The History of Baccarat
From the 15th Century to the 21st Baccarat is a game that appears as a…
What Is an Online Jackpot?
The best tip of winning big in an online casino is to equip yourself with information. So, let’s get down to the nitty-gritty of what a jackpot really is.
The highest win that you can win in a casino game is the definition of a jackpot. A jackpot game is, in turn, a game that is equipped with a jackpot. You usually find the big J in online slot machines, but they exist in everything from a lottery to roulette games. Game developers have been innovative in the past few years and created more and more gambling games with jackpots.
Generally, a jackpot is a particularly high profit that is triggered in a particular way. Sometimes there are two or more jackpots of varying size in one game.
Different Types of Jackpots in Casino Games
There are different types of jackpots which work completely differently. For the average Aam aadmi who plays a bit of casino every now and then, this is not notable. But, just like we said earlier – information is king if you want to win the really big jackpots.
To keep things simple you can divide a jackpot upon two main categories.
- Fixed jackpots
- Progressive jackpots
If you want to win seriously life-changing sums you should only be playing progressive jackpot games. However, for the sake of knowledge, we will summarize both types so you know what to look out for and not.
In the progressive section, you will also find slot games we have reviewed at Seven Jackpots. These slots explain in detail how to win the jackpot in that specific online slot machine.
Fixed Jackpots
In fixed jackpot games, the minimum and maximum jackpot size are already determined from the beginning.
If the fixed jackpot has a value of 50 lakhs, there is nothing that can cause that sum to increase or decrease. If someone wins the jackpot, they will win the whole amount. Once that Jackpot is won it will be immediately replaced by a new of 50 lakhs.
Usually, an online fixed jackpot is not “expressed” in fiat currencies such as INR, EUR or USD. However, if you go to a physical casino, such as one in Goa, it will be displayed in INR.
The most common way of displaying the winnings is to win a prize in relation to what you bet. Therefore, you will see that a fixed jackpot is expressed in “coins”. If you win 5000 coins and have a coin value of one rupee you will win Rs.5000. If the coin has a value of Rs.10 it would instead give you Rs.50,000.
We do not recommend our readers to play fixed jackpot slots.
Progressive Jackpots
Now, this is the type of games which will bring home the life-changing sums!
Progressive jackpots are growing slowly day by day until they reach, astronomical sums. The largest progressive jackpot as of today was won at 140 crores!
The principle is that a small part of each bet goes to build up the jackpot. If no one succeeds in winning the jackpot for a very long time (3-4 months), it means that it has had time to grow big. In theory, a progressive jackpot can be of any size.
The sum of the proportion of each bet, which contributes to the total jackpot differs from game to game. In Mega Fortune, which is one of the most famous progressive jackpot games, 5.5% of all bets go into building their big MEGA Jackpot. Compare this to Mega Moolah, another very popular jackpot game, which only contributes 2%. So, in theory, it will take much longer for the Mega Moolah jackpot to grow big.
When someone wins a jackpot it is reset.
Luckily though, the jackpot is not reset all the way back to 0. No, in order to ensure it does not start at 0, a small amount is reserved from each player bet to the second after next jackpot. However, sometimes the jackpot starts on a fixed starting sum and grows from there.
Digging even deeper into the topic of ‘progressive jackpots’, there are some additional types:
- Standalone progressive jackpot
- Local progressive jackpot
- Global progressive jackpot
Stand-alone Progressive Jackpots
A stand-alone jackpot slot is a game in which only the casino players of a particular casino contributes to the jackpot. This is the type of progressive jackpot that is usually the smallest. Because if you think about it, you only have a fixed amount of people who can play the game. All of the players must be signed up at the same casino.
For that reason, stand-alone pots are the smallest, since they do not have the same conditions to grow as a ‘global’ progressive jackpot.
There are not many games like this since the popularity is so low and usually dependent on what kind of online gambling laws a country has. Take Sweden or Denmark for example, where it is legal to play online casino, but ‘global’ jackpots are banned. What happens is that casino game providers then develop unique games for each casino which as stand-alone jackpots. These kind of games are one, out of few, negative consequences of regulating a market for the players.
Luckily you won’t find any stand-alone jackpots at the casinos we review at Seven Jackpots.
Local Progressive Jackpots
A jackpot that is linked to several different games within the same casino is a local jackpot. This is a phenomenon for slot machines, whereas there is only one jackpot, but it can be won in several other slots.
Whenever the members of the casino play any of the slots they contribute to the local jackpot. If you look at the picture below you can see the jackpot amount is the same in all of the games.
Table Game Jackpots
Table game jackpots are like putting two things together which you love: the brain work of blackjack or smart roulette bets & the excitement of changing your life within a split second.
Table games are traditional casino games such as roulette, blackjack, baccarat or even different poker games. Depending on which game you choose it can either be a fixed, local progressive or a global progressive jackpot. It is usually difficult beforehand to tell the difference between local or global jackpots when it comes to table games.
Sometimes the game can be developed specifically for that online casino, sometimes the game is shared between all the casinos connected to the game provider. We recommend choosing the game which has the highest jackpot or asking the customer support what kind of jackpot it is.
The size of roulette or blackjack jackpots is usually not as high as slot machine jackpots. The reason being is the %-contribution and the fact that these games are not as popular as Mega Moolah, Mega Fortune or Hall of Gods.
Bingo Jackpots
Bingo games also have jackpots, just like slot machines. However, this kind of jackpots is the smallest compared to casino and lottery games. But the chance of winning them is considerably higher and you can even provoke the outcome with “strategies”!
Bingo jackpots are 9/10 times local progressive jackpots, which means they only grow by the bets of the members of one bingo site. Each “bet” or number in bingo has a very low average value and hence the jackpot doesn’t grow so big.
The odds of winning the jackpot is changed depending on how many players are in the game at the moment. You want to compete against as few players as possible, which you usually find early in the mornings, late at night or at other times when normal people are supposed to sleep.
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