Online Bingo jackpots explained
Just like online slots, online bingo games are one of the biggest gambling success stories of the 21st century, bringing this infectious little game to so many more people, and bringing in a ton of revenue at the same time. There should not be any surprise there either; over the majority of the 20th century we saw how popular bingo was with people, so when it went online and allowed many more people to play, there was only going to be one outcome.
Online bingo games at BingoMummy are great fun, there is no denying that, especially when you are in a session with all of your best friends and the chat room is also flowing. But here’s the thing: of course people play online bingo for fun, but the main reason is pretty much always in order to get their hands on one of the many jackpots on offer. Read ahead for an article on online bingo jackpots explained, exploring the different types and what they have to offer.
Fixed Prize jackpots
Throughout the history of bingo fixed prize jackpots have undeniably been the most popular, in fact this is how bingo started in the first place, with a fixed prize jackpot in an Italian lottery style hybrid called Il Gioco del Lotto d’Italia. With a fixed prize jackpot the reward for being the first to shout “Bingo!” is exactly what it says on the tin: a fixed prize of a certain amount of cash.
The thing about fixed prize jackpots, however, that you should be well aware of before you start playing, is that if nobody has crossed off the required numbers before the time limit is up the prize will not be rewarded. In most cases the game will continue, and there will be a smaller prize for the person who eventually does cross off the specified numbers, however it will not be as large a prize.
In the online bingo world when you see a guaranteed jackpot being offered it can either mean the exact same thing as a fixed prize jackpot, or something slightly different. For the latter meaning a guaranteed jackpot simply means that a player is guaranteed to win it, even if the numbers are not crossed off in time.
A guaranteed jackpot is therefore a better option to go for if you really are intent on winning the full amount offered.
Online slot fanatics will be well aware of what a progressive jackpot is, as they are fairly common to see in the online slots world. A progressive jackpot is basically a prize pot that increases in relation to how many people are putting money into the pot in order to actually play a round of bingo.
This means that progressive jackpots can get incredibly large, however the only thing to remember here is that the bigger the jackpot, the more people are attempting to win it, and this means that your odds of winning it are fairly small.