Playing penny slot machines with lots of lines doesn’t have to comparatively be so expensive either. Instead, you can choose games with lower volatility that increase your hit frequency, or the odds of winning with each individual payline. Doing so boosts the chances that you’ll net frequent wins and better sustain your bankroll. Tips for Beating Penny Slot Machines Manage your money wisely. Always decide in advance how much money you are willing wager in a given session. Look for penny slots with the highest payouts. In land-based casinos you should look for signs that advertise a high. Understand the machine.
When you first hear the words “penny slots”, you immediately think of classic slots and penny slot machines in land-based casinos. Online penny slots got their name because players could bet as low as one penny per spin. This way you could play for a long time without investing a big chunk of money in the slot.
Modern penny slots are online slots that allow low stakes and thus are more affordable from an initial investment point of view. So the penny slots are ideal for Canadian players who are only starting out and don’t want to take too many risks.
If you find yourself in this category, feel free to play some penny slots and give them a try for real money when you feel comfortable.
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How to play Penny Slot Games
Penny slots are slot machines that can be played for low stakes. This way you can play one penny per pay line and you won’t take any big risks.
The playing process is virtually the same as if you played any other slot games, only the stakes are different. Depending on the type of slot, you’ll have to choose a stake and a level and push the Spin button.
Tips to help you win big on penny slots
Many gamblers associate penny slots with ‘low risk and low reward’ gameplay. We don’t mean to be crude, but those gamblers are completely wrong. Employ the right strategy while hitting up the low stake games and you can keep your risk minimal while increasing your chances of a big pay-out.
Of course, not every penny slot strategy that is printed on the internet is a good one. Some are fact and some are fiction, so thankfully for you, we are here to share three simple tips which should increase your chances of winning big.
1. Get a game with a progressive jackpot
Not every penny slot game is created equally! Whether online or offline, it’s important to have your wits about you when choosing a low stake slot machine.
A key question you should be wary of when picking your game is “does this penny slot have a progressive jackpot?” If the answer is “no”, then move on – you are reducing the ways you can win – find a game with a progressive jackpot that will continue to grow while you’re playing. That way you have an extra chance of turning your pennies into a fortune.
2. Multiple types of bonuses are your friend
There are certain games that have free spins, special bonuses and hidden rounds built into them. Surely logic insists that these games are the ones to go for when picking a free penny slot; they’ll be more fun and you have more variety in your gameplay too. Also, free extra spins translate to extra chances to win big.
3. Betting maximum lines is the answer
There are many bonus features that will only be activated if you are betting the maximum bet and the good news is that on a penny slot, the maximum bet will be a relatively low cost to you. Obviously, you may spend a little more than you initially planned, but you’re also giving yourself a chance to win a lot more!
Best Penny Slot Machines
If you play in land-based casinos in Canada, the UK or any other country, there are probably some penny slots still left. Most of them have jackpots attached and that’s the main reason why many players still play them. The first thing that comes to mind is some old granny with a bucket full of pennies playing the one-arm bandits. Modern video slot games require bigger bets because of the bigger number of pay lines. The bets will be bigger but the payouts will also be bigger in return.
There are a lot of great free penny slot machines online which you can try, regardless if you want to play with one pay line or with all pay lines active. One of the most popular slots by Microgaming is Break Da Bank Again. This is a simple 9 pay line slot which you can try with one pay line active. If one gets lucky, he/she can still win big in the bonus round thanks to the x25 multiplier.
How To Play Online Slots
Net Entertainment also has this game in their offer by the name of Reel Steel. The slot has the same features and the same payouts. If you want you can try out these two penny slots and see which one you like more. Even with one penny per spin, you can still win big in the bonus round.
Penny Slots FAQ
How do penny slots work?
Penny slots – slot machines with denominations from 1 cent (“penny”) all the way up to $100.00 or more per credit. They are the best way to play for a longer time. You’ll have greater chances of scoring that enormous progressive jackpot.
What penny slots pay the most?
How To Play Slot Games
There are two types of penny slot machines: progressive and non-progressive slots. Progressive slots offer the highest prizes in the online casino world. Non-progressive penny slot machines offer more odds for winning, but fewer prizes & bonuses.
How to play & win penny slot machines?
- Choose your machine carefully
- Play on slot machines that have a progressive jackpot
- Penny slot machines offer a lot of bonuses – use them to win
- Know your limit – it’s pretty easy to play more and more, but you have to remember the strategy
- Enjoy the game – the only right way to win
What games are more popular?
You can chat, interact and play with other players which is a great bonus that has made online slot machines popular. Or you can read the professional review for Canadian players of the best penny slots on SlotsAdviser and choose which is really fit your strategy and you like the most.
Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.
Understanding average payout
When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)
Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!
How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!
The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)
Implementing a simple strategy for slots
Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.
Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!
Choosing among nickel, quarter, and dollar machines
The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.
Deciding how many coins to play at a time
When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.
For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.
The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!
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