Casino bonuses: Jackpots in Online Casinos
Whatever the gamblers might be claiming about their wish of mere having good time in casino and about skirmish of wits in the name of the game, still absolute majority is attracted by the opportunity to win plenty of money putting up a little. There is unlikely a gambler who does not dream of winning thousands or even millions, betting a few coins. Progressive jackpots are created just for such category of gamblers.
Initially the term “jackpot” referred to poker, according to one of its rules – the parlays to the pot increased, if none of the players collected at least a couple of jacks (the word originated from English words jack and pot). Now the word “jackpot” is often accompanied by the word “progressive” which means accumulation of a prize in the game until certain terms of this jackpot are fulfilled. A certain share of all the bets forms the jackpot, as a rule the share is not that big – basis points, but the probability to win the jackpot is very small, approximately 1 to 10000 and perhaps even 1 to several millions and as a result quite a considerable sum of money is accumulated.
Generally the sum of jackpot is thousand times more than the stakes. If we are dealing with online jackpots, then we should note that jackpots are accumulated not in one casino but in all the casinos of a common software provider. It contributes to tenfold increase in jackpots.
Which games are the best for making so much money? – Various games. Jackpots are mostly used, of course, in slot machines. It is a classical version – jackpot is used instead of high fixed gain for the rarest combination. If we speak about classical slots, then jackpot is paid for the gain in the last line. In video slot machines there are quite many more opportunities – in some games, it is enough to have the same symbols on one of the lines; in others, on the contrary, you should win a special game. The sum of jackpot usually starts from thousands of bets, but in some slots it starts from hundreds of thousands. There are not very big jackpots ($10-$30 thousands) which are broken virtually every week. But there are also monsters that are accumulated for months and then offer jackpots of millions.
The slots with such Progressive Jackpots have relevant names:
“Major Million”(slot and video slot in microgaming casino, maximum gain is about $1,8 mln.).
“Golden Rally”(slot in Casino Playtech maximum gain is about $2 mln.).
“Rags to Riches” (slot in Cryptologic casino maximum gain is about $0,5 mln.).
But slot machine “Millionaires Club” in Cryptologist casino has become the main news maker at jackpot front lately. The amount of jackpot of this slot machine (there are two versions – classical three line and video slot – nine line) with a special game exceeded the previous record $2 mln. by the beginning of spring. At its best this sum grew daily by $30-$40 thousand, the jackpot reached $3 mln., than – 4 mln, 5 mln. and so on. By 15th of May the sum almost reached 8 million US Dollars.
The lucky winner was a gambler of Inter Casino with a nick “Owasso” – middle-aged factory worker, who plans to travel around the world (before he had not left his native town further than 50 kilometers). However, the winner has not received all the money, but just a modest part of $5,9 mln., another $2 mln. Remained in the game. But in this case, there was no need to wait for long months – the jackpot was again broken in a couple of weeks, and moreover at a pound casino, so the prize equaled 2 million pounds or about 4 million dollars. This is how the online casinos added another couple of people to the club of millionaires.
Probably video poker is the second game with often occurrence of jackpot. Jackpot can be added to various versions of game as payment for picking up royal flash. Jackpot is usually paid only in a game of 5 coins and starts at 800 -1000 bets. However, jackpots are seldom happened greater in video poker, usually they range from $1-7 thousands (depending on the value of coins – 25 cents or $1).
Jackpots are nonetheless popular in another poker game – Caribbean Poker. A player can make an extra bet of exactly one dollar for jackpot. If he gets royal flash, then he takes the entire accumulated sum, if he gets street flash, then he wins 10 % of a jackpot. The sum of the jackpot in this game usually amounts to $100-$200 thousands and the record won sum equals to $720000.
Jackpots in slots, video and Caribbean poker can be found in most casinos, other games offer jackpots quite more seldom, though, in fact, jackpot can be “adjusted” to any game.
Micro gaming casino offers roulette jackpot. You can win quite good money of several hundred thousand dollars, if you win the bet at the same number five times in a row. Progressive blackjack also exists in Crypto logic casino and Odds-on casino. In fact, jackpot can be added in any case – the main condition for that is the demand for the game.
