How do crypto jackpot sites work

Last updated by Emmanuel Omoloyin

at 26.06.2024

Millions of gambling fans dream of hitting the jackpot. But what does the word mean? How do slot machines and lotteries form a jackpot? What affects its size? What types of jackpots exist?

The term “jackpot” first appeared in poker. It combines two English words: “jack” (the card) and “pot” (the prize pool). In some poker games, players used “jackpot” when no one had a pair of jacks. A portion of the total pot remained until a player got the right combination. They then “hit the jackpot.”

The term and its concept spread to other gambling games over time. Today, people use “jackpot” to describe the main prize in card games, slot machines, lotteries, and other money games.

Jackpot variants

Participants’ bets or lottery ticket sales form a game’s prize fund. Crypto casinos divide this pool into small wins, medium-level prizes, and the jackpot. There are two main types of jackpots: fixed and progressive.

Fixed jackpot

In a crypto casino, bitcoin slot machines, or other gambling games, the fixed jackpot has a set size. The number of players, their bets, or ticket sales do not change its amount. It stands as the game’s largest prize.

A fixed jackpot offers a clear advantage: win it at any time by meeting specific conditions:

  1. The bet amount often influences the reward size.
  2. A bonus round triggers the chance to win the prize.
  3. Certain symbols or numbers appear on the playing field.

Some popular slots with fixed payouts include:

Progressive jackpot

The progressive jackpot grows over time. If no player hits the winning combination in bitcoin slots or card games, the jackpot money moves to the next game stage. The prize fund forms again, adding more to the jackpot, which includes the previous round’s money. This process repeats until a player hits the jackpot. For example, in a lottery, a player needs to guess specific numbers (“6 of 45”, “7 of 49”). In slot machines, players need to get a lucky combination or symbol.

A progressive jackpot includes several types:

  1. Isolated or autonomous – this jackpot builds up on one slot machine. The amount grows slowly but can become large.
  2. Local network or proprietary – this jackpot links several bitcoin slots on one web platform. The chances of winning a large prize increase compared to the isolated type. Different casinos offer different payout amounts.
  3. Network – this jackpot connects bitcoin slot machines across multiple online platforms. These prizes are the largest, formed by contributions from all players spinning the reels of the same provider in different crypto casinos.

Some games offer multiple jackpot levels: Mini, Major, Maxi, or Grand. These jackpots can exceed the bet by 50, 100, 200, or 500 times.

Popular bitcoin slots with progressive jackpots:

Local Jackpot

A local jackpot offers prizes on a specific bitcoin slot machine with MINI and MAXI inscriptions on the top screen. The local jackpot adds to the round-the-clock jackpots. The MINI and MAXI options let you win more and make your playtime more engaging.

The advantages and disadvantages of using crypto jackpot sites

Advantages

Pros

  • Fewer geographic limits. Players from various countries can access these sites without worrying about regional limitations. Traditional casinos often face strict regulations that prevent them from operating in certain areas. Crypto casinos, however, operate on a decentralized network, allowing players from different parts of the world to join and play without facing legal hurdles.
  • Quicker payments, bigger limits. Players use bitcoin and other cryptocurrencies to deposit and withdraw funds, ensuring swift transactions. Traditional banking systems involve delays due to processing times and banking hours. Crypto transactions process almost instantly, allowing players to access their winnings without waiting. Additionally, crypto casinos impose higher transaction limits, enabling high-stakes players to deposit and withdraw larger sums of money.
  • The chance for your crypto/bitcoin to grow. Unlike traditional currencies, cryptocurrencies fluctuate in value. A player who wins a jackpot in bitcoin may find that their winnings increase in value over time as the cryptocurrency market evolves.
  • Keeping your gaming private. Traditional casinos require extensive personal information for account creation and transactions. Crypto casinos, on the other hand, only need a cryptocurrency wallet address to facilitate deposits and withdrawals.
  • Up-to-date sites. Traditional casinos sometimes struggle to keep their online platforms current, leading to outdated software and user interfaces. Crypto casinos prioritize staying ahead of technological advancements to attract and retain players. They offer a wide range of games, including popular slot machines, table games, and live dealer options.
  • Choosing crypto over traditional money. Cryptocurrencies provide a secure, decentralized way to handle transactions, reducing the risk of fraud and chargebacks. Traditional banking methods involve intermediaries and third parties, which can complicate transactions and introduce potential points of failure. Crypto transactions occur directly between the player and the casino, ensuring greater security and transparency. Cryptocurrencies often involve lower transaction fees compared to traditional payment methods.
  • Be your own boss with crypto. Crypto casinos allow players to manage their funds directly through their cryptocurrency wallets. This autonomy means that players decide when and how to deposit or withdraw their money. They avoid the delays and limitations associated with traditional banking systems.
Disadvantages

