Penny Slots

Penny slots are the basis of contemporary gambling. For decades, penny slot machines have been the most popular in the United States. People would pay their buy-ins with pennies and cross their fingers for the best. Do not be deceived by the use of the term "penny" to describe these games. Penny slots are more expensive than they sound. Minimal rewards and low prices are likely the first things that come to mind when you hear the term "penny slots." There are a number of the most popular slot machines available online. From Wheel of Fortune to The Wizard of Oz, The Dark Knight to Wonder Woman, Monopoly to Guns N' Roses, there are a multitude of top-rated online slot games that can be played for a penny. We have compiled a list of the greatest penny slots casinos for your enjoyment.

Penny Slots Casinos

Shazam Casino
Shazam Casino Read Review
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Up to 300% + 100 Free Spins

New players only. Minimum deposit: £25, Wagering requirements: 30x (bonus + deposit). Deposit NOT LOCKED. Maximum bet: £10, Maximum cashout: 20x deposit value. You can get 100% cashback on the first deposit, 50% on 2nd and 3rd deposits (40x wagering requirement). Min deposit for Neosurf is £10. There are more options for the first deposit bonus available. Bonus percentage depends on the payment method used for the first deposit.

  • Payout Speed Up to 3 days
  • Winrate 85%
  • Deposits by cryptocurrencies are accepted
  • Live dealer games are available
  • Live chat support is available 24/7
  • Below-average monthly withdrawal limit
  • Small selection of game providers
BC.Game Casino
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Up to 1 BTC

New players only. Lucky spin up to 1 BTC. Accumulate points to unlock your bonus. Limited to 1 bonus spin per new account.

  • Payout Speed 12 hours
  • Winrate 86%
  • Accepts cryptocurrencies
  • Fast withdrawals through crypto
  • Live chat is open 24/7
  • No responsible gaming options
  • Customer support via phone is not available
VIP Casino
BitFiring Casino
BitFiring Casino Read Review
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100% Match Bonus

New players only. 1st Deposit Bonus Minimum deposit: £25 Wagering requirements: 70x bonus Deposit NOT LOCKED Maximum bet: £5 New players only Full Terms apply Bonus can only be played on slots Multiple games are excluded from the bonus offer

  • Payout Speed 12 hours
  • Winrate 78%
  • No restricted countries
  • Quick registration with only basic information
  • Live dealer games are not available
  • Unclear bonus conditions
Grand Ivy Casino
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25 Bonus Spins

New players only. Min. deposit £20. Max. bonus bet £5. Bonus spins on selected games only and must be used within 72 hours. Winnings from Bonus spins credited as bonus funds and capped at £100. Bonus funds expire within 30 days. Offer is 100% bonus match up to £300 + 25 bonus spins on your 1st deposit. Bonus funds are separate to Cash funds, and are subject to 35x wagering the total bonus & cash. Only bonus funds count towards wagering contribution. Affordability checks apply. 

  • Payout Speed 0-24 hours
  • Winrate 97.3%
  • Live chat open 24/7
  • Mobile friendly design
  • UK Gambling Commission-licensed
  • Multiple country restrictions
  • Bonuses not available for all countries

Always know what you're getting yourself into.

Many gamblers are drawn to penny slot machines solely by their moniker. The term penny slots suggests that players can wager as little as one penny every spin.
However, this is not the case, as the majority of penny slots require you to play a fixed amount of paylines. If you are playing a 50-line penny slot machine, you must wager at least $0.50 every spin.

This is not exactly what novice gamblers have in mind when they play penny slot machines. The same players are frequently surprised when their money disappears quickly. When beginning to play one of these games, you should first consult the help screen. This section describes the required number of lines and minimum wagers for distinct bonus features and the jackpot.

You could wager less on Game of Thrones. However, the majority of slot players do not choose to play a game in which they are ineligible for the best bonus features. Some slot machines require you to pay up to 300 credits, or $3 per spin, in order to qualify for certain bonuses and/or the progressive jackpot; nevertheless, players do not expect to wager $3 per spin on a penny slot machine.

Again, consult the help screen to determine the required wager for each bonus feature. This saves you from being surprised when required to wager $1 to $3 per spin in order to play. The good news is that penny slot machines are less expensive in land-based casinos. Some of these games demand you to play no more than 20 lines in order to qualify for everything.

Prepare Your Bankroll for the Worst

Numerous penny slots might be costly. Sometimes unforeseen events might be financially devastating. Nobody anticipates their heater to fail. When it occurs, and the heater needs to be replaced, you will be faced with a $1,200 price. Hopefully, slot machines will never cost you that much again. On a smaller scale, though, you should always prepare for the worst when playing slots.

This is especially true for penny games that cost 100 to 300 credits to activate all features. In this situation, you risk between $1 and $3 per spin. Already fickle, slot machines produce highly unexpected short-term outcomes. Adding expensive wagers to this unpredictability might create a nightmare for your account. How do you plan for the worst and avoid this nightmare? The optimal method is to perform some basic bankroll calculations. Keep in mind that this is merely an average estimate, and you should have sufficient funds to cover a scenario that is even worse. If you only bring money to the casino that you are willing to lose, this will not concern you.

Don't Be Duped by Colorful Themes and Small Payouts

We are all aware that firms utilize deft marketing strategies to convince us to purchase their products. Similar to slot machines, gaming businesses employ bright themes, 3D visuals, music, and bonuses to grab your interest. Slots manufacturers are aware that their games will be included in more casinos if they attract a big proportion of players. However, do not become so captivated by the theme, images, and alluring music that you lose track of time and money. Instead, recognize that these features are intended to keep you playing for longer than you had originally intended.

Modern slot machines give several little payouts, which is another strategy to avoid. Multiple studies have demonstrated that a psychological effect is triggered when players receive tiny rewards following each spin. These frequent rewards deceive participants into believing they are winning, despite the fact that they are losing money overall. While it's nice to win frequently during a session, you must also consider your overall gains and bankroll.

How we rate

Our online casino ranking system is based on a variety of extremely significant aspects, with security taking precedence. As a minimum requirement, the highest-rated online casinos must have the appropriate security procedures to protect their clients' data and cash. The games provided by online casino sites are evaluated as part of our grading process. There must be a sufficient number of games to choose from, and these games must originate from trustworthy providers with a track record of fair play.

Penny Slots FAQ

Are dollar slots better than penny slots?

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.

Can you win big playing penny slots?

Yes, unquestionably. As we have seen, certain penny slots are linked to a pooled progressive jackpot, and if you are fortunate enough to get the winning combination, you can walk away with a multimillion-dollar payout. Obviously, the odds of winning a progressive jackpot on a penny slot machine are minuscule, but the possibility exists, and there are several accounts of people winning life-changing sums of money from playing these games.

What penny slot machines have the best odds?

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.

Do penny slots have bonuses?

As a general rule, the majority of penny slots lack extra features. This is because the games are based on a format with a small number of paylines, and the machine does not generate sufficient revenue to support extra features. Nonetheless, this is not always the case, as some game creators have incorporated free spins and other bonuses into their games. If you want to play slots with bonus features, you should usually choose a traditional online slot rather than a penny slot. Moreover, if you choose to play penny slots in a land-based casino, bonus features will be uncommon.

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