If you’ve ever seen an ad for a casino that promises massive prizes, you might have come across a game with a progressive jackpot. The term ‘jackpot’ refers to a large prize which can be won in a slots game. This is a special kind of prize that gets bigger and bigger over time, until someone wins it. In this article, we’ll take a look at everything you need to know about these jackpots.
What are Progressive Jackpot?
A progressive jackpot is a type of jackpot in gambling that increases in size as more players contribute to it. They are available on a wide range of games, but the most common ones are tied to slots. Each time you place a bet, a small portion of that bet is added to the progressive jackpot. As more players continue to place bets, the jackpot grows larger and larger until someone hits the winning combination and takes home the entire amount.
Progressive jackpots at Hollywoodbets are linked to games across multiple casinos. This means that players at Hollywoodbets and other online casinos are all contributing to these jackpots, meaning that they can reach astronomical highs. To win a progressive jackpot game, you need to hit a specific combination of symbols.
It’s important to note that progressive jackpot slots typically have lower odds of winning than regular jackpots because the jackpot amount grows as more players participate, making it more difficult to hit the winning combination.
How Do Progressive Jackpots Work?
A progressive jackpot is a type of jackpot that increases each time the game is played but not won. In other words, a portion of each wager placed by players is added to the jackpot, allowing it to grow over time until someone wins. Here’s how it typically works:
- A progressive jackpot game is created, usually a slot game.
- Each time you place a bet on the game, a portion of your wager is added to the jackpot.
- The jackpot continues to grow until someone wins it. This can happen either randomly or by hitting a specific combination of symbols or numbers, depending on the game.
- Once the jackpot is won, the game resets to a predetermined amount, and the process starts all over again.
It’s important to note that the odds of winning a progressive jackpot online are usually lower than those of winning a regular jackpot, as a portion of each bet goes towards increasing the jackpot rather than towards regular payouts. However, the potential payoff can be much greater, making it an attractive option for many players.
What Type of Games Can Have Progressive Jackpots?
Progressive jackpots are a popular feature in many types of casino games. In general, a progressive jackpot is a type of jackpot that increases in size every time the game is played. The amount of the jackpot can continue to grow until a player finally hits the winning combination and takes home the grand prize. The following are some of the most common types of casino games that offer progressive jackpots online:
- Slot Games: Progressive jackpot slots are perhaps the most well-known type of casino game that offers a progressive jackpot. These games are based on luck, and players must often hit a specific combination of symbols to win the top prize.
- Table games: While not offered at Hollywoodbets, some table games offer progressive jackpots. These are often poker games that require you to hit a Royal Flush to claim the progressive prize.
In summary, any type of casino game where a prize is awarded for hitting a specific combination or outcome has the potential to offer a progressive jackpot. However, the specific rules and requirements for winning the jackpot will vary depending on the game in question.
Frequently Asked Questions (FAQs)
What Are Progressive Slots?
Progressive slots are a type of slot machine game found at Hollywoodbets that offer a constantly growing jackpot. The jackpot increases with every bet placed on the machine and can potentially reach a massive sum of money. The jackpot starts at a predetermined base amount, and every time someone plays the game and doesn’t hit the jackpot, a portion of their bet is added to the jackpot pool.
How Do Progressive Slots Work?
At Hollywoodbets, all of our progressive slot jackpots are tied to our providers. That means that players who are engaging with these games at several different bookmakers/online casinos across the UK are contributing to the overall jackpot. It also means that a player at any one of these casinos can win the prize.
