There is nothing that many people would like more than to suddenly come into a big pot of money. Just imagine: all you have to do is spin a (virtual or physical) wheel, stick in a small payment, and Boom! A machine suddenly awards you $1 million.
Sounds great, right? This is why jackpots have been such a big hit the world over for years and years. And now that we are living in the online world, winning can be even easier.
Different kinds of jackpots
There is more than just one kind of jackpot. Different games have different rules and their own ways of giving out the money. You can check out a jackpot casino online to see an example of how they work.
To give more detail on one particular type of jackpot, let’s take a closer look at the progressive kind. With progressive jackpots, money can build and build until players are positively bursting with excitement at the prospect of winning.
How do progressive jackpots work?
Progressive jackpots work by accumulating payments from multiple people who play a particular game. The amount builds and builds until one lucky player suddenly clicks on the winning button, ultimately scoring the entire prize.
Different types of progressive jackpots
Even within the category of progressive jackpots, there are subcategories. Different people prefer different methods.
- Stand-alone progressives. As the name suggests, stand-alone jackpots are ones that act on their own. In other words, they involve only one machine and do not accumulate bets from other places. These jackpots tend to be smaller than the other types because of the number of bets that go into them.
- In-house or local progressive jackpots. These jackpots are significantly bigger than those of stand-alone bets. They accumulate money through the bets of an entire casino.
- Network or area-wide progressives. These are the biggest bets of all, encompassing multiple casinos that are not even related to each other.
The psychology of jackpots
The draw of jackpots lies not only in the excitement of winning lots of money but also in the communal aspect of the practice. When you know that many other people are in the game with you, it gives all of you a feeling of collective anticipation. And when one lucky winner is chosen, everyone else feels as if they have made a contribution to that person’s victory. It is a distinctly different type of experience from simply winning in a casino game.
Jackpots are here to stay
For all these reasons, jackpots aren’t going away any time soon. In fact, they are likely to grow in number and amount, attracting more and more people from far and wide. The future will tell the state that jackpots will take in 50 or 100 years. One thing is for sure: it will bring excitement to many and big winnings to a few!