As we see, jackpots manage to fulfill their task and allow some players to win a lot of money, but does it mean that it is worth chasing down the jackpots? In most cases – no. Unfortunately, the casinos use the popularity of jackpot slots and set lower payment percentage for them. As a result the risk of losing considerably increases. I’ve already written in one of my articles, that in fact, the jackpot games can be of positive mathematics expectation for a gambler. Unfortunately mathematics expectation cannot be computed for the slots. So we can only hope that jackpot is big enough to take risks. In video and Caribbean poker mathematics expectation can be calculated at the given amount of jackpot. When the game has the player’s preference, there is an opportunity to have such amount of jackpot. In this case, you can enter the game, though you should not rely on winning too much. The chance of winning the gain does not increase with growth of the jackpot.
Some gamblers may be worrying if the casino is able to pay them such great amount of money, if they manage to break the jackpot. If it is a small casino with unknown software, and which promises jackpots hundreds of thousands of dollars – I doubt if jackpot can really be broken there. But you should have no doubt if you deal with casinos of the famous software producers. The software producer himself provides for jackpot and he pays the gains. The funds are created in advance and there are no problems with the payments.
If you hope to get rich with the help of jackpot – play in the famous casinos from the famous software providers and good luck to you.
Casino Bonuses Explained
Casino Bonuses – what is the truth behind it?
There is a lot of competition in the online gambling market today. Each day, new casinos form, old ones regroup and change owners, and the supply is nearly endless.
When a player is looking to choose in which casino to play, he (or she), has many different factors to consider:
• Do I like the look of the casino?
• Does it have the games I’m interested in?
• Do I know anything about the Casino?
• Did someone recommend it to me?
• Does the customer support efficient and offers around the clock help?
• But most importantly I ask myself – what’s in it for me? What do THEY offer me to play at their casino of all places?
This is where the Bonuses come into play.
You will not find anywhere online a casino that does not offer some sort of bonus.
Some offer first time deposit bonuses, some offer loyalty bonuses, some offer 2nd and 3rd deposit bonuses and some have invented all sort of tricks and treats in order to attract the player to their casino.
We will now try to make a little order in the ever growing world of casino bonuses, and try to explain what they mean.
First deposit bonus:
This is a bonus a player can collect only once, when making the first deposit. Usually it is the biggest bonus he casino offers, and you can find places offering bonuses of up to 1000$.
In order to claim the bonus, you have to deposit a specified amount, usually close to the bonus amount (or sometimes even more), and play with a certain amount of money before you are allowed to cash out.
The standard is between 4 times and 12 times the amount of the bonus or combined bonus + deposit. (For example – if you deposited 100$ and received 100$, you will have to wager at least 800$ (4X(100$+100$)) in order to cash out. This means you can put the 200$ on the roulette, win, put another 400$, win, and now you have played the due 800$ and you can cash out.
Read the fine print in the term & conditions for each offer, there you will see what is the amount needed, and if there are games banned from the bonus play.
Second, Third etc. deposit bonus:
Same rules apply here – but every player can enjoy the bonus – even an old timer at the casino, provided it is their 2nd or 3rd deposit. (or more –depending on the casino).
Some casinos will give you a bonus for the first deposit of each month.
Same rules apply here – read the T&C.
Players club or Comp points:
Most casinos will reward players with credit for money spent, and allow them to receive money back for a predetermined amount of points. Read each casinos rules concerning the exchange.
Some places will let you use the points you earn to get merchandise or enter special private tournaments.
Bonus when using different depositing methods:
If you are using services like NE Teller or Citadel or any of the sort, some casinos will offer you extra 10 or 15% bonus. This is in order to advance new methods, and reduce the dependency on credit cards.
Your loses back or extra winnings:
This is a bonus that is rarer than the others, but it allows you to get some of your loses back (usually about 10% back), and if you are a winner, the casino adds to your winnings (usually about 1%).
Progressive Jackpots VIP Clubs
Most casinos will have some sort of VIP program, allowing veteran players and high rollers to each more comp points, have better exchange rates, play in private games and more.
These are the most common bonuses today. Sometimes a casino will add something special, a little extra, a promotion for a special occasion (Christmas, Halloween, etc.), and details on each one you can always read in the home page of each casino.
Before you start playing, there is one thing you need to know, and that is how to play – after that you’re on your own…
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