Jackpots – Massive Progressive or Fixed Jackpots?
Introduction: Progressive vs Fixed Jackpots – Which Are Best?
If you’re playing online slots and looking for the best casino site to play, then you’re probably hoping to win a big prize. The biggest ones of these would be in the progressive jackpots which promise massive life-altering amounts of cash winnings. But we should point out that these jackpots are very rare and that most prizes will be less than £100.
As you probably know, after having seen lucky winners receive those oversized checks in the media, it’s quite possible for a winner to pocket over 7 figures. But does the larger amount of money necessarily means that progressive jackpots are somewhat better than fixed jackpots? If you’re going to be playing online slots, is it better to focus more on one than the other? With this question in mind, let’s have a look at the differences between progressive jackpots and fixed jackpots and see which at which ones you’re better spending your money.
Progressive Jackpots
Essentially, the progressive jackpot is a prize that increases in proportion to the number of people who play it. As such there are no fixed limitations on these jackpots. It’s all about how much money players have put into the machines over a period of time. Much also depends on the location spread of the network to which these machines belong to. There can be stand-alone progressive jackpots that focus on just one slot machine.
At the other end of the scale, there are network slots that spread over the several US States and can include thousands of slot machines. It’s this latter type but can have prizes building up to eye-watering amounts because they have been played by thousands upon thousands of gamblers. You can play both types at King Billy Casino as they have a massive selection of both progressive and fixed jackpot slots.
The Prize Keeps Growing
Every progressive slot, just like a regular slot, should have its paytable printed on it. Another point to bear in mind is that with progressive jackpots, it’s not necessary to win the large largest prize, as these machines will regularly pay out many smaller prizes. The general casino rule of thumb is of the larger the jackpot then the less likelihood, there is of you winning it. It’s for that very reason that the jackpots tend to grow to such huge proportions. It takes a very long time, with many players playing many different jackpot slots machines on the same network in order for someone to have a win. By the time they do the prize is potentially life-altering.
Like The Lottery
You should really look at playing progressive jackpots in the same manner that a person looks at a lottery ticket when they make that purchase every week. In fact, if we were to look at the statistics, then you’ll see that you have about the same possibility as winning as someone buying a lottery monthly ticket. So in truth, the likelihood of you walking away with the jackpot is practically zero. But as we say, if you don’t play the game, then you can’t have a part in the winning of prizes.
Another way of looking at progressive jackpots is to say the thousands of lucky gamblers worldwide have become richer, thanks to the unexpected win that comes with playing progressive jackpot slots. So technically, you have exactly the same possibility as they had.
Fixed Jackpots
Please prizes are also known as flat or non-progressive jackpots because all have a set amount when it comes to the prize money. No matter what you do or what happens, this amount is the maximum amount you can win. This is the way most of the slot machines you’ll find online function. And it’s also the way that traditional slot machines that you find in real casinos work. No matter how much money you put into the machine, if you strike it lucky, then you’ll have a maximum jackpot that you’ll not be unable to exceed. When the prize is hit, then the jackpot is replaced up to, and not beyond, exactly the same level.
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Which of These Two Jackpots is The Best?
If you talk to a veteran gambler, he will tell you that you should aim for the lower jackpot as opposed to chasing the larger progressive jackpot prizes. Though this might sound foolish, it is in fact firmly grounded in logic. Much will come down to your priorities and your personal preferences. We should also include in that equation, the amount of money that you can afford to spend, or rather afford to lose. When you’re considering progressive jackpots then there is one factor that you should bear in mind above all others, and that’s the “variance” or “volatility.”
This is a way of referring to the possibility or odds of winning a prize on any given spin. Now a low-variance slot machine will payout on a regular basis, but these will be relatively modest winnings. You can contrast this with high-variance slots which will pay out very infrequently, but like those huge progressive jackpots, offer much bigger prizes. On the other hand, if you play with the huge welcome bonus of 151% up to €/$500 + 51 bonus spins, given by King Billy Casino, then you can play for much longer.
One of the best jackpot winning tips and tricks is to take into account the variance before you start to play any online slot. It goes without saying, that if you choose a high-variance slot, then you need lots of persistence as well as patience, and you may never see a payoff. So in this case, there’s the possibility that you may spend heavily without any results.
High Variance
The problem is that progressive jackpots are normally found right at the very top of the variance scale. It’s because they have the biggest prize to be found in the whole casino, that they pay out very rarely. So if you decide to play the slots online, and have only a limited bankroll, then you’re much better off to stick with fixed prize slots. Ideally, you want to find the lowest variance, as this will be much more entertaining for you and increase your jackpot winning chances as your bankroll will last a lot longer.
If you’re a big spender, and have lots of money to burn through, and can afford to take massive losses, then go ahead knock yourself out and try your good fortune playing progressive jackpot slots.
The Best of The Two
The point here is that this is not a binary choice You don’t have to choose one or the other, and can, in fact, play on both. As they say, variety is the spice of life. So why not try your hand at both fixed jackpot and progressive jackpots. This doesn’t mean you have to put exactly the same sum of money into each type of machine, just that you should be open to the possibilities that may come from each type of slot machine. Every slot will have a different variance, which adds something to the gameplay and the general experience of playing.
Probably the best way to approach progressive jackpot slots is as if you were playing the lottery. In the same way that the prizes are huge and the cost of entry incredibly small, they both offer the very rare opportunity of scoring a big prize. We suggest that you keep track of your bankroll to ensure that you’re not spending more money than you can afford. In truth, we would say the same, if you were buying lots of lottery tickets. So, there’s a very good chance you will walk away with nothing.
So now you know that fixed jackpots tend to pay out more often, though progressive jackpots have bigger prizes. But the chances of you seeing any of these huge sums are practically zero, though they are impossible to resist as everyone has a dream of living it large. Playing a fixed jackpot slot will see you hopefully win some prizes though they will be much smaller.
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