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Penny slot machines appeal to many players because they seem to offer the lowest cost to play. For just a cent, you could spin the reels and win big. Except, that’s not always how it works in reality. Here’s everything you need to know about penny slots, as well as some of our favorites to play in 2019.

How much do you have to wager on penny slots?

You might think that penny slots just cost one cent to play. However, this often isn’t the case. Particularly at brick-and-mortar casinos, you’ll find that minimum spin values can be 50 or 100 credits on the penny slots. This means that you’re still wagering $1 per spin. No wonder penny slots account for 50% of casino income.

This is because while the unit of credits is worth a penny, you’ll be prompted to wager on all available paylines, often with multiple credits per line. Betting 5 credits a line on a 20 line, 5 reel slot machine means you’ll be wagering 100 credits on each spin of the reels. Even if you take things slow and spin the reels every 10 seconds (the average players spins every 6 seconds) you’ll still be looking at 6 spins per minute – or $360 worth of spins in an hour of play. That’s not quite what penny slot fans were planning on.

But not all slots require you to bet the maximum. If you play the best penny slots online, you’ll often find that they have minimum spins of 25 or even just 5 cents. This means that you can put a penny on all available paylines without breaking the bank.

Can you win big with penny slots?

Many people have stories about winning big with penny slots. How much is a big win when you’re betting pennies? $500 and up certainly sounds worthwhile when you’re spinning the reels. All the games list their maximum payouts, such as this one that had a maximum payout of $6500, despite one gambler believing she’d won millions.

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In fact, some penny slot games are linked to massive progressive jackpots. These can be truly lucrative, in the tens or even hundreds of thousands. But before you get excited, make sure that you read the terms and conditions to activate the jackpot.

Usually, you will need to wager the maximum amount on each spin, or at least have wagers on every available payline. Check the rules before you spin because there’s nothing more disappointing than thinking you’ve just won a life changing prize, only for it to turn out to be pennies on the dollar.

What are the best penny slot machines?

When you play at physical casinos, you’ll often find that the best penny slot machines have different odds from the same games offered at higher stakes. In fact, you might come out ahead on your bankroll by playing higher stakes slots at casinos.

That’s why it’s often best to play at online casinos, where the odds for a game are stable no matter your wagering level.

Whether you wager a penny, a nickel, a quarter or a dollar, you’ll face the same house edge when you play online. Plus, you’ll get access to a much broader range of the best penny slots online.

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So, what are the best penny slot machines? That will depend on your play style. Are you all about the bonus rounds, or are you just interested in the core slot action? Are you planning to play from the US or another country?

You can choose from a variety of the most popular slots online. From Wheel of Fortune to The Wizard of Oz, The Dark Knight to Wonder Woman, Monopoly to Guns N Roses, you can play tons of top-rated online slot games for penny credits. Just remember that playing for pennies doesn’t mean that your spins are cheap, but nor are your winnings.

Check out our guide on playing slots online for free.

Sources:
https://www.theguardian.com/society/2013/jun/08/slot-machine-lose-lose-situation
https://www.dummies.com/education/math/using-probability-when-hitting-the-slot-machines/
https://www.tripadvisor.com/ShowTopic-g29750-i78-k4046492-Any_penny_slots_worth_it-Atlantic_City_New_Jersey.html
https://www.usatoday.com/story/news/nation/2016/11/02/woman-denied-slot-machine-win/93206170/

Feb 15, 2020

Before getting to know the secrets of slots, you need to learn a little theory. There are legends about the perfect slot machine. Its main feature is the largest payout or high RTP. But even the most impressive RTP (92-97%) does not mean you have a 100% probability of winning. The thing is that the basis of the work of any slot machine is a random number generator.

When you play online, you can control the size of the bet. It affects your potential payouts, but your chances of winning remain the same. Also, the machines with a progressive jackpot go to the favorites because they can significantly increase your winnings.

Another variable is slot volatility. Some slots are diametrically different in this indicator. Tops pay less frequently, but more money. Otherwise, there is a chance of winning more often, but the sum is less.

Empty Casino Principle

At first glance, it might seem that playing in an empty casino increases your chances of winning. This is not entirely true. The fact is that the more people play slots with you at the same time, the more jackpots are at stake. Of course, do not forget that the random number generator still determines the jackpot, and there is no guarantee that you will win.

According to statistics, the more players make bets, the more often the jackpot happens. However, paradoxically, some players enter the site at a time when the load is minimal. Just like they would do in a regular casino. In order not to follow this habit, it's vital to understand that this pattern does not affect the online casino. Any number of players can play at the same time.

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This principle can be called a kind of safety technique. Remember that it is best to play slot machines when your finances allow it, which means that to participate in the progressive jackpots, you must make sure that you are financially ready for this before the start of the game. All casinos have their conditions. It may be the minimum amount or the size of an additional bet. Of course, you should not bet more than you have. Nevertheless, the chance of a significant win increases along with the size of the bet.

Play When the Jackpot Is Big

This item does not need a special introduction. You are looking for a massive jackpot or waiting until the amount reaches the value you like. In this case, the jackpot may occur randomly at the end of any of the spins. Each bet increases the size of the potential jackpot. And the longer the main fortune does not happen, the more the amount increases. The number drops to zero, in the case of a win, and then grows again. You can check your luck if you have not hit the jackpot for a long time.

I Will Win This Time

The peculiarity of slot machines, unlike other games, is that it is a game of luck. There are no clues or hidden signs of an approaching victory. Trust your instincts, and if you feel happy, you can try your luck at gambling.

On the other hand, if you feel that your day is not like Beckham's, you can postpone playing online slots for a more favorable time. Around the influence on luck, there are many myths and suggestions for improving chances. The first rule here is not to rely on other people's clues.

The Right Time of Day

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The random number generator is the king in any, even the best online casino. You can play from morning to evening at a crowded place, or bet money at night on free slots, and still, lose. Or you can play at any time and get a real stake. Come anytime and choose any of the casino games if you like to play.

Useful Superstitions

Everyone knows that the regulars of the casino are very, very superstitious. They use rituals and systems to win precisely. However, the main message is that anyway is a good way.

Recently, the myth has begun to gain a foothold that even the currency plays a role. It is not. It doesn't matter which cash is in your pocket: USD, EUR, or CAD. All currencies are equally good. The machine is unlikely to monitor the exchange rate.

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There is another popular myth, which aims to give you a lucky chance. The so-called cold seat. Yet in the world of online casinos, it is merely impossible to know whether someone played the machine before you. The only real components of success are your ability to mind your budget, self-confidence, a desire to play, and the feeling that the right moment is now.

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