Penny Slots Online

Rarity of penny slots online

January 14th, 2010

It is unfortunate the you don’t find excessive amounts of penny slots online. Most slot won’t let you go below a nickel and this is perhaps too much for some of the players out there. The reason is that online casino want to make as much profit as they can and accruing pennies is no way of becoming instantly rich. There are still some games that allow you to play with as little as one penny. The rate of new games coming out is, however, overwhelmingly in favor of higher denominations.

As we’ve explored in previous posts, these non-penny slots can be reduced almost to a minimum. The slot games like video slots and I-slots are not meant to be played with pennies but you can reduce the denomination to a minimum, reduce the betting lines and coin bets. At the end you can be betting around a nickel per spin but the fun of playing this games is when you have all betting lines activated plus the maximum amount of coin bets (since some jackpots are only access in max bet).

If we take a look at the online casino game developers we noticed that only a few have taken the time to develop traditional slots for penny. When they are available, it is usually the Vegas-style 3-reel slots that are most common in land-based casinos. To take an example, Rival-Gaming is constantly releasing new slot games in the category of video slots or I-slots. But they only have around 9 traditional slots that allow single penny bets.

Perhaps in the future this trend might change and all new games will be provided for penny slot players. A casino can make a lot of profit on us if there are millions of penny slot players playing all the time.

When Penny Slots become too boring

December 31st, 2009

Many players start gambling solely on penny slot machines, firstly, because they are the cheapest to play naturally, and secondly, because being cheap the money last longer. However, there comes a time when you’ve played penny slot machines long enough and you feel the need for a change. Upgrading to a nickel machine is probably the first reaction to this feeling but you should beware of this move. If you play nickel slots you immediately must notice how much faster the money run out. Obviously it is 5 times more than a penny bet but the reason that it goes faster is because the penny slot player is used to playing FAST and with higher denomination playing fast could entail quick losses.

If you become bored of penny slots what you can do is increase the coin bets in the machine rather than going up into a new denomination. So, instead of betting 1 penny you can increase the coin bets per spin sometimes up to 20 times. Another option is to go to video slots or interactive which have more than one betting line and this way you can stay on the penny denomination while increasing slowly the bet till you find a new comfortable betting limit. Just remember that as you increase the amount of the bet you should play slower since the money may be going out faster.

Increasing your bet wagers will also increase the jackpots you may hit. A smart move is to play at slightly higher bet ranges and as soon as you hit a significant sum return to your normal penny wagers. This way your money will last much longer and you can get many hours of online gambling entertainment. If you prefer, you may cash out when you win in the higher bet ranges. Calculate how much is the max you could have won on a single penny bet and then compare it with the jackpot you won on your higher bet range. If it goes much above the former then it’s a pretty good idea to withdraw your winnings.

Penny Slots alive for another six months

December 3rd, 2009

We were contacted by many readers of this blog, wondering what will happening to little innocent online penny slot machines. The reason they asked, in case you are unaware, is that the US government was pushing a law to abolish most forms of online gambling. And believe or not, this included betting pennies at slot machines. Now, we want to give a general update on this matter.

Penny slot players are in good hands with Obama’s administration. The implementation of the online Gambling Ban has been delay for another 6 months. It’s deadline was on this past December 1st and thanks to the efforts of some Democrats, as well as major banks and financial institutions, the Treasure of the USA has delayed it. They put some pressure on since the UIGEA (as the law is called) was not very clear in many things. Technically speaking, the online gambling ban does not pursue particular slot players nor the casinos themselves, rather it aims at stopping all financial institutions from providing payment services to and from gambling sites. According to specialists, the UIGEA is very unclear in many points so that banks and e-methods are not sure exactly what classifies as unlawful gambling site and which are considered legal. This uncertainty prompted the delay and we should expect a revision of the UIGEA in the following months. Some experts say that they will even try to pass a new legislation that will make legal for online gambling sites to operate and be taxed in the USA. This will make online gambling therefore much safer with more companies based within the US, and will provide a healthy income to the government of an estimated $2 Billion dollars a year.

This seems to be good news for now for online penny slot players in the USA. US players will still have several options for deposits and cash out winnings from online penny slots.

Can I play video slots for just pennies?

October 23rd, 2009

It would be surprising to hear that most slot players don’t know they can play for pennies all slots, including video slots and islots. There is a restriction for progressive slots but that is self-evident if you’ve played these games, as to win the progressive jackpot a minimum bet is required. What most slot players don’t know is that they can wager pennies on all other slots. But we warn that there is a cost for doing this.

Most 3-reel or traditional slots are quite straightforward and you can just raise or lower the denomination without much effect on the betting style. You simply get the payout advertized on the pay-table in the denomination you’ve selected. However, when video slots or interactive slots are concerned, the betting structures are a bit more complex. You can not only modify the denomination of the machine, you can also select up to 20 coin bets and up to 20 betting lines. This plays a big role into the odds the player may get when hitting a winning combination.

To play for just pennies on these slot machines the player must reduce the game to penny denomination, place only 1 coin bet and select only the main betting line. By doing so the player is only wagering one penny per spin. However, this is not always advised as these video and I-slots are designed to pay better if more betting lines are selected. When the player only selects one betting line the chances of getting a good winning combination in the 5 reels only through the chosen betting line are slim. So, technically yes, you can play for pennies at these games but it will be at a cost as the possibilities of generating a good bankroll are slimmer.

Not all video slots are the same so this advice should not be taken universally for every online slot game out there. We just warn the player to check carefully what his or her winning chances are when they play so low at just one betting line.