Jackpot slots pay the biggest in the slot gambling world. No denying that these slot games pay more than the typical video slots — but there are categories to them. These would include progressive and fixed jackpot games. However, the two categories present different risks and rewards — hence, our review. You will read about what these two distinct types have in stock.
Understanding Progressive Jackpots
You know the basics of jackpot slots — big wins, of course. However, progressive ones have a different format for producing massive payouts. The value of jackpots in progressives is not predetermined. Instead, it increases gradually with players’ bets until one finally gets the bag!
So, a percentage goes into the jackpot purse each time you play progressives and do not win. However, these slot machines have two subcategories, too. They can stand alone or be a part of a jackpot network.
The latter dictates there is a central jackpot pool into which different machines contribute. However, the pool for a standalone progressive slot might take longer to fill up.
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Understanding Fixed Jackpots
Unlike the progressives, here you know the winning amount to expect. The value is rock-solid — it does not change regardless of how much and how many players wager. The fixed jackpot prize can go out to any player at any time.
And yes, the game provider determines the exact amount — not a Random Number Generator (RNG)!
The element of surprise in these slots is non-existent. Also, the chances of finding fixed jackpot slots with millions on the line are slim.
Comparing Payout Potential
The biggest difference between these two kinds of slots is the payout. The potential payout of progressive games is astronomical. When a player hits a progressive jackpot, everyone knows! The biggest win ever was $39.7 million in 2003.
However, fixed jackpot payouts are often on the down-low. The rewards they offer are substantial, too. But they are not the kind to make headlines. Since these have predetermined amounts, all you must do is find the ones with big enough potential payouts. These fixed slots can pay up to a million dollars!
Chances of Winning
Payouts on these progressive slots do not happen often — more like 1 in 10,000. However, the reward potential is massive.
There is an imbalance between risk and reward for progressive slots. So, they are best for risk-takers with a taste for big wins.
With fixed jackpot slots, there is a balance between risk and reward. The risk here is much lower, and the chances of winning are much more stable. Fixed jackpots offer steadier gameplay, making it best for casuals.
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Impact on Player Behavior and Strategy
The potential to win big on progressive slots surely attracts many players. The psychological effect of this possibility may be catastrophic.
If you are not careful, you may keep playing non-stop, hoping to hit the win. Since the winning potential of progressives is incredibly low, you will keep on racking losses. When you chase losses, you begin to drift gradually toward problem gambling.
However, fixed jackpots help manage expectations. Payouts come more frequently than on progressive slots. In fact, you can quickly adopt strategies and see the results of these games. On fixed plays, you almost never need to chase losses.
Which Type Is Right for You?
You can either be a casual or a risk-taker. There are also high-rollers — risk-takers who love to place huge bets.
Now, based on risk and reward, progressives should appeal the most to risk-takers. However, casuals can play for one reason. Jackpot wins are absolutely random. Getting these does not depend on how much you bet — the jackpot purse remains open to all.
Since risk-takers are used to losing bets, the low odds on these games almost have no psychological effect on them. As a casual, it is best to stick with fixed slots. This way, you can manage expectations and, with steadier gameplay, get wins more frequently.
Whichever slot you choose, it is imperative that you exact caution.
Conclusion
Progressive and fixed jackpot slots produce the wins you dream of. However, the possible payout amount still significantly varies between these two. Now, you can tell the potential risks and rewards for these two types. No matter how you wish to play, remember to gamble responsibly.