Baccarat is hardly the first casino game that comes to mind when thinking of large payouts. Instead, it’s a table game with regular payments rather than big jackpots.
Progressive baccarat, on the other hand, can have large payouts. It combines the thrill of chasing enormous jackpots with one of the most iconic table games.
Play for a Big Jackpot
The jackpot is without a doubt the main attraction of progressive baccarat. This game offers the chance to win five or even six figures with a simple wager. The original prize is seeded by the casino. In many circumstances, the progressive reward will be seeded between $5,000 and $10,000. From here, the prize grows with each side wager placed. To help fund the jackpot, the casino will deduct a small amount from each side wager.
For example, if the jackpot increases by 50 cents for every wager placed on the game, the casino receives 60 cents, with 50 cents going toward the jackpot and the remaining 10 cents going toward the next seed.
Make the mistake of thinking that the casino is losing money on baccarat jackpots or any other jackpots. The money you and other gamblers risk on the game or wager pays for all casino game prizes in full.
Place a Side Bet
To be eligible for the progressive jackpot, you must place both a normal bet and a side wager. The side bet is optional, which means you can utilize it whenever you want. The side wager is usually simply $1 in most casinos. Nonetheless, many progressive baccarat players place this optional bet regardless of the outcome.
The side wager will qualify you not only for the jackpot but also for other side rewards. The additional prizes can vary depending on the game and casino.
Odds of Winning the Jackpot
As with any progressive jackpot, your chances of winning the top baccarat reward are slim. However, the odds are better than the usual online slot machine. You have a 1 in 588,296 chance of winning the previously mentioned Playtech baccarat jackpot. This means that on average, you’ll need to play 588,296 hands before winning big.
You might bet when the jackpot is higher to make the long odds worthwhile. If you are fortunate enough to win the jackpot, you will be rewarded greatly.
3 Best Aspects of Jackpot Baccarat
1. Big Wins
When you are on a baccarat hot streak, you can undoubtedly win some money. Unless you win a lot of tie bets, you’ll only get even money on your payouts. This makes it difficult to win big money in this game. To earn thousands of dollars, you almost have to play high-stakes baccarat or be extraordinarily lucky.
The progressive version, on the other hand, allows you to win big money without having to play huge sums. You can place your $1 bet and hope for the best.
2. The Jackpot Bet Is Affordable
Progressive jackpot casino games can be incredibly pricey. Slot machines are especially notable in this regard because they can cause you to lose a lot of money in a short period of time. Of course, progressive baccarat jackpots can also be costly. It can, however, be inexpensive if desired.
To begin with, the side bet is usually merely $1. Some land-based casinos may charge $5, however this is less common than a $1 bet. Second, you are not required to place a side bet on every hand. Instead, you may simply play the main game and gamble on the jackpot whenever you choose.
3. Play for Huge Jackpots Online
Table games, especially online, aren’t necessarily the best at offering jackpots. Online baccarat, on the other hand, allows you to compete for some very large prizes. Again, Playtech is the developer who is currently delivering the progressive version. Progressive baccarat is available at all of their casinos.
Hopefully, other developers will start offering this game. When this occurs, you will have even more options and maybe higher jackpots to choose from.
1. Low Chances of Winning Big
Unless you play a lot of hands, you’re unlikely to win the jackpot in this game. Again, your chances of winning the grand prize online are 1 in 588,296.
The goal of playing the progressive version is, of course, to get lucky and win big. If you don’t mind the long odds, you might still enjoy playing this game.
On the other hand, you should never anticipate to solve any financial troubles by playing progressive baccarat. Before you can win the top reward, you’ll need to play hundreds of thousands of hands.
2. Drains your bankroll more quickly
Both land-based and online blackjack are reasonably priced. A normal land-based casino demands a $5 side stake, whereas online baccarat casinos just require a $1 side bet. You may not believe that placing a dollar side bet on top will make a significant difference. However, it may cause you to deplete your bankroll more quickly.
The main issue is that you won’t usually win anything from the side bet. As a result, on most hands, you’re essentially wasting a dollar.
3. There is a limited Availability
Baccarat is a popular game among gamblers. Having said that, it appears reasonable to expect the progressive version to gain popularity in the future. However, it is now obscure. This game is only available from one online publisher, and most land-based casinos do not feature it among their table game jackpots.
However, you won’t discover jackpots for this game as regularly as you would with Caribbean stud or Let It Ride. You’ll have to spend some time looking for a progressive version.
Jackpot baccarat is not the most popular table game. It does, however, exist, and it allows you to play this game with a large prize on the line. The online version now has a prize of about $95,000 available. While this isn’t life-changing money, it can cover a lot of bills.
Certain traditional casinos also offer progressive baccarat. Larger jackpots may be available at land-based casinos.
Of course, you should be aware that your chances of winning the grand prize are slim. However, if you’re okay with this, you should have a great time playing progressive baccarat. You’ll also have a better chance of winning a baccarat jackpot than a slots jackpot.