You could never bet just a penny on that “penny slot” game. The maximum bet was $1 per payline. This was a sneaky way of getting the players to lay down more money. If you hit “Max Bet” on that machine, it took $25 in credits from your balance. I have a question about the amount to play. I play penny slots mostly and have heard different things. Some say you should play the lowest or a lot of people say you should play the max to really hit! I am so confused about this, I thought I would ask your opinion. Dear Linda, Thank you very much for your kind words. For example a 20 line slot with the option to bet 10 coins per line has a 200 coin max bet. Even at the penny coin size this turns into $2 a spin. In most cases you will be fine with just one coin per line and can therefore play for as little as 20 a spin. There is a minor catch - your jackpots won't be as big. Pay attention to the amount you bet per line. Playing the maximum number of lines per spin at the maximum bet per line can add up big time. As stated in step three, the minimum bet on a 20 line machine costs 20 cents per spin, but a maximum bet of 10 cents per line equals a $2 bet per spin.

• Penny Slot Max Bet Jackpot
• Penny Slots Max Bet

Table Of Contents

Penny slots are at the foundation of modern gambling. Penny slot machines have been the most popular ones in the United States for decades.

People would pay their buy-ins with nickels and hope for the best.

When Bally came out with their now famous 'Money Honey' slot, players enjoyed the fact that they were allowed to play for up to five nickels at a time.

Don't be fooled by the fact that the word 'penny' is used to describe these games. Penny slots are not as cheap as they sound.

The first things that pop into your mind when you hear the words 'penny slots' might be low payouts and low costs.

In fact, casino penny slot machines were also viewed as slots that cost nothing but a penny to play, which can't be further away from the truth.

New Penny Slots: 2020 Addition

We've decided to expand the list and present you with a few extra penny slots that have become increasingly popular in 2020.

Take a pick and try out a new penny slot:

Double Tigers

Double Tigers is a well-designed penny slot with 3-reel, 8-payline and d 96.43% RTP.

You also get to adjust the volatility levels thanks to their unique Volatility Levels™ feature.

Necromancer

Evoplay Entertainment has really taken that extra step towards improving the slots experience when they came up with this VR-inspired 95.9% RTP game.

Throw on your VR set, grab your mobile and transport yourself to a place where scary things are happening.

The three-dimensional penny slot world offers you 80 betways and a type of gameplay that you don't see often in gambling.

Disco Bar 7s

With coin value ranging from $0.01 to $50, the max bet you can place on Disco Bar 7s is $500.

It's a classic video slot, so there isn't much going on in terms of bonus rounds, but fill up the spots with Disco Ball wild symbols and score a 10,000-coin win.

This 3-reel, 10-payline slot features an RTP of 95.96%.

Care to see our all-time top 10? Scroll down and enjoy the list and reviews of the best 10 penny slots in 2020!

Top 10 Penny Slots

Penny Slots are more than sitting down in front of a machine and popping nickel after nickel into it, after which you pull the 'arm'.

In fact, today's online penny Slots are an extrapolation of the old ones.

These penny Slots are multi-line games allowing for more than one coin bet per line.

With themes like popular movies, shows and games, but also bonus features and special symbols, these penny slot machines represent the best there is in the gambling industry today.

But enough with the chit-chat! You're here to learn about the best penny Slots you can play right now.

Below you can find a list of 10 greatest penny Slot machine games to play online.

The sites that offer these games offer both free penny Slot machines and free penny Slots with bonus rounds, you'll surely find the favourite suits you best.

All you have to do is pick your favorite, as millions of players around the world vouch for the quality of these very best 10 games.

Book of Dead

We've already mentioned this penny slot, but we'll do it again, this time in more detail.

This penny video Slot is extremely similar to the famous 'Book of Ra', yet still has some new features that will ensure good gameplay, emerging the player into the mysterious Egyptian-theme world the game depicts.

There are 5 reels and 10 paylines in the Book of Dead online Slots game.

The symbol to look for is the Book of Dead, which acts like the Wild and the Scatter of the Slot.

Golden Colts

If you get over the fact that this game is one of the creepiest out there, then you can start thinking about the Mega Symbols, Wild Reels, Stacked Symbols, Wilds, Scatters, Free Spins, and other features Golden Colts has to offer.

Blaze of Ra

Here's another Ancient Egypt virtual world for the fans of gods and amulets to explore .

The 5 reels are covered by 40 potential paylines, which is great considering the screen is cut into 4 rows and 5 columns.

The graphics of this game are very high-quality.

You have your desertic background with pyramids at the back of the reels, while the mighty god Ra stands on the left of the screen, watching your every move.

Land on a Scarab, the Scatter of the game for bonus rounds with free spins.

Pirate's Charm

This Quickspin penny Slot has a Mystery Charm Respin feature which lets you re-trigger bonuses repeatedly in the game.

