Penny slots are simply defined as slot machines that can be played at 1 cent per line although have evolved to often require a minimum number of lines that must be played per spin. Instead of costing the minimum you’d expect, as we would have seen in the past, players will be wagering 25c, 40c or 50c per spin.

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How do penny slots work?

Penny slots work almost exactly as you’d imagine – you pop a penny into the slot, pull the lever (or press the button) and the reels will spin. Make the correct combination of symbols and you’ll win a prize – simple right?

But go into any casino or play any online slot and it won’t take long to realize that it’s far from the truth. In the majority of casinos, you’ll find that you can’t get away with 1c in the penny slot section, shocking, I know.

Instead, you’ll find yourself having to wager 50 or 100 credits on the pennies so you’re still betting a dollar a spin. Sneaky.

The payline problem

The confusion with penny slots comes with the paylines and how they have evolved from the very first slots.

Where once there would be a single payline in which three matching symbols across the reels would allow for a prize, we now see several different paylines available in the slot.

From zigzags to trapeziums, there’s plenty of different paylines that you’ll be able to win with, all of which can be found in the paytable alongside how much you’ll win by bagging them.

So instead of a single simple play, you’ll be offered to wager on all available paylines, often with multiple credits on each line. A typical slot machine nowadays will include between 25 and 30 paylines per slot and if you’re wanting to win the biggest jackpots, you’re going to have to wager on the lot of them.

The paylines dictate the different prizes, bonuses, free spins and multipliers and must span the length of the reels so it’s vital to the game that they’re up to scratch, so it’s one of the first areas that designers consider when building a new game.

Depending on where you’re playing and what the machine allows, you might be able to choose the number of paylines that you’re wagering per spin (free slots) or be confined to the predefined setting on the machine (fixed). Regardless, it’s important to go ahead and check what you’re actually betting…

What you’re actually betting

So we now know that you’re not actually going to be betting 1c at a time, but really, why would you?

For a casino, taking 1c bets is a terrible business model and for a player, that’s not exactly going to be super stimulating. It might be a blessing in disguise that the limits for the penny slots are a little higher – although a name change wouldn’t go amiss.

Typically, you’ll be betting on every line for at least a single credit, instead of a single payline for a dollar like you may expect. For example, if you’re betting 5 credits a line on 20 lines in a 5 reel slot you’ll be wagering 100 credits (or $1.00) per spin.

You’re not betting a penny, but it’s much more interesting.

Not all slots require to you bet the maximum. Brick and mortar casinos might be difficult when it comes to finding cheaper slots, but head online and you’ll see plenty of minimum spins sitting at 25 (for 5 cents) so you can pop a penny on each payline without worry.

Shop around and you’ll have no problem finding slots with low minimum wagers.

Differences between penny slots and free slots

When it comes to defining free slot machines, you’ll get mixed messages depending on who you ask, simply because it can mean one of two things.

Free to play slots

The first definition is the one that most of us think of when something’s free – as in they’re free to play slot machines. That means that there’s no real money on the line and, more than likely, no real money to win.

Granted there’s the odd exception to the rule with free slot spins available when playing penny stocks as well as being available in several new player bonuses – but you’ll rarely get something for nothing.

You can play free slots all over the web and with a variety of applications for mobile and tablet.

Free vs. fixed slots

Not the free slot you were thinking? The other form can be identified with its ability to choose the number of paylines that you’d like to run with during a game – the number of paylines chosen is ‘free’.

The opposite of this is where the number of paylines is fixed, meaning that you can’t change the number and must play the listed paylines.

When playing in most brick-and-mortar casinos, you’ll find the majority of penny slots take the fixed approach, letting you wager $1, $2 or $3 etc. at a time, depending on the machine.

However, when playing online you’re often free to set the exact number of paylines that you’d like for the spins that follow.

Unfortunately, you do have to pay for these though, although you’ll be getting much more control over your wagering.

Penny slots mistakes

Penny slots may seem pretty simple to understand and play, it’s one of the biggest reasons that they’re so popular, but that doesn’t mean that the machines don’t see their fair share of mistakes each and every day.

By making sure that you’re on top of the information, familiar with the terms and conditions and informed on strategy, you can make sure you’re not making any rookie mistakes when playing penny slots.

Ignoring bankroll management

By far the biggest mistake that we see with players on the penny slots is the total neglect of bankroll management during play.

They’re called ‘penny’ slots for a reason and it’s not because of their low-cost, low-risk nature, but as a marketing technique to make players think that they’re barely wagering.

If you’re going to fall for it and keep on putting pennies into the machine, that’s mistake number 1.

Sweet bonanza free slots slot machine. Instead of ignoring how much you’re putting into the machines you should manage your bankroll to know when enough is enough.

By taking out and setting aside a certain amount of money purely for gambling you can be sure that you’re not delving into your funds that are needed for more important things.

You can use your gambling money on rent, but don’t use your rent money for gambling.

Failing to find the slots’ return to player (RTP)

The slots return to player (RTP) is the figure telling you, the player, how much of a percentage you should expect back in the long run for each wager.

Of course, the figure you’ll find is an average so you won’t be bang on the money each time, but it’s a good ballpark figure to know before taking a seat at the slots.

You should look for those with the highest RTP (100% is the maximum, but you’ll never find one with the value) for the best returns whilst you’re playing.

If you’re going to gamble, you might as well do it with the best odds, right?

Only playing the big-time progressive jackpots

With the big-time progressive jackpots showing

Understanding Penny Slots