1. Penny Slot Machine For Sale
2. Antique Penny Slot Machine

In the United States, a penny is an interesting concept.It’s literally the lowest denomination of currency that we have, and it’s practically worthless. In fact, there are advocates of eliminating the penny and making the nickel the lowest denomination available. Oct 12, 2020 Moving forward in our penny slots online chart, we have the world-known penny slot – Book of Dead. One of the leading game developers in the world, Play’n GO, built this Egyptian-themed online slot. Playing this game, you will stumble upon God Ra, God Anubis, and pharaoh Tutankhamun, but the main character is the explorer, Rich Wilde.

The phrase “penny slots” refers to slot machines that accept wagers in denominations as low as $0.01. These days, most slots offer multiple line wagers and other bet multiplier options allowing for bets of much more than a penny per spin, but because players ostensibly can play the game at $0.01 per round, it is considered a penny slot.
It’s clear why penny slot machines became so popular. The appeal of inexpensive entertainment is obvious; penny slot machines can stretch a slim bankroll a lot further than games that require bigger bets. Most people interested in choosing those games, do so because they want to have more time on the gaming floor, not because they’re the type of player that chases huge prizes.

It is true that payouts are generally smaller on games that cost the bettor less to play. Even so, penny slot machines made a quit large number of millionaires. Lately a man in Las Vegas won a jackpot of more than $18 million in 2014 on minimum denomination slot, so big paydays are available depending on the game.

Free Penny Slots Online

Best Casinos for Penny Slot Players

Online Penny Slots

In online casinos, slot machine took another step in their evolution. It’s actually hard to find a classic penny slot machine on internet. Online penny slot machines offer much wider range of bets and denominations: the same slot can be a 1 cent slot machine and at the same time a high limit – $250 per spin – slot. There are 3 main reason for that change:

1. Technology – unlike in brick and mortar casinos, in online slots the bet size is not limited by physical coins/chips/notes and can be changed with a click of a button.
2. Appealing to wide range of players: Many players can play the same online slot machine at the same time, which is obviously impossible in land casinos. After all the work of designing, developing and testing, casino operators want the slot to appeal to the widest range of players.
3. The most important reason for us as players to notice: It allows players opportunities to get carried away. Don’t forget, casinos are a business as any other business and they are here to make profit. If a player that was betting $0.01 per spin starts playing $1, $5, $10, the casino turnover will be 100+ times higher.

To bottom line: Online penny slots, similar to their brick and mortar “compatriots”, are a great way to enjoy playing slots for real money without risking high stakes and the variety you can find on the internet is enormous. The tricky part of online penny slots is that in most cases, we have to limit the maximum bet per spin ourselves, since the machine won’t do it for us.

*If you are playing most of the time on your mobile, please visit our mobile penny slots page to find which games are available on mobile and in which mobile casinos you can play them.

How to Play?

People familiar with how a slot machines work will have no trouble playing penny-denomination games, as there is no difference between these types of slots and any other. These days, the majority of penny slot games are still on the simple side – many “classic-style” games (with a single line and three reels) offer penny wagers, and even those titles that aren’t simple single-line games offer fewer features than more “expensive” ones.
The only trick to learn is to determine how much you want to wager per-spin; that means taking both credit size (the value in cash of each unit of a wager) and number of credits under consideration. Bettors on a budget who want to squeeze as much play time as possible out of their bankroll should stick to the lower end of the scale, while budget-conscious players who don’t mind being a little risky should bet maximums in order to earn the biggest possible payouts.

