When we talk about the Jackpot we refer to a very large prize. In casinos, Jackpot is said to be the largest prize that they distribute, and that all bettors seek. That term is also used when we want to say that we were very lucky in something.
In some countries that term is used colloquially, and not only within casinos. People use it when they want to say that someone had a stroke of good fortune. It is a word that has been used a lot lately.
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1. What is the jackpot and how does it work?
When we refer to the jackpot, we are talking about a very large prize, and it increases progressively. This means that the prize amount increases as you play. As long as there is no winner, the jackpot is the money accumulated. The more times it is played, and there is no winner, the higher the prize amount.
- Types of jackpots
There are several types of jackpot. The goal of every gambler is to win the jackpot. Jackpot slot machines are divided into two types based on the type of prize they offer. It can be fixed or progressive.
When you enter the slots section of an online casino, next to each slot machine you will see a constantly changing number. That figure is the accumulated prize that delivers that machine.
2.1 Casino jackpot
Slot machines deliver different prizes, but the main one, and that all gamblers look for, is the jackpot. Even if we review the different prizes paid by one slot
It is impossible to predict when the jackpot will burst. But each slot has its own return to player (RTP) rate. If it is low, the prize increases. All the players hope that this great prize will be theirs. That is one of the emotions that they enjoy the most. Do not miss these incredible tricks to win at Poker!
2.2 The fixed jackpot
It refers to slot machines that always deliver the same amount as a prize. To win the jackpot you must make the maximum bet and hit. Every time there is a winner, the next amount of money is equal again.
2.3 The progressive jackpot
Unlike the previous one, the price increases as it goes out. The more players and the more money accumulated, the amount of money to be delivered grows. For example, if the first prize was 100, the next prize could be 200, then 500, a thousand, and so on. It grows progressively, hence its name. These are the most common in online casinos.
2.4 Sports betting jackpot
In sports betting there are also jackpots, beyond the fact that they are not so well known by that name. These are the big prizes, which usually come out when there is an unexpected result, or the triumph of an athlete or team in a final, and few people bet on it. Taking these prizes is usually very beneficial for the better.
2.5 Jackpot lottery jackpots
The same goes for the lottery. When a jackpot doesn’t burst, the prize rolls over. And as the days go by, the prize grows and grows. Those who win the lottery, after a long waiting time, get succulent prizes. They become millionaires overnight.
3. How much can you win with a progressive jackpot in the casino?
With the progressive jackpots you can win some pretty good prizes. Very large amounts of money, which you cannot even imagine. They were the largest boats in history. And although many people do not believe it, these jackpots existed and were cashed.
These are the most important in history, which are registered in the Guinness Book of Records:
3.1 The biggest jackpots in history
The world record for the largest jackpot awarded -so far- was won by Jon Heywood, a 26-year-old British soldier, in 2015. He won €17,879,645 gambling online, and decided to spend part of his prize on cars.
Meanwhile, a 40-year-old Finnish citizen won 17,861,800 euros, after winning by betting online, in 2013. Both entered the Guinness Book of Records as the highest paid prizes in history.
4. Strategies to win the jackpot in the casino
Slot machines are the biggest source of jackpots you can find in a casino, both physical and virtual. Therefore, they are the favorite game of bettors.
Try to understand how they work and you will be able to follow our strategies for you to win. Here we leave you some tips with which you may get the jackpot.
4.1 Progressive Fixed Jackpot
As we explained before, there are two types of slots: those with a fixed prize and those with a progressive one. With the first, known as flat top, you will not get prizes higher than those established. Instead, the second offers better dividends.
With the second, the prizes will increase without limits, as more players use them. The more participation, the more money in the prize. These machines are usually interconnected with each other, so the accumulated jackpot is usually very large.
The odds of winning are the same for both types of machines, especially when it comes to small jackpots and smaller amounts bet. However, every time there is a winner in the progressives, the chances of getting a win decrease.
