In a slot community recently, a player had a question regarding payouts. It’s pretty well known that penny slots are traditionally set to a lower payout percentage than higher denomination machines. So she was wondering – does your bet amount have something to do with it? If you max bet on a penny machine, does your payout improve?

Gambling is making its way through the US as sports betting expands and states allow the construction of new casinos. What was once a tourist attraction for Vegas or Atlantic City visitors is now a popular pastime.

While sports betting is making the most headway in the US, online casinos and land-based gaming are making more gradual moves to new markets. Illinois recently allowed for the construction of six new casinos while nearby Michigan is gearing up to launch online casinos.

And where there are casinos, be they land-based or online, there are also slots. The glitzy, ring-dinging contraptions are often a source of confusion for rookie gamblers. But slots are actually fairly easy to understand, and I’ve compiled a beginner’s guide so you know how they work and what to expect when you spin the reels.

Are Slot Machines Rigged?

This is the first question many slot players have, and it’s a fair one. Slot machines are not “rigged” in the sense that the casino chooses when a jackpot or big win hits.

Slots are games of chance, just like blackjack, craps, sports betting, or poker. But the mechanics of slot games vary, and the house edge is bigger when you play slots compared to most table games.

The House Edge

The house edge is the profit a casino (or online casino site) makes on each bet you place. You can still win money; the house edge represents a percentage of all bets placed and what the casino will make on those based on the match of a given game.

Online slots and slot machines have a house edge ranging from 2% to 15%, though the 5-10% range is most common. By comparison, blackjack usually has a house edge of 0.5% and double zero roulette sits around 5%.

How To Play

It’s easy enough to sit down at a slot machine, put $20, and spin. But understanding how the actual games work makes the experience much more fun.

Understanding Denominations

You might find slots that advertise themselves as “penny slots.” Even though the name may make you think they cost a penny per spin, it’s not quite so simple. “Penny slots” mean that each pay line you’re betting on costs a penny. A pay line is a left-to-right pathway that connects symbols on the reels. Some are straight lines and some taking a more winding path, such as in the shape of a “W.”

When you play a slot, you choose how many lines to bet on, and this varies based on the slot you’re playing. Some have 243 lines, some have 50, and there are plenty of others in between. The more paylines you hit on a given spin, the more you win.

The more you bet, the more pay lines you have access to. So if you’re max betting on a penny slot with 50 pay lines, each individual spin would cost you $.50.

The cost of each bet changes from one slot to the next, so always check the machine or online slot you’re playing to be sure you know where your money is going.

Symbols And Paylines

Every unique symbol on a slot machine has a specific value. If the symbol ends up in a pay line with identical symbols, you earn a payout based on the value of each one in the pay line.

Slots typically make their highest paying symbols images of the main character on which the slot is based or something similar. Perhaps a pot of gold on a leprechaun game. Lower-paying symbols are usually A, K, Q, J, and 10, similar to cards at a table game.

Spinning The Reels

This, of course, is the ultimate draw of slot machines. The reels blur as they spin into oblivion, then slow to a stop and hopefully get you a winning pay line (or multiple). Depending on how you play, you’ll have a few options for spinning.

Most slot machines have a button that kicks off the spin, while others have the traditional mechanical lever. Some have both, giving you an option. There’s no difference in outcome with either method, but it’s a unique thrill to pull the physical lever.

For online slots players, spinning usually comes in the form of a quick tap of the screen. Certain online slot themes let you auto spin, continuously repeating spins and automatically logging any wins.

Bonuses And Jackpots

If you’ve seen someone win big on a slot game, it’s likely thanks to a bonus or a jackpot. Though you might be inclined to think they’re the same thing, there are crucial differences.

Bonuses

Bonuses are triggered by events during normal slot play. This often means landing three specific bonus symbols on a single spin. There are countless ways to trigger a bonus, though, and slot makers are always thinking of new mechanics.

Bonuses take many shapes and sizes. Many give you a number of free spins with added flair, like a whole row of wild symbols or a payout multiplier.

In many cases, bonuses also give you the opportunity to win a jackpot.

Jackpots

Jackpots are the big wins, the multi-hundred or -thousand dollar hits that you see in movies and on TV. There are two common jackpot types.

Some jackpots can be hit during normal play, and others are triggered by bonuses.

Local Progressive Jackpots

Every time you spin the reels on a slot, you’re contributing to the larger jackpot pool. Machines usually have a top box component or a special area used to display the current jackpot levels.

Local jackpots take from either a single machine or a small group of slot machines, such as a bank of five neighboring machines. As a result, these jackpots don’t get quite as high as their wide area progressive counterparts but can still reach multiple thousands of dollars.

Wide Area Progressive Or Linked Jackpots

Wide area progressive jackpots take from every dollar put into a large number of machines. Because they can pull from a wider pool of players (even across multiple casinos), these jackpots can reach much higher amounts. These are the jackpots that can reach hundreds of thousands of dollars or higher.

