About Penny Slots
Playing slot machines is fun, but can also get expensive. Betting $5 or even $1 a spin is far too great a gamble for many people. Fortunately, penny slots are here to provide a solution. While they may not offer the best odds in the casino, penny slots are a great way to extend your playtime and get the most bang for your gambling dollar. They also provide a multitude of play options and variations to keep your casino experience fresh and exciting.
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Denomination
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The defining feature of a penny slot machine is, of course, that each denomination credit is one cent. This means you could bet as little as a penny on each spin. You'll be able to bet several hundred credits at once though, so you could be betting as much as a few dollars a spin if you're betting max. The downside is that, since each credit is one penny, winning a jackpot of thousands of credits will only result in a payout of a few tens of dollars.
Benefits
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Playing a penny at a time will be the cheapest bet in the casino. Even if you're not a high roller playing hundreds of dollars, you'll be able to play thousands of credits though a slot machine for a small amount of investment. This has the added benefit of extending your play time, which means you'll get more entertainment for your gambling dollar while having a longer time in which to hit the big one.
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Drawbacks
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Hitting the big one on a penny machine likely means you'll win between $100 and $500. This is significantly less than on other denomination machines. It can also be harder to win a large jackpot on a penny machine. Since you'll need to bet a larger number of credits to win a large jackpot amount than on slot machines of a higher denomination, you're forced to bet more in order to see any substantial winnings.
Penny Odds
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In general, games with higher denominations have better payback percentages. Pennies, of course, are as low as you can go, so they will also tend to have the lowest payback of any games in the casino. This is slightly offset by the long durations you can spend playing them because they're cheaper to play. This makes a large jackpot more likely over the long run. Even so, the payback and odds will be significantly less than higher denominations.
Expert Insight
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Almost all penny games are also muli-line games. In order to have the best hit frequency, and therefore the highest payback, be sure to always bet all the lines. In addition, if the game is a progressive game be sure to bet max. Penny games are very frequently progressives, and many have multi-level progressives depending on how much you bet. Always pay close attention to the paytable and make sure you're not missing out on a great penny jackpot by not betting enough!
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References
- Photo Credit pennies image by studio vision1 from Fotolia.com
