The online slot industry is booming at the moment, especially with all the new slot games that really improved the overall player experience. With the advancement of online gambling, there are many new types of slot games emerging that have similar principles but are played differently.
Slot games are designed with different elements. From reels, to spin combinations, pay lines, wilds, bonuses, and jackpots. In order to understand how the slot works you need to learn more about each element and try to create a strategy to use to your advantage.
In today’s article, we will talk more about Jackpots in slots and try to explain how they work, and if you can do something to increase your chances of winning one.
What are Jackpot Slots?
Just as the name suggests, a jackpot slot is a machine or a game with a jackpot prize, which often is the biggest potential payout. You can find them on popular online slots websites, like 1Good.Bet.
With that said, there are different types of jackpots. Most of the offer a fixed price, but the money is accumulated in a different way.
How Jackpots Work
In order to understand your chances of winning a jackpot, you need to know how they work. There are several different factors that influence how the jackpot works.
First of all, there is the number of reels that indicate how likely you are to hit the jackpot. Slots that have more reels, provide less chance of hitting the jackpot. This means that sticking to classic slot games with 3-7 reels will significantly improve your chances of winning the ultimate prize.
The second factor is the minimum and maximum bet per spin. This also indicates the amount of money you might end up winning from the jackpot. For example, a slot game with a $0.01 minimum and a maximum bet of $0.1, will pay you less than a slot game with a minimum of $0.05 and a maximum of $0.25.
Also, playing the maximum number of lines can increase your winning chances, but this comes at a cost since you have to place some money on each line and some slots come with up to 80 or more pay lines.
You should also consider playing slots that offer multiple jackpots just because the base jackpot isn’t always the biggest payout the slot can offer.
Types of Jackpots
As we mentioned before, there are various types of jackpots that might look very similar but the process of how they work is different. Let’s go through some of the most popular jackpots and learn how they work.
Local Jackpots
These types of jackpots usually come with a fixed prize pool that is formed exclusively by bets made from players playing at a particular casino. In other words, they are not tied to the slot game you are playing, but the casino that you play that slot game at.
Since the number of players is significantly lower at a specific casino compared to all the players that play a certain slot, the prizes are usually smaller.
Progressive Jackpots
Progressive jackpots usually offer the biggest prizes of all. No wonder why they are booming with popularity. Progressive jackpots work by taking a portion from each bet that contributes to funding the progressive total, or the money that will be rewarded to the player who will hit the jackpot.
With this type of jackpot, players from all around the world who play the same jackpot contribute to the prize, which rises very fast.
The only drawback with a progressive jackpot is the low probability of hitting one. Since the number of players playing the same slot all around the world is significant, there is a smaller chance for you to hit a jackpot.
When the lucky player triggers the jackpot win through a random mechanic or special bonus feature, they scoop the prize, and the progressive jackpot returns to zero and starts collecting money from each bet again.
Since progressive jackpots take a portion from each bet and win, it is worth mentioning that the rewards from winning bets will be lower compared to traditional slots. For this reason, progressive slots have a lower RTP percentage than other online slots.
Fixed Jackpots
Some slot games offer fixed jackpots which are not often life-changing prizes but are still better than what you can win from matching symbols on a line. You can easily spot a fixed jackpot slot since most slot games have three or a couple of different-sized jackpots labeled above the reels.
It is worth mentioning that the prize of this jackpot isn’t influenced by the players’ bets.
Network or Pooled Jackpots
Network or Pooled jackpots work very similarly to Progressive jackpots where each bet made on a specific pooled jackpot game, across multiple casinos, contributes to the winning jackpot prize. Since a lot of people will be participating in the funding of the bet by playing their favorite slot game, the amount of money you can win from pooled jackpots is staggering.
Multiple Jackpots Slots
As we mentioned earlier, some slot games offer multiple jackpots which increases your chances of hitting one. In most cases, multiple jackpot slots have different features that allow you to unlock bonus rounds and reach multiple jackpots.
Of course, some slot games have a random trigger mechanism that hands out a big chunk of money in your wallet.
Even though slots with multiple jackpots offer significantly smaller prizes, the probability of hitting a jackpot is higher than in other slot games.
Tips for Choosing A Jackpot Slot
- In order to win more money, you need to make the maximum bet. Most people don’t understand that winning a jackpot doesn’t mean that they will win all the money. It depends on the amount of money you bet.
- Progressive jackpots pay very little money if you don’t play the maximum
- Choose a slot game that offers multiple prizes.
- Make sure to test the machine if it comes with ‘free mode’ just to understand how the mechanics and features work.
- Read the payout instructions before playing.
- Try to play little every day, instead of sitting for hours trying to hunt the jackpot.