Cons

  • A largely unregulated industry. Traditional casinos follow strict rules and regulations set by governments to protect players. Crypto casinos, however, often lack this oversight. This absence of regulation means fewer protections for players. Without regulations, players risk encountering unfair practices, such as rigged games or withheld winnings.
  • Irreversible transactions. Crypto transactions are irreversible. Once you send your bitcoin or other cryptocurrencies to a crypto jackpot site, you cannot reverse the transaction. If you enter the wrong address or fall victim to a scam, you lose your funds. Traditional banking methods allow for chargebacks or dispute resolutions, but crypto does not offer these safety nets.
  • Less recourse when facing issues. Traditional casinos offer customer support and dispute resolution processes. Crypto casinos, on the other hand, might not provide the same level of support. If you encounter problems, such as delayed withdrawals or technical issues, resolving them becomes more challenging.
  • You need to know how crypto works. Players need to know how to buy, store, and transfer bitcoin and other cryptocurrencies. This knowledge includes understanding wallet security, private keys, and transaction fees. Mistakes, such as losing access to your wallet or sending funds to the wrong address, result in financial losses.
  • Volatility of crypto. The value of bitcoin and other cryptocurrencies fluctuates rapidly. When you deposit funds into a crypto jackpot site, the value of your deposit might decrease or increase significantly over a short period. Traditional currencies maintain stable values, providing a predictable gaming experience.

Gaming offer at the top crypto jackpot sites

Card gamesTop crypto jackpot sites provide a variety of card games: blackjack, baccarat, and three-card poker. 
You place your bets using bitcoin or other cryptocurrencies.
PokerPoker stands out as a favorite on crypto betting websites: Texas Hold’em, Omaha, or Seven-Card Stud, you find tables and tournaments catering to all skill levels. 
Players use bitcoin to enter tournaments, buy chips, and place bets.
RouletteCrypto casinos offer both European and American versions, allowing players to choose their preferred format. 
Using bitcoin for bets adds an extra layer of excitement to each spin.
SlotsThese sites feature a wide range of slots, from classic three-reel machines to modern video slots with complex storylines and bonus features. 
Progressive jackpot slots attract many players with the promise of massive payouts.
VideopokerVideopoker combines elements of slots and traditional poker. Players aim to create the best possible poker hand from the cards dealt. 
Crypto casinos offer Jacks or Better, Deuces Wild, and Joker Poker.
DicePlayers place bets on the outcome of a dice roll, often predicting whether the result will be above or below a certain number.
Crash gamesPlayers place bets and watch a multiplier increase until it “crashes.” The goal is to cash out before the crash to secure winnings
Live casino gamesPlayers interact with live dealers in real-time, playing games like blackjack, roulette, and baccarat. 
High-definition streaming and interactive features create an immersive experience. 
Esports betting optionsPlayers place bets on competitive video game matches, including popular games like League of Legends, Dota 2, and Counter-Strike: Global Offensive.

Biggest winners on crypto betting websites

Players who hit the jackpot on progressive slot machines often receive significant payouts. For example, one player won over 200 BTC on a popular crypto slot, changing their life overnight. In another instance, a player cashed out early in a crash game and walked away with a significant amount of BTC. 

 How to win a crypto jackpot: tips

step1

1. Choose the right slot machine

Select slot machines with high variance and RTP over 95%. Avoid slots with low volatility and minimum payout ratios if you aim to win the jackpot. High-variance slots provide better chances for big wins.

step1

2. Opt for jackpot slots

Pick slots that offer jackpots, either fixed or progressive. Fixed jackpots stay constant, set by the manufacturer. Progressive jackpots grow with each bet and change constantly, depending on the bet size.

step1

3. Participate in tournaments

Join casino tournaments and lotteries with generous jackpots. To enter a tournament, play the slots specified in the terms and conditions. For lotteries, buy special electronic tickets.

step1

4. Use bonuses

Take advantage of bonuses offered for registration, account replenishment, downloading the app, and referring friends. Bonuses often come as money or free spins on specific machines. Use them to increase your chances, but remember to meet wagering requirements.

step1

5. Control your emotions

Manage your emotions while playing. If you notice losses on a slot, stop trying to win back your money. Instead, take a break or switch to a different game.

step1

6. Focus on high payout slots

Play slot machines with high payout ratios. Also, consider the size of bets and their range. Minimum bets might not lead to large jackpots, so adjust your betting strategy accordingly.

step1

7. Use strategies

Employ strategies to organize your gameplay. Find strategies online that help distribute your balance evenly. They don't guarantee wins but provide a structured approach to your gaming.

step1

8. Register and play in paid mode

Register on the casino site and play games in paid mode to qualify for jackpots. Pay attention to additional features like bonus rounds, risk games, free spins, and special symbols, which increase your chances of winning big rewards.

step1

9. Leverage free spins and risk games

Free spins allow you to play without depositing more money, while still offering a chance to win. Risk games let you increase your winnings through additional gameplay, often involving card games where you guess the card suit or value.

By following these tips, you enhance your chances of winning a crypto jackpot in slots. Select high RTP slots, participate in tournaments, use bonuses wisely, control your emotions, and employ strategies for a better gaming experience.

