Online Penny Slots for Real Money: Guide, Tricks, and FAQs
Penny slot machines have possibly become the most popular games in U.S. casinos! After all, pennies are the lowest possible unit of coin in the U.S. Since the value of one coin is $0.01, penny slots are not too costly. However, they still offer players the opportunity to win some great prizes. 1-2 days $30 FREE CHIP 1-2 days $25 FREE CHIP 1-2 days $30 FREE CHIP 1-2 days $40 FREE CHIP 1-2 days $20 Free chip
Plus, if you wish to play them online, you’ll find thousands of incredibly entertaining games. These games come with awesome graphics, thrilling bonus rounds, and more fun features.
So how do online penny slots work? What are some of the best online penny slot machines?
Check out our ultimate guide on online penny slots for real money, and we’ll tell you everything about these awesome games!
Penny Slots: How Do They Work?
What are these games all about? The reason they’re called “penny slots” is the fact that they accept pennies, but there’s a bit more to it.
The answer to why penny slot machines are so popular compared to nickel or quarter slots is because they are much more economical. Firstly, the expected losses are quite small. Secondly, the machines allow you to play with a smaller bankroll. This is crucial because it means your sessions will last longer!
However, there’s a misconception regarding the name since most games will usually require players to wager more than just a penny per one spin. In fact, most machines will require you to place a penny or more on each active payline.
For example, if the penny slot has 30 paylines, one spin on it would cost $0.30 since you would place a penny on each line. Sure, the name is sort of a misnomer, but if you consider the fact that most penny slot games have an average loss of only a few dollars per hour, you’ll understand why players love them.
Penny Slot Details
So why is it important to spend less money while spinning the reels?
If you consider the fact that the average number of hourly spins on a machine ranges from 300 to 800, you can actually lose quite a lot of money. And that’s especially true if your bet is larger than the $0.30 per spin wager which we mentioned earlier.
For instance, if you spend $1 for each spin, you could theoretically lose anywhere between $24–$65 with every hour if the slot’s payout percentage is around 90%. There are many schools of thought related to penny slot betting strategies and expected losses/wins over time, but one thing remains clear. Namely, the games allow you to stretch out a small bankroll and provide inexpensive entertainment with favorable winning chances.
Can You Win Big?
Granted, most penny slots players are in it mostly for fun rather than hunting the big dollars. The belief here is that since they cost less, they won’t offer substantial prizes. Nevertheless, it’s not always the case.
For instance, in 2018, a woman triggered a massive jackpot worth $10.7 million! And, the total wager was a laughable $3 at the Wynn Las Vegas. An even higher penny slot machine win happened in 2007. A lucky man won $18.7 million in Pahrump Nugget Casino.
The fundamental principle here is that if you use the penny slots to play for a longer time, you’ll have greater chances of scoring that enormous progressive jackpot.
Penny Slots Online
So do those principles apply to online penny slots for real money? What sorts of penny games are available online, and how can you win real money playing online penny slots?
Well, most slots from the 2000s and 2010s are offered with a wide denomination range. For example, the majority of online slots will offer a $0.01–$5 or higher minimum bet per line. Effectively, most games that offer the 1¢ lowest bet can be thought of as penny slot machines.
Since you can simply change the denomination by pressing on the bet buttons and choose whether you want to make a bet with pennies, quarters or nickels, online slot machines that offer only pennies are extremely rare and almost non-existent. And, the only difference between a penny-only game and an online slot with multiple denominations is the fact that the player has to select their penny bet and minimum spin value by hand. Remember, penny slots usually require you to make a bet on most of the paylines.
How to Play Online and Best Slots
It’s incredibly easy to play penny slots online. You simply have to find a slot machine with a $0.01 minimum coin size in an online casino. You won’t have to spend a lot of time learning the rules. Plus, the great thing with most slots in reliable casinos is that they’re flexible. You can play them on your desktop device as well as on mobile.
If you play online today, you’ll find an entire treasure trove of various slot games. Namely, games that offer penny wagers can have a lot of different features. They can include three reels and a single payline, five reels and multiple paylines, expansive bonus options, multipliers, cheery themes, and fun animations.
To play online slots for real money, players must make a deposit at a real money casino. Then, they merely need to pick a good game. RTG makes some of the best online penny slots for real money. The titles that get mentioned the most are:
- Penguin Power
- Mermaid Queen
- Goblin’s Treasure
There’s an exhaustive choice of penny slots online for real money. However, the titles that are among the best will include lucrative payouts in regular play, bonus rounds with many free spins or mini-games, and big jackpots.
The most important thing is to learn about the min and max bet sizes. Then, you’ll have the knowledge to estimate your budget. It’s crucial to know how much money you stand to lose or win.
For example, if the slot machine has five reels, twenty lines, and requires you to place around five coins per each line, you’ll have to use 100 credits or $1 for a single spin. It’s a larger amount compared to some previous examples. Thus, the first strategy you must learn before playing is to find an online slot that accepts pennies but doesn’t force you to put up the maximum bet.
Some will have a 5–25 cent minimum bet per spin. And, they will mostly turn out to be much cheaper.
How to Win
The crucial difference concerning penny slots online and those in land-based venues is that they will not feature lower odds compared to high stakes slots. The RTP on an online slot with multiple denominations is almost always stable. Actually, it will not shift depending on the bet size.
If you’re not familiar with this term, it stands for Return to Player. It’s a presumed payback percentage (long term) derived from the total wagering amount. It can also be thought of as the opposite of the house edge percentage. And it’s especially important regarding penny slots since the physical machines in live casinos can have disappointingly low RTPs compared to higher stakes games.
Hence, if you try a good slot online, you’ll see that the RTPs are generally higher. Plus, the machines will not automatically lower it if you play only with pennies.
Some of the best penny slots online for real money with the most lucrative RTPs are Achilles by RealTime Gaming with a 95% RTP and a progressive jackpot. It’s best to select games with a return of around 95%–96% and more.
Is It Possible to Win More Often?
Perhaps the greatest strategy to consider if you want to win real money playing online penny slots is to simply know how much money you are willing to part with.
There are many tips online that involve you to increase/decrease the bet size depending on if you’re losing or winning, but the truth is that each online slot spin is a fully independent event. Therefore, you should treat each spin as such and try to place a minimum penny bet on all lines. That way, it will be easy to play for an hour or more without damaging your bankroll too much.
Theoretically, more spins ensure that you’ll spend more time trying to win the jackpots, which pay off quite a lot if you are fortunate enough. Another trick is to aim for the highest normal-play combinations (highest paid game symbols) since they will ensure a much larger profit compared to your investment.
One more thing to do is to play the online slots in demo mode and practice. If you test the games like that, you won’t spend any real funds, but you’ll get familiar with how the game works, the rules, payouts, and much more. It will prepare you before you try penny slots online for real money.
Lastly, it’s important to know when to stop if things are not going your way. Luckily, if you calculate your bankroll with precision and only play for a specified amount of time, you won’t lose a lot.
Overall, playing penny slots can be an incredibly fun experience, and that’s why those games are so popular. Sure, you can try them at the casinos in Vegas. However, you’ve hopefully learned why it’s better to try them online with this article. It takes some time to find great penny games, but it’s not hard to learn the rules and start playing.
By only focusing on some things, like bankroll management, game choice, and RTP percentages, you’ll improve your knowledge and therefore your shots at winning big. So to win real money playing online penny slots, start playing today and good luck!