Progressive jackpots are referred to as the top payouts available for a particular casino game, increasing until a player wins it. Several casino games make provisions for progressive jackpots. However, these payout types are most common with slot machines. Depending on the game, a progressive jackpot could earn the winner millions of dollars.
The good thing about progressive jackpots is that they are also available for online slots. So, if you are enthusiastic about online casino games, there are chances that you could one day find yourself on the winning end of a progressive jackpot. There are several requirements players must meet before they are eligible for progressive jackpots. For many games, the maximum wager alongside the required combination is what puts you on the line of eligibility for a progressive jackpot.
To better understand what a progressive jackpot is and how it works, let us examine the different types of progressive jackpots that exist.
Different Types of Progressive Jackpots
The pool’s size and the number of players playing at a particular time primarily define progressive jackpots. On this basis, you will come across terms like proprietary, standalone, wide area, and network used to describe the progressive jackpot. These are not just terms in themselves; they are the different types of progressive jackpots that exist.
- Standalone Progressive Jackpot
These jackpot types are those that have been localized to a particular machine. The maximum prize for this jackpot type is usually small because it is assumed that the players are in the region. While this jackpot type’s rewards may be small, players stand a higher chance of winning the jackpot here.
- Proprietary Progressive Jackpot
This jackpot type links different machines that exist in an online casino. To qualify for this jackpot, players need to put in a larger wager. While the chances of winning in this jackpot type is a bit lower than that of the standalone jackpot, with a good understanding, it is possible.
- Wide Area Progressive Jackpot
The wide-area progressive jackpot is a more versatile option and covers a larger area than the standalone and the proprietary jackpots. With advancements in technology, many online slots can create a network of machines that operate in a city or country. This vast network of machines means a huge prize to aim for and a lesser chance of winning. If you want to win in this type of jackpot, you must know the best strategies to engage.
- Mystery Progressive Jackpot
The mystery progressive jackpot is a bit different from the other types of jackpots that have been discussed above. Players win in this jackpot by paying off at random points even without having the winning combination.
The Best Strategies for Winning a Jackpot
If you must win a jackpot, then you must know the type of jackpot available, the rules for playing, and the best strategies to engage for winning. While strategies to be engaged varies from one jackpot to another, some essential winning strategies cut across all the types of progressive jackpots, and they include:
- Choose a skill-based game
To win a jackpot, you should choose a skill-based game that you have a firm understanding of its strategy. You can acquire this firm understanding of the game because of playing it for a while. Playing a skill-based game helps to increase your chances of winning that game and hitting the jackpot available.
- Get familiar with the additional winning combinations
There are casino games that require you to make a specific combination for you to win the jackpot. These combinations are sometimes provided in the rules of the games. Getting familiar with additional winning combinations, asides from those known by everyone helps increase your chances of winning the jackpot.
- Always determine a loss limit
When playing a casino game, you should set a loss limit. Determining a loss limit helps you to play cautiously and keeps you within your planned budget for a game. Players that determine their loss limit are always more concentrated and stand a better chance of hitting jackpots faster than those who play with their emotions.
- Determine how often the game pays out jackpots
Another jackpot-winning strategy that can be of great help to you is knowing how often the game pays out and how much has been paid out so far. This way, you will know when to use a particular combination in a game and how frequently you will play such a game.
Winning a progressive jackpot to many appears to be a thing of luck. However, over the years, we have had many players master the art of winning jackpots by engaging the best strategies. There is no point playing a casino when you do not aim for the highest winning mark. With the right understanding of the type of jackpot and applying the winning strategies discussed above, you can be the next player hitting that jackpot.