The online casino industry is one of the biggest growth sectors in the world and this is only set to get bigger. On its own, the European market currently, is estimated to be worth in excess of £30 billion, while over the next few years, the newly regulated US market plus others around the world, is likely to see that figure multiplied by 10 or more.
One of the latest trends in the online casino industry over the last couple of years though is the rising popularity of jackpot slots, which are also known as progressive jackpots. While many different online casinos offer these, there is very little knowledge about them and how they work, so you really need to know where you look.
A reason why these are so popular is because you can win 10s of millions from just one £0.10 spin (this is extremely rare, though not impossible), however, knowledge about how they work is lacking and they can often be misinterpreted. That is why quality and highly reputable jackpot comparison sites are a great place to visit in order to arm yourself with information about exactly how they work and how to play them. Let’s look at the various benefits that you can find with using these.
Get to know the objectives
Most of the time, people will start playing jackpot slots and not really have an understanding of what they need to do. More often than not, they are lured by the amount of money that can be won and are eager to start straight away, due to the fear of missing out, despite not knowing how they work.
A very good jackpot comparison site though will go into the specific details about what the purpose of the slot is and what you need to accomplish during the gameplay to win. Many are not also aware that some jackpot slots also have mini jackpots that can be won such as for 10s or hundreds of thousands.
Not every jackpot slot is the same also, particularly in terms of how the user journey works and how you play them, which makes a comparison site even more valuable to a player. This is because there may be a misconception that some players think just because that they have played one jackpot slot, that they know how every other operates, especially in terms of the payout rates, though these can differ considerably.
Understanding bonus rounds
The vast majority of jackpot slots have enticing bonus rounds, whereby it is possible to add a significant amount to your bankroll, which if you are trying to last until the jackpot drops, this can be useful. However, depending on the different combinations that you land on a bonus round and also how lucky that you are with your free spins, these can result in winnings that amount to in their thousands.
Every bonus round will work in different ways, depending on a number of things, such as the theme of the jackpot slot itself and as a result, there might be a relevant tie in. Also, jackpot slots have bonus rounds that can unlock other more lucrative bonus rounds, depending on how they are built and designed. This is often based on the discretion of the software provider that develops the jackpot slot and if an online casino likes how they work, then they will list these on their casino site.
Bonus rounds are certainly a great way to make the most of jackpot slots, because they can prove to be particularly lucrative and often act as a good alternative to winning the jackpot itself if luck goes your way.
Understanding of technical terms
This isn’t as scary as it perhaps sounds. Many players are not aware of what these are, however, the savvy ones will make their decision based solely on these compared to the theme and how the jackpot slot looks aesthetically. Because of this, you have a number of different technical terms, as explained below.
RTP rate
Also known as ‘Return to Player’, this refers to how much that you can expect to win back on average throughout the jackpot slot’s entire gameplay. These are displayed as a percentage, so for example, if you have a jackpot slot that lists an RTP rate of 96 percent, this means that for every £100 that you wager, the average that the jackpot slot can expect to pay back is £96.
Volatility
In general terms, this can either be described as ‘high’ or ‘low’. Jackpot slots that have a low volatility rate refer to the fact that throughout the gameplay you can expect to get paid out frequently, though for low amounts. For jackpot slots especially this is a great benefit, because it can keep your bankroll ticking over, which means that you do not have to deposit as often.
Jackpot slots that have a high volatility rate refer to the fact that you can expect to be paid out on average not as often, however, when you do, this is usually for larger amounts. These are best suited for players who are able to take the measured risk of starting with a large bankroll in the first place.
RNG
This stands for ‘random number generator’ and every kind of slot at a licensed casino site has one of these. An RNG ensures fairness of gameplay throughout and these are constantly monitored by independent testing agencies that make sure that the slot can be trusted.
Are comparison sites worth it?
Overall, yes, because these can provide you with highly reliable, accurate and above all balanced information about jackpot slots, at no cost and they are regarded as a valuable resource by more experienced players. If you are new to the online casino industry, then these are certainly worth visiting first!
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