Early slot games permitted wagers from as little as 1c or 1p. With the advancement of mechanics, punters were able to stake more coins per spin. Nevertheless, the slot games were still created only to accommodate 1c or 1p coins.
With the growth of the economy, the popularity of gambling skyrocketed, and manufacturers soon began churning out quarter and nickel slot games. However, penny slots continued growing, just like the number of coins that punters could cash in per spin.
Furthermore, there was an increment in the number of paylines as a result of the advent of technology. The evolution of free penny slot casino games that you can also play with real money is an indication that users will stumble upon a myriad of penny slots on the web.
Penny slots work almost exactly as you’d imagine – you pop a penny into the slot, pull the lever (or press the button) and the reels will spin. Make the correct combination of symbols and you’ll win a prize – simple right?
But go into any casino or play any online slot and it won’t take long to realize that it’s far from the truth. In the majority of casinos, you’ll find that you can’t get away with 1c in the penny slot section, shocking, I know.
Instead, you’ll find yourself having to wager 50 or 100 credits on the pennies so you’re still betting a dollar a spin. Sneaky.
Some of the best penny slot machines to play contain 3 reels with only 1 pay line whereas others may have up to 5 paylines and are referred to as classic slots. Nonetheless, penny slots typically contain nine to twenty-five paylines. While there are different kinds of penny slots for free and for real money, the main 2 types are:
Progressive – Coupled with other fruit machines, these form a network. In turn, this leads to a progressive jackpot, whereby the small wagers that players make in these penny slots collectively form a grand prize up for grabs.
Non-progressive – These are not linked to other slots. Thus, they offer gamblers more winning opportunities, though the prize won’t be very big.
Greater payouts – Pin down a penny slot which has a high RTP (92% and above). Some classic slots have payouts of as high as 98%.
Activate all paylines – Playing a penny slot with all activated paylines boosts your likelihood of winning. This will not cost you a lot as most penny slots have the highest wager of 0.6 cents.
Knowledge is power – Before you play penny slot machines free of charge or with some cash at stake, it is vital to fully understand the paytable along with the features offered.
Avoid chasing losses – As you play free penny slots with some money on the line and realize that you’re incurring losses, then it is advisable to try another slot.
One of the questions we hear all the time when it comes to penny slots is whether or not you can win a lot of money with them and the simple answer? Yes.
Plenty of people have won big when playing penny slots with countless stories from friends, family and around the web (including numerous on Reddit) all telling tales of big wins from minimal bets in the casino.
Some penny slots are linked to the huge progressive jackpots that often get the better of our temptations (and our bankroll) that boast truly lucrative prizes for those willing to play and to win. With grand prizes in tens or hundreds of thousands, it’s easy to understand why people love to play to the penny slots.
But don’t let this give you tunnel vision, as previously mentioned these jackpots are usually restricted to those wagering the maximum amount on each spin so it’s important to check out the rules before pulling the lever. You don’t want to miss out on a life-changing prize because you jumped the gun.
Casino floors used to be filled with nickel and quarter slot machines. And casinos made healthy slots profits with these coin denominations for decades. But nowadays, penny slot machines are the dominant game. These slot machines are enticing because they only require players to bet one cent on each payline.
The first thing you should do when sitting down to one of these games is look at the help screen.
This explains how many lines you need to play along with minimum bets for specific bonus features and the jackpot.
Some slot machines require that you play up to 300 credits, or $3 per spin for certain bonuses and/or the progressive jackpot, and $3 is hardly what players expect to wager on a penny slot machine.
Gaming companies use colorful themes, 3D graphics, music, bonuses, and more to attract your attention. Slots makers know that their products will be placed in more casinos if they draw a large share of players. Another trick to avoid involves the numerous small payouts that modern slot machines offer.
Multiple studies have shown that a psychological effect kicks in when players receive small rewards after each spin. These frequent payouts convince players that they’re winning, even when they’re losing money overall.
Slot machines are already volatile, meaning they produce very unpredictable short-term results. Adding expensive bets on top of this volatility can create a bankroll nightmare.
Here’s an example for a land-based penny slot machine.
Keep in mind that this is only an average estimate, and you should have enough money to cover an even-worse scenario. As long as you only bring money to the casino that you’re fine with losing, then this won’t bother you.
One of the greatest benefits is that you can also win lots of payouts thanks to the numerous lines. Every payline that’s in play gives you a chance to win. And while the odds of winning with each line aren’t great, it’s still fun knowing that you have 50 or more chances to win on each turn. If you want to extend your entertainment on a penny slot with 100 or more lines, then look for signs of low volatility.
Some online penny slots truly embody the name, because the minimum bet is $0.01 (one cent on a single line). This is what many gamblers have in mind when they first hear the words penny slots. Other games require you to play between 20-50 fixed paylines. While this is expensive for some players, it’s still cheaper than what’s seen in land-based casinos. We personally like playing online slots that allow you to adjust both the number of lines and coin size. On these games, We usually play anywhere from 20-30 lines at a penny apiece.