Blog Posted on 07/07/2023 | Author: Karen Macarthur
Is Winning an Online Jackpot a Stroke of Luck or Skill?
Online Jackpots are some of the favored variants of online slots among gaming enthusiasts. One of the major factors of its popularity is the potential of offering massive payouts, allowing players to desire about winning at least once. Online jackpots come in various types like fixed jackpots, progressive jackpots, and pooled jackpots.
The probabilities of winning jackpots online are based on RNG (Random Number Generator), which is programmed to make the result of every spin randomly and autonomous of the prior spin. This is the reason why winning a jackpot is not as easy as it is to play. Due to their high volatility rate, online jackpots pay only a small portion of each spin. However, since there is a higher risk, the payout is substantially higher.
How Does Online Jackpots Slot Exactly Work?
There are many amazing jackpot slots in online casinos, and they are divided into three types-
This type of online jackpot is probably the most popular among gamers because of how the game is played. In progressive jackpots, a portion of players’ bets is added to the total prize pool every time they place a stake. So, the more stakes a player places, the prize pool of the jackpot increases until the lucky winner lands the winning combo and takes the money home.
This type of jackpot is either connected to more than one slot machine or a single slot. If the jackpot is merged with multiple online slots, it could be from the same online casino or various other casinos. The more slots linked, the quicker the jackpot prize pool grows, and the grand prize can even surpass millions of Euros in worth.
This variant of online jackpot is different from the above variant. Here, the jackpot prize pool stays the same regardless of the number of times the slots are played. In other words, fixed jackpots involve lesser risk. The payouts of fixed jackpots usually come in smaller amounts as compared to progressive jackpots. However, there are still enough rooms for players to potentially win a fair amount of the jackpot grand prize.
Since the amount of the fixed jackpot payout is preset, it is comparatively easier for the players to estimate their possible winnings and determine whether to play the jackpot or not.
This variant of online jackpot is also known as Network Jackpot, and this variant involves the merging of multiple online slots. Generally, pooled jackpots offer higher prize pool amounts as compared to fixed jackpots since it involves more than one slot machine. The pooled jackpot comes with lower odds of winning in contrast to fixed jackpots, but the payouts are higher.
How To Boost Your Odds Of Winning Online Jackpots
Just as other online casino games like online blackjack and online roulette, online jackpots also have certain strategies to follow to boost the odds of winning. It could be based on the type of jackpot one plays, the jackpot size, the luck of the player, and many other factors.
Take a look below to find out how to boost your odds of winning online jackpots.
Choose A Renowned Slot Provider
One of the most crucial factors to consider while playing an online slot is to choose a renowned slot provider. There are uncountable slot providers in the gaming industry, however, there are certain distinctions in prominent slot providers.
Certified providers use RNG software in their games to offer fair and just results in every spin, protecting against any outside manipulation of the outcomes. Moreover, respectable software providers offer good RTP and volatility rates on their online slots.
One good example is Microgaming, which is well-known in the industry for producing fantastic slots like Mega Moolah, which awards lucky winners will millions of Euros.
Go For Smaller Jackpots
In online jackpots, the prize pool is directly linked to the winning odds. Smaller jackpots generally come with medium to high variance, and although the risk is higher, it delivers better odds of winning.
Considering the above, smaller jackpots are generally fixed variants of jackpots.
Manage Your Bankroll
We cannot complain that we tend to get a little too excited when playing online jackpots because of the immersive gameplay and eye-catching illustrations. However, it is crucial to set a limit on your bankroll when you play online slot games. This will prevent you from overspending more than you can bear to lose.
Avoid chasing after your losses if you do not want to lose all your money. Rather, you must give a full stop on the game if you face a losing streak. Maintaining a bankroll will help you to keep track of your expenses on slot games, which increase or decrease depending on whether you win or lose.
When To Play
Another way to boost your winning odds on online jackpots is to know when to play. Theoretically, the best time to play online jackpot is when the majority of the players are playing online slots concurrently. This way, the ratio of the winners and losers balances each other out. This theory particularly applies to progressive jackpots, where the prize pool increases every time a game is played but lost. So, since more players play the game and lose, the prize amount significantly grows and payout quicker.