Introduction to Jackpots
Online casino games are in abundance these days from different companies. Some are easy to play, even for those unaccustomed to the online casino gaming scene. However, if you’re looking for an adrenaline rush, then you should seek out the casino games that allow you to stand the chance of winning a jackpot. This is the highest possible amount that you can win on a given casino game, for example, slots, by simply making one spin of the reels you could win a life changing amount of money. Sound amazing? That is because it is! The thrill that accompanies making an unexpectedly huge win is incomparable to any other.
Whether your thrills come from being able to play the traditional games offered on a given casino floor, or its casino games played online or through an app on your smartphone, a win is a more than welcome surprise to any player. Yes, the jackpot you aim for may be a fixed amount that you will win as stated in the particular game you choose, but that is no deterrent. You’re in it to win, and that is exactly what most, if not all, casinos exist for. They enable you, the player, to try their luck and perhaps reap the rewards.
What are Progressive Jackpots?
A progressive jackpot can be described as a pool of money that is collected each time players place bets on a particular game. The reason these games are so prevalent in a majority of casinos, whether they are on the casino floor, or it’s an online casino, is that the player can never really know whether they’ll be the ones to take home the big prize. The reason for this is because the amount to be won is never a fixed figure. It is constantly increasing, depending on the number of people who play on it before a winner emerges.
This varies from the traditional jackpot in that regardless of how many people play on the traditional ones, the amount to be won does not increase. It’s a fixed win number. However, with online jackpots that are progressive, any amount is possible. It may be a few hundred dollars, thousands of dollars, hundreds of thousand of dollars, or even millions of dollars. A percentage is taken from each play made on the given game to go towards the pool of money being collected. The person that makes the lucky spin gets to collect all the gathered winnings; then the pool starts afresh.
Types of Progressive Jackpots
The types can be divided into two main subcategories, that is, the standalone machines and the linked progressive machines. These two categories apply to both the online casino platform as well as the traditional casino floor games. The standalone machines are just that, machines that have a jackpot value of their own and whose winnings are subject to the player placing a bet on that particular machine. One must at all times remember to adhere to the rules around that particular game to ensure no issues should they find themselves as the lucky winners. The linked progressive machines function through having one money pool that is gathering its funds from either a group of the same games in a given casino or to a group of different games from various casinos that are associated. All these resources are gathered and go towards one jackpot and one lucky casino game winner.
Is There an Optimal Strategy for Progressive Jackpot Games?
One cannot truly say that there’s a strategy to win these games, and especially if the player is on the slots. The statement that can ring true is for the player to make sure they are aware of the particular game’s terms if they wish to collect their jackpot winnings eventually.
When it comes to a winning strategy for these jackpots, you may try to do a few calculations in order to figure out the breakeven point so as to be at an advantage. This may require quite a few calculations on the players part, so it is not a strategy for those who wish for an easy solution. The breakeven point is whereby the jackpot has made enough money such that even if you lose a hand while making a bet, you are assured that you will still be profitable as you continue to make the consequent bets that will hopefully make you the winner.
Where calculations fail you, do not lose heart. Finding the right strategy isn’t easy. However, to help your odds of getting it right you may have to consider the currency you use. This is particularly the case with online casinos which tend to use multiple international currencies as they are available in different countries. For instance, if a jackpot pays in Euros and Dollars and allows you to place a bet in any of the two currencies, your safest choice would be to use dollars to bet, so that your breakeven point is lower and your RTP is higher if betting in dollars.
Who Pays Jackpot Winners?
Winning a jackpot is one of the best feelings you can have, especially if it is a big, progressive one. The game developers tend to take on the weight of paying the players their winnings. However, making the withdrawal may prove to be a bit tricky. This is especially true when dealing with online casinos.
Once you’ve won a jackpot, the withdrawal should be instant and as a lump sum amount of your entire winnings. This is usually the case with your traditional brick and mortar casinos; you will receive your funds when you wish to withdraw them. But when it comes to online casinos, the same can not be said. Most online casinos have placed withdrawal limits, which means that after you win, you will have to use the casino’s terms to withdraw. These limits can be anything from under $5,000 a week to even under $20,000 a month, which is quite a small range.
This means that if you were lucky enough to win in the millions or even hundreds of thousands, sadly you may not be able to fully withdraw your jackpot winnings for months or even years. Therefore it is advisable for you as the player to carefully check the terms associated with any casino as far as these withdrawals are concerned. This is because there are casinos that have realised this shortcoming and come up with ways around them. Yes, they still have limits, but their limits allow you to withdraw several million in just the span of a few, short months.
What Are The Odds Of Winning A Progressive Jackpot?
When it comes to calculating winning odds, it all tends to boil down to the game you have selected. For instance, if you are at Jackpot City Slots, a progressive jackpot that is played on the slots is less predictable than one played on video poker, Blackjack, Caribbean Stud, or even poker. Different games have different odds. But do keep in mind that as the prize grows, so do the winning odds.
Much as the odds of winning are similar to those of playing a lottery game, the chances of winning a progressive jackpot become better the longer your in it. The key thing to remember though is that it’s always a gamble. Rules such as placing the maximum bet must be followed if you wish to be in the running for the top prize. There are no exceptions to these rules.
Placing a bet for an ordinary or progressive jackpot is no small fete. You must make the risk a calculated one. Otherwise, you may make losses which could have easily been avoided from the onset. Some well-known names such as Megabucks, Elvis, Lucky Larry’s Lobstermania boast of very high odds for amazingly big wins. However, do not forget that there are wagering rules that at all times must be followed in pursuit of that win.
Find Jackpot information on Aboutslots.com
Have you ever gone on the internet in the search for online casino information? You tend to be bombarded with the conflicting search results. Finding information online on how to play and win not just any jackpot, but a progressive one is not easy. That is why Aboutslots.com have taken it upon themselves to compile for you the right reviews so that you are fully armed with the correct and proper information.
Placing bets is never easy. However, when you’re looking for that win, it makes the trying and waiting online worthwhile. AboutSlots have compiled the best data to get you in the know about your betting and gambling options when it comes to casinos. Whether it’s simply an ordinary standalone jackpot or a linked progressive jackpot, AboutSlots have gathered as much information as is currently available. This is in order to keep you up to date with the most current methods to not only help you to better predict your gaming odds when placing bets but also, information on what to look out for when selecting a casino to gamble at. AboutSlots have compiled a review that is meant to ensure that even if you do decide to pick a game of chance, you take your chances in a calculated manner.