Things to Keep in Mind When Playing Penny Slots

When playing slots online, players have the option to choose from a variety of different slot variations, including classic slots, video slots and progressive jackpots. One of the most exciting slot innovations that have always appealed to slot players is penny slots, owing to the fact that they require the lowest amount to play.

Here, we explore what penny slots really are and how they work. Also, we take a look at the must-know things about these exciting slot machines. Read on!

What are penny slots?

Penny slots are slot machines with a minimum wager of one cent per line, as their name implies. These slots are suitable for players who want to enjoy slot gaming without having to wager a few dollars on each spinning round.

While the basic premise behind penny slots is pretty intriguing, it’s worth noting that they don’t always cost $0.01 to play. In many internet slot games, the online slot paylines usually fall in the range between 25 and 50. Therefore, you’ll need at least 25 cents to play penny slots online. And this holds true for land-based penny slot games as well.

Now, some players might think that one can keep the wager size to its minimum by deselecting paylines. You can do that, of course. But placing bets on just a single payline in 25 or 50 payline slot games may also reduce your winning chances.

How do Penny Slots work?

A penny slot machine works similarly to a traditional slot machine. When playing at brick-and-mortar casinos, you need to put a coin in the given slot and press the ‘hit’ button to initiate the gameplay round. Once you’ve landed the right symbol combination, you’ll receive a payout according to the game’s paytable.

Speaking of online penny slots, they’re just virtual versions of standard penny slot machines. But when playing for real money, you’ll get to choose penny slots that come with popular slot themes and have exciting in-game features. Also, online penny slots have more generous bonuses and other rewards as compared to their land-based counterparts.

Top misconceptions about penny slots revealed

As with several other casino gaming titles, there are several myths and fallacies surrounding penny slots. We reveal some of the most common misconceptions about these games here.

Penny slot machines are suitable for low rollers

As mentioned earlier, playing penny slots isn’t as cheap as it seems to be. Depending on your chosen penny slot game, your bet size can be anywhere between $0.25 and $1 per spin.

This betting limit isn’t that unreasonable when compared to other table-based casino titles, where you may need to wager tens of dollars on each gameplay round. Because penny slots are fast-paced, they are expensive.

While one may complete 50 to 60 rounds of Blackjack in an hour, the penny slots round rate can amount to 600 spins for the same amount of time. Add in the volatility of online slots and the house edge of online slots, and you’ll quickly consume your bankroll.

Of course, this isn’t to say that you must never play penny slots as a recreational player. Just note that your bankroll may not last long when playing casino games with low minimum bets.

Penny slots don’t pay much

Some slot players believe that penny slots aren’t suitable for regular slot gaming, as they don’t come with huge payouts. While there may be some truth to that notion, it cannot be generalised to all penny slot games.

The Mega Moolah slot game by Microgaming, for instance, has paid out millions of dollars in payouts on bets worth just a few hundred dollars. Despite the possibility of winning a huge jackpot in these slot games, the odds of winning are quite slim. But the point here is that the payout on many penny slots is on par with other casino games.

The outcome of these games is flawed

Another myth about online penny slots is that the final result in these games is flawed. Well, this is one of the craziest misconceptions slot players can think of.

All online slot titles, including penny slots and adventurous slot games, are based on RNG software. For players who don’t know, the RNG is a complex algorithm that generates random outcomes every time you spin the reels of your favourite penny slot online.

All in all, you can rest assured that the final results of penny slots are completely random, given that you’re playing at a licensed online casino like Monster Casino.

Penny slots don’t offer many bonus rewards

One of the coolest things about online casinos is that they offer a variety of bonuses to their players. These extra rewards can be gained by playing almost all types of casino games online. So, it’s no surprise that you can avail them when trying your hands at penny slots.

Penny slot machines won’t give you direct access to VIP and high roller perks such as private gaming rooms and individual managers. You need to bet significant amounts on the most popular online slots for that. But the bonus rewards in penny slots are generous enough to offer you some extra gameplay time or additional cash.

Conclusion

Featuring low minimum wagering requirements and several in-game features, penny slots are exciting slot types to play online. Also, just like other online slot games, penny slots offer a number of bonuses and other rewards to their players. While these slot games don’t need the use of any specific playing strategy, you can use our slot machine tips to have a more enjoyable slot gaming experience.