Casino games can be a great pastime for various players but not everyone can afford to spend huge amounts on casino wagers. Fortunately enough, as online casinos tend to boast richer gaming portfolios, there are games suitable for all types of players. Slots are often the games that often have ranging bet limits, being suitable for both recreational players and high-rollers.
To keep your gambling a budget-friendly experience, you can also test your luck on penny slots. This variation of slots enables players to make extremely low bets and still enjoy a very exciting gaming session. Just because the total stake may be small, however, that does not mean that players cannot sweep pretty good payouts, fully enjoying their online casino time.
While all penny slots share similarities, not all slots are created the same. That is why it is important to differentiate between titles that are worth your attention and ones you should avoid. We will cover everything you need to know about penny slots and how to choose the best option when you are on a tight budget.
The Essence of Penny Slots
Before we start discussing the best penny slot variations to play, we should first cover the definition of penny slots. Even though the name of this category of slots may suggest that players will spend as little as a penny to play these games, this is not particularly true in every case of penny slots. In fact, many slots that fall under this category will have a minimum bet that costs more than a penny.
The reason why often budget-friendly penny slots will have you bet more than a penny is the way some slots are designed. While the single-line bet may be very low, as many slots have a fixed number of paylines, that same stake will be multiplied by the number of paylines. That may increase your total bet per spin, making it higher than a penny.
Despite your overall bet costing you more than a penny, this variation of slots is still very suitable for those playing with a smaller budget. If a slot has 10 fixed paylines and the minimum bet per line is 5 cents, you will bet 50 pennies on a single spin. That is still a very budget-friendly amount, compared to some titles that cater mainly to high-rollers.
Compare penny slots to classic table games and you will notice that even when betting more than 1p per spin, you will still enjoy more gaming rounds on the slot than on most table games.
Why Some Players Get Confused About Bets on Penny Slots?
Inexperienced slot players may get confused as the way slots pay nowadays has changed significantly from the way old-school slot machines used to award payouts. Modern slot variations tend to have multiple paylines, across five or even more reels. That makes it possible for winning combinations to be formed across zigzag lines, diagonals, or various other formations.
Typically, the various paylines included in the slot can be seen in the paytable section, showing you the different formations that can bring you a payout. What is more, a win can often be landed even if the entire line is not completed but it consists of at least three symbols.
Even though adjustable lines will allow you to make very reasonable bets, you should keep in mind that you will get paid only if a win occurs on the lines you have placed your wager on. If a winning combination aligns across an inactive payline, you will not be paid. The only way to ensure you will be paid for every possible win is to make a bet on all slot paylines on every spin.
How Much You Really Bet on Penny Slots?
As already mentioned, rarely will you actually bet a penny on slots that boast about being very budget-friendly? That said, the casino will not be benefiting much from slots that allow players to bet as little as a penny on every spin. However, one thing worth mentioning is that low stakes slightly above one penny might actually be a better option for slot players.
If you are playing a multi-line slot, you will most likely bet several credits per payline and bet the same total amount that you would otherwise bet on a single line. For instance, if you play a 5-reel penny slot with 20 paylines, you can bet 5 credits per line and end up betting 100 credits per spin, equaling £1 per spin. Meanwhile, slots with higher betting limits may allow you to bet £1 on a single line.
Even though you will not be betting a penny per spin, such slots will allow you to still make small bets and enjoy a very exciting slot experience. As penny slots allow you to enjoy a fun casino time without exhausting your bankroll in just a few spins, you will have the chance to enjoy longer gaming sessions. One thing to keep in mind, however, is to explore your options at virtual casinos. As many gaming websites will allow you to test games before you start wagering real money, you can shop around and see which options will allow you reasonably low limits and a very enjoyable slot experience.
Mistakes Players Make When Betting on Penny Slots
At first glance, there is nothing too complicated about penny slots, with most of them ensuring a rather simple casino experience. Even though there is nothing complicated about penny slots, many players tend to make rookie mistakes when they engage in such casino experiences. Being informed about the games you play and using the correct strategy will ensure that you can revel in the ultimate penny slot experience.
