Penny Slots

videoslots-logoToday, reel spinners can enjoy a variety of slots and in this article, we are going to highlight the advantages and disadvantages of playing the so-called penny machines.

In brief, penny slot machines allow the player to bet the fixed amount of one penny per active payline. Actually, if we talk about old-fashioned machines that used to have one payline only, it would be more precise to say that players were allowed to place a wager amounting to one penny per spin.

Penny slot machines have been regarded as a source of entertainment for players who cannot afford to risk higher amounts per spin. However, placing a small bet and having smaller chances of hitting a big jackpot does not mean one is unlikely to gradually accumulate significant winnings.

Penny machines were preferred by players who wanted to engage in their favorite slot game without jeopardizing their budget. After all, the smaller and less frequent wins were regarded as fair given the modest amount of the required bet.

Although casino trends have changed over the years, penny machines withstood the competition of more advanced slots and went through considerable changes.

Despite the insignificant payouts, penny slots are still attractive to players who want to put less money at risk and still have a memorable gaming session. Contemporary slots, however, offer way more features than old-school penny machines.

Screenshot of progressive jackpot slots

Today, slots have multiple paylines, which means players are allowed to place bets that can reach up to $10 depending on the number of paylines they activate. The other advantage of the modern penny slots is that they return more frequent winnings.

It is not surprising that some players are eager to bet on penny slot machines. These games provide them with a seemingly affordable and fun way to engage in gambling activities that can keep them interested for quite some time.

The name itself makes players associate penny slot machines with affordability. You can hardly buy anything for one penny but admit it, it sounds exciting when you can go to a casino even if you have a few coins in your wallet.

Place a Bet and Use a Proper Strategy

Due to the fact that penny slot machines were a great success, gaming developers made them compatible with mobile devices, so players can have fun at all times, from all places.

When it comes to the size of the bet, penny slot machines are not different from the standard slots where staking the maximum number of coins ensures higher winnings and helps you trigger the bonus round.

According to the strategy used by experienced players, you can increase your bet if you are winning and decrease it when you are losing. Many players apply the opposite strategy of increasing their bets when they are losing in hopes the next spin would be more profitable.

In general, the larger coin denomination you choose, the higher the hit rate will be. Your odds of winning are also increased when you play the maximum number of lines.

At first glance, penny slot machines may seem too complicated because of the different number of paylines and the betting limits you have to adhere to, not to mention the wild, scatter and bonus symbols they feature. However, they are quite similar when it comes to operation and once again, taking a look at the paytable can save you many troubles.

Game Symbols and Hit Rate

Most contemporary penny slot machines feature between 5 and 25 paylines and playing on all lines increases your chances of winning.

Today’s slots provide players with a variety of winning combinations and special symbols such as wilds, scatters and bonus icons, all of which contribute to your excellent payout.

In most cases, wilds help you create a winning combination by replacing one or more regular symbols. Three or more scatters landed anywhere on the reels activate bonus games or reward you with free spins. If the game features bonus symbols, three or more of them would usually trigger the bonus features and your chances of winning are enhanced.

As for the jackpots, every game requires different combinations to be formed in order to qualify for a jackpot. In most cases, 5 identical symbols are required.

Screenshot of Monte Carlo slot machines in casino

Payback and Hit Rate. What is the Difference?

Many players are not aware of the difference between payback and win frequency (also called a hit rate). Let us make it clear that the payback is the percentage the player is likely to get back on average after playing for a very long time. Licensed online casinos are required to publish the payback percentage of their slots. As for the win frequency or the so-called hit rate, it is the approximate number of spins players are supposed to make before they receive a payout.

After you have acquainted yourself with the basics of penny slots, it is logical to ask which are the best paying slots of this kind. Well, people say “Many men, many minds” for a reason. The wide variety of penny slot machines in both online and brick-and-mortar casinos makes it really difficult to make a selection of the best ones. Yet, getting started with Cleopatra, Penny Megabucks, and Wheel of Fortune is an excellent idea.

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