Progressive Vs Fixed Jackpots: How to Tell the Difference
In the process of trying out new casinos, it is inevitable to experience several slot games. However, it is known that all games have their different rules and terms. Hence, “fixed jackpots” and “progressive jackpots” are common standard terms encountered especially by newbies.
The word jackpot is not strange for many experienced players, but the idea of fixed and progressive jackpots might be vague to them. While both jackpots offer large rewards, some significant differences however exist. In this article, we have the pros and cons of fixed and progressive casino jackpots explained.
Contents
What Does Jackpot Mean?
Before delving into the two common types of jackpots, it is important to explain what a jackpot signifies in casino games. Simply put, it refers to the maximum payout or reward that a player may win from a particular slot machine.
Fixed Jackpots
This type of jackpot offers a constant payout that does not change, regardless of how many people play the game or how much they bet. For example, a fixed jackpot slot machine can have a maximum payout of $20,000 that won’t change unless someone wins. Fixed jackpots tend to be less volatile than progressive jackpots. This means players are more likely to win smaller, more frequent payouts.
Pros:
- Predictable payouts.
- More frequent wins.
- Less volatility.
- It is easier to manage the bankroll.
Cons:
- Potential payouts are less than those of progressive jackpots.
- Decreased enthusiasm and expectation.
- Few possibilities to win life-changing money.
What Are Progressive Jackpots?
A progressive jackpot simply means that the award is constantly changing. The jackpot increases with each wager made on the game and does not stop growing until someone wins. Progressive jackpots can pay out large sums of money, often in the millions. But it’s also harder to win because the odds are so much longer. For some players, the excitement of pursuing a massive prize outweighs this additional risk.
Pros:
- Potential for massive payouts.
- Increased excitement and anticipation.
- The thrill of chasing a life-changing win.
Cons:
- More volatile gameplay.
- Lower winning chances.
- Longer dry spells between wins.
- It can be more difficult to manage a bankroll.
Fixed or Progressive Jackpot: Which Should a Player Pick?
Factors such as individual goals and risk tolerance form the premise for the choice of jackpot for a player. For a player who prefers consistent payouts and more frequent wins, it’s best to play slots with fixed jackpots. Conversely, the best choice for a player who likes to take chances is a progressive jackpot game.
It’s important to keep in mind that certain games offer a combination of fixed and progressive jackpots for players having trouble deciding which kind of jackpot to aim for. This allows players to benefit from the best of both worlds. These slots usually feature a smaller, easier-to-win fixed jackpot in addition to a larger progressive jackpot with the potential for a substantial payout.
Conclusion
Knowing the differences between fixed and progressive jackpots help gamers make informed decisions and maximize their chances of winning. Both types of jackpots have the potential to yield big payouts with attendant pros and cons.
Ultimately, the best type of jackpot for a particular player will depend on their individual goals, risk tolerance, and playing style. By considering these factors and weighing the options, players can choose the jackpot that is right for them and enjoy the excitement of the casino experience.
