Popular Form of Slot Gaming
Penny slots popularity is growing faster than ever. This is especially true of online casinos. Though you might imagine penny slots being an inexpensive way to gamble, the reality is that these can be pretty expensive if you’re not careful.
If you’re wanting to try out these games, we cover everything you need to know. Learn what to avoid, how to maximize your money, and some tips to finding the right machine for you.
How They Work
A penny slot is going to play the same as any other slot machine, simply with a lower monetary denomination. Penny Machines are going to be predominately video slot machines, though if you’re looking for a classic slots game you shouldn’t have any trouble finding one.
Basically, you put your money in the machine and select your paylines and wager amount. When you push the spin button, the Random Number Generator within the machine stops, determining the outcome of your spin. A quick look at the pay table screen will give you an idea of what you could potentially win on a particular penny slot machine.
A penny machine can have a wager of anywhere from $.01 to $16.00 per spin. This gives you a lot of flexibility in how much money you need to spend for hours of entertainment. It also allows people with much lower financial means to be able to have the opportunity to play for huge jackpots.
Betting and Payouts
While you might think that betting max credits on this type of a slot is a great place to start, you could be mistaken. You’re probably thinking “how expensive could it be?” Let me tell you, the max credit wagers can be larger than you’d think. Some penny games have a max bet of $16.00!
A quick glance at the rules and pay table information will give you the paylines and wager amounts available on a particular penny slot game. Most people are playing a penny slot machine for the low cost per spin. You can find a penny slot that offers big payouts for a fairly small wager. Unless you’re playing a progressive penny slots game or a game that requires max credits for a jackpot win, max credits is an unnecessary expense.
Make sure you check the available paylines. You will want to at least play 1 credit per payline. It can be really frustrating to watch a jackpot hit your machine but not get paid for it because you weren’t playing all of the paylines. Even at a penny per payline, this can get expensive on certain machines. Some slot machine games have up to 256 paylines.
If you think playing a penny slot machine means you can’t win a major jackpot, you’d be wrong. Several of these types of games offer major progressive jackpots. In fact, one of the highest paying progressive slot machine games offers a penny version of their popular game Megabucks. This particular game has a progressive jackpot that starts at 10 million dollars.
To win a progressive jackpot, you usually have to be betting max credits. There are some penny slot games that also offer tiered jackpots. On these games, you do not need to be betting max credits to win a progressive jackpot. The progressive jackpot you win is based on how much you are betting.
Even though you are able to win a progressive jackpot on fewer credits, your jackpot amount is going to be significantly smaller. The fact that winning a progressive jackpot on a penny slot, without max credits bet is even an option, speaks a lot to the popularity and demand of these machines.
Maximize Your Money
There are several ways to maximize the money you’re putting into a penny slot. One thing to look for is multiple bonus types. You can look for free spin bonuses, in-game bonuses, a progressive machine, or tiered progressive machine. All of these slots offer opportunities to gain extra money, rather than just from regular play.
Penny slot progressive slot machines are a huge value. The opportunity to win a lottery sized jackpot from a penny slot machine is an available option in today’s casinos. The rise in the popularity of penny slots has paved the way for software developers to make some big money games.
Another way to win big on a penny slot machine is to play a game with stacked wild symbols. This means that there are multiple wild symbols on top of each other on the same reel. Sometimes these stacked wild symbols with cover the entire reel. If this happens on several reels simultaneously, you are probably walking away with a good-sized payout.
Avoid These Mistakes
The number one mistake you could make to hurt your chances of a big win is to not play all available paylines. Especially in a game with stacked wild symbols, you will miss out on several big win opportunities without all paylines bet.
Another important aspect of penny play is to manage your bank roll. There are a couple aspects that make this difficult. First, slot machines have a high win rate. They are known to pay frequently, but in small amounts. Many of these “winning ” spins won’t even pay enough to cover the cost of that spin. It gives the illusion of winning when the end result is still a loss.
To manage your bankroll effectively, you need to keep an eye out for the cost of each spin. Many people fail to pay attention to the max bet cost on penny slots. This can be extremely high. Sometimes more than on most higher denomination machines. Just because you think you are on a value priced machine does not mean it doesn’t have high priced options.
Tips and Tricks
Pay attention to the game that you’re playing. Game software has become increasingly complex. Penny slot machines are no exception. Some games will have bonus options, progressive jackpots, wild symbols, etc. Make sure you know the rules of the game you’re playing so you don’t miss out on any winning opportunities.
A good way to gain a better understanding of a certain game or just slot machine play in general is to play slots at an online casino. Most games will have free play options. This way you can play the game to see how you like it and how the payouts seem to work. Then you can decide if it’s worth wagering real money on.
While we are on the topic of online casinos, this is another way you can potentially win big. Online casinos are known to have lower house advantages than land based casinos. An online casino has much lower operating costs, which allows them to pay their players more. This is not the case with all casinos, but a little research can point you in the right direction.
When looking to play at an online casino, make sure to look for long-standing, reputable casinos. There is an abundance of options. You shouldn’t have a problem finding a reputable online casino that has the games and banking options that you’re looking for.
Finally, try several different penny slot games. There are so many games to choose from. Some offer really fun bonuses, triple payouts on free spins, stacked wilds, or extremely high jackpots. Not all games are created equal. Keep trying until you find the right slot for you.
Penny slot machines are rapidly growing in popularity for a reason; they offer incredible entertainment value. You can find machines that pay high jackpots for as little as $.20 per spin. This is playing all paylines.
For this price, you can also find exciting bonus games. Sometimes you will find a slot machine that follows a show or movie you really like. Whatever it is that you look for in a penny slots game you should be able to find. The huge number of options in penny slot machine games almost guarantees it.
Since slot machines will almost always lose, at least in the long-run, penny slots can be a good value. They offer the same entertainment value without the hefty price tag. Keep our tips and tricks in mind to maximize your chances of winning. However, remember your number one factor in picking a slot machine should be how much you enjoy playing it.