Today, reel spinners can enjoy a variety of slots and in this article, we are going to highlight the advantages and disadvantages of playing the so-called penny machines.
In brief, penny slots allow the player to bet the fixed amount of one cent per active payline. Actually, if we talk about old-fashioned machines that used to have one payline only, it would be more precise to say that players were allowed to place a wager amounting to one penny per spin.
Why Play Penny Slots Online. In 2020, players can bet online for mere pennies and cents. There's no need to bring a big bankroll with penny slots online. Instead, just gamble with what you can afford and aim for the biggest jackpots possible. Many modern penny slot machines allow access to good bonus features and even progressive jackpots.
Penny slot machines have been regarded as a source of entertainment for players who cannot afford to risk higher amounts per spin. However, placing a small bet and having smaller chances of hitting a big jackpot does not mean one is unlikely to gradually accumulate significant winnings.
Penny machines were preferred by players who wanted to engage in their favorite slot games without jeopardizing their budget. After all, the smaller and less frequent wins were regarded as fair given the modest amount of the required bet.
Although casino trends have changed over the years, penny machines withstood the competition of more advanced slots and have gone through considerable changes.
Despite the insignificant payouts, penny slots are still attractive to players who want to put less money at risk and still have a memorable gaming session. Contemporary slots, however, offer way more features than old-school penny machines.
Today, slots have multiple paylines, which means players are allowed to place bets that can reach up to $10 depending on the number of paylines they activate. The other advantage of the modern penny slots is that they return more frequent winnings.
It is not surprising that some players are eager to bet on penny slot machines. These games provide them with a seemingly affordable and fun way to engage in gambling activities that can keep them interested for quite some time.
The name itself makes players associate penny slot machines with affordability. You can hardly buy anything for one penny but admit it, it sounds exciting when you can go to a casino even if you have a few coins in your wallet.
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Place a Bet and Use a Proper Strategy
Due to the fact that penny slot machines were a great success, gaming developers made them compatible with mobile devices, so players can have fun at all times, from all places.
When it comes to the size of the bet, penny slot machines are not different from the standard slots where staking the maximum number of coins ensures higher winnings and helps you trigger the bonus round.
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According to the strategy used by experienced players, you can increase your bet if you are winning and decrease it when you are losing. Many players apply the opposite strategy of increasing their bets when they are losing in hopes the next spin would be more profitable.
In general, the larger the coin denomination you choose, the higher the hit rate will be. Your odds of winning are also increased when you play the maximum number of lines.
At first glance, penny slot machines may seem too complicated because of the different number of paylines and the betting limits you have to adhere to, not to mention the wild, scatter and bonus symbols they feature. However, they are quite similar when it comes to operation, and once again, taking a look at the paytable can save you many troubles.
Game Symbols and Hit Rate
Most contemporary penny slot machines feature between 5 and 25 paylines and playing on all lines increases your chances of winning.
Today's slots provide players with a variety of winning combinations and special symbols such as wilds, scatters and bonus icons, all of which contribute to your excellent payout.
In most cases, wilds help you create a winning combination by replacing one or more regular symbols. Three or more scatters landing anywhere on the reels activate bonus games or reward you with free spins. If the game features bonus symbols, three or more of them would usually trigger the bonus features and your chances of winning are enhanced.
As for the jackpots, every game requires different combinations to be formed in order to qualify for a jackpot. In most cases, 5 identical symbols are required.
Payback and Hit Rate. What is the Difference?
Many players are not aware of the difference between payback and win frequency (also called a hit rate). Let us make it clear that the payback is the percentage the player is likely to get back on average after playing for a very long time. Licensed online casinos are required to publish the payback percentage of their slots. As for the win frequency or the so-called hit rate, it is the approximate number of spins players are supposed to make before they receive a payout.
After you have acquainted yourself with the basics of penny slots, it is logical to ask which are the best paying slots of this kind. Well, people say “Many men, many minds” for a reason. The wide variety of penny slot machines in both online and brick-and-mortar casinos makes it really difficult to make a selection of the best ones. Yet, getting started with Cleopatra, Penny Megabucks, and Wheel of Fortune is an excellent idea.
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You can find as many objects to collect as you can find collectors, but some of the most interesting collectibles are slot machines. You can buy them used, but the legality of owning a gambling machine varies from state to state. This page takes a look at some of the issues involved in buying a used slot machine to start or expand a collection of your own.
Where Do You Live?
