Fixed vs. Progressive Jackpots Online Mines Games
Most online slots and casino games offer fixed jackpots where there is a ceiling on the maximum amount players can win at any given time. With slots, this fixed amount can be expressed either as a cash value in the corresponding currency (eg. $50,000, £50,000) or in coins (50,000 coins).
In the second case, the base coin denomination the player has selected determines the cash value of the fixed jackpot in case of a win.
If you land a fixed jackpot of 50,000 coins with a base coin value of 0.10, you will essentially collect 5,000 units in your local currency, be it dollar, euro, or pound.
Respectively, if you play at higher stakes with a base credit denomination of 5.00, your win would increase to 250,000 in the corresponding currency.
This is not the case with progressive jackpots where a small percentage of each bet goes toward the jackpot pool which continues to grow until somebody eventually wins.
The pool is then reset to a base amount called a seed and starts accumulating all over again.