What Is A Penny Slot Machine?
There is no such thing as a penny slot machine, that is, a slot in which you insert pennies. Penny slot machines are those that require coins starting at one cent and go as high as $500 or more. Some slot machines may start at two cents up to 25 cents. This is the basis of a penny slot machine. Most of these machines require a specified number of coins to be inserted. For example, if you are betting the max and the slot calls for a $10 max bet, then you would be wagering 100 coins. Moreover, if the slot calls for 50 coins, this would amo0unt to $1 a spin. Literally, with the thousands of slot machine available online and at land-based casinos, the bet amount varies tremendously. However, if the slot machine is set at $1 and the slot amount is a must play 3 coins; then wager per spin would amount to $3.
Are the Payouts on Penny Slot Machines High?I have reviewed 100’s and 100’s of slot machines and I can attest to the fact that some “penny” slot machines do not pay out more than you wager. For example, I might bet 100 coins and only get a return of 18 coins. And this is not only for penny slots, this can occur on higher priced slots as well. When the first penny slot machine was invented, it required only a nickel. The player had the choice of betting one coin or, as I have indicated, a must play 3-coin wager. The same type of slot is still available today. The coins sizes range from one cent to 50 cents. In some cases, the slot IS a 25 cent or 50 cent slot. So the idea that penny slots exist is not the case.
New Slots News
- Five New Slots to Play October 12, 2020
- Octopus Treasure Slots September 25, 2020
- Jackpot Game Types at Drake Casino September 22, 2020
- Wild O’clock Slot Game September 22, 2020
- Bovada Slots Players Spins Win of $155,000 August 10, 2020
- Sample the Sweet 3X Wild Cherry Slots August 10, 2020
- Cleopatra's Pyramid Now Mobile at Liberty Slots August 10, 2020
- New Johnny Jungle Slots Freespins at the Hot Slots Capital August 10, 2020
- New Fast Lane Freddie Slots From Arrow's Edge August 10, 2020
- Free $17 for New Slot 21 that Mixes Up Slots and Cool Blackjack Action August 10, 2020