The casino business is quite competitive, and therefore casino operators will go to great lengths to keep customers coming. These strategies include bonuses and jackpots. A jackpot is a large cash prize that has accumulated over time.
From the days of brick and mortar casinos, jackpots have been a key selling point for casinos. Players are always drawn to the huge life-transforming jackpot prize money. With the growth of online gaming, jackpots have moved online, where the prize money seems to keep on growing with each day.
Slots machines have always been synonymous with jackpots. With traditional brick and mortar casinos, every player’s dream was to hear the endless jingling of coins when you hit that jackpot. The online-based slots machines as well have had a large following thanks to the handsome amounts of jackpot money on offer. It is important always to remember that casinos are in business. This, therefore, means that you walk away with millions of jackpot prize money is not always in their business interests, as much as you keeping on placing real money bets.
With a good understanding of how the jackpot business runs, you can develop a winning strategy for yourself. In this review, we will explain everything you need to know about online slots jackpots and give some important aspects to consider when choosing a jackpot to play at.
Types of Jackpots on Slots Machines
Before we even get to the winning strategies, it is important first we explain the types of jackpots out there. Slots are arguably one of the most popular online casino game. For this reason, you will find thousands of slots machines to play, each with bespoke themes and characters. Just as the slots machines are plenty on offer, so are the jackpots linked to this type of casino game.
The jackpots you will encounter when playing slots are predominantly of two types; fixed and progressive.
Fixed Jackpots or Random Jackpots
As the name suggests, these are jackpots whose prize money is already determined beforehand. The prize money to be offered in such a jackpot does not change, regardless of how long the game goes without a winner. The winning mechanism with fixed jackpots is randomized, thus the random tag jackpots. Although the amounts offered at fixed jackpots can also be high, they are relatively smaller compared to the prize at progressive jackpots. When the prize money in a fixed jackpot is won, the winner is announced then the prize money is reset, normally to the original amount without any changes.
This is the most common and popular type of slots jackpot. The idea here is that the jackpot prize starts at a small amount which grows over time until there is an eventual winner. With most progressive jackpots, the prize money increases with each real money bet that is placed. The prize money, therefore, is presented as a pool of all players’ bets.
Progressive jackpots are favorites to many players because they appear not to be as limiting as the fixed jackpots. The prize money will keep on increasing over time, which usually adds up to a couple of millions. Once the jackpot has been won, the amount is reset to the initial jackpot starting amount, which normally starts at a few thousands.
Types of Progressive Jackpots on Slots Machines
Under the progressive jackpots, you will find that there are different ways in which these progressives operate. These differences create further sub-groups of progressive jackpots.
- Stand Alone Progressive Jackpots
With this progressive, the jackpot amount grows on one particular slot machine and is not linked to any other machine. This means the rate of increase of the jackpot amount is based on the betting activity on that slot machine and that machine only. Essentially, it, therefore, means you can find the jackpot prize on one slot machine standing at $10,000, yet the jackpot amount on an identical machine right next to it is at $15,000. This type of progressive jackpot is normally common in traditional brick and mortar casinos, although some online casinos are pushing this model as well.
Due to its nature, stand-alone progressive jackpots normally grow at a relatively slower rate. Here it could take some time before the jackpot money hits the millions.
- Proprietary Progressive Jackpots / In-house progressive Jackpots
These type of jackpots operate as the opposite of stand-alone jackpots. Here, the jackpot prize is linked across a number of slots games offered by that particular casino. As such, you will find the same jackpot is available on different slots machines, even though they may not be necessary of the same type. The idea here is that the jackpot amount will grow based on the activity of all these slots machines, and it is the responsibility of the casino operator.
Normally, you will find this type of progressive jackpots offering relatively higher payouts than the stand-alone progressives. This is because the growth is linked to multiple slots machines. This model has gained traction with online casinos, especially newcomers seeking to draw in new sign-ups with their unique jackpots.
- Wide Area Progressive Jackpots
This is arguably the most common and popular type of progressive jackpot in the online casino world. Wide area progressives operate similarly as the proprietary jackpots, only that here the linkage is across multiple casinos, rather than being limited to the games within one online casino. Wide area progressive jackpots are normally operated by leading casino software providers such as NetEnt, Microgaming and RTG. This means the jackpot will be available across all the casinos that source the services of these software providers across the world.
Due to such huge traffic, the prize money rapidly increases and is way higher than what you will get with the other two types of progressives. However, this is normally the hardest kind of jackpot to win.
6 Tips on How to Win Jackpots on Slot Machines
While the jackpot prize money always seems attractive, winning it is not a walk in the park. If it were, casinos would be out of business in a few days. With lady luck on your side, you can use these tips to stand a better chance of winning the jackpot prizes.
