Players who are fond of slot games can benefit from a wide variety of options in this article about penny slots, as we are about to give you an overview of all you need to know about them. By the end of your reading you will be aware of the history of the game, the pros and cons of penny slot machines, and how to play penny slots online. Enjoy!
The History Of The Game
Before we dive into specifics related to penny slot machines, it is worth checking out how the slot machines were created in the first place. As you can probably guess, it has never been uncommon for casino authorities to constantly strive for introducing more and more new game options as a way of attracting clients.
Still, it was 1895 when the very first penny slot machines were built. It is interesting to mention that due to the extremely high interest in such machines manufacturers needed to collaborate with each other so that they could satisfy the needs of all clients. Even though there were customers from all over the globe, in most cases manufacturers collaborated with companies based in California. However popular slot machines turned out to be in the US in general, none of the famous Las Vegas casinos was initially eager to sponsor them. This particular type of penny slot machines was first introduced in the popular Hotel Flamingo, in spite of which they were only considered to be potentially attractive for female users. Penny slot games gained much more popularity once slot machines became paperless. As you will see later on in this article about playing penny slots online, these machines provide users with the opportunity to benefit from options for multi-lines and to get a good value for their money. Without having to invest high amounts of money (from 0.10 cents to $10), players are capable of reaching high bets as a result of their multi-line feature.
About Penny Slots
Let us begin this section of this article by sharing that the concept of a penny is quite interesting. Since it is the lowest possible denomination of currency, it is basically considered to be worthless. So, it is not surprising that there are debates whether the penny should not be eliminated.
When it comes to penny slots, even the name itself contributes to players being more eager to choose this type of slots instead of quarter slots or nickel slots. However affordable it may seem to play them it is important to inform yourself about the variations of the game before you go for any of them. The reason has to do with the fact that casinos aim at maximizing their profit, so the majority of slot machines recommend that you bet more than a penny per line or to do so on multiple pay lines.
Still, we cannot deny that there is the possibility of wagering 1 penny per line (or per spin if you play at old-fashioned machines with only one pay line). Therefore penny slots come in handy for players who cannot afford a higher bet. Even if in this case your chances of winning a big jackpot decrease significantly, you may still manage to gradually accumulate quite a big amount of money. In addition to this, you can use playing penny slots as an opportunity to learn how to play, as well as to enjoy a remarkable session. Last, but not least contemporary machines are associated with both multiple pay lines and the chance of winning on a more frequent basis compared to earlier variations.
How To Play Penny Slots
Whether we talk about playing penny slots online or playing in a brick-and-mortar casino, there are some points that are important to be highlighted. On the one hand, there are quite a lot of similarities between this type of slots and other alternatives. However, there is no doubt that it is helpful to get familiar with the rules and the regulations in advance so that you know what kind of bets to place. As we already mentioned in the previous sections of this article, penny slots are multi-line games. So, we encourage you to make sure that you play all the available lines in order to increase your chances of winning a higher bet rate. Still, take into consideration that this does not automatically mean that the payout value will increase, as well. It means that you may be able to win more during the bonus rounds.The challenge that goes hand in hand with playing multi-lines has to do with the danger of going overboard if you do not track how many coins you are betting on each line. On the one hand, you need to increase your bets if you happen to be winning. On the other hand, it is important to bet less if you end up losing. However, we keep on coming across players who tend to bet more when they are losing a game and should rather decrease their bets.
The Biggest Mistake Of Penny Slots Players
Before we share with you some practical tips and strategies related to how to play penny slots online (or physically), we would like to summarize the most common mistake. It has to do with the false belief that if since these slots require investing just a penny per spin, there is absolutely no need to worry about potential losses. However, nothing could be further from the truth- losses can and will add up quickly if you do not pay attention.
Having in mind that each of the slot machines takes up part of the limited space, the casinos strive for maximizing the profit. As a result of this, the payout percentage on the lower stakes machines gets lowered. For example, if we have a look at the situation in Las Vegas, the payout percentages are decreased from over 93% to just 75%. This means that if you are betting 1 penny per spin (or $6.00 per hour), you might theoretically be able to get back $4.50 over the period of 1 hour. So, the net loss that can be expected amounts to $1.50 per hour. Even if we these are all theoretical examples, take into consideration that in any case, the result is about to bring more benefit to the casino than to the players. Also, keep in mind that players usually wager more than 1 penny per spin, it is not uncommon to place the max bet of 5 cents per line. And if we talk about a multi-pay line machine with nine lines, then the associated cost per spin equals 45 cents or $270 per hour. If you happen to use the same strategy, do not wonder when you end up losing $67.50 per hour. After all the payout percentage is up to 75%, remember?
Based on all we shared about playing penny slots online, it seems vital to look for another approach instead of falling for the psychological tricks. What we can encourage you to do is to start by making two important decisions. The first one refers to how long you are willing to play whereas the second one includes estimating the maximum size of the potential loss you can afford. Naturally enough you need to take into account the respective payout percentage offered by the casino you will join. As we said, the lowest percentage will amount to 75%. Still, most reputable casinos offer minimum 85%.
