Jackpots explained: All about fixed and progressive odds

Jackpots are at the heart of many casino games and can greatly enhance the gaming experience with the prospect of life-changing wins. But not all jackpots are the same. There are different types, and they work in different ways. Here, we take a look at the most common varieties of jackpot and explain how they work.

1. Fixed Jackpots

Fixed jackpots have a set amount that does not vary. No matter how often the game is played or how much is wagered, the jackpot amount will not change. This type of jackpot is ideal for players who want to know exactly what they can win, as the amount will always remain the same.

2. Progressive Jackpots

Unlike fixed jackpots, progressive jackpots grow with every game that is played. A small percentage of each bet is added to the jackpot, which continues to grow until someone wins it. Progressive jackpots can be divided into three main types:

Standalone progressive jackpots: These are not linked to other machines or games. The jackpot only increases due to the stakes on the individual machine or game.

Linked progressive jackpots: These jackpots are linked within a single casino. They tend to grow faster than standalone jackpots because more players contribute to the increase in the jackpot.

Network progressives: These are linked across a network of different casinos, often including online casinos. They offer the potential for enormous jackpot amounts, as hundreds or even thousands of players can contribute.

3. Mystery Jackpots

Mystery jackpots are another exciting option, often found in slot games. As the name suggests, these jackpots can be won randomly at the end of any game, regardless of the symbol combination that appears on the reels. These jackpots are particularly attractive because every spin offers a chance to win, regardless of the stake.

4. Multilevel Jackpots

Some games offer multiple jackpots in a single game. These can be a combination of fixed and progressive jackpots or different levels of progressive jackpots, such as mini, minor, major and grand jackpots. This structure increases the excitement and gives players multiple chances to win.

How do jackpot payouts work?

Jackpot payouts are usually made to the player's account. The guest then decides whether they want to continue playing with the funds or request a payout to their bank account.

Paying out a jackpot depends on the type of jackpot and the rules of the casino or game. For fixed and random jackpots, the payout is direct and simple, while progressive jackpots often require confirmation by the casino and sometimes verification. You can find out more about our payout options here.

Conclusion

Jackpots can be a chance to win big. Understanding how the different types work can help you improve your gaming experience. Whether you're looking for the big hit of a progressive jackpot or prefer regular wins in a fixed jackpot, there's always a jackpot game to suit your needs. Good luck!

Frequently asked questions

Can anyone win a jackpot?

Are jackpot wins taxable?

Can I win jackpots at online casinos?

Understanding the different types of jackpots and how they work will help you make informed decisions and optimize your gaming experience.