In the world of online casinos, many players are looking for the big jackpots that can be found in the games available. These are currently in the form of progressive jackpots on partner slots.
These progressive jackpots, as they are also often known, increase as players place their bets until a player gets the best combination to win it in a random period. And it is that, who does not want to be a millionaire? Besides slots, there are also other games where you can claim huge jackpots to win.
What is a casino jackpot?
We must go back to 1986 when IGT (International Gaming Technology) turned jackpots into reality in physical casinos to know what a jackpot is. In the 90’s, when online casinos began to emerge on the internet, the progressive jackpot concept became really popular and began to gain traction among games.
Therefore we can say that these jackpots were a large-scale online gambling revolution, causing a huge stir in the industry. These progressive jackpots can be found in a specific variety of casino games around the world. These games are linked to each other and have an attached jackpot marker that essentially indicates to players how far the jackpot is.
Generally, jackpot games will offer really big prizes that often run into the thousands of euros or, occasionally, millions of euros. How are they earned? You are possibly wondering now. It’s very simple, every time a player makes a bet, a certain amount is taken from it, which is used to contribute to the total pot. Even if it is the same group of games, the amount will vary from casino to casino.
- Progressive jackpots are used in a variety of casino games. In addition to online slots, we can also find Keno, Caribbean Stud Poker, Blackjack or Video Poker.
- Typically, progressive jackpots are the biggest jackpots that live and online casinos generate.
- To achieve this, a player must bet the maximum that the slot machine establishes to be able to aspire to win the progressive jackpot.
- The Microgaming slot, Mega Moolah, has been the biggest jackpot ever in a casino, with more than $ 20 million in a single jackpot.
How does a progressive jackpot work?
It is really a proportion of how much each player bets on a certain slot machine, and that money is added to a bigger jackpot (or progressive jackpot) if a player loses during a game.
This means that when each player bets, the pot will become bigger and bigger. There are also progressive jackpots, which link slots in several casinos, allowing the total sum to grow faster… as the jackpots grow to incredible proportions.
How do I bet on the jacket in an online casino?
You should be aware that jackpots are usually tied to slot machines, but in rare situations, they may also be found in table/card games at online casinos. The most typical criterion is that you must put a maximum wager to be eligible to win the pot.
We can inform you that this maximum bet may be quite large at times, making it unsuitable for any casino player. This is why some online casinos offer smaller and greater prizes to accommodate different kinds of players; smaller prizes need a lower maximum stake than bigger jackpots.
Why does the value of the jackpot decrease sometimes?
Apart from putting the maximum wager, players often have to make another move to win the pot. A common example is that if a bettor receives a bonus or special feature that increases his chances of winning the jackpot, a portion of the jackpot will be deducted from the overall amount.
If those players eventually win real money by winning the pot, the money that was removed will be added back to the pot’s total. If you lose, the money that was removed will be added back to the pot’s total. Although it may seem difficult, the reason for this is that only one participant may win the full prize.
Popular jackpot slots
Among the hundreds of slots that you will find in any online casino, some stand out for the high jackpots they have awarded globally. We can name Arabian Nights, Hall of Gods, Mega Moolah, The Big One Colossal Cash or The Dark Night.
However, the palm goes to the Mega Fortune slot machine, developed by online casino gaming software company NetEnt. Mega Fortune has delivered the two biggest jackpots in the history of online casinos:
- 11.7 million in 2011 – at the Betsson online casino
- and the absolute record … 17.8 million, which went to a Finnish player at the Paf online casino.
Online casino jackpots: fact or fiction?
You’ve probably seen casinos with indications that seem like thermometers and claim to represent jackpots. There will also be casinos that indicate that their bonuses are somewhat late. In truth, these indications are comprehensive, but they are not totally trustworthy. Since they play with the well-known “gambler’s fallacy”, they are based on the fact that past results influence future results.
Every time you hear that “the roulette wheel has rolled 7 red numbers in a row, the next one will be black”, you know that it is a fallacy, a lie. The truth is that regardless of how long or how high the jackpot has grown since the last time it was won, every reel spin, card deal, and wheel spin has precisely the same chance of winning a progressive jackpot.
The progressive jackpot might possibly be won twice in a row; however, this is very improbable. You may be wondering now, why are we doing this monitoring of the jackpots then? There are several reasons, apart from the fact that it is simply exciting information for you.
Statistics will always help you maximize your profitability in a game. The bigger the jackpot, the lower the casino’s advantage over you; it is even possible that a prize could be raised to such an extent that it gives the entire advantage to the player over the house.
Certain jackpots have different values depending on which casino you play at; examining the average win values and times might reveal which casino has the greatest value and which one has the quickest jackpot rise.
Slots – slot machines – in internet casinos have developed enormously in recent years and have substantially increased the rewards they offer, and it is now possible to play slot machines with prizes that can reach millions of euros at times.
This is due to the fact that there are machines in online casinos that provide progressive/cumulative Jackpots, which are unique in that they are not limited to a single casino website but are linked to global jackpots. That is, the rewards are linked in slots from other casinos, causing the enormous rewards to grow faster and faster.