Wondering whether you should aim for a fixed jackpot or take a shot at a progressive one? You’re not alone! Choosing between these two types of jackpots can feel like a gamble in itself. With fixed jackpots offering steady, predictable payouts and progressive jackpots dangling the chance for life-changing sums, it’s easy to see why players often struggle to decide which path to take.

Our team at CasinoAlpha has delved into both types, comparing their odds, payouts, and strategies to help you make the best choice. We’ve crunched the numbers and analyzed the pros and cons to give you a clear picture of what each jackpot type has to offer.

• Everything You Need to Know About Hitting it Big on Fixed Jackpot Slots
• Cracking the Code: An Inside Look at How Progressive Jackpots Work
• Progressive vs Fixed: Comparing Your Odds of Hitting  Jackpots
• Time to Decide: Should You Play Progressive or Fixed Jackpots?

Everything You Need to Know About Hitting it Big on Fixed Jackpot Slots

Fixed Jackpots are pre-determined and presented in the slot’s info. You should know, however, that even if they’re called “Fxed”, the amount you can win still varies. To increase your chances of winning, it helps to understand the pokies terms for online gamblers so you know exactly what to look for when playing.

Their value is usually calculated as a multiple of the bet amount. So, if an online slot has a fixed jackpot of 10,000x and you bet $2 on the winning spin, you’re looking at a jackpot win of $20,000.

Cracking the Code: An Inside Look at How Progressive Jackpots Work

Progressive jackpots are a bit more complicated. Opposed to the fixed ones, the amount you can win is constantly changing. As the name suggests, the value of such a prize grows with each new bet placed on that specific slot.

Another massive difference between progressive and non-progressive jackpots concerns the prize pool. If the game provider guarantees the funds for the fixed jackpots, the progressive ones are fueled by small amounts portions of each bet placed on that game.

Popular progressive jackpot slots, like Mega Moolah from Microgaming, are available at hundreds of online casinos across New Zealand. The record so far is almost £17 million hit by a lucky Belgian player in 2021 on Absolootly Mad: Mega Moolah.

Progressive vs Fixed: Comparing Your Odds of Hitting  Jackpots

Based on our research, you’re better off chasing a lower, fixed jackpot than going after a larger progressive one. But, of course, it’s a subjective experience, and you must consider things like available balance, volatility, or bonuses. If you’re considering using features like autoplay, make sure to understand the pros and cons of autoplay to help you make the best choice.

Fixed jackpot slots are safer; you can hit one without spending a fortune. These games have a medium volatility, offering frequent wins with a decent average value. In most cases, casinos allow players to use bonuses on fixed jackpots, enabling them to play with a more extended balance.

On the other hand, progressive jackpot games are high volatility. Even when talking about regular wins, these slots offer them infrequently. Furthermore, not only that the big jackpot is rarely hit, but you also can’t enjoy these titles with deposit bonuses.

Time to Decide: Should You Play Progressive or Fixed Jackpots?

Both jackpot types are largely dependent on luck. We can make lists of pros, cons, evaluate volatility, and many other parameters. However, there’s no guaranteed recipe for hitting a fixed or progressive jackpot.

While the math shows your chances of hitting a fixed jackpot are higher, there are instances when players took a multi-million progressive prize with a couple of $0,50 bets. So, the best approach would be to mix and match.

Why choose between one jackpot type or another? You can try your luck at both categories and see what works best. We’re saying there is no “correct” or “incorrect” option. You can hit wins playing any variety as long as you know how the two jackpot types work and get all the info on the slots you’re about to play.

What are your thoughts on jackpots?

If you have any other advice about playing jackpots, do let us know. To better our material for our NZ gamers, we are constantly interested in hearing about fresh perspectives and experiences on your best real money casino pokies.