Fixed Jackpots: Payouts, and Mega Prizes
Real-money online casino games are packed with prizes. From small payouts to mega wins, there are plenty of ways to boost your bankroll. This guide will explain the nuances of fixed jackpots. Not only that, but we’ve also compared them to progressive jackpots and shown you what you can win on the top casino games. Finally, we’ve got some advice on how you can win fixed casino jackpots. So, if you’re ready to shoot for big-money prizes, let’s get on with the guide.
Popular Casinos with fixed jackpots
What Are Fixed Jackpots?
Fixed casino jackpots are prizes that don’t change in value. Every game has a payout ladder. Jackpots are the top payouts and come in two main forms: fixed and progressive. For a breakdown of the latter, check out our guide to progressive jackpots. When it comes to fixed prizes, things are a lot more certain. You know exactly what you can win each time you play.
What’s important to note is that fixed jackpots have a fixed value but the actual amount of money you win will vary. This is because, in general, casino payouts are based on multipliers/ratios. For example, a standard win in blackjack is worth 1X or 1:1. So, if you bet $10, you’ll win $10 for a total return of $20 ($10 profit + $10 stake back). In contrast, if you bet $50 and win, your total return would be $100 ($50 profit + $50 stake back).
Similarly, if a slot has a 500X fixed jackpot and you bet $1 per spin, you’d win $500. Wager $5 and your prize would be worth $2,500. Progressive jackpots don’t operate in the same way. Those games have prizepools that continually increase in value and, typically, it doesn’t matter how much you bet. As long as you hit the right combination, you’ll win the progressive jackpot regardless of whether you stake $1 or $100.
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Different Casino Games, Different Payouts
Not all casino games are created equal. Some are described as high volatility games; others are low volatility. It’s this rating that often determines how valuable a game’s jackpot is. It’s much the same as life: high risk, high reward vs. low risk, low reward.
For example, video slots have a fairly high volatility rating. This means that the odds of winning are longer than they would be for other games. Because of this, fixed jackpots for slots are a lot more lucrative than, for example, blackjack.
Indeed, blackjack is classed as a low volatility casino game because the house edge is small. To put it another way, the casino doesn’t have a huge advantage in blackjack (between 0.5% and 2%). This means, in theory, you’re more likely to get a return on your investment from a single hand of blackjack compared to a slot spin. Therefore, because the volatility is lower, so too is the return i.e. 1X your bet.
Another great example of the correlation between volatility and prize money is roulette. This game has multiple betting options. You can make general bets, such as red/black, or you can be more specific and bet on a single number. As you’d expect, there’s less chance of hitting a single number than either red or black (18 numbers each). Therefore, red/black is a lower volatility bet that pays 1X. Conversely, a single number win is worth 35X. This is why certain fixed jackpots are worth more than others.
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Fixed Jackpot Payouts
Although there are nuances within certain games, here’s the general payout potential of the most popular casino games online:
- Blackjack = Between 1X and 1.5X
- Roulette = Between 1X and 35X
- Baccarat = Between 1X and 9X
- Casino Hold’em = Between 1X and 100X
- Scratchcards = Between 1X and 5,000X+
- Video Slots = Between 1X and 20,000X+
- Progressive Jackpot Slots = Between 1X and $1 million+
Casino Jackpots: Fixed vs. Progressive
We’ve explained how progressive and fixed jackpots differ in terms of what and how you win. In reality, you don’t have to choose between one or the other. Our top-rated Canadian casinos have thousands of games.
Once you’ve created an account, you can play the free casino games, or you can make a deposit and shoot for cash prizes. There are no limits on what you can play. However, if you don’t want to waste time deciding once you’ve logged in, here are some things to consider:
The Advantages of Fixed Jackpot Casino Games
- Fixed jackpot casino games often have better return rates (i.e. they’re lower volatility).
- Fixed jackpot casino games tell you exactly how much you could win based on your bet size.
- Fixed jackpot casino games are a lot more common and diverse.
The Advantages of Progressive Jackpot Casino Games
- Progressive jackpot casino games offer much larger prizes.
- Progressive jackpot casino games also offer fixed prizes.
- Progressive jackpot games are often linked to offers and promotions.
How Can I Win Fixed Jackpots?
You can win fixed casino jackpots by playing real-money games. Our recommended sites all offer demo casino games. However, these don’t pay out cash prizes. If you want to win something you can spend in the real world, you need to play for real money. The beauty of the best online casinos in Canada is that they’ve got so much choice.
You’ll literally have thousands of ways to play in the way that suits you. If you like betting small amounts and playing for large prizes, you can. If you prefer betting large amount on lower volatility games like blackjack, you can. Our top picks cater to your every need and, in turn, give you multiple ways to win the biggest fixed jackpots online.