The thing that makes this game stand out is the possibility to play on up to 243 paylines, which is why many players consider Pirate's Charm to be one of the best Slots ever produced by Quickspin.

As a penny Slot, you can start betting from as low as $0.2 on one spin.

The game feels like the movie Pirates of the Caribbean, offering great visuals and a theme song fitted for a pirate's life feel to it, with stunning visuals and a very nice pirate soundtrack.

Then, if you need more Slots of this kind, have a look at our curated list of the best pirate Slots.

Vikings Go to Hell

We are all familiar with the stories about the courageous Nordic Vikings, the rulers of the Scandinavian seas and the lands surrounding them.

Vikings Go to Hell is a 5-reel, 4-row, and 25-payline Slot featuring the last recorded years of these amazing people.

Of course, the story is fantasized, so the Vikings have to take on the demons of the underworld in order to make it out alive.

Look for the Sticky Wilds which will enable multipliers and free spins once they appear on your reel. The minimum bet? Just $0.1 for one spin.

Divine Fortune

Here's another penny video Slot to consider if you're into Ancient Greek-themed Slots.

This visually gorgeous game will emerge you into the world of the gods with its 5-reels, 3-rows configuration and 20 pay lines.

Having an RTP of 96.69%, Divine Fortune can be more like a 'Divine Comedy' when you land on some Wilds, for example.

There are also three progressive jackpots scattered throughout the game.

Wild Wheel Big Money

Wild Wheel might be just a penny Slot, but don't be fooled by that, as it has one of the most impressive arrays of bonuses in the industry.

Piggy Banks, Wads, Gold Coins, and Dollars, but also Gold Bars and Cash Suitcases, these are the symbols of this Slot.

When you land on 3 Wilds, you get to play the Wheel of Fortune Bonus Game. This is the feature you should hope to become familiar with since it is the best one in the game.

Valley of the Gods

Are you ready to take another trip to Ancient Egypt?

With nice, yet simple graphics, good sound effects and bonuses, Valley of the Gods is one of those Egyptian Slots with a simple gameplay but a great return for their players.

This game by Yggdrasil has the Anubis and the Horus statues as its most rewarding symbols.

The Return to Player rate is 96,2%.

Gold King

With the Gold King Slot, you won't get to earn all the gold on the planet, but at least can spend some time playing a game with good graphics, sounds, and gameplay.

The simple 5 reels, 3 rows, and 20 paylines make this game a favorite with both the novices and the experienced players alike.

Released only a few months ago, this new Slot game is already a hit and the symbols to look for are the Gold Bars and the Gold Kings, for free spins and other bonuses.

Temple of TUT

Remember the famous story of the discovery of King Tutankhamen’s tomb?

How about you yourself take on the trails of Howard Carter and George Herbert and try to figure out the mystery surrounding this Egyptian figure?

In Temple of TUT, there are more Super Reels than there are tombs in the Valley of the Kings in Egypt!

Land on 5 Free Spins Symbols and you will activate whopping 30 Free Spins.

The Stacked Wilds can be randomly discovered after any normal spin, but the symbols to look for are the Light beam and the Golden Scarabs.

Good luck not catching a cold, or a deadly Ancient Curse...

Penny Slots FAQ

It all depends on what you're looking for. Penny slots are amazing for players who like to spend time getting to know the slot machine and spinning reels without the pressure of making bug bets.

Penny slots are great because you can bet as little as $0.01 while you're still learning the ropes, but if you're looking to land some wins, you will probably need to increase your bets. There is no single trick that will help you win on penny slots every time, but slot strategy tips will come in handy.

Generally, if you want a penny slot machine with the best odds, you should aim at those with RTP over 97%. Progressive jackpots, bonus rounds and free spins features should also be taken into account when you're deciding how much you could win on a particular slot.

It's hard to say what penny slot game is the best to play because it varies from person to person. We've put together many great penny slots, so skim through the article and see what strikes your fancy - this list of top penny slots will have your new favourite on it.

Slot machines are the most popular game in any casino. Sure, people bet more on the lottery, and the worldwide sports betting market is huge. But slot machines are the game du jour in most casinos, especially in the United States.

Sadly, slot machines games also offer the worst odds in the casino except maybe for keno. The compounding effect of making hundreds of bets per hour at the slots make these games a bigger moneymaker for the casino than keno.

There’s no science to playing slots. You put your money in, spin the reels, and hope for the best. The only decisions you make are which game to play and how much to bet.

This post covers how much you should bet. You’ll often hear so-called gambling experts say you should always place the maximum bet on slot machines.

This isn’t true for most games.

There Are Two Kinds of Max Bets on Slot Games

You’ll only find one “Max Bet” button on a slot machine game, but some games allow you to adjust the number of paylines you bet on. These are older games. They preceded the guaranteed “243 ways to win” games.

