Is it possible to win at a casino? Yes, for sure. And, by the way, the likelihood isn’t insignificant. After all, if luck did not come knocking at least once in a while, many fewer people would be interested in experiencing it.
Another factor is that ordinary winnings are typically small: 2 to 10 times the stake on average. That is true for all types of gambling, including slot machines, poker, and even sports betting.
It’s satisfying to wager $10 and win $20 or $50. However, such a victory has little impact on the player’s life. Furthermore, it will likely be spent on new bets right away. Finally, such a game will continue until the participant has lost everything he can afford to lose.
Is it possible to win a lot of money at an online casino? Yes, without a doubt! The lucky ones who are fortunate enough to hit the jackpot usually go away with the most money.
What exactly is a jackpot?
Let’s start by figuring out what it’s all about. A jackpot is usually referred to as a super prize that can be won in a particular game. The casino’s idea of rewarding players with such rewards is unknown, but the term “jackpot” has been used in England since at least the nineteenth century.
What exactly does the jackpot entail? Its value is far higher than the rates created expressly for this game. It is paid out of the gambling establishment’s deductions for each dollar it receives.
There are two main types of jackpots.
Fixed small jackpot
It’s frequently seen on slot machines. Small jackpots are, in fact, the fundamental nature of slot machines. The majority of them operate in the following manner:
- You place a $100 wager and spin the wheel.
- If three apples fall out, you will receive $ 200.
- 500 dollars for three oranges
- 1,000 dollars for three bananas
- 5,000 dollars for three cocktails
If the machine has three reels and five distinct symbols, the likelihood of getting any winning combination is 0.08 percent. That means that for every 100 spins, the machine will earn 100 × 100 = $10,000, and if all four varieties are played, the machine will pay a total of $6,800. This mathematics allows the game’s organizer to live comfortably and gives the players a chance to win genuinely.
For the owner of an online casino, the income is incredibly high because the maintenance costs are much lower, and players from different cities and countries can make 100 bets in just half an hour or even faster.
However, as an example, the machine we gave is an average winning one since the maximum jackpot is x50 of the bet amount. But there are also more winning ones – for example, the player receives the amount multiplied by 100 or even 500 times for the falling of the three highest symbols.
Thus, the casino kills two birds with one stone – it encourages players to play more and bet large sums simultaneously.
Progressive big jackpot
That is the one for which the casino sets aside a portion of its earnings. Two factors determine the large jackpot:
- Its size;
- Its delivery conditions.
With each new game, the size expands. The prize sum is frequently displayed in big numerals over the casino’s door, above the playing table, or on the website. For example, the inscription “Today’s jackpot is $ 8,888” is more likely to attract buyers than any other advertisement.
When the conditions for receiving the jackpot are harsh, it can sometimes skyrocket to utterly absurd proportions. For example, there have been times when the prize grew to a million dollars or more over several years in casino history. True, in such situations, the casino usually decides that it is entirely irrational to pay such an amount into one hand, so instead, smaller jackpots are drawn with simplified conditions for receiving. And the accumulated million is used precisely as a prize fund.
As for the conditions for receiving a big jackpot, the casino decides what cases it will be paid. For poker games, these can be different rare combinations of cards that must be involved. For example, the so-called “royal flush” (5 cards from ace to ten, thrown out at once). If the player threw out such a combination and won, then he can count on the jackpot.
In the case of slot machines, the jackpot condition is usually:
- Loss of a line from the rarest symbols.
- Winning the super game, which opens as a reward for the previous win.
- There are frequent daily, weekly, or monthly jackpot draws. In this case, a list is drawn up of all the players who have thrown out the required combination or won the super game during this time, and the jackpot is drawn among them. Usually, the choice is made by a random number generator.
Of course, luck chooses who it wants. However, some principles allow you to maximize the chance that you will hit the jackpot.