The first thing you should understand is that no matter where you live, if you’re using a slot machine to offer gambling to other people, you need a license. In some states, gambling is completely prohibited. Chances are you’re an individual collector and don’t have a gambling license, so don’t let people gamble on your games unless you have a high risk tolerance for illegal behavior.
In some states, even collectors aren’t allowed to own a used slot machine. These states include Alabama, Connecticut, Hawaii, Indiana, Nebraska, New Mexico, South Carolina, Tennessee, and Wisconsin. Ownership of slot machines, used or otherwise, is illegal in those states.
Other states have no legal restrictions on slot machine ownership as long as you’re not using them to run a gambling business. These states include: Alaska, Arizona, Arkansas, Kentucky, Maine, Minnesota, Nevada, Ohio, Rhode Island, Texas, Utah, Virginia, and West Virginia.
The other states have specific guidelines based on the age of the machine. For example, in California, Delaware, Illinois, Iowa, Louisiana, Michigan, Mississippi, Montana, New Hampshire, North Carolina, North Dakota, Oklahoma, Oregon, South Dakota, Washington, and Wyoming, it’s legal to own a slot machine as long as it’s at least 25 years old. Other states have higher or lower age limits—in Florida you can own a slot machine as long as it’s 20 years or older, but in Massachusetts, it has to be at least 30 years old. And still other states base it on what year the machine was built; in Illinois and Iowa, for example, it’s only legal to own slot machines that were constructed before 1950.
To the best of my knowledge, this information is complete and accurate, but before buying your own used coin-op slot machine, you should check with local legal authorities to make sure you have the most up to date information. You should always obey the laws in whatever jurisdiction you reside.
What Kind of Dealer Are You Dealing With?
You’ll find plenty of people selling used slot machines on the Internet. Many of these are third-party sellers. That means they don’t offer slot machines directly; instead, they just take your order and then buy the slot machine from someone else and have it shipped to you. You’ll often notice that these third party dealers use stock images or pictures that were stolen from direct dealers’ websites.
It’s better to deal with a direct dealer when you can. These dealers will often offer a warranty on the machines they sell. They’ll also be able to help you over the phone if you’re having a problem operating your game. Third party dealers aren’t able to offer you this level of service.
One way to be sure you’re dealing with an actual dealer instead of a third party is to ask them if you’re able to visit their showroom or warehouse. Third party dealers, for obvious reasons, don’t have showrooms or warehouses.
What Kinds of Used Slot Machines CAN I Buy?
Most dealers offer reconditioned machines that have been retired from use in Las Vegas style casinos. Many of these are the same IGT (International Game Technology) manufactured games that you’re used to seeing in the casino, only older and more primitive. Most dealers also provide replacement parts and repair services.
One thing to look for when considering buying a machine from a dealer is whether or not they use real glass or plexiglass. Real glass is superior as plexiglass fades over time. You can expect to pay a little more for a machine with real glass, but it’s worth the extra cost. If you’ve ever seen a faded plexiglass screen on a used slot machine, you’ll know what I mean.
Many of these games can be set up to enjoy on “free play” mode. You don’t have to insert any kind of money in order to play these games. You can even modify these games to pay out tickets.
Examples of some of the popular and well-known games available for sale on the Internet include titles like Cleopatra, Double Diamond, Munsters, Red, White, and Blue, Sizzling Senves, Tabasca, Texas Tea, and Wild Cherry slots. Many other titles are available besides these, but you’ll recognize a lot of these brand names as still being available (albeit in newer models) in casinos today.
Names Of Penny Slot Machines
How Much Should I Spend?
Used slot machines are collectibles, and they’re priced accordingly. Shipping is usually going to be expensive, too. You can probably expect to pay at least $600 for a good machine and $200 for shipping. Video slots will cost twice that or more, and you’ll sometimes have the option of upgrading to a new LCD monitor when buying a video slot machine. Those are expensive, too–$400 or $500.
Other upgrades you can pay for include stereo sound packages, coin in coin out functionality, and/or backlit reels (on mechanical or electro-mechanical machines). These upgrades generally cost between $100 and $200 each.
Of course, these prices apply to relatively newer slot machines. Older antique slot machines can cost more or less. I’ve seen slot machines from the 1930s and 1940s that were beautifully refurbished for sale for as little as $325. Some of these older machines are barely recognizable as slot machines, but they make beautiful, conversation-worthy collections.
Conclusion
Buying a used slot machine can be a fun way to start a new hobby of collecting gaming machines, but do some research first. You want to make sure that it’s legal to do so before you get started. You also need to do some research into dealers before spending any money. Avoid third-party dealers, and find a direct dealer with a warehouse who offers warranties and telephone customer support.