Penny slots appeal to a wide range of casino gamblers. Many newbies stick to the machines because, after all, it’s only a penny. Veteran casino gamblers see it as a great way to extend their gambling bankroll.

Still, there’s a stigma surrounding the penny slots, and I’ve even witnessed prejudices against those who play them. Break the stigma to stretch your dollar and become a winner on penny slots.

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What Are Casino Penny Slots?

My first casino experience was spent on the penny slots. I was a broke college student, and some of my friends invited me to go to Choctaw Casino in Durant, OK, for my birthday.

Choctaw Casino is a beautiful property with the latest amenities and a luxurious setting today. Twenty years ago, the small casino had 2 large rooms filled with slot machines and a bingo hall — and not a single table game.

I don’t think the parking lot was paved back then; I’ve been in dive bars with more ambiance. They didn’t offer free drinks, either; that goes a long way with a broke 21-year-old.

However, I was gambling in a casino for real money and couldn’t have been happier. I sat to real money slots and slipped in a $20 bill.

I spent an hour playing a single line at max credits $0.05 for an hour. Finally, a friend noticed my misplay and showed me how to bet max lines.

Wow, that was a game-changer. Suddenly, I was winning every other spin, it seemed.

I left the casino with over $135, and I was hooked.

Penny slots are among the most popular games in many casinos. In fact, many online casinos extoll the penny slots for their seemingly low cost.

I’ll stick to the machines in land-based casinos for our purposes. However, there are very few differences between the two.

Penny slots operate the same as any other slot machine you’ll find in the casino with a few major exceptions.

First of all, you’ll notice that these machines can run north of 25 pay lines. Actually, some of the most popular machines have 40 pay lines.

The sheer number of pay lines can quickly run the cost per spin well over $0.01, but the excitement of even small wins locks players into the game.

The Real Cost of Casino Penny Slots

You probably see penny slots and think, “Great, I’m gonna make this $5 last all night!”

Well, you very well might. However, it’s more common to find a penny slot machine and discover that there’s a 10, 20, or even a 50 credit minimum.

I’ve even played on “penny slots” with a 100 credit minimum. That’s not to say that the penny slots no longer exist, but you’ll need to pay attention.

I’ve seen a trend in casinos across the country regarding penny slots. The newer machines are trending upward on the number of pay lines they offer.

When I first walked through the darkened doorway of Choctaw 2 decades ago, I saw most games had 5-12 pay lines. Today, the penny slot machines being developed appear to have almost a standardized 40 pay lines.

Imagine you’re playing a game with 40 pay lines and play 5 credits per line. Suddenly, you’re spending $2 per spin.

If your bankroll isn’t built to play at this level, you’re going to be quickly relegated to the sidelines.

You should always bet max lines. If that means you start at a machine with fewer pay lines, so be it.

Betting max credits and max lines is the only way to get the most out of any slot machine’s return to player (RTP).

Pennies on The Dollar

When you look at the math between penny slots and the popular dollar machines, it becomes clear that the dollar slots reign supreme.

As I mentioned above, it’s not uncommon to find penny slots where the max bets can be much more than a penny, as the name would imply. If you’re on the hunt for the largest jackpots, you’ll often be required to wager up to $5 per spin.

The jackpots on penny slots start relatively low, even for the penny credits. However, you can find jackpots that soar to the life-changing sum of $1,000,000 or more.

Unfortunately, you’re almost guaranteed to drain your bankroll before you ever hit the jackpot. The RTP on the penny slot machines can be 91% on the high end, but many fall in the 88% range.

These RTP make penny slots some of the worst games in the casino from a strictly return on investment standpoint.

Conversely, many of the same players that flood the penny slots will scoff at the prospect of playing dollar machines.

Many of the dollar slots are between $1-3 per spin. The jackpots start in the four-figures. Many of the mega-jackpots reset at $1 million or higher, like $7 million for Megabucks.

The games also come with a much higher RTP. You can get a return of 95% or higher on many of these games.

You’ll actually lose money on the dollar slots much more slowly. Assume you’re playing a 30 line machine for 10 credits at a penny slot machine, and your friend is playing a $3 max bet on a dollar slot machine.

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You’re both wagering $3 per spin, and players average around 350 spins per hour. So, each player is putting $1,050 into play every hour.

Now, look at how the RTP affects that; at the penny slots getting 88%, you’ll lose $126 an hour. For the dollar slots and 95%, you’ll only lose $52.50 for the same hour.

Choose wisely before just blindly making a beeline for the penny slots.

Selecting The Right Penny Slots Machine

When choosing a penny slot machine, the most important factor is no different from any other denomination of slots, RTP.

How long you can play, which directly translates to how much entertainment you’ll be getting for your gambling dollar.

Volatility can play an important role in selecting a game. Some players prefer to extend their bankroll by taking small but frequent wins.

Other choose the less frequent wins, but the excitement of much higher dollar amounts.

One of the best resources for finding the hottest machines on the casino floor is other gamblers. Gamblers love to share their latest successes with pretty much anyone who will listen.

Take some time to do a lap through the massive casino banks, and you’ll bump into at least a dozen fellow gamblers itching to dish the latest gossip.

Above all, only play games that you enjoy. The number 1 rule of casino gambling is to enjoy yourself.

Otherwise, you’re just throwing money away. When you’re playing games in the casino, you’re paying for entertainment.