Mismanagement of bankroll
You may think that since penny slots do not require wagering too much money per spin, there is no need to set up a budget. However, this is a common mistake that many players fail to recognise. The name “penny slots” is used as a marketing technique to attract more players who will be fooled that they will not end up betting too much.
It is important to set a budget limit for your slot sessions and stick to it. That will allow you to stop wagering more money once you reach your limit. Penny slots can be tempting, fooling players to bet on more spins as they seemingly cost less. That is why it is important to keep track of your funds and stop before you go overboard.
Ignoring RTP rates of penny slots
Many casino players are well aware that the potential return (RTP) of a game is one of the most important factors to consider when choosing which game to play. The higher the RTP the better your chances for a long-term profit are. Of course, that also applies to penny slots as each game under that category has its own individual RTP.
While all penny slots will allow you to make budget-friendly bets, not all of them will offer the same potential return. Choosing a penny slot with good RTP may boost your chances of betting less but winning more in the long run. Unfortunately, as these slots tend to cost players less money, they often forget to compare RTPs and opt only for penny slots that promise a good potential return.
Failing to gamble moderately
While slots can be addictive in general, penny slots have an extra type of function that makes them even more compelling. Even though you are not really wagering a penny per spin, these slots still allow you to make small bets and enjoy a fun casino time. That is why it is easy to lose track of time and the money you are spending.
Although penny slots can be very enticing, it is important to know when to stop and leave the casino fun for your next gaming session. Managing the time you spend playing online slots goes hand in hand with setting up a budget for your slot endeavours. Even if you have not reached the time you have previously assigned for slot gambling, if you have exhausted your budget earlier, then it is time to log out of your casino account and do something else that brings you joy.
Keeping penny slot sessions at a moderate quantity will definitely make your casino experience a lot more enjoyable, safe, and even rewarding in the long run.
Can You Land a Big Payout While Playing Penny Slots?
While penny slots are most suitable for recreational players who are not chasing big wins, there are still many slot fans wondering whether it is possible to land a major payout by playing penny slots. It comes as no surprise that players are hoping to enjoy big wins without risking a big portion of their money. That often leads to the question of whether it is possible to land a massive payout by playing penny slots.
Usually, slots developers are open about the maximum payout a game they have created can offer lucky players. If you want to play for the highest possible payout and increase your chances for a major win, we suggest comparing several penny slots and choosing the one that has the best potential for a big win.
In addition to the maximum payout that a penny slot can offer, there is also the chance to land a significant amount by playing a penny slot linked to a progressive jackpot pool. That way you will be playing for a prize that can go up to ten or even several hundred thousand pounds. In that case, you will be playing for a significantly high payout without risking a whole lot.
Even though a jackpot prize may sound attractive, make sure you have set up a budget and you are sticking to it. That way, you can determine the point when it is for the best to stop playing penny slots and avoid getting too addicted to the feeling of chasing jackpots. Just because penny slots are marketed as budget-friendly casino games, that does not mean that they cannot be addictive and lead to dangerous betting patterns. That is why it is important to set up your limits and follow through with your plan for enjoyable and safe slot sessions.
Conclusion
When you hear about penny slots, you may be fooled that you will actually be able to spend as little as a penny per spin. However, this is not exactly the case, as you will end up spending a little more if you want to spin the reels of a slot under this category. That said, penny slots are still very affordable, often allowing you to bet significantly lower than regular slots.
Penny slots can be very entertaining but many players fail to recognise the possible dangers of similar games. No matter how low the bet is, players still need to be careful not to fall into the trap of compulsive gambling. Setting a budget and knowing when to stop are important steps to enjoying a fun penny slot experience.
Despite being more suitable for recreational players, penny slots also have the potential to appeal to those chasing bigger payouts. As some penny slots offer progressive jackpots, they allow players to enjoy a rather budget-friendly slot experience and still play for a hopefully major win. At the end of the day, penny slots are fun casino games that any player could enjoy and it may be worth it to give them a try.
