9 June, 2019 24 August, 2019

All You Need to know about Penny Slots

Many new gamblers venturing into the world of online gambling will jump at the idea of wagering a penny to win a jackpot. It seems so simple and achievable, and no doubt, many have done it while testing the land-based and online penny slots. For instance, in 2005, a Californian player hit the 2.9 Million Penny Jackpot at a land-based casino in Nevada.However, the results have not always been as favorable as many would have wished. Part of the failure stems from not having adequate information on how these games operate. In this article, we enlighten you on what penny slots refer to and how to win when you wager on your favorite online penny slots.

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What are Penny Slots?

Just as the name suggests, penny slots refers to slots games that you can play by wagering a penny on each bet. This seems simple enough and gives the impression that you only need to have a cent in your account to place a wager. It also gives you the idea that penny slots are the cheapest games to play since you can spend as little as just 1c to win that mouth-watering jackpot.

However, the reality is quite different, and you may end up spending much more than you bargained for. What you should realize is that while you only need to bet a cent on a pay line, you have to bet a specific number of pay lines per spin. Such that a 25-pay line penny slots machine will require you to spend at least 25c per spin.

How Penny Slots Work

While penny slots might seem like the cheapest option when choosing to play any slots games, it is necessary to understand how they work. In some instances, they end up costing more than the classic nickel and dime slot machines would cost per spin.

Penny slot machines operate by giving you the option to bet in the smallest denomination, that is one cent. Slot machines come with a specific number of pay lines, coin sizes and average bet size. For penny slots, a slot with 30 pay lines with a minimum coin size of 10 translates to a maximum bet of $3 per spin.

Land-based Penny Slots Machines versus Online Video Penny Slots

Most players look forward to an entertaining session and to make a win whenever they play slots games. Casinos, online and land-based understand this fact and try as much as possible to balance this equation. Hence you get the same of appealing themes, enchanting sound play including pleasant music and exciting storylines. There are, however, some few differences when you play penny slots at a physical casino and when you play online. These include:

  • You can play online penny slots on your desktop and mobile device conveniently while on the other hand, you must visit land-based casinos for slot machines.
  • Physical Penny slot machines come with fixed pay lines and coin size amounts while you can adjust the bet size to increase or decrease the bet amount in an online video slot.
  • Some physical slot machines require you to have a certain number of credits to unlock a specific bonus feature or jackpot. Online video slots do not need you to spend a certain amount to unlock a bonus feature, and it is possible to hit the jackpot on a minimum bet. This makes penny slot machines in land-based casinos more expensive than online penny slots games.

How to Bet on a Penny Slots Game

Before signing up at your preferred online casino, it is best to identify a site that offers penny slots games. Many online casinos give you the chance to play slots, and you need to choose the most favorable one. This is in terms of offers and bonuses, games list, themes, website navigation and flexible payments, among other features. Once you have settled that, you should choose whether to play penny games free or for real. If you are unsure about how the penny slots games work, you should play it free on demo mode. This gives you a chance to learn before opting to place your funds on it.

Depending on your budget, you need to identify the specific number of pay lines a penny slots machine has. If playing online, you should check the number of pay lines and coin sizes of the particular game. Then you can set the number of spins that you can afford. This way, you have control over how much you can spend. Online penny slots allow you to increase or decrease the coin size and the overall bet to suit your budget.

Strategies to Help you Play Penny Slots like an Expert

Unfortunately, there is no hidden secret on how to rig a penny slot machine. Online slots are run by a random Number generator, which ensures that the winning numbers are randomly generated and impossible be predicted. Additionally, the same things is true when it comes to slots on a land-based casino. Hence, mostly the slots wins are merely by chance.

Nevertheless, you can employ some strategies to help you manage your finances and help you win when playing Penny slots games. Below are some of the tips to achieve this:

  • Always read the help information on the game before you place your bet: This helps you understand beforehand how much you’re required to spend on each spin. For instance, a game that requires you to play 100 credits for a bonus ends up costing about $1 for every spin. Depending on your luck, this could end up being a costly game before you make a win.
  • Check on the volatility of a slots game before committing to playing it: Some slots games come with the information on their volatility percentage, and this helps you understand how frequently you can expect to make a win. Some games also give you the option to choose the volatility level. Games with bigger jackpots generally have fewer chances of striking a win while smaller progressive jackpots have more opportunities to strike a win. When on a tight budget, it would be advisable to try lower but frequent payouts. The reverse is that bigger jackpots have fewer payouts and would be recommended when you have a higher bankroll to spare.
  • Choose penny slots games that have multiple ways to win: Most slots come with bonus features and choosing one with many features increases your chances to strike a win. For instance, free spins and respins bonuses set you on an endless winning spree.
  • Check the payout percentage of the particular Penny slots games: The return to player rate (RTP) is the indicator of how much you expect to win back on a certain game. Slots games come with a minimum RTP rate of 75%. Most online and land-based slot machines have an average of 95 to 99% RTPs. However, penny slots come with the lowest RTP rates of between 80 to 90% RTP. You can see our big list with slots RTP here

How Much can you Win from Penny Slots Online Games

There is no set figure on how much you can win on an online penny slots game. Different games come with different bonuses and winning combinations which translate to different payouts. Interestingly, you can actually win big progressive jackpots running into thousands of dollars from a penny slots game. However, it is advisable to check the maximum payout for each game. This is usually included in the general terms and conditions about the game in the help menu. Give Penny slots a try!