Jackpot ( bingo )
The prize offered on a "flimsy" game or "special" game.
Sometimes the jackpot is progressive and grows every
day or every week. Often the numbers needed to win are progressive, too.
As numbers are added, the pot becomes easier to win..
Jackpot ( keno )
The prize paid in a progressive. Technically, the jackpot is the amount above
the regular payoff for the game.
For instance, if the progressive payoff is $25,453 but the regular payoff
is $10,000, the jackpot is $15,453.
However the term is regularly misused to indicate the total payoff amount.
Jackpot ( lotto )
The top prize for a lotto game. Jackpots are usually pari-mutuel. If not won
in the next drawing,
they "roll" to the next drawing and increase in size.
Jackpot ( poker )
A progressive prize in some card rooms given to the player who gets, in lowball,
a 6-4 beat,
or, in high, a given hand, perhaps aces full, or four of a kind, beat. The
procedure for collection of the
prize fund differs in each card room. In some, part of the antes or blinds,
called the jackpot drop is taken
each hand and added to the jackpot fund. The procedure for awarding the jackpot
also varies widely.
In some clubs, the fund is for all games; in others, it is for a specific
game. That is, for example,
the 2-4 hold 'em may have one jackpot, while the 3-6 and 5-10 each has its
own separate jackpot.
The usual procedure is the holder of the beaten hand receives the largest
share of the jackpot; the holder
of the hand that beats the loser receives a smaller percentage; while the
remainder of the players split a third portion.
The division might be 50% of the jackpot to the loser, 25% to the holder of
the winning hand, and 25% split to
the other players at the table. Other divisions are found, also. In some large
clubs, the jackpots frequently grow
into the tens of thousands of dollars, leading to the interesting phenomenon
of players specifically trying to get their
hands beat, and often staying in for several bets on hands they might not
otherwise play. The rules for collection and
disbursement of jackpots changed in California in 1998, but the effect remains
about the same.
Also called bad beat jackpot.
Jackpot (general terms )
Occurs in bet types such as superfectas when no investors select the winning
combination.
The monies invested into this superfecta pool are then carried over to the
next suitable superfecta race.
Jackpot (videopoker)
A special bonus paid when you hit the highest hand on a video poker machine.
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