand prize which you will not find in online casino products. On the contrary, you’ll find this in Sportsbook products.
A TOTO jackpot is a progressive prize which but can only be won by correctly predicting the outcome of specific games. Usually, players will need to guess around 15 results. In case of TOTO jackpots, 99 times out of 100 they are local prize. Hence, they may only be won by players at a specific casino and will vary in prize-pools from one sportsbook site to another. You can find out more in our Toto Guide.
Use Lady Luck and our Online Jackpot Guide to Get Rich!
There’s no guaranteed way of hitting the mark playing jackpot slots. After all, winning a jackpot is not only about good fortune. You’ll need to have your wits about you. Another booster is to be completely familiar with the specific game which you’re trying to make a killing on.
We hope that our ultimate jackpot guides have helped you recognize the different big prizes online casinos like BitStarz have. Ultimately, it’s better to know what you’re trying to win before you actually play. Therefore, we recommend you play the slot game for fun at first before wagering any real cash.
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