Types of jackpots: fixed, progressive, local and global
Jackpot machines differ from ordinary slots by the presence of a special prize - a jackpot that can be implemented in many ways. To understand which machine is suitable for a particular player, it is important to understand the types of jackpots and their principles of operation. The main types are fixed, progressive, local and global.
1. Fixed jackpots
The fixed jackpot has a predetermined size that does not change from game to game.
The prize is known in advance and is indicated in the rules of the machine.
The size of the payout usually depends on the level of the bet: the higher the bet, the larger the jackpot.
The probability of winning a fixed jackpot is independent of how much other users were playing.
Plus: predictability and stability.
Minus: the maximum amounts are lower than those of progressive counterparts.
2. Progressive jackpots
The progressive jackpot increases as players place bets. A portion of each bet is sent to the general fund.
The prize amount grows until someone wins.
After winning, the counter is reset and the cycle starts again.
Progressive jackpots can reach millions of dollars, especially on international networks.
Plus: huge winning potential.
Minus: increased volatility and lower firing rates.
3. Local jackpots
A local jackpot is generated within one casino or a specific machine.
Only those players who make them in this casino go to the savings fund.
The size of the prize is limited by the number of participants.
Most often, the amounts are less than in global networks, but the chance of winning is higher.
Plus: real chances to hit the jackpot among a limited number of players.
Minus: a smaller scale of payments.
4. Global jackpots
Global jackpots bring together players from different casinos and venues.
The bids of multiple users form a common pool.
Such jackpots can be colossal, as the fund is replenished with thousands of players at the same time.
Payouts often reach record highs and become a news event in the industry.
Plus: biggest possible winnings.
Minus: minimal chance of becoming a winner due to the large number of participants.
Result
Fixed jackpots give stability and predicted payouts, progressive jackpots give a chance for huge sums, local jackpots give a higher probability of winning within one casino, and global jackpots give the largest prizes by combining players around the world. For Australian players, the choice of jackpot type depends on personal preference: stability or the desire for a record win.
1. Fixed jackpots
The fixed jackpot has a predetermined size that does not change from game to game.
The prize is known in advance and is indicated in the rules of the machine.
The size of the payout usually depends on the level of the bet: the higher the bet, the larger the jackpot.
The probability of winning a fixed jackpot is independent of how much other users were playing.
Plus: predictability and stability.
Minus: the maximum amounts are lower than those of progressive counterparts.
2. Progressive jackpots
The progressive jackpot increases as players place bets. A portion of each bet is sent to the general fund.
The prize amount grows until someone wins.
After winning, the counter is reset and the cycle starts again.
Progressive jackpots can reach millions of dollars, especially on international networks.
Plus: huge winning potential.
Minus: increased volatility and lower firing rates.
3. Local jackpots
A local jackpot is generated within one casino or a specific machine.
Only those players who make them in this casino go to the savings fund.
The size of the prize is limited by the number of participants.
Most often, the amounts are less than in global networks, but the chance of winning is higher.
Plus: real chances to hit the jackpot among a limited number of players.
Minus: a smaller scale of payments.
4. Global jackpots
Global jackpots bring together players from different casinos and venues.
The bids of multiple users form a common pool.
Such jackpots can be colossal, as the fund is replenished with thousands of players at the same time.
Payouts often reach record highs and become a news event in the industry.
Plus: biggest possible winnings.
Minus: minimal chance of becoming a winner due to the large number of participants.
Result
Fixed jackpots give stability and predicted payouts, progressive jackpots give a chance for huge sums, local jackpots give a higher probability of winning within one casino, and global jackpots give the largest prizes by combining players around the world. For Australian players, the choice of jackpot type depends on personal preference: stability or the desire for a record win.