- Understand the bonus terms
Whenever you play at most casinos, you will find numerous online casino bonuses that boost your gaming time as well as prize money. The bonuses could be anything from free spins to free play money to use at certain slots machines. When it comes to playing for jackpots, however, the bonuses could turn out to be a hindrance. This will happen if you had not read and understood the bonus terms and conditions.
For instance, you need to check whether you can stake money from bonuses with jackpots. In most online casinos we have reviewed, you will be limited from using the bonus money to play for jackpots. Also, you need to check if there are any wagering requirements before your prize money is released from the bonus. This will determine how much more money you need to spend at the slot machine before you get the bonus money.
Lastly, you need to check if there are any maximum limits on prizes won from bonuses. For instance, let’s say you get a jackpot where you can stake your bonus money. However, the maximum money you can make a withdrawal from the bonus prize is set at $2,500, yet you are playing at a million-dollar jackpot game. This would be a disaster should you win the jackpot, as all you can get out of it is the $2,500.
- Keep the stakes low
Unlike a regular game of slots, winning jackpots is not pegged on the amount you stake. All you can count on is having lady luck on your side. It, therefore, beats logic when you place big bets with the aim of winning the jackpot prize. Why would you send $200 to win a jackpot that you could equally win with a $10 stake?
The aim here should always be getting the most spins from your money thus giving you more chances of winning. You should therefore first check the minimum amount that you can use to trigger a jackpot. Keep your stakes at this lowest minimum amount to ensure your budgeted stake money keep you running for longer.
- Read the pay table
When playing slots, the first and most basic rule is to understand how slots machines work. This entails checking the paytable and the machine’s winnings symbols. You should take your time to understand what triggers bonuses or jackpots at a particular slots machine. While it is hard to memorize all these patterns especially with the modern multi-reel slots machines, all slots machines will have the pay table patterns displayed in the ‘Help’ section from the main game’s homepage.
By taking your time to understand the pay tables, you get a rough idea of how a certain game dishes out its jackpot money. This is especially the case with stand-alone or fixed jackpot games. In some games, you will even find the jackpot prize is won by landing a series of wild or scatter symbols forming a certain pattern.
- Practice with the free spins
A good read of the paytable may not be enough if you do not put this information to use. To get a better grasp of how the slots machines work and payout, it is always advisable to have regular spins. One way to do this without draining your account is by using free spins. The free spins give you a chance to familiarize with the paytable patterns and the various symbols you will encounter on the machine.
While you will seldom ever find any game that gives jackpots from free spins, this is basically for practice, especially when you intend to have a shot at a new slots jackpot.
- Read players’ reviews
When it comes to online business, customer reviews are king. The same rule applies to online slots as well. Before committing to any slots machine for its handsome jackpot money, take your time to read the reviews done by other players. Such reviews shed light on the good and the bad of the game, giving you a better picture of what you are getting involved in.
- Progressive or Random?
It is equally important to consider the type of jackpot you intend to have a shot at. As highlighted earlier in this review, you can have a go at either a progressive jackpot or a fixed random jackpot. Each has its pros and cons.
For instance, while playing at progressives, the prize money you could win normally runs into millions. This is especially so if you are playing at a wide area progressive jackpot that is linked across hundreds of online casinos. Some popular titles such as Mega Moolah, Mega Fortune and Divine Fortune can give you some life-changing jackpot wins. However, you should also understand that for progressives, the game has been designed in such a way that the prize money will rise to those millions. In addition, you are competing against thousands of other gamers who are playing at the same game across multiple casinos. This essentially means winning at progressive is relatively harder and it takes a bit more time for a progressive jackpot to be won.
With fixed random jackpots, on the other hand, the prize money is set much lower. However, since prize amount is already pre-determined and not pegged on the contributions of players’ stakes. In addition, the volumes of players at fixed jackpots tend to be lower, thus giving you a competitive edge. With this logic, it makes randomly fixed jackpots seem more attractive, albeit the lower prize money.
Frequently Asked Questions
You can play online slot games from any registered online casino. Look out for casinos that have slot games developed by reputable software brands. In our casino listings we have a comprehensive list of reputable and renowned online casinos.
Online slot games are random. The outcomes are generated randomly by a computer. There are online casinos that offer jackpot combinations two times in a row. You can also check out the paytables to determine payouts
These are slot games that have the best payout percentage. These are slots with payout percentages of 95-98%.
Playing for jackpots is always attractive to any player, considering the prize money at stake. Having explained how jackpots work, the types of jackpots available and then a few tips to winning jackpots, you now stand a better chance of getting the prize money. However, you should always remember that winning jackpots is purely based on luck. You should therefore never have jackpots as your sole purpose of playing slots, as you could end up spending more money without any wins.
One key rule to always have in mind is you should always keep your stakes low to get the most juice out of your money. You can set a certain percentage of your betting budget specifically for playing on jackpots on a regular basis. With some luck, you could land that life-transforming jackpot prize.