The appeal of progressive jackpots lies in the fact that with a small bet, players can win life life-changing sum of money. Progressive jackpots are open to everyone, irrespective of your betting style, whether you are a high or low-stakes bettor. Winning is based on chance, so it doesn’t matter how good you are. Its unpredictability is also what attracts many bettors, especially TonyBet players.
Progressive jackpots are one of the most captivating features present in online casinos. It draws in a lot of traffic, as bettors are always in search of games with a progressive jackpot.
What are Progressive Jackpots
Progressive jackpots present players with the chance to win large sums from their gaming in one shot. It can create millionaires out of bettors with just one spin of the wheel. Progressive jackpots are primarily linked to online slot machines, video poker, and certain table games. As implied by the name, progressive jackpots are increasing prize amounts. They increase as long as participants keep wagering on the game until a fortunate player wins it. A tiny fraction of a player’s wager contributes to the jackpot pool, causing it to increase. After the jackpot is claimed, it resets, and the cycle begins anew.
Internet casinos are ideal for playing progressive jackpots. The jackpot prize fund is generally substantial since the games span multiple bookmakers. This indicates that wagers from gameplay on various betting platforms add to the jackpot amount
How does Progressive Jackpot Work
Progressive jackpots don’t demand much effort from the player. Its operation significantly reduces the amount of work required from players. Bets placed by players trigger the jackpot and initiate the entire process. A minor portion of their wager, typically ranging from 1% to 10%, varies based on the casino or software providers, and is designated for the prize pool. Progressive jackpots begin with an initial amount. This represents the starting sum the game begins with during the first launch or when a player achieves the winning combination.
The prize pot increases as participants keep playing. Events that typically attract significant attention from bettors often feature a substantial prize pool. With every bet made, the corresponding percentage is included, causing the prize pool total to fluctuate consistently. To secure the jackpot, players must achieve a particular combination or activate a bonus round. Winning conditions vary based on the game; they are not uniform across all. When a player wins the jackpot, it resets completely, and that’s the mechanism of a progressive jackpot.
Types of Progressive Jackpots in Online Casinos
There are various types of progressive jackpots, each varying in its payout value. In the course of your gaming in online casinos, you might come across the three main types of progressive jackpots. Below are the three main progressive jackpot types in online casinos.
- Standalone Progressive Jackpot: A standalone progressive jackpot is not connected to several other casinos or games. It is not linked to any game or network; It stands alone, making it specific to only one game. This jackpot type only grows from bets placed on that particular game, thereby resulting in a lower prize pool. The rate at which it grows is slow compared to other types.
- In-House Progressive Jackpots: It is also known as local area progressive jackpots. For this type, the jackpots are linked across multiple games within a single online casino. This means no outside online casino contributes to the prize pool. The prize pool grows from all the bets placed on games linked to the jackpot. Safe to say, it is an upgrade to the standalone progressive jackpot.
Wide Area Progressive Jackpots: This type of jackpot is what the majority of gamblers look for in online casinos. Wide area progressive jackpots represent the most rewarding kind of jackpot, featuring an extensive prize pool. It is a single jackpot distributed across multiple games. This kind of jackpot is connected to various other online casinos. Typically, this kind of jackpot is managed by software providers since their games are featured in multiple online casinos. Numerous software developers design slot games featuring this variety of jackpots. Therefore, every bettor wagering on any slot game developed by the software provider adds to the jackpot. Moreover, for certain expansive jackpots in online casinos, there are prerequisites that players must fulfill to qualify.