Need Help? Slots Have Guides Built-In

If you’re having trouble figuring out how a slot works, try clicking the “Help” or “?” button. Most video slots and all online slots have this option. It will open a page that tells you the value of each symbol, how to hit the bonuses, and more helpful info.

If you’re playing on a mechanical slot machine on the casino floor, you can always ask a casino employee for more information.

Casino floors used to be filled with nickel and quarter slot machines. And casinos made healthy slots profits with these coin denominations for decades.

But nowadays, penny slot machines are the dominant game. These slot machines are enticing because they only require players to bet one cent on each payline.

Some might think of these games as mindless entertainment due to how you’re merely spinning the reels over and over. But I’ve actually learned some important lessons from playing penny slots.

Here are the 5 biggest lessons I learned from penny slot machines, including things I’ve applied to both gambling and real-life situations.

1. Always Understand What You’re Getting Into – Especially With Penny Slots

The name alone is what draws many players to penny slot machines. The term penny slots creates the idea that you can play for as little as one cent per spin.

But this isn’t the case at all, because most penny slots force you to play a fixed number of paylines. If you’re on a 50-line penny slot machine, then you’ll need to wager a minimum of $0.50 per turn.

This isn’t exactly what beginning gamblers have in mind when they sit down to a penny slots game. The same players are often shocked when their money quickly vanishes.

I myself fell for this the first time I played a penny slot machine. I automatically assumed that the game was going to be really cheap, but it drained my funds faster than a nickel or quarter machine.

I’m not saying that casinos are evil for putting these games on their floors. But you need to be aware of what you’re getting into with these games, just like anything else in life.

Here’s a dramatic comparison. You should always read through a contract before signing it, because failing to read a contract before signing could loop you into a bad deal. Likewise, you shouldn’t play a penny slot machine without first reading the help screen.

I realize that there’s more at stake when you sign a bad contract without reading through. But I want to stress that some penny slot machines are like bad contracts of the gambling world.

This explains how many lines you need to play along with minimum bets for specific bonus features and the jackpot.

For example, Aristocrat’s Game of Thrones slot machine requires that you make a 100-credit wager to active the Fire & Blood Bonus.

You can risk less than this on Game of Thrones. But most slots players don’t want to play a game where they don’t qualify for the best bonus features.

Some slot machines require that you play up to 300 credits, or $3 per spin for certain bonuses and/or the progressive jackpot, and $3 is hardly what players expect to wager on a penny slot machine.

Again, read the help screen to find out how much you need to bet to be eligible for every feature. This prevents you from being shocked when having to risk $1-$3 per spin to play.

The good news is that you can find cheaper penny slot machines in land-based casinos. Some of these games only require that you play 20 lines or less to qualify for everything.

2. Prepare Your Bankroll for the Worst

Continuing off the last point, many penny slots can be expensive. And this taught me both a life and gambling lesson in that you should always prepare for the worst.

Sometimes unexpected things happen that can rock you financially.

Nobody expects their heater to go out. But when it does, and the heater needs replaced, you’re staring at a $1,200 bill.

Hopefully no slot machine ever becomes this expensive for you. But on a smaller scale, you should always plan for the worst with slots.

This is especially the case with penny games that require playing 100-300 credits to unlock every feature. You’re risking between $1 and $3 per spin in this case.

Slot machines are already volatile, meaning they produce very unpredictable short-term results. Adding expensive bets on top of this volatility can create a bankroll nightmare.

How do you avoid this nightmare and plan for the worst? The best way is to do some simple bankroll calculations.

Here’s an example for a land-based penny slot machine.

• The average land-based penny slots player loses 350 bets (units) per hour
• You have a $500 bankroll
• You choose a penny slot with 50 lines ($0.50 minimum bet)
• 500 / 0.5 = 1,000 units
• 1,000 / 350 = 2.86
• You can expect your bankroll to last for 2.86 hours on this 50-line game

Keep in mind that this is only an average estimate, and you should have enough money to cover an even-worse scenario. As long as you only bring money to the casino that you’re fine with losing, then this won’t bother you.

3. Don’t Let Colorful Themes and Small Payouts Trick You

We all know that companies use clever marketing campaigns to get us to buy the products.

I accept this fact because businesses are out to increase their profit margins. And marketing is one of the best tools to make this happen.

But on the same note, I don’t want to be a slave to clever marketing and buy a bunch of things I don’t need.

Slot machines are similar in that gaming companies use colorful themes, 3D graphics, music, bonuses, and more to attract your attention. Slots makers know that their products will be placed in more casinos if they draw a large share of players.

I have no problem with people choosing slot machines based on the themes and surrounding entertainment. After all, the point of playing slots is to have fun.

But don’t get so sucked into the theme, graphics, and alluring music that you lose all sense of time and money. Instead, realize that these elements are designed to keep you playing longer than you initially planned for.