The first time I saw one of these games, a friend of mine called them “penny slots.”

The minimum bet was 10 cents per payline and the game had 25 paylines. The minimum bet was, to my way of thinking, $2.50. You could never bet just a penny on that “penny slot” game.

The maximum bet was $1 per payline. This was a sneaky way of getting the players to lay down more money. If you hit “Max Bet” on that machine, it took $25 in credits from your balance.

Penny Slot Max Bet Jackpot

The More Complicated the Slot Game, the Less Likely You’ll Win

If you don’t understand how much you’re betting when you push a button on a slot game, there’s something wrong with the game. Perhaps the gaming industry just went through a phase of bad design.

But just because a slot machine game has multiple paylines, you shouldn’t assume that you’ll lose money if you bet on fewer paylines. Each bet on each payline is a separate bet, so playing all the paylines at once might make you more likely to see a winner. But you’ll also see more losing spins on the other paylines to compensate (in the long run, anyway).

The game is still programmed to spin as if all the paylines are active. I watched in horror, as that $25 bet spun the reels. I got lucky and the machine paid a low prize. I didn’t lose $25.

You can save money on a slot machine like this in two ways.

1. You can bet on fewer paylines.
2. You can lower the size of your bet.

My buddy disabled all the paylines and played $1. We saw a big prize combination come up but it didn’t pay anything. It was on a deactivated payline. There was no pattern on the one active payline.

A Few Older Games Increased Your Probability With Your Bet Size

This kind of game worked in the opposite way. You didn’t disable or enable paylines. The game’s help screen said some features were only enabled for the max bet.

We deduced that meant the theoretical return to player was calculated only for the max bet. And if the game wasn’t allowing you to use all the features with lesser bets then it must have had a lower RTP.

I went back to play some blackjack that night but my friend stayed and played that game. He did okay, not great. He said it made a big difference to play the max bet.

A Basic Slot Game Doesn’t Change the Probabilities

Whether it’s a 3D video slot with monsters running around the screen or just a classic three-reel game, if the slot game doesn’t disable paylines or require max bets, then the probabilities don’t change.

Penny Slots Max Bet

You can bet the minimum or maximum credits, and it won’t affect the outcome of the game. You simply change the number of guaranteed spins you can play.

If you have $300 and a game has a $1 minimum, you can play that game 300 times. If you make a maximum bet of $5 on every spin, then you can only play the game a maximum of 60 times (if you lose every time).

This makes a difference to some players. Other players say you’re not going to lose 60 times in a row, so why worry about that? Bet the max and get the most from your prize.

Most Progressive Slot Games Only Pay on Max Bets

If you’re playing a progressive slot game, then you need to make a maximum bet. I’ve seen a few games with multiple progressive jackpots where you only needed a max bet for the biggest jackpot.

If you have two versions of the same slot game, one is progressive and the other is not, you might as well play the max bet on the progressive version of the game.

Progressive slot games have a mixed reputation. I’ve talked to people who refuse to play them. They’re convinced the payouts are less on progressive games.

And I know people who almost exclusively play progressive slot games. They would rather win a big prize beyond whatever the machine itself pays. They don’t have to win $1 million if they can come away with a few thousand.

I’ve seen it play out both ways. I’ve never been in a casino where someone won more than $10,000.

The Math Says Max Bets Put You Ahead Faster

Assuming you find a slot machine that pays reasonably well, maybe it’s on a “hot” streak despite its regular RTP, why not play only max bets?

If the maximum payout is 1000x your bet, you’ll make $999 on a $1 bet or $4995 on a $5 bet. That’s a really simple equation, so why doesn’t everyone bet that way?

If you’re down to your last $20, you may decide to “roll it up. ” But what’s the difference between rolling up $20 and rolling up $200?

It comes down to how many spins you can guarantee yourself. This is a psychological game we play with ourselves. The odds of winning on the next spin are the same regardless of how much you bet.

There Is Another Advantage to Not Making Max Bets

If you want to play a lot of different games and you don’t have an unlimited bankroll, then playing minimum bets allows you to spread your time around.

Some players like to test the games when they visit a casino for the first time. They make a decision based on luck.

I remember watching a man approach a slot machine late one night. I was getting ready to leave. He put a dollar in the machine and spun the wheels.

He went down the line of machines until one of them paid. There, he stopped and began playing.

Conclusion

Slot game designs have become more polished, but their rules are less confusing. People want to push a button and win some money.

I think caution is only warranted if you’re unfamiliar with the games and you don’t know immediately if they have any special rules. It’s always a good idea to read the pay tables first.

And if you’re a little confused by the game rules, then only play minimum bets until you understand what the game is doing.

There’s no need to rush into max bets if you’re not ready to take that chance.