Online Jackpot Slots Explained
You hit the Jackpot! You’ve probably heard that phrase in the past, accompanied by roaring cheers and a solid pat on the back. In colloquial terms, it means to be successful in an endeavour - to finally bring a partner home for Christmas that your family approves of. In casino terms, on the other hand, it has a more lucrative meaning. In today’s post, we’ll be breaking down the term to understand the mechanics that make a Jackpot the ultimate prize in casino.
What does Jackpot mean?
The term was conceived in the poker world. More specifically, Draw Poker dictated a ‘Jacks or Better’ rule whereby players are required to have two Jacks or better in hand to open the bidding. In the circumstance that none of the players fit the opening requirement, the table would have to place another ante, therefore making the opening pool - or rather the Jackpot - all the more fruitful.
Across the years, the word came to be integrated in casino slot games. To put it plainly, a Jackpot Slot is a game with a massive win potential. Such slot games may feature more than one prize pool which are typically categorised as Mini, Minor, Major, Maxi, and Grand.
Progressive vs. Fixed Jackpots
Jackpots can come in different shapes and sizes:
Fixed Jackpots - Within these casino games, the prize value does not fluctuate. The sum of such pools is predetermined by the providers of the game. For this reason, most often, they carry a lower prize value. Consequently, these pots are typically more often won, carrying a higher RTP than other forms of jackpot games. Some examples of these slots are Mustang Gold and Caishen’s Gold, both in which landing the Grand pot multiplies the winning bet by 1000 times.
Progressive Jackpots - Whilst fixed prize pools can be very consistent, progressive casino games offer a unique game experience. Charged with dazzling elements and incalculable prizes, progressive slots have seen our players winning over $11 million.
The way in which these work is that the prize value continually increases until it is won by one lucky player. Approximately 7% of each bet played on the slot is contributed to the respective pool. For this reason, as the cash pool remains untouched, its value exponentially grows. Once the value is won, it is then resumed to its default minimum amount; which varies from game to game.
Given the large sum of money involved, one can understand why the progressive pot value is not won as frequently. Then again, the best things come to those who wait and our jackpot winners are proof of that.
Local Jackpots - These slots offer a prize value that is contributed to directly by players from a single casino. Therefore, prize pools on games such as Mr Holmes & the Stolen Stones are augmented by bets placed from LeoVegas players alone.
Network Jackpots - These games are composed of bets placed by players across all casinos.
How to win the Jackpot
Truthfully, there’s no specific strategy that one can apply to win the prize sum. The reason for this being that all our slot games are structured on a Random Number Generator. The RNG is a microprocessor that generates a series of numbers at a rate of several billion hundreds of times per second. These numbers determine which position the reels will next land on. This process is what makes our games as transparent and fair as possible. Therefore, while you may not be able to affect the outcome of your spins, you can find comfort in knowing you have an equal chance, as every other player, of winning the jackpot!
Typically, jackpots present themselves as special features in a slot game. In games such as Mega Moolah, the jackpot is triggered at random during routine gameplay, therefore, there’s no way of knowing when the opportunity to win the pot will present itself. One thing’s for certain though, if you want to increase your chances of winning the largest pot, you should opt for the maximum bet amount.
If you’d like to dip your toes in this category, you can browse our selection of Jackpot Slots. The pool for Mega Moolah is almost at $10,000,000 so you could be in with a chance of winning some big bucks!