Online casinos have established themselves as serious and worthy competitors to the behemoth industry of physical casinos.
Rising from relative obscurity in the mid to late 1990s to an industry that is now worth billions of dollars, there are many reasons why the sector has expanded exponentially. Today we will look at what online casinos are, what a jackpot is and how you can play games that involve these huge prizes.
What Is An Online Casino?
Firstly, we will establish what an online casino is. A land-based casino is a building that contains an array of different machines and different games. You can stroll around a casino and play video poker, blackjack, roulette, and slot machines. Online casinos offer all of the same titles, and they will usually have games that are tailored to a digital-first approach.
For example, roulette games such as lightning roulette will use the latest computer graphics and technology to multiply the odds of a specific number. They will usually use multiples of 10, 20 or 50. For example, if you place a bet on 17, the odds of that number coming in is 35/1. However, in lightning roulette, your number may be one of the handfuls chosen for one of these multipliers. If 17 has an x10 multiplier, this means your bet is 350/1.
The appeal of these games that use digital technology to enhance the user experience and create new gaming avenues is one of the revolutionary ways the internet has changed the online casino industry.
Games such as video poker have emerged thanks to this technology, and they have their own set of rules and players who enjoy it as a standalone game compared with their traditional counterpart poker.
What Is A Jackpot?
A jackpot is an enhanced prize on offer for players of a certain game. Usually, it will involve a prize outside of the game to attract gamblers to partake in that chosen game. For instance, a poker tournament may award a luxury sports car to a player who gets a Royal Flush.
The chances of this hand are incredibly high, and it is highly unlikely that anybody will win the car, at least for a few years. However, the visibility and publicity from offering a prize jackpot will usually result in higher profits in that particular game. This is known as a jackpot if a prize is offered in addition to the usual prize in the game. You can find more info about that here: mbitcasino.io/jackpot
Other examples include offering an enhanced prize on a specific number in roulette or the first player to get 21 in blackjack on a specific night. There are dozens of other examples, and large sweepstake draws, like lotteries, are also referred to as jackpot prizes due to their multimillion-dollar prizes.
Conclusion
Try and make sure you note how much you are gambling and how often you are doing it, as you shouldnt be gambling with more money than you can afford to lose.
If you spend more time than planned playing casino games or chasing losses, you should speak to somebody who can help you. If you notice red flags, speaking to somebody as soon as possible is crucial.
Jackpot prizes are fairly straightforward, as detailed in this article today. The key thing to decipher is that an online casino jackpot and a standard casino jackpot do not differ.
While some casinos may implement a prize jackpot that doesnt sound like a usual prize jackpot, the important thing to remember is that any prize offered on top of the standard prize will likely be considered a jackpot.
Disclaimer:
- As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling
- Land-based casinos are legalized, with certain guidelines, in Goa and Daman, as per the Goa, Daman and Diu Public Gambling Act 1976
- Land-based casinos, Online gambling and E-gaming (games of chance) are legalized in Sikkim under the Sikkim Online Gaming (Regulation) Rules 2009
- Only some Indian states have legalized online/regular lotteries as per and subject to the conditions laid down by state laws. Kindly refer to the same here
- Horse racing and betting on horse racing, including online betting, is permitted only in a licensed premise in select states. Kindly refer to the 1996 Judgement by the Supreme Court Of India here and for more information
- This article does not endorse or express the views of Qrius and/or any of its staff.