Author Blog

Author photo
Daniel King

Penny Slots – Win Online Casino Slots With One Penny Bets

Blog

Daniel King / 2021-08-27

Blog

The times when the halls of B&M casinos were filled with nickel and quarter slot machines are long gone since their online counterparts are almost endless containers for various gambling options. There are tons of online casinos with gaming collections featuring multiple slot types, and penny slots are the most popular among them. What makes these games so appealing is that they accept bets starting from just one penny. While some people think that penny video slots are a useless form of gambling – since you have to make tons of spins to win something, these games have much more value. So, we are here to talk about how penny slots work, what types of penny slots are available at online casinos, and how to play them to win more money.

Best Canadian Casinos to Play Penny Slots Online

  • 1
    21 Casino
    21 Casino
    7.71

    Welcome Bonus

    100% bonus up to 1000 CAD

    1000 CAD

    Bonus

    A lot of Games

    • Compatible with both desktop and
    • Features a staggering number of
    • Features a real live dealer
  • 2
    ComeOn Casino
    ComeOn Casino
    8.98

    Welcome Bonus

    A 100% bonus up to 1500 CAD + 300 FS!

    1500 CAD + 300 FS

    Bonus

    Bitcoin casino

    • Social slot gaming
    • Exciting loyalty program
    • Diverse welcome bonuses
  • 3
    Evospin Casino
    Evospin Casino
    7.06

    Welcome Bonus

    A 100% bonus up to 2000 CAD + 100 FS!

    2000 CAD + 100 FS

    Bonus

    A lot of Games

    • Numerous payment options are accepted
    • Simple design
    • Customer service is provided via
  • 4
    Casino Room
    Casino Room
    7.04

    Welcome Bonus

    A 100% bonus up to 1500 CAD!

    1500 CAD

    Bonus

    Best Casino

    • 1000+ thrilling games
    • 500 welcome bonus CAD +
    • Variety of Reel rewards
  • 5
    N1 Casino
    N1 Casino
    7.48

    Welcome Bonus

    A 100% bonus up to 600 CAD

    600 CAD

    Bonus

    Best New Casino

    • Well Designed
    • Many Top Developers
    • Great Live Casino

How to Play Penny Slots Games?

So, penny slots are defined as online slots that accept bets from one penny per payline. However, keep in mind that many online slots are using the fixed payline reel mechanics. Since the total bet per game round is equal to the bet per payline multiplied by the number of paylines, the cost of one spin can be significantly higher than one penny. So, for example, if you play an online slot featuring 30 paylines that are always active, the minimum bet per spin will be C$ 0.30.

How Do Penny Slots Work?

So, the good news is that penny slots work just like other online slots. Here’s a step-by-step guide on how to play penny slots at a casino:

  1. Choose a penny slot you would like to play, for example, a title from the free penny slots by IGT line.
  2. Select your bet size and the number of paylines you want to play with. So, if you want to wager just a penny, you need to select one payline for placing a bet (as mentioned above, some slots have fixed paylines).
  3. Make the reels spin by clicking on the corresponding button. Wait for them to stop to see the game result.
  4. Use the ‘Autoplay’ feature – if available – to save yourself from the monotonous clicking on the ‘Spin’ button if you want to play a series of rounds at the same bet size.

The confusion about online penny slots for real money comes from the varying number of paylines available – and how they have evolved over the years.

Remember, more often than not, you have the option to drop the number of paylines to just one to enjoy the gameplay with minimal risk.

Real Money Penny Slots vs Free Penny Slots

Surprisingly, free penny slots accept virtual coins for betting. Since you won’t be spending real money playing these titles, you won’t be able to win anything. Since penny slots are the cheapest games, we recommend that you don’t waste your time with free spins and try playing them for real money.

