Jackpot slot machines are a core of casino gambling and one of the main reasons players flock to them. The opportunity to win a large sum of money with a jackpot is incredibly attractive. From online casinos to land-based casinos, there have been many stories of players winning huge jackpots.
If you want to play with cryptocurrency, you can still chase it in Bitcoin jackpot slots. These games offer the possibility of big winnings with enormous multipliers.
Types of Jackpots in Bitcoin Slots
“Jackpot” is the term used to describe a significant reward that can be won in a Bitcoin slot machine game. Bitcoin casinos offer four different types of jackpots, each with different characteristics that determine the size and frequency of payouts.
- Progressive jackpot. A portion of every bet made on a Bitcoin progressive jackpot slot goes into the prize pool, with multiple games contributing to the same pot, resulting in its rapid growth.
- Network jackpot. Wagers placed by players in multiple crypto casinos contribute to the same prize pool, similar to the national lottery, where a winner can be found anywhere.
- Fixed jackpot. The amount of this jackpot is set in advance and remains unchanged, independent of the number of players or other factors. Some Bitcoin slots offer both progressive and fixed jackpots.
- Local jackpot. Wagers placed by players in the same casino participate in an individual prize pool, much like a lottery, where you must be present to buy a ticket and receive a prize.
Bitcoin Slots with Fixed Jackpots
In Bitcoin fixed jackpot slots, the winnings are determined by multiplying the bet per line. For example, if you bet 0.10 coins per line and the maximum payout is 1,000x, 5 jackpot symbols will bring you 100 coins. However, if you increase your line bet to 1 coin, your payout will be 1,000 coins.
Bitcoin Progressive Jackpot Slots
A fascinating feature of the progressive jackpot is that its size increases each time the game goes without it being won. It continues until a lucky player takes the jackpot prize. Once the jackpot is won, the amount goes back to the previously set value and the cycle starts all over again.
Bitcoin progressive jackpot slots are in high demand in the crypto casino world because of the opportunity to win millions with a small investment. These games are available at numerous crypto casinos, making it easy to play from anywhere.
Many players from all over the world play the same Bitcoin progressive jackpot slot while adding to the prize pool. And these huge jackpots are ultimately won by one lucky player. You could be next!
How to Play Bitcoin Jackpot Slots
Playing a Bitcoin slot machine with a progressive jackpot is similar to playing a standard slot machine, except it has a few differences. One of those is the jackpot counter, which displays the current value of the progressive jackpot. This counter increases as you play, allowing you to see how the jackpot grows in real time. Many Bitcoin casinos also provide a list of available progressive jackpot slots and their current jackpot values, which can be found in the jackpot section.
In addition, the winning combinations required to win the jackpot are also displayed on the screen. For example, 5 gold stars on an active payline may be required to win the jackpot. When a player wins the jackpot, the counter returns to its original set value and the cycle begins again.
Qualifications for Bitcoin Progressive Jackpot
Playing Bitcoin progressive slots is similar to playing any other online slot machine allowing you to choose your coin denomination and bet level. However, in some progressive crypto slots, in order to qualify for the jackpot, you need to make the maximum bet and activate all paylines. Before you start playing, it is important to read the rules of the game to avoid frustration if you hit the jackpot but don’t qualify for it. The rules for each slot can be found in the Rules section inside the game.
Tips for Winning on Progressive Bitcoin Slots
With progressive jackpot winnings being determined by a random number generator, there’s no guaranteed strategy for maximizing your chances. Nonetheless, here are our top nine tips to help you successfully play Bitcoin progressive slots:
- Determine your budget. Before you start playing, set a budget and stick to it. Avoid betting money you can’t afford to lose.
- Bet enough to qualify for the jackpot. Some Bitcoin progressive jackpot slots require a minimum wager to qualify for the jackpot prize. Make sure you bet enough but still stay within your budget.
- Don’t bet too high if it is not required. In some Bitcoin progressive jackpot slots, large bets can increase your chances of winning, but this is not always the case. Small bets can also lead to big wins, and jackpots are often won by players who are not high rollers. When it comes to betting, you can either maximize your chances by betting as much as your budget allows, or prolong the life of your bankroll by betting as little as possible. Both methods are designed to increase your chances of winning.
- Choose a goal. Your betting strategy will differ depending on whether you’re playing for one big win or several small wins. Determine which winnings you are targeting before you bet.
- Do your research. Know which game to play and how to play it. Find out what jackpot is coming up and make sure you understand the rules of the slot game. Avoid playing a slot machine that has just paid out the biggest winnings.
- Be aware of volatility. To understand how risky it is to play a particular game, determine its volatility. This refers to when you can expect to win and how often.
- Check RTP. As you study the payout table, you may notice a lower RTP ratio than usual, which is a common characteristic of many jackpot slots. This compensates for potentially large payouts.
- Be careful with bonuses. Be sure to read the terms and conditions regarding jackpot winnings from bonus offers carefully.
- Learn about withdrawals. Check if the Bitcoin casino pays out jackpots in a lump sum or in small payments.
Bitcoin Jackpot Slots FAQ
What are the odds of winning a jackpot on a Bitcoin jackpot slot?
The probability of winning a jackpot varies depending on the slot machine. To determine the odds, consider the number of reels and symbols in the game, as well as the way the jackpot is activated. It is important to note that all Bitcoin progressive slots use a random number generator, but by evaluating these factors, you can get an idea of your chances for the big prize.
The chances of hitting a jackpot in Bitcoin slots vary depending on the particular game. If the maximum prize is modest, the chances of winning will be more favorable. Conversely, if the jackpot prize is in the millions, the chances will be lower. Importantly, Bitcoin jackpot slots offer higher odds compared to lotteries such as EuroMillions.
How are Bitcoin jackpots paid out?
Bitcoin progressive jackpots can be paid out in a variety of ways. Some are spread over a long period of years, while others are paid out in a lump sum. If you win a small amount, it will be credited to your casino account immediately.