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27/02/2020

Penny slots. This is the one game at the casino that everyone from the broke 21 year-old newbie to the veteran 75-year-old grandma can afford and play.

However, even though penny slots are one of the most popular games at any casino, it’s amazing how many people still aren’t sure how and where to play them. Lucky for you, that’s what we’re here for.

Here are 3 key tips to help you take down those penny slots and get the best ROI on your investment.

I play a variety of slots from High Limit to penny slots, so you might see me betting $25,$15,$10,$5$ a spin or more on some slots or low rolling on a penny slot for around $2.00. Some of my videos. Overall, players should enjoy their slot play, but never forget that gambling is gambling—especially on penny slots. Végétarien. A handful of pennies is still a dollar per spin. If you're playing more per spin, you'll bust-out fairly often—and it can happen very quickly.

Max Bet

Always max bet. If you ever think about not max betting, just get up and walk out of the casino. If you’re playing penny slots, the only way you can get a max return on your investment is to wager max bets. You aren’t sure when you’ll spin a winner, but when you eventually do, you’d absolutely hate it if your winnings totaled to a grand 50 cents.

Additionally, many times you’ll get additional spins once you win and a max bet can net you up to 10,000 free spins depending on the casino. You can do a lot of damage in 10,000 spins so just keep the game going as long as you can to give yourself the opportunity to cash in big.

Matching Deposit Bonus

This is very common for online casinos, but it’s becoming more and more prevalent in land-based casinos as well. If a casino offers a free cash bonus, like any sane person, you should jump on this offer (just be sure to read the terms of the bonus, that is always good practice.)

For example, some casinos will offer you a 100% matching bonus, which means if you deposit $200 into the machine, the casino will match and bring your total deposit to $400. The best part about this type of bonus is that you have no choice but to deposit anyway, so this is really a no-lose, best case scenario type of bonus.

Look around and make sure you head to a casino that A) matches up to 100% of your deposit and B) does it more than once. Some casinos will re-top you up on your 2nd deposit as well.

Payout Percentages Are King

Casino 1995 movie virew. In addition to the deposit bonuses, you also want to play at a casino that’s known for its high payout percentage for real money slots players. Think of it this way – you would much rather go to a restaurant with the best food, right? Or you’d rather go see a sports game that features the best teams playing it. This is the exact same concept.

Why go to a casino that pays its slot players less than its competitor? Look around, check online for casino payout percentages, and work your way to the highest one. All of this work needs to be done before you even walk in and pull a lever on a machine, so you pre-assessment is absolutely key to your success. You don’t want to sink your chances of winning before you even get started!

There you have it. Follow these three steps and maybe, just maybe, you’ll be able to cash in on your penny investment and become the godfather of Las Vegas for an entire weekend. If you want to hone your skills, may we suggest playing at Slots of Vegas casino today

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The name “Penny Slot” is something of a misnomer. Most people who don't know better might assume that a penny slot costs a penny to play but that's not the case. For decades, the most popular slot machines in U.S. casinos were nickel slot machines. In the late 1960s, Bally Manufacturing developed an innovative machine called the Money Honey, a penny slot that could be played for up to five coins simultaneously. These multi-line machines that accepted multiple coins per line were a hit with players—despite the fact that they were playing more per pull of the one-armed bandit's handle.

The New Penny Slots Offer Extra at a Price

The new penny slot games offer their fair share of electronic excitement with such features as theme songs from popular game shows and movies, bonus screens, and special mystery payoffs. However, all of these extras come at a cost. The most popular games from the Japanese video conglomerate Konami including 'Race Driver' and 'Beat the Field' require a minimum of 50 coins amounting to a dollar per spin. Several other manufacturers have games with up to 16 lines that require up to 100 coins per spin—totaling a whopping 1,600 pennies.

While slot manufacturer IGT offers a penny version of its popular 'Megabucks' game that can be played for just a few pennies, for the standard 'Megabucks' machine, which is a $1 variety, the player must play three coins per spin, or $3. On the new 'Penny Megabucks,' the player is required to play the maximum of 300 coins per spin, so the price is the same.

The Odds Are With The House

These machines are built to be both fun and addictive. They require a minimum number of coins/lines to qualify for the bonus screens (where the bulk of the payoffs are made). Players must make sure to play enough coins/lines to get the payoff when a bonus hits.

For someone to play a 25-cent video poker game, they'll have to play five coins in order to qualify for a 4,000-coin royal flush. That's $1.25 per spin for a chance to win $1,000. On most penny slots offering payoffs of bronze, silver, and gold, the big payoff is much harder to win than the 45,000-to-1 odds on a video poker game. Plus, the player will likely risk $2.50 to $5 per spin to win it. That adds up.

The Psychology of Small Payoffs

Human beings are creatures of habit and thanks to the lure of instant gratification are prone to gamble. When players consistently receive small payoffs, psychology kicks in. The mind tricks itself into believing, 'Great, I'm winning,' when in reality, the player's initial deposit is usually being frittered away to nothing.

Penny slots have the kind of high hit frequency that ropes players in. As fun and exciting as the promise of winning may be, most of the time, the payoff is actually less than the initial wager on a spin. In other words, the bells and whistles go off on a regular basis but for small payoffs. For example, a player might risk something like 100 coins and only get a payoff of 18 coins.

Penny Slots For Free Online

Play Responsibly

The main issue with gambling in general—and penny slots, in particular—is that as a player, you mustn't forget that your personal bankroll is considerably smaller than that of the casino. Bear in mind that if you budget $200 for a trip to a particular casino where playing a penny slot takes 250 coins per spin, you won't get nearly enough spins to make a dent in the long-odds of hitting a substantial jackpot before your bankroll is exhausted.

Fast Facts: Tips for Newbie Penny Slot Players

2021.03