What Are Fixed and Progressive Jackpot Slots?

Fixed Jackpots

As the name suggests, these jackpots are fixed. It means they have a pre-determined prize. A fixed jackpot, for example, might pay a reward worth 5,000x your stake.

• Many slots have several fixed jackpots on offer ranging in their rewards.
• Since the payouts are significantly smaller than progressive jackpots, the odds are often scaled down appropriately.
• However, this doesn’t mean that a jackpot is guaranteed.
• A developer may choose to display the fixed jackpot in terms of sum. For example, it may be $10,000.

Fixed jackpots are pretty fun to play and pay a lot more than the base game of most online slots. They’re perfectly suitable for all types of players, including beginners and experienced slot players.

You can hit the jackpot on a single spin, but some slots may state that the higher your bet is, the higher your chances of hitting it will be.

Progressive Jackpots

Progressive jackpots are the opposite of fixed ones. As the name suggests, the value of these jackpots rises progressively. Wondering how they’re funded? Well, a small part of all bets made on the slot contributes to the progressive pot.

• Since thousands of players may be playing the slot every day, the pot can grow significantly big.
• Progressive jackpots often feature prizes worth millions of coins.
• The legendary Microgaming progressive slot Mega Moolah has made dozens of players millionaires. It has also entered the Guinness World Book of Record for highest slot win ever.
• The chances of hitting a progressive jackpot on a single spin are pretty slim. In some slots such as Mega Moolah, you may be more likely to hit the jackpot if you raise your bet.

Just because the prizes are higher doesn’t mean that progressive jackpots are better. This goes down to personal preference. Some players will enjoy the thrill of hunting a progressive jackpot, others will be perfectly satisfied with fixed jackpots.

There’s no definite answer to which type of jackpot is better. Just go with whatever suits you best.

What Are My Chances to Hit the Jackpot?

Here’s some slightly disappointing news – your chances of hitting the jackpot are pretty slim. It depends on the slot itself. In most, your chances will be around one in a million.

Statistically, progressive jackpots are the hardest to win. Progressive slots are also the most expensive type of slot you can play online. While you can hit a prize you can only dream of, it will come at a cost.

But, what’s spending $50 or $100 or whatever the money to become a millionaire? Slot players are excited by the thrill of hunting such a jackpot and will never give up until they hit it.

If you consider yourself lucky, you should definitely go for it.

How to Win on Progressive Jackpots

As mentioned, most progressive jackpots will require you to raise of max out your bets in order to get a better shot at the jackpot. With fixed jackpots, this may or may not be the case. When it comes to progressives, it’ll most likely happen.

The higher your bet is, the higher your chances to hit the jackpot. You will be risking to lose your whole bankroll, but if you hit the jackpot, it’ll be worth it.

While your chances are slim, you will surely have fun chasing that elusive prize. Jackpot slots are just built different and are much more exciting than regular online slots.

In many cases, they come with a pretty exciting base game too and may feature special features that make them great even without the jackpot.

Conclusion

All slots jackpots are fun, but progressive jackpot are the ones you’re looking for if you want to hit the big win. They offer rewards beyond your imagination, even if your chances are one in a million. Players love spinning them and will continue to do so with the promise of a life-changing jackpot.

That’s what gambling on these games promises, and what we’re all looking for in the long run.