How to Win at Penny Slots: The Ultimate Guide

How to Win at Penny Slots: The Ultimate Guide

Penny slots are slot machines that are played at 1 cent per line, but you’ll often need a little more than a penny to get in on the action. 

If you’re wondering how exactly these machines work and how to win at penny slots, you’ve come to the right place. 

Let’s dive in!

How do Penny Slots Work?

If you want to learn how to play penny slots or penny bingo, the first thing you need to learn is how these machines actually work.

Penny slots are regular slots that allow players to place bets as low as 1 cent per line.

One of the well-kept slot secrets (at least for gamblers who aren’t that much into slot games) is that this doesn’t mean that you can spin the reel for a penny. These machines often have dozens of lines in play, which means that the minimum bet on penny slots is typically much higher than the name suggests. 

Depending on the casino and the slot machine, you may be required to select more betting lines and bet 50-100 coins or more on a penny slot game.

Regardless, penny slots are a great choice for players of various bankroll sizes and allow more gamblers to get in on the fun with lower stakes on the line. 

Also, you’ll still be able to claim a bonus, or take advantage of promotions, and free spins, but your total winnings in most games will be lower, compared to other high-stake games.

How To Win/Penny Slots Strategy

The secret to any good penny slots strategy is sticking to it, regardless of whether you prefer fruit games, card games, or any other branded penny slot machine.

This would require calculating your gambling budget, determining how long you’re going to play, and how much you are willing to lose before heading to the penny slots.

Here are some penny slot machine tips that can help you maximise your winnings:

Don’t focus on the big-time progressive jackpots

Playing for progressive jackpots is an attractive prospect. You can win a huge prize since every player contributes a percentage of every bet toward the jackpot. 

But, this can prove a bad strategy in the long run. The more you play, the more money you put in and the chances of winning the money are slimmer, compared to regular online or casino slots. 

Bet the maximum (if applicable)

Some casinos, both online and brick-and-mortar, require players to place the maximum bet to win the grand prize. If you place a lower bet and win, you’ll only get a portion of the pot. 

Thus, if you’re chasing the big prizes, it’s best to always place the maximum bet.

Know when enough is enough

One of the best penny slot tips that anyone can give you is to learn when to stop playing.

As a general rule of thumb, you should stop playing if you feel like you’re in a rut and you’re reached your budget limit for the day.

Pay close attention to payback percentages

If the payback and hold percentages don’t work in your favour, chances are you’re unlikely to win any big prizes, regardless of whether you’re playing penny slots or high stake slots. 

If you’re required to bet 200 lines per spin for an incremental payout of $0.40, you’ll lose more than you’ll win.

Don’t fall for the misconceptions

Penny slots may be known as the more affordable entertainment option in casinos and while they allow players to place lower bets, compared to other games, the risk of losing a lot of money doesn’t disappear into thin air.

Know that RTPs on penny slots are low

Penny slots have lower RTPs (Return to Player) over the long term, compared to higher denomination slot games. In other words, the payout potential of a penny slot game is lower than that of a $10 slot game or a $50 slot game.

A good RTP is 96% or higher. You’re more likely to find this RTP in online slots in some of the newer games.

Bottom Line

Penny slots are a great way to have some fun at a casino with smaller bankrolls. 
If you’re still wondering how to win at penny slots, the answer is simple – you’ll need to figure out the RTP of the machine and the payback and hold percentages, and know when to stop playing, especially if you’re at risk of going over your budget.

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