Gamblers have different reasons for playing this game Some prefer to chase big jackpots on certain penny slot machines, while others are fooled by the name.
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As the name suggests these are cheap games However, penny slot machines are cheap for multiple reasons
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Again, many gamblers play penny slot machines under the assumption that they are dealing with cheap games. What they don’t realize, though, is that these slots can take their money just as quickly as others
A penny slot is labeled that it charges you $0.01 per line However, they usually require you to play a certain number of lines
Land-based casinos usually let you play anywhere from 50 to 300 lines per spin. So you are rolling between $0.50 and $3 per round
However, this may not sound so bad when you consider that you have a 50-300 chance of winning But here is another problem where the lines are less likely to be broken
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Each pen slot is different in terms of hit frequency per row However, you can almost always guarantee that there is a very low probability of winning on any given line.
Sometimes, you’ll reel in a 300-line slot and wind up doing nothing You are zeroed out for 300 on this particular spin
Considering the low win frequency of the average penny game, many gamblers quickly burn through their bankroll on these slots.
New players may also wonder when their funds disappear quickly The same gamblers are unlikely to sit down at a slot machine anytime in the near future.
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Penny slot machines are perhaps the most deceptive form of gambling in casinos They sound like bankroll-friendly games that let you enjoy hours worth of gambling
In fact, they can be some of the most unforgiving games That’s why it’s good to know all the reasons behind the pen slot diversion
I mentioned earlier that each row above a pen slot has a lower hit frequency These games are programmed in this way for higher payouts
However, many players do not realize how low the probability of winning each line is They just see that a game offers 50 or 100 lines and think that they will win something most of the time.
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These gamblers might change their tune if they could actually see the hit frequency Unfortunately, this information is not available in any game
The name “penny slot machine” gives the impression that these games are cheap But the only cheap thing about them is the price per line
Brick and mortar casinos pay a lot of money for slot machines They cannot allow gamblers to spin the reels for a penny per round
The name of these slots is somewhat accurate as you only have to bet $0.01 per line. However, when you get 100-300 lines these games become valuable
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Return to Player (RTP) determines how much a game is programmed to return in the long run You can use this diagram to choose the slot machine that gives you the strongest chance of winning
The problem with slots in land-based casinos, however, is that RTP is not available for individual games This data leaves you to make wild guesses on paybacks based on coin names
Many states publish gaming reports that show the average payback for each coin denomination Here’s an example from the Nevada Gaming Commission’s 2018 report
Although it is helpful that you can see how much each coin pays out on average, you have no idea of the RTP for any individual game.
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If you’re playing a quarter slot machine, you just have to assume that it offers a 92.83% payback. It may, however, have a lower RTP
The reason developers of land-based slot machines release payback figures is because casinos can order different RTPs. Developers cannot give you an exact payment percentage for their games
I want to reiterate that penny slot machines are not cheap You’ll spend as much or more on these games as you would with low-stakes baccarat, blackjack, or roulette.
But that doesn’t mean you have to settle for status quo and see your bankroll run out quickly You can instead take the following steps to keep your funds longer
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The first thing you want to do is to thoroughly understand that every penny slot spin has a low probability of winning. Don’t let the tens or hundreds of rows fool you, because you’re not going to win that often
Any winnings you will earn through these games You may end up losing a lot of money before finally hitting a prize worth hundreds or thousands of dollars
Big prizes are the reason penny slots have such a low hit frequency in the first place They pay less time to get rewards at the top
You should always have a bankroll management plan, whether you play slots or other games But this process is especially important with penny slot machines, given how inconsistently they pay
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Bankroll management for slots is not an exact science You are dealing with intangible variables including hit frequency and payback.
A good way to start this process is by estimating your hourly losses If you don’t have a big payout, you’ll probably lose an average of 200 bets per hour.
Other factors to consider are the size of your bankroll and how long you want to play Here’s an example of using these factors to determine how long your bankroll will theoretically last
You should keep in mind that this is just a simple guideline on slot bankroll management, but doing this calculation at least gives you a ballpark figure.
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Slot machines are among the fastest games in the casino Assuming you play at a steady pace, you will spin the reels 500-700 times per hour.
This fast action keeps you locked in games It doesn’t help that slot machines are also designed to keep your attention, thanks to their exciting sound effects and interesting features.
You can pull yourself out of a slot trance by taking frequent breaks These breaks accomplish two goals by slowing down your play rate and making sure you don’t get bogged down in the game.
If you have trouble dragging yourself away from the slot machine, try setting an alarm on your phone. This ring will shock you back to reality and signal that it’s time to take a break
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Internet slots usually feature better RTP than land-based games Online casinos do not have higher overhead costs than their brick-and-mortar counterparts, thus allowing them to pay more.
Most online slots feature between 95% and 97% RTP You can expect this high payout percentage, regardless of whether you are betting a penny or $5 per line.
Also note that some online slots allow you to adjust your coin size and paylines You can play such games for as cheap as $0.01 per spin (one line/$0.01 coin).
I personally don’t like playing only one line per turn But it is good that some online slot sites offer this option
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The pursuit of comps can be a great motivator when playing slot machines You may want to keep playing for hours to upgrade to the next best prize
Be warned, though, that any comps you earn aren’t worth anywhere near the theoretical losses you’ll face while pursuing them. Compared to theoretical losses, many awards are mere pennies on the dollar
You should definitely take advantage of comps when you can Brick and mortar casinos require you to actually sign up for their VIP program before being able to collect rewards. I recommend that you visit a casino’s website or their player’s desk to sign up and get started.
The overall point is that you should not overvalue the prize Instead, play the slots as normal and let the comps come naturally
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Penny slot machines can sound innocuous about how much you’ll end up betting But they are very misleading in this way
They usually require you to play several lines, which increases the cost It doesn’t help that things have a very low hit frequency per row
With all this in mind you should never sit on a penny slot assuming you are playing a cheap game. You may instead want to take a more proactive approach that involves multiple aspects
First off, you should realize that the probability of winning on each line is very low Don’t expect to win frequently at penny slots even with hundreds of available lines
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You may also want to set up a bankroll management plan Calculating this allows you to properly budget for your slot session
Frequent breaks are another aspect that can help preserve your gambling funds Breaks slow down your play rate and take you out of a slot for a while
You may also consider devoting more time to online slots Many of the best online casinos have hundreds of games to choose from These games