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The risk of game addiction (even with penny slots)

Gambling can be dangerous if it gets out of hand. Even when playing just for pennies, you should think clearly before going out to spend your hard-earned cash. Although millions of people play online every day around the world, most governments fear gambling because of the few that become addicted to the game. There are several reasons why people gamble:

1) Some play occasionally to get the rush of hitting something
2) Some play often to actually get rich
3) Some use gambling as an entertainment medium.

If you like to play penny slots, that’s fine. It’s a wholesome form of entertainment. But before it gets out of hand, ask yourself a few questions so you can become a smart gambler. What you’ll really be trying to answer is, what kind of gambler are you?

This is the first step for you to become a smart and responsible gambler. Here’s a few questions you can ask yourself to determine your gambling type.

Do you think about gambling every day?

Is it an spontaneous urge or an ongoing necessity?

You use gamble to relax yourself and clear you mind?

Do you play to become wealthy?

Do you play to make a living?

Questions of this nature can determine how serious you are about gambling. If you realize that you are too intent on playing then you should take precautions. Set aside a strict gaming budget and don’t go over it. Easier said than done, obviously. However, what we recommend is that you get prepaid credit cards so you only use the money set aside for playing and not the money you need to live.

Remember that even if you play for pennies, the bill can add up over months and years. Play smartly so you won’t ruin the experience of playing online penny slots.

Popular Online Penny Slot Games

Land based casinos have always taken pride in their extremely successful penny slots and this trend has quickly moved over to the online gaming world. These days online penny slots are very popular specially in video slot games that offer multiple lines to create a series of winning combinations and with paylines anywhere between 5 and 30 lines.

Penny slots have become so popular that online software developers are in constant competition to put of there the best penny slot in the shortest amount of time. Most of these games offer players extra features like bonus rounds, free spins and attractive jackpots.

Some of the best penny slots are:

Jaques Pot Gourment
5 reel, 20 payline online slot from Rival Gaming with a fantastic bonus feature. Betting ranges from a penny per spin and a maximum jackpot of 40,000 when playing with the maximum betting amount of $0.25.

Spy Game
With Spy Game you get to be James Bond for a day. This penny slot features 5 paylines and players can wager up to 5 coins per line. The wagering amounts range from 0.01 to 0.50 and the maximum jackpot is of 800 coins with a total maximum payout of 9,600.

Psychedelic Sixties
A great interactive penny slot created by Rival Gaming. This online slot offers a coin size from 0.01 to 0.25. Players can wager from 1 to 10 coins per payline with a maximum betting amount of $50.

Hole in Won
Finally a penny slot machine game for golfers! This is a great game with 5 reels and 15 paylines and players can play for as little as a penny a line. Hole in Won features great golfing bonus rounds and great extras.

The Atomic Age
Relive that wonderful era of the 1950’s and 1960’s with The Atomic Age penny slot powered by Rival Gaming. This is a 5 reel and 15 payline video slot with bets anywhere from $0.01 to $1.00 per coin and up to 5 coins per spin.

Penny Slots alive for another six months

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.

Understanding Penny Slots Payouts

One of the single most important things you should consider before playing penny slots online is understanding the payout percentage of the online slot that you’re about to play. This notion will help you know which slot games you should avoid and which could award you better prizes. The payout percentages in online slot machine games are very important if you want to calculate your future winnings. Payout percentages are an estimate of what that specific slot machine that you’re playing should payout when you score a winning pattern. Online casinos usually report on their website how much a specific machine or game should payout which works very well if you’re scouting around for the casino that best suits your needs.

Some players think that if a machine reads of having a 96% payout it will mean that they could win back 96% of their investment but this is far from the truth. In reality, the expected payout percentage is based on the lifespan of that slot machine. This means that the payout percentage is calculated on how many years the slot machine is supposed to last. If it is 10 years, then that 96% payout is calculated over a 10 year span.

Many online casinos offer different types of slot machines with different payout percentages. Online slots typically range from 96% to 98.5. The different types of games vary from casino to casino,However, it is important to remember that these what was mentioned before about the lifespan of the machine. Penny slot machines will pay less than the machines with higher limits. These will usually provide a higher payout percentage- Nevertheless, this does not mean that you should avoid penny slots. Even though higher payout slots many seem more exciting, these will cost you more over time and you could go broke quicker than the speed of light.