When it comes to winning a massive jackpot, you simply can’t beat the advantages of online jackpots. Online casinos offer better odds, and often larger jackpots; especially progressive jackpots.
In this article, we’ll teach you all of the advantages of online jackpots, what it takes to win an online jackpot, plus the different types of online jackpots available, like online slots jackpots and progressive jackpots.
Advantages of Online Jackpots
For obvious reasons, the sheer convenience of online jackpots is one of the top reasons to play them. Driving to the local casino isn’t always a time-wise choice. You may only have 30 minutes or an hour to spare. The time it takes to get to/from the casino, find a jackpot game, and sometimes wait for the person seated there to leave will consume most of the time you had to begin with.
Not everyone has a local casino to visit, anyway. Planning a weekend vacation to Las Vegas or any other major casino destination is not only costly, but it’s also not a regular opportunity for most of us in our busy, everyday lives. Why go through all this trouble when you can sit in front of your computer, click a few buttons and get straight into the action? If you can’t sleep, don’t worry about it being 3 am. Online casinos such as Interwin are always open. They don’t care if you play in your tidy-whities either 😉
The second major advantage of online jackpots is that these casinos have way less overhead. They aren’t paying a massive staff of dealers, floor managers, and maintenance crew. Those extra dollars come back to the players in the way of much higher payout percentages.
At a brick-and-mortar casino, you can expect payout percentages on machine-based games of about 80-85%. Online casinos average payout percentages of 95-99%. I know that’s where I’d spend my hard-earned money!
How To Win An Online Jackpot
The first thing you’ll need to do is visit an online casino, register an account and make a deposit. You must play for real money in order to win an online jackpot. With your account funded, the next step is to find a suitable jackpot game to play.
Most online jackpot games come in the form of slot machines. Be sure to read the rules of the jackpot slot before spinning the reels. There should be a “Rules”, or “More Info” button, as well as a “Pay Table” button you’ll want to look over.
The Pay Table will tell you the required combination you’ll need to hit in order to hit the jackpot. The Rules/More Info will state exactly how much you must wager in order to release the full jackpot. The most common rules for releasing an online jackpot are that you must bet a minimum amount per credit inserted, and you must bet the maximum number of coins per play. This is easily done by simply pressing the “Bet Max” button.
Online Slots Jackpots
A lot of online slots come with a preset jackpot prize. Hitting the right combination of reels releases the jackpot. Be sure to follow the betting rules and requirements of the jackpot release (see How To Win An Online Jackpot above).
For example, you could pay a $25,000 Jackpot Slot, and if you hit the jackpot, following all betting requirements, you instantly win $25,000. It’s as simple as that.
And you never have to worry about your favorite slot being taken. Since you’re playing online, anyone can play the same slot machine at any time!
Some of the most popular online jackpots are known as Progressive Slots. The jackpot on these slot machines starts at a predetermined amount and continues to grow larger each time the reels are spun. The actual jackpot prize can increase to phenomenal amounts, as high as millions of dollars awarded in a single spin!
A typical $1 progressive slot might have a starting jackpot of $25,000. Each time the reels are spun, $0.05 of the wager would go towards the progressive jackpot. So with every spin of the reels, the progressive slot increases its jackpot size.
The rate of increase can be extremely fast when it comes to online jackpots, as most online casinos are connected through a mutual network. For instance, Microgaming offers the King Cashalot progressive slot. Every Microgaming casino (there are more than 100) has the same progressive slot. If 5 players from each of these casinos play the slot once every minute, that’s more than 500 increases per minute! You can just imagine how fast these online progressive bonus slots become excessively lucrative.
Biggest Online Jackpot Winners
Just recently, there have been several big online jackpot winners at today’s top online casinos. On May 27, 2009, one lucky player won over $200,000 playing Rival’s “One Million Reels BC” progressive slot. Another player won a substantial jackpot to the tune of $227,000 at Bodog Casino the same month.
The largest online jackpot ever awarded was a staggering £6.3 million, hit on the Mega Moolah progressive jackpot slot at All Slots Casino. One of Microgaming’s most popular progressive slots, the life-altering jackpot slot was hit not that long ago.
Online jackpots are being awarded just about every day to one lucky player or another. Head over to your favorite online jackpot casino and this could be you!