Lately, in order to attract and retain customers, most online casino operators have implemented the following strategy, namely jackpots. The most common jackpots are the progressive ones and they are mainly used in slots. According to statistics, the most popular online gambling games are slots.
These games are extremely popular for players due to the ease of the whole process, most games come with an interesting story and are dynamic and offer the opportunity to place insignificant bets.
Another important issue that makes slots extremely popular is the ability to win large sums of money with little effort. The maximum amount of winnings is known as the jackpot. The jackpot of a jackpot can vary depending on the number of bets made by all players at a time.
Progressive jackpot
The progressive jackpot is also known as the cumulative jackpot and is the most popular offer of contemporary online casinos.
This is a prize pool consisting of a percentage of all bets.
The progressive jackpot consists of a percentage of each bet and taking into account the number of users who place bets. Thus, jackpots can reach millions of Euros.
If a user gets a winning combination, they win the jackpot. If no one gets such a combination, the prize pool is not awarded to anyone and accumulates.
Progressive jackpots are funded from all bets and the more players compete for a progressive jackpot, the more money the lucky winner who managed to hit this jackpot gets.
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It is extremely difficult to reach the jackpot because there are no clear strategies and no one can predict the results generated by the RNG machine. While playing slots with progressive jackpots, keep in mind that in order to get the maximum amount of winnings, you need to make big bets. This amount can reach 5 numbers.
There are three types of progressive jackpots:
- “Stand Alone Progressive”. This jackpot is based on the operation of a single slot and all its bets. Such jackpots are not exceptionally large in value, but compared to others, you have a better chance of winning such a jackpot.
- “In House” – a progressive jackpot consisting of all bets in all slots of an online casino.
- “Area Wide” – means an extremely large cumulative jackpot. The entire prize pool consists of an independent provider that charges the percentage of the entire casino chain that uses its gaming software.
Jackpot meter
One of the most important information components in the progressive slots is the jackpot counter. These online jackpot counters provide players with information about the current amount of the prize pool.
Being a psychological tool, it is one of the most powerful advertising tools for online casino operators. For this reason, the jackpot counters are brightly colored and located right in front of the players’ eyes.
Thus, players are mesmerized by the fact that they can watch the jackpot increase live even as the reels continue to spin.
Moreover, jackpot counters can be seen not only on online casino sites but are also actively used as advertisements on news resources and banners.
Currently, progressive jackpots are common to all types of gambling. This can include different versions of video poker, roulette, blackjack, lottery, etc. To get substantial jackpot winnings, players are willing to take the risk of making big bets or buying thousands of lottery tickets, etc.
Gambling providers profit enormously from these aspirations to win. For example, online casino operators can offer players to bet directly on the jackpot itself.
Who is paying the jackpot – casinos or providers?
Given the huge value of some progressive jackpots, the vast majority of online gamblers are constantly wondering if casinos are able to pay them.
In general, the conditions for the payment of progressive jackpots are mentioned in the agreement concluded between the player and the casino itself.
Typically, large progressive jackpots are based on the Area Wide system, while each separate progressive jackpot contributes to the overall pot supervised and owned by an independent provider. In this case, there will be no problems with the payment of jackpots. There are, however, some cases where 85% of winnings are paid by a provider, while the remaining 15% are granted by an online casino operator.
On the internet, you will find thousands of tips on how to win a progressive jackpot. It is difficult to say which of these are effective and under what conditions.
Your job is to choose a reputable casino with guaranteed payments, research the feedback of other users and, most importantly, make sure it is licensed. Only a licensed casino can guarantee big winnings and payouts.
Due to their cumulative characteristics, progressive jackpots can bring substantial victories to players. Most users think that this is the easiest way to become extremely rich and change their lifestyle. For this reason, millions of players bet every day.
In conclusion, progressive jackpot slots are an extremely effective marketing strategy for any online casino. To turn new players into loyal users, online casino operators need to develop a jackpot rewards system. Providing statistical information on jackpot rewards is another effective approach for marketing teams.
The loyalty of players has an important role in the successful operation of your online casino, which is why Gambling Consulting Expert recommends that online casinos establish a solid reputation, especially when it comes to making payments.
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