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For those who don’t want to spend a lot of money on their wagers, penny slots are ideal. They represent the cheapest way to get a taste of online casinos, without skipping the excitement that comes with playing for real money.
On this page you’ll learn all about online penny slots, as well as where to play the best penny slot machines and how to identify different types of slots.
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As their name suggests, penny slots are a type of slot machine which you can play at real money casinos with a minimum bet of a single penny. Many of them have enough paylines that you can bet considerably more than this, but penny slot machines are typically characterized by low maximum bets and jackpots.
Two of the most common reasons why users play penny slots online are:
- Those who have limited funds but still want to enjoy the thrill of slots.
- Players who want to get familiar with playing online slots before spending more money on it
There are hundreds, perhaps even thousands, of real money slots and slot titles out there ranging from free penny slots to pricy progressives. However, most of them fall into one of the following categories.
The type of slot you prefer will depend heavily on what you want to get out of a game, with some slots paying out little and often, and others awarding huge sums of money much less frequently.
A good understanding of the information below will help you to work out which games are most appealing to you:
- Classic slots (3 reel and 5 reel): The most common types of slots, these often come with a bonus round comprised of something like 10-20 free spins with a 2-4x multiplier. Themes vary massively, as does variance and jackpot potential, but it’s not uncommon for 90% of the slots available in any casino to fall under the heading of “classic slots”.
- Megaways slots: Rather than using a traditional system of paylines, with most games offering somewhere between 9 and 50, the Megaways range (produced by Big Time Gaming) offers up to 117,649 ways to win. Although not all Megaways games offer quite this many ways to win, the result is that most titles in the range pay out regularly but in small increments.
- MegaSpin slots: Although they’re not particularly common, games in the MegaSpin range essentially offer players the chance to play multiple slots at once. Games operate completely independently, so you might win on every machine or lose on every machine, but players using MegaSpin slots stand to win impressive prizes if they get lucky.
- Mobile slots: In fact, many different types of slots listed here (including progressive, Vegas and multi-payline) are available on mobile devices like smartphones and tablets. Thanks to rapid advances in mobile technology, more mobile slots are available for use on the move in 2023 than ever before.
- Multi-payline slots: While early slot machines had just one payline, a horizontal line of three matching symbols across the middle from left to right, things have changed considerably since then. Nowadays, most games offer ten or more paylines, with possible winning combinations outlined by colorful lines in their paytables.
- Progressive slots: The key difference between standard and progressive jackpot slots is that the latter takes a percentage of every bet made on the machine and adds it to a base jackpot that keeps growing until it’s claimed, usually at random, by a lucky winner. The resulting prizes are some of the largest available in any casino, online or off.
- Vegas slots: Thanks to the strong association of Las Vegas with gambling, it’s not surprising that many games adopt a visual style that could have come straight out of Sin City. Expect plenty of neon lights, bright colors and landmarks with Vegas slots!
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Where can I play penny slots for free?
Almost all top online casinos will let you play the majority of their games in practice mode, giving you access to plenty of free penny slots.
Can I win real money playing penny slots?
Absolutely! Although penny slots do not necessarily come with huge jackpots like progressives or more expensive slots, you can still score sums of money.
Are penny slots worth playing?
Penny casino slots are a great way to get familiar with slot games and particular titles without spending a lot of money.
Are online slot casinos trustworthy?
If you stick with the reputable online casinos that we recommend, then you have nothing to worry about in terms of trust or safety.
What is an annuity?
An annuity refers to a slot jackpot that’s paid out over a number of months or years, rather than in a single lump sum. Of course, when you’re playing penny slots, real money jackpots that you manage to land are unlikely to be big enough to require an annuity.
What is the best online penny slot game?
We’ve highlighted a couple of great penny slot games on this page, but the answer to this question really depends on what you’re looking for. Things such as theme, variance and the presence (or lack) of bonus games will all help you identify your favorite penny slot.
What’s the difference between a loose and a tight slot machine?
While loose slots pay out regularly or seem to pay out more high value wins than expected, tight slots are the opposite; wins are rare, and tend to be small in value. It takes a lot of time and money to identify whether a slot is loose or tight and, even then, it’s an inexact science. After all, why would anyone play a slot that’s known to be tight?
What is a payback percentage?
A game’s payback percentage, sometimes known as Return To Player (RTP) percentage, refers to the amount of cash an average player should expect to get back as winnings. For example, a game with a payback percentage of 95% returns $0.95 for every $1 spent on it.
Almost all top online casinos will let you play the majority of their games in practice mode, giving you access to plenty of free penny slots.
Absolutely! Although penny slots do not necessarily come with huge jackpots like progressives or more expensive slots, you can still score sums of money.
Penny casino slots are a great way to get familiar with slot games and particular titles without spending a lot of money.
If you stick with the reputable online casinos that we recommend, then you have nothing to worry about in terms of trust or safety.
An annuity refers to a slot jackpot that’s paid out over a number of months or years, rather than in a single lump sum. Of course, when you’re playing penny slots, real money jackpots that you manage to land are unlikely to be big enough to require an annuity.
We’ve highlighted a couple of great penny slot games on this page, but the answer to this question really depends on what you’re looking for. Things such as theme, variance and the presence (or lack) of bonus games will all help you identify your favorite penny slot.
While loose slots pay out regularly or seem to pay out more high value wins than expected, tight slots are the opposite; wins are rare, and tend to be small in value. It takes a lot of time and money to identify whether a slot is loose or tight and, even then, it’s an inexact science. After all, why would anyone play a slot that’s known to be tight?
A game’s payback percentage, sometimes known as Return To Player (RTP) percentage, refers to the amount of cash an average player should expect to get back as winnings. For example, a game with a payback percentage of 95% returns $0.95 for every $1 spent on it.
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