Online Gambling Penny Slots
- While every online casino offers penny slots and every design company churns out their own 1-cent slot machines, some offer more options than others. I’ll start with the companies like Microgaming, Aristocrat and IGT-Wagerworks, which offer more famous and popular penny slots than their competitors. Then I’ll move on to Playtech.
- Not all the casinos we list offer payments, but we may still list them if they are of a high enough standard. One example of this, would be Betway in the UK - we have listed this casino for over 10 years, as it is a great place to play online slots, yet they do not pay us a penny for any UK players acquired through clicks from our site.
Penny slots are games that have a minimum bet of 0.01 credits. These games are attractive because they allow to play lots of hours with the smallest bankroll. Penny slots are so popular that low rollers are constantly on the look for the new ones; just like high rollers are looking for those exclusive high-end tables.
Online penny slots got their name because players could bet as low as one penny per spin. This way you could play for a long time without investing a big chunk of money in the slot. Modern penny slots are online slots that allow low stakes and thus are more affordable from an initial investment point of view. Don't delete this put up - Instead, simply edit the submit with the requested information. Title: Banned From Online Casino For 'Exploiting'. So, I deposited $1,000 into an online casino referred to as Cafe Casino. Looking for USA Online Casinos? We offer best games & slots!. Join today and get extra bonus 38. Play now at the King of Online Casino! Welcome offer varies per country.
At online casino ShangriLaLive, there are hundreds of penny slots where the bets start at 0.01. This is an excellent choice for new players that are more interested in prolonging the process rather than winning jackpots.
How did penny slots emerged?
First penny slots appeared in the land based casinos. This was possible only when the one-armed bandits had switched from accepting paper money to coins. It was done for two reasons. First of all, the players complained that the machines were not accepting every banknote. Secondly, they wished to play longer, which meant having smaller bets.
However, no casino in USA wished to install the new machines. Nobody in Las Vegas wanted to put any money into making one. Yet, Hotel Flamingo decided to take the risk as they thought it may be very profitable investment despite the research saying that those slots will be popular only among women (a far smaller part of the player base).
In spite of all the predictions, penny slots became very popular and soon covered the whole industry. Later, one row was substituted by many, although the only choice of bets was between 1 to 5 coins.
After that, there started to appear slots with the minimum bets of 10, 20, 40 and even 100 rows. Thanks to machine software, the variety of slots has only increased ever since. Along with the gameplay, developers have added a choice of lines to played with, a wide range of bets.
Difference between land-based and online penny slots
It is not a big secret that maintenance of a land-based casino is quite expensive. Launching and operating an online casino is far cheaper. Therefore, the theoretical return of online slots is far greater than that of on land.
This also works for penny slots. For instance, in Las Vegas the minimum RTP is 75%, that is the standard in most of the low roller’s slots around. Slots with bigger minimal bets and cumulative jackpots may have an RTP up to 93%, almost like in an online casino.
Online penny slots are perfect because the minimal bet does not determine the RTP. Having a minimum bet of 0.01, the RTP may reach 98%.
On average, a land-based slot may play about 600 rounds in an hour. Making the lowest bets possible, the player is able to wager only €6. Moreover, the average sum lost will be equal to 25% of the money bet, about €1.5.
At online casino, penny slots work at about the same speed if they do not have a “quick spin” function which doubles the speed. However, playing online, the loss will be far lower. Making the same €6 worth of bets, the losses may amount to the miserable 2%, only €0.12.
How to choose penny slots?
If the main goal of the game is to prolong the excitement and the gameplay, do choose games with the highest RTP possible. At ShangriLaLive, online casino website, there are dozens of games with the RTP in a range of 95 to 98%.
Most modern games are created with a wide range of bets. The coin size usually starts at 0.01, 0.02 or 0.05 and may end at 5. The obvious low roller’s choice – slots with 0.01 coin size.
Pay attention, most of the time, the bet is made on a single line rather than the whole round. Having chosen the slot with the minimum bet size of 0.01, do check whether it is a bet for a single or multiple lines.
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How to win in penny slots?
The return of the slot depends on the settings that were set by the developer and approved by the regulator, considering it is a licensed game. The longer the game, the more chances the player have to reach the set RTP, which in online casino is about 95-98%.
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However, choosing the right method and the course of the strategy, you may win at slots more often. For this to happen, it is important to have a list of limitation not to be broken: bet limit, number of spins, loss amount, win amount. The best time for exit is usually when the player reaches a certain amount of money above the initial deposit.
Bear in mind, this is only one of the strategies. Knowing bankroll management rules, you may also increase your advantage over the casino.
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Penny Slots at Online Casino ShangriLaLive
ShangriLaLive offers penny slots from the best developers like: Microgaming, Play’n GO, NetEnt, Habanero, BetSoft, iSoftBet, Playson, EGT, Pragmatic Play etc. These are all licensed providers that have slots with high RTP. Furthermore, having joined us you will receive 100% first bonus deposit and some hundred free spins.