Jackpot as it is related to bingo, simply means a large amount of money. It is a game that involves money that is to be won after certain prerequisites conditions are fulfilled. Till the winning conditions are met with, the money is allowed to be collected in a jackpot pool. Jackpot bingos usually involve huge sums of money, in the form of cash prize for the winner.
General Bingo can be played as a jackpot game. There are two types of jackpots that are usually associated with Bingo. In the bingo parlance they are known as Progressive and Guaranteed jackpots. The second type of jackpot, usually guarantees a fixed sum of money, which can be won at the end of the game. A jackpot Bingo is played with larger cash money and the amount can be quite big! Jackpot Bingo is different from the standard general Bingo game.
What is the basic difference between general and jackpot Bingo? General Bingo is usually played with a limited/small amount of cash. The amount is fixed with respect to the total collection, after sale of tickets. However the jackpot version of the game is played with more money. But what is quite interesting to note is that, there are certain preconditions that comes attached with the bigger prize money.
It is usually not easy to hit a jackpot in bingo. In the guaranteed format of the game, it is easier to hit the jackpot. A 'twist' is always added to the game, where money involved is more. More the amount of prize money, lesser is the chance of reaching the jackpot. There are different ways by which a larger pool of money is collected for General Bingo played with jackpots. Jackpot Bingo is often an extension of Progressive Bingo.