How to Win at Penny Slots

Despite all the tips and myths that you heard or can read on the internet, the truth is that there is no way to beat the system and consistently win at penny slot machines. The only rule that we think that players should follow is to set up a limit of how much they bet per spin and to stick to it. Penny slots can draw money faster than one would expect and it’s important that you won’t get carried away and start betting $$ per spin.
There are, however, many ways to make your time more entertaining and a few tricks to getting freebies from the casino. Every penny you earn in freebies and rewards from the house is a thin slice of the casino’s advantage peeled away.
To walk out of the casino with a smile on your face you can either win a bunch of cash or have a great time. There’s no way to guarantee the big wins, but you can try different tactics to keep the game enjoyable – change paylines, rotate machines so you don’t fall into a routine and stop playing if you get emotional.
Penny slot games offer a lot of entertainment and can be played at a very low cost – that’s their main appeal. Some, very few, lucky fans will win million-dollar jackpots; the rest of us will be content with the additional game time available on penny-denomination slot games.

Penny slot machines appeal to many players because they seem to offer the lowest cost to play. For just a cent, you could spin the reels and win big. Except, that’s not always how it works in reality. Here’s everything you need to know about penny slots, as well as some of our favorites to play in 2019.

How much do you have to wager on penny slots?

You might think that penny slots just cost one cent to play. However, this often isn’t the case. Particularly at brick-and-mortar casinos, you’ll find that minimum spin values can be 50 or 100 credits on the penny slots. This means that you’re still wagering $1 per spin. No wonder penny slots account for 50% of casino income.

This is because while the unit of credits is worth a penny, you’ll be prompted to wager on all available paylines, often with multiple credits per line. Betting 5 credits a line on a 20 line, 5 reel slot machine means you’ll be wagering 100 credits on each spin of the reels. Even if you take things slow and spin the reels every 10 seconds (the average players spins every 6 seconds) you’ll still be looking at 6 spins per minute – or $360 worth of spins in an hour of play. That’s not quite what penny slot fans were planning on.

But not all slots require you to bet the maximum. If you play the best penny slots online, you’ll often find that they have minimum spins of 25 or even just 5 cents. This means that you can put a penny on all available paylines without breaking the bank.

Can you win big with penny slots?

Many people have stories about winning big with penny slots. How much is a big win when you’re betting pennies? $500 and up certainly sounds worthwhile when you’re spinning the reels. All the games list their maximum payouts, such as this one that had a maximum payout of $6500, despite one gambler believing she’d won millions.

In fact, some penny slot games are linked to massive progressive jackpots. These can be truly lucrative, in the tens or even hundreds of thousands. But before you get excited, make sure that you read the terms and conditions to activate the jackpot.

Usually, you will need to wager the maximum amount on each spin, or at least have wagers on every available payline. Check the rules before you spin because there’s nothing more disappointing than thinking you’ve just won a life changing prize, only for it to turn out to be pennies on the dollar.

What are the best penny slot machines?

When you play at physical casinos, you’ll often find that the best penny slot machines have different odds from the same games offered at higher stakes. In fact, you might come out ahead on your bankroll by playing higher stakes slots at casinos.

That’s why it’s often best to play at online casinos, where the odds for a game are stable no matter your wagering level.

Whether you wager a penny, a nickel, a quarter or a dollar, you’ll face the same house edge when you play online. Plus, you’ll get access to a much broader range of the best penny slots online.

Penny Slot Machine For Sale

So, what are the best penny slot machines? That will depend on your play style. Are you all about the bonus rounds, or are you just interested in the core slot action? Are you planning to play from the US or another country?

You can choose from a variety of the most popular slots online. From Wheel of Fortune to The Wizard of Oz, The Dark Knight to Wonder Woman, Monopoly to Guns N Roses, you can play tons of top-rated online slot games for penny credits. Just remember that playing for pennies doesn’t mean that your spins are cheap, but nor are your winnings.

Check out our guide on playing slots online for free.

Antique Penny Slot Machine

Sources:
https://www.theguardian.com/society/2013/jun/08/slot-machine-lose-lose-situation
https://www.dummies.com/education/math/using-probability-when-hitting-the-slot-machines/
https://www.tripadvisor.com/ShowTopic-g29750-i78-k4046492-Any_penny_slots_worth_it-Atlantic_City_New_Jersey.html
https://www.usatoday.com/story/news/nation/2016/11/02/woman-denied-slot-machine-win/93206170/