No matter what your budget is, you should rest assure that you can find slot machines that suit your pocket – the dollar slots. This is one very popular example how you can try your luck at slots, where you need only a dollar to get started. When it comes to online gambling, finding slot machines with the highest paybacks makes a lot of sense, and the easiest way to increase your winnings is to play games with the highest amount of money that you can afford. This is because when playing lower denomination slots you have to settle for lower payouts. So if you want to win more, but you are tired of quarter slots and 5$ slots are too much for you, than dollar slot machines are the perfect choice for you.
You should bear in mind that if you want to take advantage of the desired payout percentages you need to wager more per spin. Many slot machines have the opportunity to bet multiple coins on multiple lines, resulting in a payment significantly more than a 1$. So be careful not to insert a large amount of money like 100$ on a dollar slot machine and go for the max bet. First, check if the max bet for the particular machine does not exceed your limits. The bigger the jackpot, the more of an edge the slot machine has over you. So, sometimes you might find it better to stick to quarter games to have enough money to pay for the max.
Dollar Versus Penny Slot Machines
One thing that is very common for penny slots is that you have the chance to win multiple progressive jackpots, but to do that you have to go with the maximum bet. In the end, you will find yourself wagering $1 or $1.50 per spin, but the expected payout value will be lower than on dollar slot games. If you choose to play with lower than the max bet, then do not anticipate more than 20$ awards.
The better idea is to pick a classic 3-reel slot game with a single pay line at a dollar a spin. This way you will increase your chances tremendously and even win a juicy jackpot that goes up to $1000 and more.
Popular Dollar Slots
The game that tops the list of most popular dollar slots is called Wheel of Fortune. It is a progressive slot machine game that offers a spectacular jackpot of over $1 million. The game is patterned after the popular game show with leading roles starred by Vanna White and Pat Sajak. Wheel of Fortune has been manufactured by IGT (International Game Technologies), which is one of the leading slot machine producers worldwide. It is worth mentioning that you must bet the max, 3 coins on each spin, to be able to play for the wheel spin.
Other beloved online dollar slots are Fruit Mania, Major Millions, and Cash Splash. All being part of the Microgaming suite of games. Unfortunately, if you are currently located in the United States, you will ot be able to play them as they are not available and don`t accept real money from residents of the country.
From the three Microgaming games mentioned above, Major Million is probably the most popular. The 3-reel classic slot game has 3 pay lines, but the jackpot can only be won by spinning three wild symbols on the third pay line. The coin size is fixed at $1 so that means that you must wager $3 per spin. The game is available for multiplayer, but it does not offer any bonus games. It resembles very much to Megabucks but can be played only on Microgaming powered online casinos.
You can also find Fruit Mania, but not the one offered by Microgaming. The names are identical, but this dollar slot is manufactured by Slotland and differ from each other a lot. The best thing about it is that it can be played without the need to download it. The game offers a progressive jackpot, 5-reel, and 15 lines. Bear in mind, that the game does not accept real money from residents of the US. Also, you need to know that it is available in multiple denominations up to $4. Be careful when playing, because the maximum bet here is $60 per spin.
Last but not least, is a game from Win a Day Casino named Jackpot Jinni. The game has 5-reels and 18 pay lines with a maximum bet of 1$. This means that per spin you will be wagering 18$. Likewise, Fruit Mania, no download is required, and again it is not available for playing in the United States.
What is the Price of Dollar Slots?
When it comes to slot machines, strategy boils down to very good bankroll management. A great strategy is to calculate the anticipated average hourly loss at the game you want to play. To do that, you need to multiply the total bets you hourly make by the average amount per bet. Finally, multiply the sum you get by the venue`s edge. To illustrate this with an example, imagine that you play a game with 600 spins per hour and multiple it by $3 to define your average hourly wager (Supposed that the game you have chosen is a dollar slot with 3 pay lines and you are going for the max bet per spin). In this case, you will be playing with a $1800 per hour.
You probably will not know the house edge for certain for any specific game, so we recommend looking at Strictly Slots magazine or Casino Player magazine beforehand. They will provide you with a large selection of venues where you can check their average payout percentage. After that, subtract it from 100%, and you will end up with the house edge.
If you are heading off to Los Angelis, then you should know that the average payback percentage for dollar slots is approximately 95%. Not sure what this means? For every 100$ you wager, the likely loss will be 5$. So, if you are gambling with 1800$ hourly, then this makes a 90$ per hour loss.
Be sure to plan your budget on your next gambling visit. Calculate the amount of money that you are ready to lose and make a comparison to the time you would like to spend gaming. If you make a weekend trip and pass 8 hours of playing dollar slots, then it is best to take approximately 800$ with you. Clearly, there is a chance that you win decent prizes that you can put into more hours of playing or quit your game while you are still successful and enjoy your money.