Penny Slot Machines
Slot machines are one of the most popular games in most casinos across the world today, with thousands getting hooked every year, and contributing almost 70% to a casino's average earning. In Nevada alone, a slot machine caters to eight residents. The slot machine has a long history behind it, and more variations of the so-called "one-armed bandit" continue to emerge and attract customers today.
The precursor of the modern slot machine was invented in 1891 in Brooklyn, New York by Sittman and Pitt. It was largely based on the poker game, and had 50 card faces held by five drums. Players used nickels and pulled a lever to play the game, and they could win beer, cigar, or whatever the establishments would offer since there was no organized payout system back then. To keep a player from winning and make the game profitable for the establishments that offered the game, the Ten of Spades and the Jack of Hearts are usually taken from the deck, making it harder to win a Royal Flush.
In 1899, Charles Fey came up with the first slot machine in San Francisco, California. Called the "Liberty Bell," it was a less complicated and automated model that had three spinning reels with five symbols, namely diamonds, hearts, horseshoes, spades, and a Liberty Bell—hence its name. Since the winning combination was now easier to read, Fey was able to come up with an automatic system for payout. A row of three bells gives the player the largest payoff amount of ten nickels. Soon, another early version of the modern slot machine came out, which had flavored chewing gums for the prizes and featured the flavors as the reel symbols.
The first electro-mechanical version of the slot machine was invented by Bally in 1964. Soon, many modern versions of the slot machine, such as the Penny Slot Machine, came out and attracted more and more people into playing the "one-armed bandit." More about the History of slot machines.
THE PENNY SLOT MACHINE
As many casino operators started to opt for more advanced and computerized slot machines that accept bills, tokens, and paper tickets with bar codes, playing the slot machines became more expensive for most people. However, a few years ago, the penny slot machine came into the picture, with the efforts of casinos to encourage more players by offering a seemingly cheaper option. Newer versions of slot machines usually require more coins per line than a player can produce, even when it was lowered down to the nickel coins. So casinos decided to lower it even further into the penny, the lowest currency denomination in the United States.
The idea of a penny slot machine has started to attract players into trying it out, since the name suggests that it takes only a few pennies to play the game. However, avid slot machine players must note that these machines are not really as cheap as they appear to be and it takes more than a penny to win. A spin that asks for the maximum number of coins in the new penny slot machines can actually cost more than maximum number of coins required by a 3-coin dollar slot machine. Some penny slots require a maximum wager of 1,600 coins, which means that a single spin could amount to $16. Although this is not the usual amount per spin in most casinos, the average is not far behind, since many penny games today usually have 20 lines that requires 50 pennies for each line. That's still $10 to play for a single spin.
ONLINE PENNY SLOTS
Many online casinos have emerged in the last few years, and most of them now offer online penny slot games as well. These online versions work the same way as conventional penny slot machines in casinos, with less hassles. This is because players make all their transactions online, and all they have to do to get started is to fill up a form to register for an account that they can use to play in the actual page or download a game software. Of course, players who wish to sign up for an online penny slot game must be at least 18 years old, and should conform to the taxation and gambling laws of their country or jurisdiction. Some online penny games also offer a 100% bonus just for signing in for a new player account. Deposits for player account funds or bets usually range from $10 up to $100.
The online penny slot is often described as a popular alternative for players who want to gamble in the privacy of their own homes. The online version is also starting to come in more game types, such as a popular online basketball penny slot machine. Online penny slots are also more affordable and offer better chances for winning than those available in land-based casinos. This is possible because the owners and operators of these online penny games have more funds. They don't have to pay for high rents on hotels or buildings, and run on a relatively low operating cost. This is also why online casinos offer discounts and bonuses for their online penny slots and other games.
Another variation to the online penny slot games are online slot tournaments, where players purchase and use play money chips (usually costs from $5 to $35) which also serve as their entry fee. The objective of the tournament players is to get as much play money as possible and eventually end up with the highest amount. A leader board contains a tally of players who have the highest play money as the tournament progresses. Tournaments also vary in terms, some may require as few as 5 players, to as many as 50 players. Some tournaments also allow players to use real money, or require only a single type of slot game. Players can stop and leave the tournament anytime they wish.
HOW TO PLAY THE PENNY SLOTS MACHINE
Players may encounter publications and magazines that claim to hold the secrets to the slot machine, which are often ripped off from various sources in the Internet. Most of the time, these publications are nothing more than false information and hoaxes since a slot machine has a computerized system that generates random numbers or figures. Actually, the first step to playing any game of chance is to distinguish a false (and often ridiculous) strategy from smart techniques that you can actually try out. Learn Strategy for Slot Machines.
Although luck may play a part in gambling, it is not wise and logical to rely on it to win the big prize. Whether you opt to play in the real casinos or in the comforts of your home through online slot machines, the strategy of playing the penny slots remains the same. Always remember to exercise full caution when playing with these machines, because their seemingly cheap cost can take most of your funds. Experts say that it's a bad idea to just go on for a maximum spin right away, since the coins required usually vary from game to game. It is also important to take note of the help screen of the penny slot and identify the number of coins required to make a wager on all of the lines. Decide on how many pennies or how much credit you want to bet on a spin, but experts advise a starting bet of two or three coins per line.
Although these new penny slot machines are provided with a high hit frequency rate, it is still likely that you will win a lesser amount than your first bet per spin. Also, remember that if you want to win big, you must also make your bets big, which means that it can cost you a few hundred dollars in one sitting if you're not careful. Experts say that the best penny slot strategy primarily involves not getting confused by the fact that you play using pennies. It requires more than a penny to take a single spin, and most of the time you're already risking a dollar or more for it. Starting with a coin or two, or three on each line if you're up for a challenge is the best starting move, then increase the wager once you hit a winning streak. If you happen to stumble on the losing side, return to wagering a coin on each line.
The penny slot has been called by some gambling writers and experts as a "wolf in sheep's clothing" because it has the capacity to suck a player's fund dry despite its seemingly affordable cost. As with any gambling game or format, playing the penny slot machine, whether in land-based or online casinos, can be addicting, so make sure that you stop or ask for counseling advice if you happen to experience gambling addiction. Make sure that you're also using your extra money, not funds intended for more important expenditures such as rent, gas, tuition fee, or loan repayment.
Many online casinos will allow you to play free online penny slots without the player actually having to deposit any money. This is certainly a good option to look for when choosing which online casino to play at.
Reviews of Online Penny Slots
There are a wide selection of online penny slots and we have reviewed most of them. Here are a selection of the most popular.
As the Reels Turn is an islot meaning that not only can you play from 1 cent (or penny) per spin but if carries on a storey which unfolds as you play.
Mega Moolah has 4 progressive jackpots including one that starts at 1 million dollars and this game too can be considered a penny slot as you can play from one penny per spin.
The Reel Deal is another very popular online penny slot which has a bonus game based on the Deal or No Deal TV program.
Cash-Caboose is another online penny slot which has a free spins based on the train robbers theme.