How To Maximize Your Chances Of Winning
When it comes to tips on how to minimize your winnings and maximize your profits, you need to be careful. In fact, most of them contradict each other. For example, we already encouraged you to decrease your wagers if you happen to be losing. However, there are players which do not agree with this strategy following the logic that each spin of the reels is an independent event. If this is so, it makes no difference whether you have won or lost the previous times. Another myth related to playing penny slots online has to do with the assumption that there are cold and hot slot machines.
Even if some tips are contradictory, we cannot deny that there are also valuable pieces of information. For instance, we consider it beneficial to first choose how much money you can afford losing in a gambling session and then start playing. On the one hand, playing penny slots is a negative expectation game. On the other hand, this strategy comes in handy for treating your budget as an entertainment expense.
Even though we will not go into further details in this article, it is worth knowing which some of the best casinos are when it comes to playing penny slots. We consider the following three suggestions to be great options for anyone looking for a qualitative user experience: EU Casino, Mega Casino, and Slots Magic Casino. If you ask yourself which the best paying penny slots games are, take the following titles into account: Cleopatra, Wheel of Fortune, Penny Megabucks, as well as Reel Series.
Further Tips About Placing Bets And Game Strategy
Having in mind how popular penny slot machines have become in the recent decades it is not surprising that now they are compatible with any type of mobile devices. In this way, you can enjoy playing from the comfort of your home or wherever you happen to be at a particular point in time. The more you bet, the higher winnings you can hope for. You can also increase your chances of winning by playing the maximum amount of lines. In addition to this, wagering higher amounts of money is what can eventually trigger a bonus round. Still, do not forget the recommendation to consider decreasing the bets if you happen to be losing. All in all, in spite of the fact that playing penny slots might initially appear to be complicated, there not so many differences between this type of slots games and other variations regarding the operation.
In this section of our article, it is worth saying a few words about hit rate and game symbols. As far as today’s slots are concerned, players can benefit from a wide range of special symbols and winning combinations. Some of the symbols we have in mind include bonus, scatters and wilds.
- What wilds do is replacing one (or more) standard symbols so that you can increase your chances of creating a winning combination.
- When it comes to scatters, they can provide you with free spins and help you trigger a bonus round assuming that minimum three scatters manage to land anywhere on the reels.
- Last, but not least bonus symbols are also associated with enjoying greater chances of winning, as well as bonus features. And what you need so that you can qualify for a jackpot is five identical symbols.
Now that we checked the game symbols that play a role it is time to clarify what the difference is between hit rate and payback. While the payback is considered to be the percentage you might be able to receive back after playing for quite a long time, the hit rate represents how many spins you will need to make approximately in order to end up getting an award.
New Penny Slots, Biggest Progressive Jackpot And The Battleship Slot Game
New slot machines emerge constantly and penny slots are a good example for this. Anyone who is fond of the popular Dollar slot game Megabucks will be delighted to know that International Game Technology (IGT) is in the process of developing a penny version of the game. As a result of this players are now capable of competing for jackpots amounting to millions of dollars without having to invest more than a few pennies.
When it comes to the largest progressive available when playing on the penny slot machines of IGT, it equals $18,799,414. The 66-year-old man who succeeded in winning $8 million of it said that he tried penny slots for the very first time when he ended up winning.
The Battleship slot game by WMS is another slot game worth being taken into consideration.T It is basically a slot version of a typical board game with a lot of additional rewards and bonus features. So, you can take part in a communal bonus round as long as you trigger the bonuses. What is really exciting about the Battleship slot game, has to do with the fact that it is a community game. This basically means that teams compete against each other. What is more, two other aspects deserve recognition: the sensory immersion technology and the unique design of the game.
In addition to the two video reels, the game consists of two mechanical transmissive reels and three bonus features, too. These bonuses are Bomber’s Run, Find Conquer and Free Spin Victory. On top of that, four Battleship based themes go hand in hand with unique bonus rounds: the Commanding Officer, the Periscope Pays, the Brigade and the Grand Armada. If you play the 5-reel video theme the Commanding Officer, you will be able to benefit from bonuses similar to the ones associated with the original board game. On the other hand, the 5-reel video theme Periscope Pays, as well as the other two alternatives will enable you to win free spins. What players appreciate a lot about the battleship slot game has to do with the opportunity to play in teams and the fact that it combines both the advantages of the slot format with the attractiveness of the classic board games.
At the end of this article, it is worth summing up once again the main highlights. First, we had a look at the history behind penny slot machines and how this slots variation managed to gain such popularity among players. Then we took into consideration what kind of specifics are associated with playing penny slots online, as well as the biggest mistake worth avoiding if you strive for maximizing your chances of winning. And last, but not least we also presented some useful tips and information related to creating a strategy, placing bets, as well as the newest and most attractive slots.
We hope that our article provided you with the answers to all your questions related to penny slots and we also wish you all the best on your playing journey.