Penny Slots Online

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.

The risk of game addiction (even with penny slots)

December 17th, 2009

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.

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.

Betting pennies for other than 3-reel slots

November 19th, 2009

The most common games to play for pennies are classic 3-reel slots. These have very simple betting schemes such as one betting line and only a variation between 1 to 3 coin bets per spin. So if you select the Max Bet option the most you could bet is 3 pennies.

The same is not true with other more advanced slots such as bonus slots, video slots or I-slots. These have 5 reels normally, up to 15 coin bets, and many pay-lines which increases the complexity of the betting scheme. Even on a penny denomination, a Max Bet can incur in a total of $0.25 bet.

The player must understand that when betting on a penny denomination 5-reel slot it is hard to keep the bets at penny-level. It is possible at the expense of losing some of the odds the game provides. Here’s how you would want to be to keep the odds of the slot machine at its highest.

First select the denomination of the machine (penny) and reduce all coin bets to a minimum (1). Find out how many betting lines the game provides. Can be anywhere from 3 to possibly 25. To ensure that you can complete winnings lines often, it is a mistake to try and bet only in the middle bet line. These 5-reel slots are not like traditional slots. You can win only by having many combinations of betting lines crossing through the reels. That’s why betting only 1 betting line, 1 coin on penny denomination is a bad idea. Yes, you are betting only one penny but your chances of actually hitting something are slim. The idea is to at least get half the bet lines on these machines. In such cases you are likely to get some jackpots at the expense that you’ll probably be petting 5 to 10 pennies per spin.

The more advanced 5-reel slots are not designed to be played just for pennies but you certainly can do it. Just have to be smart on how to bet when you play on penny denomination.