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 a lot of bettors, especially VIP bizzo casino 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 offer players the opportunity to win big from their gameplay in a single go. It is capable of making millionaires of bettors in a single spin of the wheel. Progressive jackpots are mainly associated with online slot games, video poker and selected table games. As the name suggests, progressive jackpots are growing prize pools. They grow as long as players continue to place bets on the game until a lucky player hits it. A small percentage of a player’s bet gets added to the jackpot pool, which makes it grow. Once the jackpot is claimed, it resets, and the process starts all over again.
Online casinos are perfect for playing progressive jackpots. The jackpot prize pool is usually large as the games cut across several bookmakers. This means that bets from gameplay across different betting platforms contribute to the jackpot prize. Playing progressive jackpots at bizzo casino Slovenia offer players from the Green Treasure of Europe the chance to win big.
How does Progressive Jackpot Work
Progressive jackpots do not require a lot of heavy-handedness from the player’s end. The way it operates leaves much less work for players to do. Players’ bets are what activate the jackpot, and get the whole process started. A small percentage of their bet, usually from 1% to 10%, depending on the software providers or the casino is allocated to the prize pool. Progressive jackpots start with a seed amount. This becomes the initial amount the game starts with at the first launch or when a player hits the winning combo.
The jackpot pool grows as players continue to play. Games that usually have interest from many bettors tend to have a very large prize pool. For each bet placed, the equivalent percentage is added, so the prize pool amount continuously changes. To win the jackpot, players have to hit a specific combo or trigger a bonus round. Conditions for winning depend on the game, it is not the same for all. Once a player claims the jackpot, it starts all over again, and that is how a progressive jackpot works.
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 jackpot type is what most bettors seek out in online casinos. Wide area progressive jackpots are the most lucrative jackpot type with a very large prize pool. It is one jackpot that is shared among various games. This jackpot type is also linked to other online casinos. Software providers usually operate this type of jackpot, as their games are played in various online casinos. Many software providers create slot games with this jackpot type. So, any bettor who bets on any slot game created by the software provider contributes to the jackpot. In addition, for some wide area jackpots in online casinos, there are requirements players must meet in order to be enrolled. By being a VIP at bizzo casino, you get access to this jackpot type. It is part of the perks of being a loyal customer.