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Penny Slots: Perfect for Beginners

Recently I decided to deposit $10 into one of my online casino accounts. Even though this amount may no sound much to some, it was a really big deal for me since I’ve never used my credit card for gambling before. I felt a little apprehensive at first about it, but I went for it and don’t regret in the least. I was pretty sure I wanted to play slot games but went ahead and tried the blackjack table first. As soon as I got my seat at a table I noticed that bets were pretty high and I just couldn’t afford it.

So I exited the blackjack table in hopes of finding something cheaper at the slots section. I browsed around a bit at the names of the games until I found one that caught my eye. The game I choose is called Future Fortunes. I love everything that has to do with mystic stuff and magic and so I was sure that this slot would be perfect for me. I started just by looking at the symbols and the graphics. Fantasy Fortunes features a lot of symbols that have to do with tarot reading. The game has a main character called Madame Zarah that makes the whole scene tie in perfectly. With several bonus extras like free spin rounds, wild symbols and a bonus game, this slot seemed to just what I was looking for.

There was one more detail that made it all like a dream come true for me. As soon as I was going to start playing I noticed that the machine took one penny bets. This really kicked it up a notch and gave me the freedom to get to know the machine without spending a lot of money. What was best is that no more than ten minutes had passed when I noticed my total amount of money had almost doubled. That’s what I call a good penny slot machine!

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.

Betting pennies for other than 3-reel slots

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.