Progressive jackpots are the largest prizes available at most Bitcoin online casinos. While most people know about progressive jackpot slots, there are other progressive jackpots available at casinos. Today, you’ll learn what a progressive jackpot is, the different types of jackpots out there, and some tips on winning more when you play progressive Bitcoin jackpots.
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What is a Progressive Jackpot?
There are two types of jackpots at a casino. The first is a static jackpot. This type of jackpot pays a fixed rate when hit. For example, a game may pay even 5,000 credits when you land the jackpot. Static jackpots range from a few hundred bucks to around $50,000 on average.
The most popular form of jackpot game at BTC casinos are progressive jackpots. With a progressive jackpot, a small amount is continually added to the jackpot amount until the jackpot is triggered. For example, Mega Moolah machines feature a Mega jackpot starting at $1 million. It continues to grow as players play the game.
With progressive jackpots, you will find two types. The first is a progressive jackpot that is exclusive to the website you’re playing. Everyone that plays the game at that casino will contribute to the jackpot. Then there are networked progressive jackpots. With a networked progressive jackpot game, every casino on the network will contribute to the jackpot.
Mega Moolah is one such slot machine game. Every casino that offers the game will have the same jackpot, and every game contributes to the jackpot. As such, the jackpot grows faster and larger. Networked games are the most popular progressive jackpot games offered at casinos.
Progressive jackpots have a wide variety of prizes available. Smaller progressive jackpots will only pay out a few hundred to a few thousand dollars. Medium progressives will pay up to around $150,000. The major progressive jackpots are where you will make serious money. Major progressive jackpots range from $250,000 to $1 million or more. Some jackpots have gotten as big as $15 million before it hits.
Games That Offer Progressive Jackpots
When you hear people talk about progressive jackpots, they are usually talking about progressive jackpot slots. However, many casinos have other games with progressive jackpots. Here are some of the other games offering progressives other than progressive slots.
Bingo – Most online bingo halls offer progressive bingo jackpots. Most of these jackpots are site-specific, meaning you can only trigger them on a single website or in a single bingo game.
Casino Poker Games – Several versions of poker offer a progressive jackpot. The most common is Caribbean Stud. Sometimes you will find jackpots for Texas Hold’em Poker or other poker games.
Video Poker – While most video poker games offer static jackpots, some offer progressive jackpots. These jackpots are specific to a particular game. For example, Double Double Bonus may pay a progressive on a Royal Flush, Straight Flush, or Four of a Kind.
How to Trigger a Progressive Jackpot
Triggering a progressive jackpot depends on the game you’re playing. For progressive jackpot slots, the jackpots are triggered in a couple of ways. The first is to land a specific symbol combination similar to how you’d trigger a static jackpot. Most of the major progressive games award jackpots at random. These jackpots are often awarded at random after spins, or a jackpot spin will be triggered where you will have the chance to unlock a jackpot.
For bingo games, progressive jackpots are generally triggered by making a full house. This means anyone that fills every square of their bingo card wins the jackpot. Poker games typically require that you make a Royal Flush to unlock the jackpot. Video poker has the same rules, but some video poker games may require that your Royal Flush is in order, such as A-K-Q-J-10.
Progressive Bitcoin Jackpots
If you play at Bitcoin casinos, you want to play progressive jackpots with Bitcoin. For most progressive jackpot slots, the games will play exactly as fiat jackpot games. Many top online slot providers offer BTC slots, including progressive BTC slots.
The only difference is that you’re getting paid in BTC rather than fiat. Depending on Bitcoin’s value, some Bitcoin progressive jackpot games will be more valuable than fiat games. Note that if you’re playing fiat progressive jackpots, the jackpot will be paid out in fiat to your account before being converted to BTC.
How to Win More at Progressive Jackpots
There are several ways that you can improve your odds of winning at progressive jackpot slots at Bitcoin casinos. These tips work for fiat slot machine games as well.
Play the Appropriate Stakes – Some Bitcoin slots require that you meet specific wagering requirements to be eligible for the progressive jackpot. This may mean playing max credits or increasing your bets to a higher level. Check for any wagering requirements before playing the game.
Research the Jackpot’s Frequency – Believe it or not, progressive slot machine games are relatively predictable. That’s because several websites have tracked popular progressive Bitcoin jackpots. These sites can give you an average of how often a jackpot triggers, when a player wins the Bitcoin jackpot, and other general stats on the game. Using this information, you can get an idea of when it is too early to play a game.
Check the RTP – All progressive jackpot slot games have high volatility, but the game’s RTP varies. The Return to Player (RTP) will tell you how much money a machine will theoretically pay out. If you have one progressive jackpot game paying out 94% and another paying 96.5%, pick the 96.5% game. Even if you don’t win the jackpot, you have a better chance of scoring a winning session.
Other Considerations for Progressive Bitcoin Jackpots
If you plan to play progressive Bitcoin jackpots, you need to know a few things. First, you should abandon any thoughts of playing with an online casino bonus. Most casino bonuses prohibit play on progressive Bitcoin slots or a progressive casino game with free spins or bonus funds. They also have wagering limits, so if you have to bet max credits to qualify for a jackpot, the bonus will be void.
Next, prepare for a lot of bankroll volatility. Most jackpot games are high volatility, meaning that you will experience very few smaller wins. This means you will have to deposit more often or will experience larger swings in your total bankroll.
Finally, be prepared for a big tax bill if you win. If you manage to win a progressive jackpot, you will likely be paying hefty taxes on those winnings. In the United States, that can be from 35 to 50 percent of your winnings. Of course, if you hit a $2 million jackpot, you can afford to pay the taxes.