What Is Jackpot?

For the first time, the word "jackpot" was applied two centuries ago in poker, although the meaning of this word originated much earlier. Literally, it is two words in one that can be translated as "jack" - it is "jack" and "pot" is a "bank". Recently, this word has acquired a wider meaning and is used in all kinds of gambling. Now the word "jackpot" means the biggest winnings or super prize.

The jackpot has two most common types: fixed and progressive. A fixed jackpot is a fixed amount of money that is set before the game starts and remains unchanged despite the number of bets and bets. If no one is lucky enough to win a fixed jackpot, it automatically goes to the next game.

Progressive jackpot implies an ever-growing cash prize and is formed by the rates of participants, purchased tickets or the number of games played. As in the case of a fixed jackpot, it is transferred to the next game constantly increasing, if no one has won it.

In our time, the word jackpot is used, if not at all, then in most gambling games. Such as lotteries, online casinos, slot machines, sweepstakes, roulettes, bookmakers, card games. The jackpot has become the most desired winning for millions of players, the pinnacle of luck and the edge of dreams. And this is not surprising since the jackpot is the maximum amount of money available to win the game.

Online casino is probably the most popular of all the known categories of gambling. Now everyone who does not want to leave the house can go to the Internet and try their luck in the fight for the jackpot. On the websites of online casinos are collected all the most popular types of gambling games in the world, beginning with poker and up to slot machines. Online casinos are mostly using progressive jackpot, which, together with its huge popularity, form up to impropriety huge gains.

However, it is not so easy to win a jackpot. Chances are very small. But who does not take risks, does not drink champagne. The world of gambling has seen people who at the first minute of the game were lucky to feel the taste of the much-desired jackpot.

As it was mentioned higher there are two main types of jackpots. They are fixed and progressive. In fact, there are more types of jackpots available in the world of casino games and other gambling games. So let’s find out what are they look like and some unique features of each type.

Types of Jackpot

Fixed jackpot

It is a clearly defined amount of money. Its size does not vary from game to game and does not depend on the players' bets or on the number of tickets sold. This is the main prize, for which you must fulfill the required conditions, for example, to collect the same symbols on the gaming machine.

Progressive Jackpot

It is a cumulative one. This jackpot is the most popular in modern gambling. Moreover, the term "jackpot" is most often understood as a cumulative variant of it. The principle of forming a progressive jackpot is that a certain percentage of each bet or ticket sale goes to the prize pool. Accordingly, if you cannot collect a winning combination, the money reward is not played out, but, conversely, increases with each game in proportion to the contributions of the participants.

Mystery jackpot

The secret jackpot or mystery jackpot is therefore called secret because the player does not know when it can be "ripped off" and what the amount at stake is. For the secret jackpot is set the minimum and maximum threshold and it is played somewhere between these limits, unknown to the participant of the rally. For the win, you do not need to fulfill special conditions (to collect combinations or guess the numbers), the winner is determined by accident when the jackpot reaches the programmed value.

A double trigger

The double trigger means holding a bonus game with the possibility of winning an extra super prize. The probability of such a jackpot falling directly depends on the value of the rates. The player does not know even the approximate amount of the winnings, as well as the conditions for obtaining it.

Incoming prize

The entrance prize or door prize is awarded to the visitor under a certain number (for example, thousandth, ten thousandth, etc. player). Also, a fixed amount of the input prize can be played out in a random order with the possibility to break the jackpot at the end of the game. If earlier this kind of jackpot was mainly issued in traditional gambling establishments (most often in slot machines), now this trend was adopted by virtual casinos as well.