Another trick to avoid involves the numerous small payouts that modern slot machines offer.

Multiple studies have shown that a psychological effect kicks in when players receive small rewards after each spin. These frequent payouts convince players that they’re winning, even when they’re losing money overall.

Here’s an example to illustrate this phenomenon.

• You’re playing 100 lines on a penny slot ($1 bet)
• You win a $0.20 payout on one line
• While the win is nice, you’ve technically lost $0.80 overall

Stepping back, anybody can logically see that this is a losing long-term proposition. And $0.20 payouts don’t make up for the loss of $0.80.

But it’s tougher to think in these terms when you’re engrossed in a game while making span after spin. This is another area where you need to be consciously aware of what game manufacturers are doing.

While it’s great to net lots of wins in each session, you also need to keep your overall winnings and bankroll in mind.

4. Playing Lots of Lines Is Entertaining

I’ve already discussed how expensive penny slot machines can be. But one of the greatest benefits is that you can also win lots of payouts thanks to the numerous lines.

Every payline that’s in play gives you a chance to win. And while the odds of winning with each line aren’t great, it’s still fun knowing that you have 50 or more chances to win on each turn.

The same lesson can be applied to life in that people are sometimes willing to pay more for certain forms of entertainment.

One example is how you can race Ferraris and Lamborghinis around the SPEEDVEGAS track for anywhere between $50 and $80 per lap.

Driving go-karts is cheaper and also entertaining. But go-karts don’t give adults the same thrills as driving a Ferrari around a race track.

Playing penny slot machines with lots of lines doesn’t have to comparatively be so expensive either.

Instead, you can choose games with lower volatility that increase your hit frequency, or the odds of winning with each individual payline. Doing so boosts the chances that you’ll net frequent wins and better sustain your bankroll.

A small number of slot machines actually offer a volatility rating in the help screen. For example, you might see between 1 and 5 lightning bolts to indicate how much variance is involved.

Unfortunately, most penny slots don’t have volatility ratings. You have to look for specific factors in this case to determine the game’s volatility.

Here are 3 factors that can help you out.

• Jackpot size
• Number of large payouts
• Number of small payouts

Low-volatility penny slots feature a smaller jackpot, fewer large payouts, and more small prizes than the average game.

A smaller jackpot combined with fewer large prizes means that a slot machine doesn’t need to make up for the top-heavy payout structure. In turn, the game can offer more small payouts on a frequent basis.

Of course, some players are only interested in playing for big jackpots and other prizes. This is perfectly fine if you don’t mind dealing with the chance that your bankroll will quickly disappear.

But if you want to extend your entertainment on a penny slot with 100 or more lines, then look for signs of low volatility.

5. Cheaper Penny Slots Alternatives Exist

Many of the lessons that I’ve learned regarding penny slots came in land-based casinos. But one more lesson I learned comes from the world of online penny slots.

When people can’t afford a specific item or form of entertainment, they seek out companies that can provide them for a cheaper rate.

Not everybody can purchase expensive Gucci or Chanel clothing. But almost everybody can afford clothes at Walmart or on Amazon.com.

And you can look at online penny slots as the Amazon or Walmart of the gambling world.

I’m not saying that the value from online penny slot machines comes entirely from how cheap they are. In fact, a great deal of people play these games just because they’re more convenient than going to the casino.

But it should also be noted that internet penny slots are perfect for anybody who finds land-based slot machines to be too expensive.

Some online penny slots truly embody the name, because the minimum bet is $0.01 (one cent on a single line). This is what many gamblers have in mind when they first hear the words penny slots.

Other games require you to play between 20-50 fixed paylines. While this is expensive for some players, it’s still cheaper than what’s seen in land-based casinos.

On these games, I usually play anywhere from 20-30 lines at a penny apiece.

Also note that many online penny slot machines see you qualify for bonuses and the jackpot no matter how much you wager. This is good for anybody who cringes at being forced to play 100-300 lines for the features.

That said, check out online casinos if you don’t like the prospect of spending $0.50 or more on the average penny slot machine.

Conclusion

The main lesson worth noting about penny slot machines is that they’re not what the name implies. As long as you understand this fact going in, you’ll be perfectly fine with these games.

Vegas Penny Slot Machines

You should note that penny slots in land-based casinos have fixed payline amounts.

Brick-and-mortar casinos have more expenses to pay than online casinos. Therefore, they need to win back a greater rate from slot machine players.

Free Penny Slot Machines

Remember that casinos are businesses like anything else. And their goal is to earn enough money to make profits. That said, requiring 50+ pay lines and using entertaining themes to keep people playing doesn’t make them corrupt.

How To Bet On Penny Slot Machines On Amazon

On the other hand, you want to know this all right away. By knowing this info, you’ll avoid having to learn the same lessons that I did through penny slot machines.

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