Distinctive Features of Penny Slots

Like many other types of slots, penny slots offer a different number of paylines, many symbols that form winning combinations, and bonus features. However, there are some distinctive characteristics of penny slot games that you should be aware of:

  • You can spend as little as one penny per spin while still keeping chances for big winnings.
  • The psychological aspect. Playing penny slots may seem to you that your risks of losing a lot of money are minimal, but it is not so if you play too long – gamble responsibly.
  • Penny slots have a lower hit rate than other types of slots, so playing them, you will have to make more spins before you land the coveted combination.
  • Due to their nature, penny slots are the most popular games for casual players.
Since the amount you win is directly related to the size of your bet, we recommend that you use a strategy of gradually increasing the eagerness to win more.

Types of Penny Slots Games

Although not all casinos classify penny slots into a separate category, digging deeper, you will find that penny slots can also be divided into several subcategories:

  • Classic slots with 3-reel game mechanics featuring 1-5 paylines for placing bets.
  • Video slots with a 5-reel setup featuring multiple paylines with the option to change their number.
  • 5-reel penny video slots with multiple paylines that are fixed. Although they accept bets from one penny per payline, theyК are not penny slots as the minimum bet depends on the number of paylines involved in the game.
  • Progressive jackpot penny slots featuring huge prize pool increasing in real-time. Keep in mind that some progressive jackpot slot machines require you to place the maximum bet to make the jackpot feature available.

In addition, penny slots differ in themes providing a higher entertainment value to these games.

Are Penny Slots Worth Playing?

Penny slots are tempting as they offer the lowest spin value. Although the name does not always reflect the real state of affairs, you will be able to play game rounds for just one penny more often than not. However, penny slots have a lower RTP than slot games with a higher minimum bet, so playing penny slots at C$ 1 per spin may be less profitable than video slots accepting a higher minimum bet. On the other hand, penny video slots may be your best bet if you want to test the viability of a particular betting strategy without spending a lot of money.

Mobile Penny Slots

As the number of mobile gamers grows rapidly, many studios are making their game products compatible with mobile devices. You will find tons of penny slots for free at social casinos, as well as real money penny slots online casino mobile apps. Penny slots are HTML5-based games available to play through a mobile web browser, so no download is required. Whether you’re looking to kill time or try to win something, playing penny slots on your mobile device right on the go can be a great idea.

Tips on How to Win at Penny Slots

By playing casino games, you undoubtedly want to be that lucky winner of that very life-changing payout. Although there is no strategy to guarantee 100% results, there are some tips to help you become a more winning player:

  • Activate the maximum number of paylines to increase your winning odds.
  • Change the bet size according to the Martingale system or other betting strategies to improve the expected payoff.
  • Be prepared for long losing streaks as penny slots have a fairly low hit rate.
  • Don’t be fooled by the various myths about penny slots, as you are still dealing with RNG-based games of chance.
  • Know how to quit in time to avoid major money losses.
Apparently, some tips prescribe playing penny slots like regular slot games so that in the end, the point of choosing to play penny titles may be lost.

Wrapping Up

Penny slots – with their pros and cons – can be a great way to get a good gambling experience with minimal investment, but only if you understand how they work. Using the tips listed above, you will be able to make the best bets while avoiding the pitfalls of penny slots.

Preview Article

How to win scratch offs: invaluable tips

Next Article

How To Win On Slot Machines: Slot Machine Secrets Exposed For Your Big Wins!

FAQ

What is penny slot?

Penny slot is a casino slot game that theoretically allows you to spend as little as one penny per spin.

Can you win money on penny slots?

Playing penny slots for real money, you have a chance to get a payout every time you spin the reels.

What is the best-paying penny slot machine?

The best-paying penny slot is the title that has the highest RTP among others.

How do you pick a penny slot machine?

When choosing a penny slot, there are several aspects to consider, including RTP, volatility level, hit frequency, maximum prize.

How do penny slots compare with standard slots?

The ability to bet from one penny is the main distinctive feature of penny slots. As for the disadvantages, penny slots often have a lower RTP than standard slots.