“Progressive jackpots” is a term you’ve probably seen before when it comes to online gambling. These types of jackpots are common, but even the most experienced gamblers can be a little confused on exactly what they entail. Progressive jackpots are seen at almost all the major casinos, and they have different features and facets that make them among the most exciting games to play. Because of customers’ warm reception, casinos have been offering, more and more, progressive jackpots for their players. Hopefully, after this article, there won’t be any more confusion on what makes a progressive jackpot “progressive,” and what also makes it so popular and fun.
How do Jackpots Usually Work?
Your average jackpot isn’t a progressive jackpot, hence why the two have different names. The way regular jackpot works is simple. You make a spin on a jackpot wheel with a bet amount that qualifies. If you don’t win, your bet amount is added to the jackpot. You can then try again. The bet you place will be added to the “pot” until some lucky person (hopefully you!) lands on it. There isn’t a reel combo you have to hit to win. Usually, the amount will keep changing in order to keep people in the dark about when the jackpot will pay out. You cannot bet on the jackpot with free spins.
What Makes a Jackpot “Progressive?”
So now that you’ve seen how regular jackpot works, it’s easier to understand progressive jackpot. Progressive jackpot is the grand prize of gambling. Each time someone bets on the jackpot and loses, their loss count is added to the pot, increasing the jackpot’s total amount. It increases by a fixed portion (not by the amount of their bet), ramping it up and up until someone wins. Once the progressive jackpot is won, the jackpot will reset to a certain value and the system restarts. The jackpot’s increasing amount is set at a value determined by the casino, and this amount can be higher than the person has bet, increasing faster and faster and larger and larger each time.
Types of Progressive Jackpots
There are three main variations on progressive jackpots that you should know. These progressive jackpots include standalones, locals, and wide area networks. Standalone progressive jackpots involve just the machine on which the bet is placed. Only those machine’s bets are added onto that machine’s total jackpot, creating different jackpots for different machines, should the standalones be the way the casino conducts their jackpots.
The second category, local progressive jackpots, are widened from standalones, and they include the machines within a casino, whether it’s just a specific section of that particular casino or the whole casino. It’s still localised, however. The third category, wide network progressive jackpots, involve an even larger net. This network includes multiple casinos within the same region. For an online casino, this would be perhaps across different country’s users or connected with the land version of the online casino.
How Do You Qualify?
The way to qualify for progressive jackpots is usually connected to a wagering requirement. Players have to wager the required maximum credit amount in order to play. This means that the higher the wagering requirement, the higher the jackpot. A ten-credit requirement will equal a higher jackpot than one that has players wager just five credits.
Can Players Ever Have the Advantage?
Contrary to popular belief, there are some skilled, savvy players that have the advantage when they play progressive jackpots. These players usually only play when they think that they have the advantage. This advantage-seeking usually involves teamwork, with a network of players taking over the jackpot machines during the busiest hours. This is harder to catch in online casinos, but there is still a lot of regulation and monitoring to ensure that people are all verifying their identity and playing fairly (i.e. not creating a bunch of fake accounts to try to trick the machine).
Progressive jackpots make the stakes rise and rise, and they are among the most popular of games because of the thrill they offer players. There are multiple types of progressive jackpots, and, as mentioned, there is always a chance for a player to have the advantage, making it even more thrilling for gamblers of every experience level. Because most casinos offer this type of jackpot, there are tons of different opportunities for you to engage in some fun play.