 Conclusion

Crypto jackpot sites offer numerous advantages over traditional casinos. They remove geographic limits, provide quicker payments and higher transaction limits, and offer the potential for cryptocurrency asset growth. Players enjoy greater privacy, access to up-to-date sites, and the benefits of choosing crypto over traditional money. By using crypto, players gain control over their gaming finances, enhancing their overall gaming experience. These benefits make crypto casinos an attractive option for players seeking a modern, secure, and flexible gaming environment.

Using crypto jackpot sites presents several disadvantages. The lack of regulation means fewer player protections. Irreversible transactions require caution to avoid losing funds. Players face fewer options for recourse when issues arise. Understanding crypto basics is essential to navigate the complexities of using cryptocurrencies. Lastly, the high volatility of crypto affects your gaming budget and potential winnings. Despite these challenges, some players appreciate the benefits of crypto jackpot sites. However, weighing the disadvantages helps you make an informed decision about whether to use these platforms. 

FAQ

How Is a Progressive Jackpot Triggered?

A progressive jackpot grows each time players place bets on the game. To trigger it, you must meet specific conditions. For example, you might need to hit a particular combination of symbols on a slot machine. Sometimes, you enter a bonus round where the jackpot becomes available. Each game has its own rules for triggering the jackpot, so check the game’s instructions to understand the exact requirements.

Are Crypto Jackpot Games Safe?

Crypto jackpot games use blockchain technology, which offers high security. When you play on reputable crypto casinos, they use advanced encryption to protect your data and transactions. Blockchain ensures transparency, so all transactions get recorded and can be verified by anyone. This reduces the risk of fraud and hacking. However, always choose well-known and trusted crypto casinos to ensure your safety. Research the casino’s reputation and read reviews from other players to make an informed decision.

If I Hit a Jackpot, Can I Withdraw My Winnings in Fiat?

Yes, you can withdraw your winnings in fiat currency if you hit a jackpot. Crypto casinos allow you to convert your cryptocurrency winnings into fiat through their withdrawal process. You need to transfer your crypto to an exchange that supports fiat withdrawals. After that, you sell your crypto for your preferred fiat currency and transfer the funds to your bank account.

Are BTC Jackpot Slots Fair and Random?

BTC jackpot slots use Random Number Generators (RNG) to ensure fair play. RNGs produce random outcomes for each spin, making it impossible to predict results. Reputable crypto casinos use third-party auditors to test and verify their RNGs. This process ensures the games operate fairly and provide equal chances to all players. When you choose a well-known crypto casino, you trust that the games are fair and random. Check for certifications and audit reports to confirm the casino’s commitment to fair gaming.

What Are the Odds of Winning a BTC Jackpot?

The odds of winning a BTC jackpot depend on the game you play. Each game has its own rules and payout structure, which influence your chances. Generally, progressive jackpots have lower odds because the prize grows until someone wins. Fixed jackpots might offer better odds but with smaller prizes. Check the game’s information to understand its payout frequency and odds. Some games display the Return to Player (RTP) percentage, indicating the average payout over time. Higher RTP percentages suggest better odds for winning smaller amounts, but hitting the jackpot remains a rare event.

What Types of Jackpots Are Available on Crypto Jackpot Sites?

Crypto jackpot sites offer several types of jackpots: Fixed Jackpots: These have a set prize amount that doesn’t change regardless of the number of players or bets. Progressive Jackpots: These grow with each bet placed until someone wins. The prize can reach substantial amounts. Local Jackpots: These link to specific games or slots within a single casino. The prize pool accumulates from bets placed on that particular game. Network Jackpots: These link multiple games or slots across different casinos. The prize pool grows from bets placed on all linked games, leading to larger jackpots.

How Are Jackpots Funded on Crypto Jackpot Sites?

Jackpots on crypto sites get funded through player bets. For progressive jackpots, a small portion of each bet contributes to the jackpot pool. This process continues until a player wins, causing the jackpot to grow over time. Fixed jackpots have pre-determined prize amounts, set by the casino. Local jackpots accumulate from bets placed on specific games within a single casino, while network jackpots gather funds from multiple linked games across different casinos.

Top-Rated Provably Fair Crypto Casino Platforms in 2024

69 days ago 0 28
Read more

Is Blockchain Casino RNG Truly Random?

70 days ago 0 19
Read more

How is Crypto Gambling Taxed?

70 days ago 0 42
Read more

Is Staking Crypto Safe?

70 days ago 0 37
Read more

Top-Rated Crypto Wallets for Online Gambling in 2024

74 days ago 0 42
Read more

How to Purchase Bitcoin Anonymously: A Step-by-Step Guide

74 days ago 0 47
Read more

A Complete Resource on NFT Games

76 days ago 0 46
Read more

Your Go-To Guide for Playing Bingo at the Best Bitcoin Casinos

76 days ago 0 28
Read more

Crypto Baccarat Strategy

76 days ago 0 22
Read more