Let’s look at Penny Slots and determine whether they’re a good call when it comes to online slots. The only difference between penny slots and regular online slots is the minimum wager allowed to spin the reels: penny slots, as the name suggests, are slot machines you can play for pennies.
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Are Penny Slots Worth Playing?
Playing Penny Slots allows players to wager lesser amounts of money compared to regular slot machines, consequently usually playing for smaller jackpots and more modest wins. However, this does not mean that Penny Slots are not worth playing as they do give players the same chances to win proportionally to what they wager for each spin.
Online casinos have started offering penny slots as a way to satisfy players who do not want to bet large sums and would rather set smaller limits to their wagering strategies.
What is the Lowest Wager Allowed?
As the name suggest, you can play for as little as a penny on most penny slots. This does not mean that you must play as little as that, as you can always play for more if you want the chance to win more, but if you’re playing penny slots you’re likely to be looking for low rollers options, otherwise you could be playing any slot.
What Different Types of Penny Slots Are There?
You can find all kinds of Penny Slots. As mentioned, the only difference between Penny and regular slot machines is the minimum wager for a spin. You can even find progressive jackpot penny slots allowing winnings to accumulate every time a player hits a winning combination. Progressive penny slots, as is the case with regular progressive jackpot slots, offer the highest payouts of all.
Mobile Penny Slots
As with all online casinos and different games, you can find options available on your phone or tablet, as well as desktop and browser only options. Check our vast catalog of online casino reviews and pick one you deem interesting for its games selection, bonus codes, welcome bonuses, free spins and free games; look at its library to see if it offers penny slots or not, and see whether or not they have more playing modes other than standard browser gaming.
Entry Level Slots
We might look at penny slots as a great entry level alternative for inexperienced players who have already tried playing for free with free games and demo options and now want to move forward, without yet having to wager large bets on regular online casino slot machines. Playing on penny slots is a great way to find a solution halfway through and still get a chance to win real money while playing on real slot machines, without risking too much of your budget.
Don’t Underestimate Penny Slots
Even if you are playing with penny slots, always remember to set limits to the money you are willing to spend in a single session, a single day, a week or even a month. Sure, you’re likely to burn through your funds a lot slower, even if you do hit a losing streak, but you should always play responsibly and set limits you religiously stick to in order not to lose control of your finances.
Always remember that running out of chips is not only dangerous, but also the worst way to play, as it gives you no further chance to win money, having finished your funds. You should always play responsibly and pace yourself for a positive gaming experience and management of your funds.
How to Win?
Penny Slots are no different from regular slot machines. Here’s what you should be looking for in order to maximize your chances of winning.
Proven Fair
Make sure the online casino on which you’re playing is provably fair, meaning you have a certified demonstration that all its slot machines and games run on an algorithm giving you a fair probability of winning according to the industry standards and regulations.
Not all casinos will allow you to look at that, so check out our huge list of online casinos and slots reviews in order to find one that does.
Return to Player (RTP) Rate
How much of what is being played actually goes back to the players who have wagered the money? Some slot machines have an RTP rate as high as 96%. Those are the best slot machines on which you have the most possibilities of actually winning. Check out our reviews and look at different online casinos to find slot machines with the highest RTP rate.
Highest Jackpots and Most Winning Combinations
Playing for pennies doesn’t necessarily mean you have to play on slot machines with fewer winning combinations and excessively low jackpots. Always play on slots that give you more than a few winning combinations to maximize your probabilities of striking one, and play on penny slots that, despite the very low wager requirements, give you a chance to hit a decent jackpot.
Don’t Be Stubborn
Each spin is a game of its own. Don’t think you’re about to win just because you’ve been losing for so long: having hit a losing streak does not mean there’s a higher probability of winning. The slot is never “loaded” because of all the money you’ve been pouring into it, and probability of winning is a thing of its own each time you spin. It’s like the lotto: there’s no such thing as “this number hasn’t been called for so long it has to come out”. Each spin is a world of its own. If you’re on a losing streak, it does not mean you’re about to win. it just means it’s a bad day.
Try Free Games First and Claim Bonus Codes
Always get acquainted with a new online casino or a new slot machine by playing a few rounds of demo options and free games. Do not jump into it just because “it’s a penny slot” and “the wager is so low anyway”. When you are ready to play real money and try to win real money, always check if the online casino of your choice has valid bonus codes you can claim for free spins, free games, free chips or percentage bonuses based on your deposits. Also, make sure the wager requirements are convenient for you and always abide to them in order to unlock your bonus money and have a chance to cash out your winnings by withdrawing your funds.
Avoid Branded Slots
Branded Slots are expensive for online casinos. If you’re playing on a slot machine powered by a big band, a movie company, a videogame or an actual brand, you know it is going to give you the worst winning odds. That’s just math: the casino is paying for that brand, and the money has to come out from the slot itself, meaning its RTP will definitely be worse than the RTP of a non-branded slot. Don’t let your favorite movie or theme convince you to play on a slot that is bound to be a losing streak for you.
Play on Legitimate Casinos with Great Software and Customer Support
Check out our reviews to find online casinos that will give you a fair chance to win some real money, while playing on reliable and enjoyable software, and always with the chance to reach out to customer support should any problem arise.
It’s important to read reviews before committing to a specific gaming website in order to pick one that is in line with your expectations and with the standards set by the industry and the laws in relation to online gaming. You can find plenty of legitimate online slots and casinos just by taking a quick look and browsing through some of our reviews.