What is a Fixed Jackpot?
Gambling online has never been more popular and rewarding. Ever since the internet blew up, the wagering trade has been on the rise. In fact, it’s estimated that by 2020, the online gambling industry will be worth over $60 billion. So, what is there to know about it? Well, for a start, we’re going to be looking at jackpots. More specifically, what is a fixed jackpot? Furthermore, how do these rewarding games work and how they fare against non-fixed jackpots?
Our Straightforward Definition of a Fixed Jackpot
So, what is a fixed jackpot then? If you’re assuming that it’s a jackpot which has been manipulated by the casino, you’re sadly mistaken. Although, it is good of you to have these doubts, after all, not all online casinos out there are as honest as Casino Room. But no, a fixed jackpot does not mean it’s rigged.
To put it briefly, a fixed jackpot is a prize which is always the same amount, ergo, it does not grow. Hence, these jackpots can also be called flat jackpots, standalone jackpots or non-progressive jackpots.
There are two different kinds of fixed jackpots which can be won at individual casinos. Some of them are based on your wager whilst others have a permanent cash prize. However, in both cases, as soon as the jackpot is won, the prize is automatically refreshed, waiting for the next jackpot winner.
How do Non-Progressive Jackpots Work?
A fixed jackpot slot game is close to a regular slot. The big difference between the two is the payout maximum. For a slot game, you can expect to double or triple your wager, whereas a fixed jackpot is far more rewarding. These jackpots usually have a maximum payout worth between 100-500x your wager!
The other version of a flat jackpot is when the prize money is independent of your wager. In this case, the jackpot may be worth $1000, which you can even hit with a low €0.50 stake.
Non-progressive jackpots differ to their counterpart as progressive jackpots have prizes which keep on growing. Hereby, if you’d like to get to know more about progressive jackpots, take a look through our ultimate jackpot guides.
Is it better to Play Non-Progressive Jackpots or Progressive Jackpot?
If you’re going to want to win a life-changing amount of cash, you’re better off with a progressive jackpot. But if you would like to cut your losses, a fixed jackpot is the smarter choice. Why is that? It’s all just basic mathematics.
Non-progressive jackpots will not get you as much as progressive jackpots because the prize cash is always going to be the same. However, many gambling experts have suggested that you’re playing with considerably better odds of winning a flat jackpot. In comparison, winning a progressive jackpot can typically range between $10,000 and $1,000,000.
Now that you know the characteristics of a fixed jackpot and how it differs from progressive ones, the choice is yours. Unfortunately, we cannot give you the exact odds of winning one or the other. However, it’s a known fact that non-progressives will more likely be the ones which you can win. Needless to say, it’s the progressive jackpots which will pay-off your mortgage and get you that new car.
Where to Play Online Flat Jackpots
Having gone through the basics about such standalone jackpots, it’s time we help you find some of the best fixed jackpots out there. From our selection of online casinos which can help you track a jackpot, we give you an insight on fixed jackpot ratings we’ve come across.
Click here to visit the 1xBET casino to find a variety of fixed jackpots
