Penny Slots – Low Bets and High Payouts
Abie | January 4, 2022 | Updated on: September 4th, 2023
Recently updated on January 4th, 2022
If you are looking for slot games that have low wagers with possible high payouts, penny slots are what you are looking for. These penny slots for real money offer you the option to make a minimum bet of $0.01 for a payline. This means that you can get any kind of slot game as long as it offers a very small bet.
Penny slot machines come in different themes with various bonus features and several paylines. Discover the below from our best penny slots guide:
- Penny Slots Wagers
- How To Play Penny Slots
- Penny Slot Payouts
- How to Win Penny Slot Machines
- Top 10 Penny Slot Games
Play Penny Slots Online
Penny Slot Machine Wagers
Many players would assume that you can only bet one cent for each gameplay on penny slot machines. However, the minimum value for spins can be 50 or 100 credits which means you will be betting $1 per spin. This means that the unit of credits is worth a penny. Most players will be prompted to bet all the paylines, which will cost multiple credits for each payline.
For example, if you are wagering five credits for each line on five reels and 25 payline game, you will be betting 100 credits on each spin. This means that you will be betting $360 for an hour. However, you are not always required to bet max.
This applies if you are playing at a land-based casino. If you are playing online penny slots, there is a minimum of 25 spins or five-cent bets. This means you can bet on all the paylines without breaking your bankroll.
How to Play Penny Slots
You can be able to maximize your experience by playing penny slots for real money. Even though you will be placing small bets, you still stand a chance to win great jackpots. The same way you play real money penny slots is the same as playing free penny slots.
Here is a step by step on how to play penny slots:
- Choose a penny slot that you will be playing.
- Pick the number of paylines you want to bet. Some slot games will have fixed paylines which means they are preset, and you can’t change them.
- Decide how much you want to bet for the paylines.
- Hit the spin button and wait for the reels to stop spinning to see if you have made any winning combinations.
- If there are any winning combinations, the winnings will be added to your balance.
- You can then choose to end the game and cash out your winnings or continue playing.
Penny Slots Payouts
When you play the penny slot machine, it is expected not to expect a million-dollar jackpot win. If you are making a small bet, you can expect to win low jackpots. So, you can expect payouts starting from $500 going up.
However, if you are playing a progressive jackpot, you can expect the jackpot to be hundreds of thousands. But this only applies when you have bet the maximum amount for each spin which is always advised if you aim for the biggest payout.
How to Win Penny Slots
Here are our tips on how you can improve your chances of winning penny slot machines. However, all kinds of online slots are based on luck, and there is no skill to win the game. What’s more, no strategy can guarantee you a win each time you spin the reels. These tips are only meant to give you a better chance of winning.
- Choose to play the game with the highest RTP. These games pay out the most for your winnings.
- Try to bet on all the paylines for a much higher chance of a payout should there be any winning combinations on the paylines.
- Play penny slots that are developed by well-known providers that are licensed and regulated. In this way, you will be playing fair games.
- Try out the free penny slots to test out some of the games that you are interested in. If you are happy with the game, only then can you risk your pennies.
Top Penny Online Slots
Amongst the biggest selection of online penny slots, some games are popular amongst players that you can try out. You can play them as free online penny slots or try them for real money.
- Wheel of Fortune
- Book of Dead
- Vikings Go to Hell
- Valley of the Gods
- Double Tigers
- Necromancer
- Gold King
- Golden Colts
- Temple of Tut
- Divine Fortune
Penny Slots FAQs
Can you win money on penny slots?
Yes, you can win money playing penny slot machines. However, the payouts will not big as when you are playing slot games with high bets. You can increase your chance of winning a sizable jackpot by betting max.
What is a penny slot?
A penny slot is a casino game where you can bet a minimum of a penny for each payline on the reels. However, if you choose to play more than one line, the cost will be more than just a penny.
What penny slots pay the best?
Valley of the Gods, Temple TUT and Gold King are some of the penny slots that pay the best. You can find the list of the top 10 penny slot games to play above for more games.
How much should you bet on penny slots?
You can bet between one and five coins for each spin which will amount to a minimum of $0.25 and $1.25 if you are betting max.
Are dollar slots better than penny slots?
Yes, dollar slots are better because they have higher jackpots and payouts as compared to penny slots. When you get higher payouts, you will also get a frequent return on your original wager.
How do you pick a penny slot machine?
Choose a penny slot that has the highest RTP and has a higher return on your maximum bets. What’s more, choose to play a game that is fair and regulated.
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