Let’s hit the Jackpot
Sometimes you hit the jackpot and sometimes the jackpot hits you, I guess.
Many players have a distinct dislike for Jackpot Slots. They often feel that too much of their bet goes towards the jackpot, leading to an instant negative experience of the Slot itself. Some Jackpot slots, such as Mega Moolah from Microgaming, takes over 8.5% of the stake directly into the Jackpots. With a base RTP of around 95%, that leaves less than 88% for the player. Compare that to most normal slots where the Return to Player is generally between 95% and 97%.
The Unibo Jackpots on the other hand work purely on a promotional level. As such, no money is taken from the bet of the player to increase the progressive prize pool. Players can therefore keep enjoying their favorite games, without the fear of an added Jackpot taking something from the Return-to-Player.
If you don’t win games, it’s difficult to enjoy and see the fun in football.
Jackpot games in Online Casinos often have several different Jackpots which the player can win. These often come in sets of three or four jackpots, ranging from a huge Mega Jackpot of millions, down through Major, Midi and Mini Jackpots. Each having a lower average payout that the former.
The reasoning behind it is in some sense the same thing which Georginio Wijnaldum touched on in his quote. If you don’t win, it is hard to see the fun. The idea with many jackpots of varying size is to get more players winning “jackpots”, even if they aren’t all the life-changing Mega Jackpot.
Different kinds of Jackpots
When a normal person hears the word Jackpot, they normally envision what we in the business like to call Progressive Jackpots. In this kind of Jackpot, the value is ever increasing based on Player stakes. They work well in marketing, mainly because the value is always increasing. This creates a higher and higher value, and great opportunities to push it as “Higher than Ever”.
However, a lot of time has passed since the dawn of the Massive Progressive Jackpots in Las Vegas. Nowadays, Jackpots come in all shapes and sizes. Here are a few different jackpot features we have found in our gaming:
- Fixed Value Jackpots – The value never changes, no matter how long time before the jackpot pays out.
- Progressive Jackpots – Value increases based on a percentage of Player stakes
- Maximum Value Jackpots – Similar to Progressive Jackpots, the value increase with each player bet. The probability of winning the jackpot increases the closer to the Maximum Value, leading to a guarantee that the jackpot will fall before reaching the top.
- Time Limited Jackpots – Similar to Maximum Value Jackpots, this kind of jackpot will increase in value progressively until the Jackpot is won. The probability of winning the jackpot goes up as time gets closer to the limit (Daily/Weekly/Monthly)
Each Jackpot has it’s time and place, and if you somehow can combine them all into an enticing experience, you might have stumbled upon the secret formula.
Can the Players “beat” the jackpots?
So how do you go about making sure that you win long term when playing Jackpots? Online Casino Strategy sites will give you tips such as “If you bet more, you have a bigger chance of winning”. Great tip, as if we didn’t know that buying more tickets would get you a higher chance of winning?
However, there is only one way you can be sure that you are playing with an RTP of over 100%. This is when a progressive Jackpot reaches a size where the Value multiplied by the probability of winning the jackpot is higher than the stake. Despite this, even if you have the odds on your side, you still have to get pretty lucky and beat the other players to it. If at first you don’t succeed, try, try, try again.
We’ll end this article with a few words on uncertainty by Walter Kirn:
Uncertainty doesn’t make life worth living, quite, but it does make striving and gambling worth attempting.