There are jackpots in real world with real money, but we are talking about jackpots in online casino games with, of course, real money. Jackpots are nothing but pool of money that are won when a player achieve certain level and condition in the online casino games.
Jackpots, as we know, are striken at a certain stage of a online game. The jackpots games are played in the similar way as we have seen in the case of slots. Only thing is when you play a jackpot game, a certain percentage of your, as well as other players' who play this game, bet amount goes to the pool of the jackpot; and this way it keeps growing unless a players win it. Once won, jackpot's value is rest at predefined value.
Two types of jackpots found are:
Jackpot - Relatively bigger amount of money. It may be accumulation of winnings from previous stakes. We may also call it Grand Prize.
Progressive Jackpot - A jackpot which increases it value every time a game is played and jackpot is NOT won. When progressive jackpot is finally won, it's value is reset to a predetermined value.
Based on extent of participation, jackpots are of these types:
Pool Jackpot - This is played at network level by several online casinos hosting that particular jackpot game; means a certain percentage of all the bet amounts of every players across the participating casinos are pooled in jackpot. Of course, money pool is normally bigger, in value, in this case.
Local Jackpot - This is like pool jackpot, but it's played at a particular casino level. Here a certain percentage of all the bet amounts of every players are pooled in jackpot pool. The jackpot money is relatively smaller in local jackpot case.
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