Fixed odds and progressive jackpots represent two distinct ways that online casino games, particularly slots, offer potential winnings. Understanding their differences can help players choose games that suit their preferences.
Fixed Odds Jackpots are more straightforward. In these games, the jackpot amount is predetermined and does not change based on the number of bets placed. For example, if you play a slot machine at Bet365 Casino that offers a fixed jackpot of £10,000, this will always be the maximum prize you can win, regardless of how many players are spinning the reels.
Fixed jackpots are common in many slot games and table games, and while they can still be substantial, they do not accumulate over time. Players looking for regular, predictable payouts often prefer games with fixed jackpots. Slots like Starburst at Monopoly Casino or Gonzo’s Quest at Kitty Bingo Casino have fixed jackpots where players can win a set amount depending on their bet size.
In contrast, Progressive Jackpots grow over time. Every time a player places a bet, a portion of their wager is added to the jackpot pool. The jackpot increases as more players join in and continue betting until one lucky player hits the winning combination. These jackpots can climb to enormous sums, often reaching millions of pounds in some cases. Games like Mega Moolah at Betfred or Age of the Gods at 10bet Casino are examples of popular progressive jackpot games. The prize pool is shared across multiple casinos, which allows it to grow rapidly.
In progressive jackpot games, there are usually different levels of jackpots, such as Mini, Minor, Major, and Mega. The largest payouts often come from hitting the Mega Jackpot, which requires a specific combination of symbols or triggering a special bonus round. While the chances of hitting a progressive jackpot are significantly lower compared to fixed odds games, the payouts can be life-changing. For instance, in Mega Moolah at Rainbow Riches, the jackpot frequently starts at £1 million and grows until it is won, often making headlines for delivering multimillion-pound payouts.
The critical difference between these two types of jackpots is the potential payout size and frequency. Fixed jackpots provide consistent, though generally smaller, payouts, while progressive jackpots offer the allure of enormous wins but with lower chances of hitting the jackpot.
Additionally, fixed jackpot games tend to have higher return-to-player (RTP) percentages because they are not funding a large, growing jackpot. On the other hand, progressive slots often have slightly lower RTPs because a portion of every bet goes into building the prize pool.
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