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< BackJune 22, 2020

Bitcoin Jackpot in Video Slots

bitcoin jackpot game

Video slots are one of the most popular casino games online today, with millions of players around the world. Online slots are typically available in both video slots and jackpots slots, but the cryptocurrency revolution has brought the world of online casinos a new variant — Bitcoin jackpot slots.

What are Video Slots? 

Video slots and online slots are digital versions of the slot machines that can be found in virtually any casino around the world. Slot machines are gambling games that consist of multiple spinning wheels with various symbols — players place a wager and spin the reels, winning prizes based on how many symbols align.

Coin-operated gambling machines and slot machines are very old, with the first contemporary slot machine created in 1894. The first video slot game was created in 1975, but screen-based digital video slots didn’t become popular until the early 1980’s.

Today’s online video slots operate on the same basic principles as traditional slot machines, but are wholly digital and are available online 24/7. Online video slots now offer a wide range of bonuses, game types, jackpots, and can be played with a wide range of different currencies. 

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What’s the Difference Between Video Slots and Jackpot Slots?

The difference between video slots and jackpot slots can be found in the way the “jackpot” for each slot type operates. When playing any slots game, the biggest win possible, based on the best combination of symbols, is referred to as the jackpot.

Regular slots, typically referred to as “video slots” without reference to a jackpot, provides a standard maximum jackpot payout that doesn’t change. The largest amount a player can possibly win in a regular video slots game stays the same, no matter how many players make wagers, or how many wagers an individual player makes.

A jackpot slot game, however, offers far higher rewards. Jackpot slots don’t have a fixed cap on the maximum amount a player can win through a jackpot. Every time a wager is made in a jackpot slots game, the total possible jackpot increases in value — a small amount is taken from each wager, and added to the jackpot.

If the jackpot in a jackpot slots game is won by a player, the jackpot reverts back to its original value and begins accumulating again. The progressive nature of jackpot slots makes them very attractive — the most popular jackpot slots games can have extremely valuable jackpot amounts.

Bitcoin jackpot slots function in the same manner as traditional jackpot slots, with one exception — players make wagers in Bitcoin, and are paid out in Bitcoin when they win the jackpot. 

How Much is it Possible to Win in a Bitcoin Jackpot?

Bitcoin slots jackpots offer a major advantage over traditional video slots — the highly volatile nature of Bitcoin makes it possible to dramatically increase the amount won by a player.

In May 2020, for example, a single Bitcoin jackpot slots player won 29 Bitcoin in a game of Jackpot slots. At the time of winning, the USD value of the Bitcoin the player won was worth over $250,000. A subsequent price increase saw the value of Bitcoin increase dramatically, propelling the value of the player’s jackpot win to over $290,000.

Many popular Bitcoin jackpot slots games offer jackpots of up to 200, 250, or even 500 Bitcoin, with the highest Bitcoin slot jackpot values reaching nearly $5 million USD.

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The Biggest Recorded Bitcoin Jackpot in History

The most valuable Bitcoin jackpot win of all time occurred in September 2013, with a single player accumulating 11,000 Bitcoin in a casual weekend gaming session. At the time, the value of the jackpot amounted to a little over $1.3 million USD.

The value of 11,000 Bitcoin at modern prices, however, is $101 million USD, making the player’s win one of the largest in history — more valuable than the largest win in Vegas history, which amounted to just $39 million USD. If the winning player had sold his winnings at Bitcoin’s all-time high of $20,000 USD per coin, the jackpot would have been worth an incredible $220 million USD.

The Best Bitcoin Jackpot Games

The best Bitcoin jackpot games can be found on trustworthy Bitcoin casinos and Cryptocurrency casinos that publish odds, RTP indicators, and deliver attractive loyalty rewards to returning players.

RTP, or “return to player,” is important when choosing a Bitcoin jackpot game. The closer this value is to 100 percent, the better chance a player has of winning big. High RTP provides players with better odds for winning Bitcoin jackpot games. Here are four of the highest RTP Bitcoin slots games online today:

  • Mr Vegas offers a jackpot that can reach over 270 BTC and boasts a RTP of 93.60%.

  • At the Copa offers a jackpot that can reach over 270 BTC and boasts a RTP of 97.42%.

  • Slots Angels offers a jackpot that can reach over 271.3 BTC and boasts a RTP of 96.89%.

Key Takeaways

* Bitcoin jackpot games are one of the best ways to capitalize on jackpot slots — not only do jackpot slots provide potentially massive jackpot wins, but the currency they pay out in can dramatically increase in value in a short amount of time.

* Try different cryptocurrency to play video slots. For example, ethereum slots . It's the same video slots, but with Ethereum. Using different currency gives different bonuses in slots + the minimum bet for Ethereum is 0.000001 ETH (it's less than half of cent). For Bitcoin slots the min. bet is equal to 1 cent.

 

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