This page is all about addressing your questions regarding penny slot machines. If you don’t see your question addressed here? Send me an email and I’ll do my best to get you an answer within 48 hours.
Yes, people win everyday playing penny slots. However, like other casino games the odds are always in favor of the casino. Therefore, you shouldn’t plan on winning at slots in the long run. That doesn’t mean you shouldn’t play penny slots though. Even though statistically, players who play slot machines long enough will lose, in the short term players can (and do) hit jackpots and huge bonuses.
You also get rewarded by the casino (land-based and online) for playing penny slots. You should always take advantage of benefits like free slots money, hotel stays, and VIP programs. These will help you regain much of the edge the house has.
Penny slots are a relatively inexpensive form of entertainment. So, if you enjoy them, keep playing. If you leave the casino a winner, all the better.
Hardcore gamblers looking for an edge should learn games like blackjack, craps, and poker.
How much you win on penny slot machines depends a lot on things like, the machine you’re playing, the number of lines you’re playing per spin, and any bonus features or jackpots the machine has.
The best penny slots strategy is to play the maximum lines available, which increases your hit frequency. Betting just one cent per line, you’re not likely to hit any huge wins. Jackpots and bonus rounds pay in multiples of your bet, so a 10,000 coin jackpot will pay just $100 for a penny per line bet.
On the other hand, you’re losing less per spin than say a $0.25 machine where you have to play 3 coins ($0.75) for the jackpot.
The one exception I’ve found are the online penny slots with random progressive jackpots at RTG casinos like Cherry Red Casino, Slots Oasis, and Rushmore Casino. These jackpots are thousands of dollars and are awarded at random to players regardless of the per-line bet! That means you can play penny slots with bonus rounds, free spins, and have a chance at a large jackpot for just $0.20 per spin.
A common mistake players make is confusing payback with frequency or hitrate. Payback is the overall percentage that a machine will return to a player over the long run. Since casinos (online and land-based) don’t make that information public, there’s no way to determine a penny slot machine’s (or other slot’s) payback percentage. Frequency (or hitrate) is a percentage of spins it takes for a machine to return something to a player.
Generally, larger denomination machines with a single line give players larger wins, but have a smaller hitrate. With penny slots, the more lines you play, the higher your frequency of wins will be.
While there’s no way to time the payoff on any slot machine, penny slots tend to payoff more frequently than traditional three reel slots. To increase your odds of winning you should make it a point to play the maximum number of lines available.
Depending on who you ask, you’re likely to get any number of responses to the question “which penny slot is the best?”. I enjoy most IGT penny slots such as Wheel of Fortune, Price is Right, Ebay, Penny Megabucks, Cleopatra, and others.
At online casinos, I love the Reel Series penny slot machines at Cherry Red Casino. Mainly because of the random progressive jackpots that anyone can win (no matter how much you bet). But also because they have great graphics, an autoplay feature, and are a lot of fun all-the-way around.
In February of 2007 a Nevada man won $18,799,414 playing Penny Megabucks at the Pahrump Nugget. Nearly Four years later, this remains the most money ever won on a penny slot machine.
For the most part online penny slots are safe, yes. It all depends on where you choose to play. That’s why it’s so important to research before signing up at the first online casino you find. I created this site to be a trusted resource for penny slots players. I will never send you to a casino that I haven’t reviewed and verified personally.
Actually, they are better! Here are a couple of reasons why online slots are better than live ones.
1. Since online casinos don’t have the same costs as live casinos, they offer better payback percentages to the players 2. Because of all the competition online casinos face, they offer great deposit bonuses for slot players 3. You can play in your pajamas (without getting funny looks)
Sure, you can! All of the best online casinos give you the option to play their games for free before you make a deposit. This is actually another reason why online penny slots are better than live ones. Where else can you try a penny slot machine before you put money in?
Casino slots guide, reviews, tips & strategy