A jackpot is a substantial win that increases the original Stake deposit bonuses by hundreds of thousands of times. It is one of the primary goals for any player. To achieve it, players need to thoroughly understand the regulations of Stake Casino and the specific game offering this type of prize. The largest jackpot ever won in Stake live dealer reached $8 million. Statistics show that the highest probability of grabbing a jackpot is on slot games.
Types of Jackpots
Stake cryptocurrencies offers several types of jackpots, varying from a thousands to millions of dollars:
- Fixed Jackpot: This has a set amount that does not change regardless of the size and number of bets. To win, a certain requirement must be fulfilled, such as hitting a particular symbol combination on a slot.
- Progressive Jackpot: The most popular and sought-after kind. Its size expands steadily based on the total bets made by players. If no one wins, it keeps accumulating according to certain conditions. Once a jackpot is won, it returns to a base amount. This type yields the highest possible rewards.
- Entry Jackpot: A fixed fund randomly distributed among a set of participants. It is allocated to a victor at the end of the draw.
- Mystery Jackpot: The prize value is a secret. Limits are defined for the fund. When it reaches a predetermined level, a random draw occurs with no special requirements.
- Double Bonus: This features a mega prize for the game. The likelihood of winning depends on the amount wagered. The prize amount and winning criteria are unknown.
Ways to Take Part in a Jackpot Draw
The ever-growing jackpot, which expands with each non-winning draw, is the most sought-after. A fraction of every bet goes towards increasing this amount, which can surpass several million dollars. There are 3 main approaches to building the prize pool:
- Single Slot Progression: A percentage of every bet on one specific slot adds to the prize. These don't accumulate huge sums but are more attainable.
- Casino-Wide Contribution: The jackpot grows with bets from all players using slots in the casino, leading to notable expansion.
- Networked Casinos: The most substantial winnings come from a prize fund collected across a network of participating casinos.
Finding the "Right" Jackpot
Professional players create advanced methods for picking and engaging with progressive jackpots. However, some widely acknowledged advice include:
- Thoroughly understanding the slot regulations or jackpot game.
- Spending your budget on a jackpot that has accumulated over time.
- Fewer reels often result in better odds of winning.
- Being ready to risk larger sums, as many casinos raise bets for jackpot games.
- Making small wagers to get more spins, adjusting them based on casino requirements.
- Not assuming regular jackpot victories; stick to a planned approach even after a win.
Grabbing a jackpot is fairly common and can happen even on the first attempt after a few spins. Its main advantage is that it does not rely on the amount, past bets, or bettor's moves. When picking a slot machine, it is advantageous to look at charts and analysis on slots that frequently hit jackpots, where the biggest prizes were claimed, and currently high-paying slot machines, such as on the Stake official website website.
Pay-Outs for Progressive Jackpots
Before participating in a jackpot draw, it’s essential to examine the payout terms. Some casinos restrict monthly payouts. For example, if the withdrawal limit is $1,000 and the prize is $100,000, it could require more than 8 years to get the total prize, which is not feasible for most players. Additionally, many casinos might close down before the payout is fully disbursed. Thus, it’s vital that the payout policy states that limits do not apply to progressive jackpots. Looking at user reviews on forums on the casino's credibility can help prevent fraud.