Understanding Types of Online Bingo Jackpots

Posted by bestoffersbingo on July 23rd, 2012

Just like other gambling games, bingo comes with its share of jackpots, albeit not as grand. While most high profile casino tournaments have jackpots valued in millions, most bingo jackpots are considerably smaller, but equally fun. Bingo has a unique social side that allows competitors to share and indulge in friendly conversation while competing for the jackpot. Before you foray into the world of online bingo, it is wise to educate yourself about the types of jackpots the game offers.

Most sites that offer online bingo provide three main types of jackpots - game, coverall and progressive. These jackpots are similar to the ones offered in real bingo halls. Each type of jackpot has differences that make it unique, including the total prize money, the highest being the progressive jackpot.

Game jackpots

The main prize pool for game jackpots are collected from the ticket sales and can be won in every game. The exact ratio of the ticket sales used for the game jackpot differs with each site but most invest a majority of the funds received. Bingo sites also use the money generated from ticket sales to pay for overheads, progressive jackpots, profits and bonuses.

Coverall jackpots

Used exclusively in 75-ball bingo, coverall jackpots are won when players cross off all the numbers on their card. Organised less frequently than game jackpots, coverall jackpots are more valuable.

Coverall jackpots are played differently. Starting with a fixed jackpot amount at the beginning of the game e.g. £100, the amount decreases as players take more time to complete their card. Coverall jackpots do have a minimum limit; say £50, which is still significantly higher than regular game jackpots.

Progressive jackpots

Most UK bingo sites offer progressive jackpots, with a large fan following among avid players. While the details of the game and jackpot vary among different sites, most bingo sites adopt a general strategy to award the jackpot. In many cases, a progressive jackpot is awarded to a player who calls bingo within a fixed number of draws, e.g. 30. This situation is very rare to achieve, making the progressive jackpot an elusive one.

Another interesting feature of the progressive jackpot is that it continues to grow as the game progresses and the number of players increases. Every time a card or ticket is purchased, a portion of the sales is directed towards the jackpot. This amount will continue to increase until one player strikes gold and the game restarts. Being the grandest of bingo jackpots, progressive jackpots can sometimes run into several thousands of pounds.

About the Author:

Tom Silver is an experienced copywriter who has spent over 6 years focusing on a variety of subjects including the online gaming industry which includes online bingo, free bingo, Poker and Casino games.