How Bingo Jackpot Are Calculated – These jackpots are the prizes you can win in any bingo game at the moment. There are several jackpots available when playing bingo. Each type will be calculated based on various factors.
How the Jackpot is Calculated
Winning a bingo jackpot is a matter of chance, but that doesn’t mean you have to rely on the luck of the draw. Many bingo players like to always know their odds by using a jackpot calculator. Knowing how the jackpot is calculated can be useful for any form of bingo, regardless of whether you are playing an online game or a game of its kind. The first aspect to remember is that there are two main types of bingo: 75 ball bingo and 90 ball bingo.
Generally, 75-ball is the type of game played in the UK, while 90-ball is the preferred format in the US. Why is this important? Because the number of balls makes a difference to the chances of winning jackpots, line payouts and other prizes. If you want to play bingo online, keep in mind that most online games use a 90 ball variant.
Apart from that, 90 ball bingo also has a lot of prizes to bet on, which might increase the chances of winning but also means the jackpot prizes tend to be smaller. In standard online bingo games, jackpots can range from 500 thousand to billions. The amount is calculated based on the number of players and ticket prices unless there is a predetermined guaranteed amount.
In addition, we have to take into account the benefits for operators. A common question asked is why the jackpot cannot be equated with the total ticket price. The simplest answer is that service providers need to be profitable in order to continue to operate successfully.
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How is the Bingo Jackpot Calculated?
Types of Jackpots
Fixed Jackpot
This is the most common type of jackpot that you will see when playing jackpot bingo games. The jackpot can still be won over and over again, with the value remaining the same no matter how many times a player hits a lucky combination. In 90 ball bingo, a fixed jackpot can be won by getting a full house on a bingo card within the set ball limit. In 75 ball bingo, players must be able to match a predetermined pattern on their cards to win.
Progressive Jackpot
This progressive jackpot itself is a type of jackpot that will depend heavily on ticket sales from previous days. The prize pool itself is accumulative, meaning that the progressive jackpot has the potential to be much larger than the fixed jackpot. The catch is that the amount resets after the prize is won. The casino operator will set the jackpot amount the day before.
So the total could change overnight if someone wins or ticket sales increase. The only way to win the 75 ball progressive jackpot is on a coverall win. In 90-ball, a full house is enough to earn the win.
Community Jackpots
In short, it’s a jackpot where everyone wins. The community jackpot benefits all players by sharing a portion of the prize among all participating players. Winning players get the biggest percentage, but there is still a little something for everyone.
This jackpot is the easiest bingo jackpot to cash out, with the split being equal for all players or relative to the number of tickets purchased. It’s also the most attractive jackpot for new players, considering that whoever wins means everyone gets their share.
