What is Penny Slot Machines?
Penny slot machines are slot machines that allow players to bet as little as one penny per line. These machines typically have multiple paylines, and players can choose how many paylines they want to bet on for each spin.
Penny slots have become popular in casinos because they allow players to place small bets and still have the opportunity to win big payouts. While the bets are small, the potential payouts can be large, especially if a player hits a jackpot or a bonus round.
Penny slot machines can be found in both land-based and online casinos. They often feature popular themes, such as TV shows, movies, and celebrities, and can have different gameplay features such as bonus rounds, free spins, and wild symbols.
The History & Mechanics of Penny Slots
From the invention of the 1st mechanical slot over a century ago to the advent of computerized slot machines, the technology behind slots has evolved to modern day online slots that rely on algorithmic Random Number Generators (RNG). Video slots playable online from desktop or mobile device are the most recent addition to the slots category of casino games.
Modern day slot machines found in brick-and-mortar casinos are designed to take pennies, quarters and dollars. Best Online Casinos Canada offer similar options with minimum bets of 1p, 25p, 50p and £1 quite commonly seen. Penny slots offering a minimum bet of 1p often have adjustable paylines allowing players to choose from a much more flexible and affordable range of bet options. To select a minimum bet of 1p, players must activate only 1 payline. If that option is chosen, while the wager will be extremely low, you will essentially get what you pay for as there is only 1 way to win. Even if a slot allows players to select up to 25 paylines at once, a penny per line would affordably cost 25p per spin with all lines activated.
Common Pitfalls While Playing Penny Slot Machines
The word ‘penny’ can sound deceptively safe and risk-free. However, it is important to keep in mind that even if a wager only costs 1p, 5p or even 10p, consecutive wagers can be made with intervals lasting only seconds long. 100 spins can go by in minutes. Depending on a slot’s design and game speed options, it is certainly possible to spend money quickly. Always set a budget before starting a slot session and then stick to it.
Another thing to consider, particularly when playing Progressive Jackpot penny slots, is that some are designed to not award a Jackpot unless the maximum bet is wagered. Always read the game rules before you begin playing to be certain.
How Much Do You Have To Wager On Penny Slots?
Penny slots allow players to bet as little as one penny per line, but the amount you have to wager depends on the number of paylines you choose to activate for each spin.
For example, if a penny slot has 20 paylines, and you choose to activate all 20 paylines, the minimum bet would be 20 cents per spin (1 penny x 20 paylines). However, you can choose to activate fewer paylines if you prefer, and the minimum bet would be adjusted accordingly.
It's worth noting that while penny slots allow players to place small bets, the potential payouts can still be significant, especially if a player hits a jackpot or a bonus round. Additionally, some penny slot machines may have minimum bet requirements to be eligible for certain bonus features or progressive jackpots, so it's always a good idea to check the game rules before playing.
How to Win More When Playing Penny Slots?
Winning at penny slots is largely a matter of luck, as these games are based on random number generators that ensure each spin is independent of the previous one. However, here are a few tips that may help you maximize your chances of winning:
- Bet on all paylines: To increase your chances of winning, it's a good idea to activate all paylines on the machine, even if you bet just one penny per line. This will give you more opportunities to hit winning combinations.
- Look for bonus features: Many penny slots offer bonus features such as free spins or bonus rounds, which can significantly increase your winnings. Look for machines with these features and make sure you understand how they work before you start playing.
- Manage your bankroll: Set a budget for your penny slot play and stick to it. Don't chase losses by betting more than you can afford, and don't increase your bets in the hope of hitting a big win.
- Choose your machine wisely: Look for penny slots with a high payout percentage, which indicates the percentage of wagers that are returned to players over time. Some machines may have a higher payout percentage than others, so do your research before you start playing.
- Take advantage of promotions and bonuses: Many casinos offer promotions and bonuses that can give you extra money to play with. Look for these offers and take advantage of them, but be sure to read the terms and conditions carefully to understand any wagering requirements or restrictions.
Millionaire Making Penny Slots
Mega Moolah is not only the Guinness world record holder for the largest Progressive Jackpot payout in the category of online slots, but it also allows its 4 Progressive Jackpots to be won off of any bet selection. In other words, a Jackpot can be won with a bet costing only pennies! In fact, the lucky player who won the record of £13.2 million wagered only a 25p bet which is incredible! The largest of the 4 Progressive Jackpots, the Mega Jackpot, starts at £1 million. This penny slot is easily one of the most popular online video slots ever created. It has an RTP of 94%, a low volatility and the chance to win a Jackpot off a minimum bet.
Mega Fortune is also a Guinness world record holder for the second-largest Progressive Jackpot payout in the amount of €17.8 million. It offers an RTP of 96,6% and the chance to win 1 of 3 Progressive Jackpots via a Wheel of Fortune Bonus Game.
Popular Penny Slots that Pay Big Without Making You Spend Big
Hell Boy is a Microgaming slot based off of popular Dark Horse Comics superhero. It offers an RTP of 95,5% and the chance to win up to 100,000 coins. A substantial coin prize can be won via the Underworld Bonus which can randomly activate even when only a minimum bet of 1p is selected.
Hugo is a Play’n GO slot based on the popular computer game character Hugo the troll. This slot has an RTP of 96,4% and the chance to activate either Free Spins or the Bonus Game even when the minimum bet of 1p (1 line active) is selected. Win up to 500x the bet in a single round.
However, here are a few most popular penny slots:
- Wheel of Fortune: This is a classic slot game with a penny version that has been popular for many years.
- Buffalo: This is another classic slot game that has a penny version that is popular in many casinos.
- Cleopatra: This Egyptian-themed slot game has a penny version that has been popular for many years.
- Quick Hit: This is a popular series of slot games with a penny version that is often played in casinos.
- Zeus: This Greek mythology-themed slot game has a penny version that is popular in many casinos.
It's important to note that popularity can vary by region and casino, and new penny slot games are frequently released.
