When you are choosing which slot game you want to play there are a number of factors that you should consider. One of these is the potential jackpot that you can win. It’s always tempting when you see a site with a huge jackpot, and of course, it is far better if you can win the big jackpot than if you get a more modest one, but it may also be a lot less likely that you strike it big and get the win.
As so many different casino games are available there are different ways that the jackpots can be calculated, which are determined by lucky spins as well as simple mathematics, calculating your chance of a win.
Before you dive in and start playing you should also consider the “RTP” rate which is the “return to player” rate, meaning how much of the money that is staked by players goes into a fund to potentially go back to players as winnings, this will impact on the slot games winnings and potentially the jackpot.
The first type of jackpot to understand is the “fixed” jackpot.
Fixed jackpots are those that are determined based on how much is staked. Fixed jackpots may be a set amount, so there could be a dollar value assigned to it, or this might vary depending on your stake.
For example, a jackpot might be 5000x your stake. This means if your spin of the wheel is worth $1 then your jackpot would be up to $5000. It follows that with bigger or smaller stakes the amount that you can potentially win also varies.
Fixed jackpot games are often very popular slot games and they definitely give everyone an equal chance when it comes to winnings. Winning the jackpot may not be hugely common but these games still have a chance to turn a profit, especially if you choose one with a higher RTP value.
When you hear of the massive wins in the world of slots they often come from a progressive slot game.
When you log into a slots website or casino website there is every chance that the top slot games they offer will have a big jackpot advertisement showing what the progressive slot value has reached. People have won millions on these types of games.
A progressive jackpot is when over time, a percentage of the money staked is kept and put into a pot for the potential winners. It is a bit like a lotto in that it continues to build and get bigger and bigger until somebody wins.
When it is eventually triggered (randomly) then the winnings can be absolutely huge. If you are the sort of slot player who likes to shoot for the stars rather than being pragmatic about your chances and analyzing the RTP then this game can give you a bit of excitement. It’s uncommon to win progressive jackpots of course but it does happen, and you can see how they may reach millions of dollars.
Progressive jackpots may also trigger at certain landmarks, so, for instance, when the fund hits a certain amount then it is distributed via a huge jackpot game. This means that there is a big incentive to be playing at the time when the big jackpot gets released.
Research How Slots Work
Did you know that slot games have to provide you with information about how the slots work? In the majority of instances, you can check out things like the RTP and how the jackpots are distributed in the small print of the slot game.
Slot games should be regulated, which means that there is a fair chance for everyone to win the games and take the jackpot.
Though jackpots can vary hugely from one slot game to the next, there are still things you can do to try to increase your chances such as playing at the times when the progressive jackpots are due to drop, and by choosing games with a good RTP value and reputation for paying out the big bucks. Remember, it’s all down to chance, so you better hope that your luck is in.