The excitement of gambling is electric and creates a buzz that hits you as soon as you walk through the doors. Please don’t feel like you’re stuck on a game because you think it’s due to hit. The best thing to do is walk away and find a game you actually enjoy.

Penny Slots Strategy for Success

Winning at real money casinos is a tall task. Still, there are several ways to extend your session and give yourself a chance at a jackpot.

The most important aspect of penny slots is finding the games with the highest Slots RTP. This should be fairly obvious at this point.

The less money leaving your pocket every hour, the better. Of course, you may get on a hot run and win over a couple of hours.

At the very least, I encourage you to pull those winnings aside. Your best option when you get a significant win is to simply walk away.

Unfortunately, this is much easier said than done. All too often, players will roll their wins into a long string of losses until they’re wiped out completely.

Avoid this common gambling pitfall by cashing all big wins out immediately and buying back in with your predetermined bankroll for the session.

Savvy gamblers set strict limits on wins, losses, and time spent playing. More importantly, they stick to their limit.

Make realistic limits. Don’t set a win limit of $100k playing penny slots; that day will likely never come. Base a win limit on your bankroll and expected hourly losses.

Penny slots clearly don’t have the best odds in the casino, but by taking a few precautions, you can extend your time on the casino floor by hours.

Conclusion

Before you stretch your dollar and become a winner on penny slots, do the research. By carefully examining the RTP and jackpot structure of the games you play, you’re in a better position to walk out of the casino happier than ever before.

While you’ll always want to play max lines, remember that there’s a wide range of games on the market today. You’re in control of how much you put into action on every spin, and if you’re having the maximum amount of fun, you’re doing it right.

The phrase “penny slots” refers to slot machines that accept wagers in denominations as low as $0.01. These days, most slots offer multiple line wagers and other bet multiplier options allowing for bets of much more than a penny per spin, but because players ostensibly can play the game at $0.01 per round, it is considered a penny slot.
It’s clear why penny slot machines became so popular. The appeal of inexpensive entertainment is obvious; penny slot machines can stretch a slim bankroll a lot further than games that require bigger bets. Most people interested in choosing those games, do so because they want to have more time on the gaming floor, not because they’re the type of player that chases huge prizes.

It is true that payouts are generally smaller on games that cost the bettor less to play. Even so, penny slot machines made a quit large number of millionaires. Lately a man in Las Vegas won a jackpot of more than $18 million in 2014 on minimum denomination slot, so big paydays are available depending on the game.

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Online Penny Slots

In online casinos, slot machine took another step in their evolution. It’s actually hard to find a classic penny slot machine on internet. Online penny slot machines offer much wider range of bets and denominations: the same slot can be a 1 cent slot machine and at the same time a high limit – $250 per spin – slot. There are 3 main reason for that change:

1. Technology – unlike in brick and mortar casinos, in online slots the bet size is not limited by physical coins/chips/notes and can be changed with a click of a button.
2. Appealing to wide range of players: Many players can play the same online slot machine at the same time, which is obviously impossible in land casinos. After all the work of designing, developing and testing, casino operators want the slot to appeal to the widest range of players.
3. The most important reason for us as players to notice: It allows players opportunities to get carried away. Don’t forget, casinos are a business as any other business and they are here to make profit. If a player that was betting $0.01 per spin starts playing $1, $5, $10, the casino turnover will be 100+ times higher.

To bottom line: Online penny slots, similar to their brick and mortar “compatriots”, are a great way to enjoy playing slots for real money without risking high stakes and the variety you can find on the internet is enormous. The tricky part of online penny slots is that in most cases, we have to limit the maximum bet per spin ourselves, since the machine won’t do it for us.

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*If you are playing most of the time on your mobile, please visit our mobile penny slots page to find which games are available on mobile and in which mobile casinos you can play them.

How to Play?

People familiar with how a slot machines work will have no trouble playing penny-denomination games, as there is no difference between these types of slots and any other. These days, the majority of penny slot games are still on the simple side – many “classic-style” games (with a single line and three reels) offer penny wagers, and even those titles that aren’t simple single-line games offer fewer features than more “expensive” ones.
The only trick to learn is to determine how much you want to wager per-spin; that means taking both credit size (the value in cash of each unit of a wager) and number of credits under consideration. Bettors on a budget who want to squeeze as much play time as possible out of their bankroll should stick to the lower end of the scale, while budget-conscious players who don’t mind being a little risky should bet maximums in order to earn the biggest possible payouts.

How to Win at Penny Slots

Despite all the tips and myths that you heard or can read on the internet, the truth is that there is no way to beat the system and consistently win at penny slot machines. The only rule that we think that players should follow is to set up a limit of how much they bet per spin and to stick to it. Penny slots can draw money faster than one would expect and it’s important that you won’t get carried away and start betting $$ per spin.
There are, however, many ways to make your time more entertaining and a few tricks to getting freebies from the casino. Every penny you earn in freebies and rewards from the house is a thin slice of the casino’s advantage peeled away.
To walk out of the casino with a smile on your face you can either win a bunch of cash or have a great time. There’s no way to guarantee the big wins, but you can try different tactics to keep the game enjoyable – change paylines, rotate machines so you don’t fall into a routine and stop playing if you get emotional.
Penny slot games offer a lot of entertainment and can be played at a very low cost – that’s their main appeal. Some, very few, lucky fans will win million-dollar jackpots; the rest of us will be content with the additional game time available on penny-denomination slot games.