Do Penny Slots Pay Out Higher Than Traditional Slot Machines?

Penny Slots vs. Regular Slots: Payout Myth Explained

As an avid slots’ player, you may have played many different kinds of slot machine themes with various paylines, wild symbols, and other features that enhance your chances of hitting bonus rounds that give you free spins.

If you are interested in playing slots, known locally as pokies at betFIRST casino, ensure you are familiar with the legalities of online gambling in your area. While they may have more traditional slot machines than penny slots, you can still enjoy the worldwide renowned casino online games that has everyone spinning with delight.

What Are Penny Slots?

Penny slots are slots or pokies machines that only need a bet as little as one cent for a spin to happen. Out of tradition, modern casinos continue to have them on the floor or available for gameplay on their online platform.

Some penny slots offer progressive jackpots that can turn around your small bets into bigger winnings. However, any type of winnings is usually much smaller than a traditional slot machine. Winning payouts would depend on the specific paylines that are within the machine and what type of combination you land on. Remember that slots are a game of chance, and it’s not guaranteed that you will be making a profit.

The Appeal of Playing Penny Slots

There is a convenience factor and low-risk appeal that’s involved when playing penny slots. If you lose on a spin in which you only bet 1 cent to a $1 or even a few dollars on a penny slot machine, it is not as bad as betting $20 or more on a traditional slot machine. Having to not lose out on as much money during the gameplay experience is why many bettors with a fixed budget may flock to a penny slots machine before a traditional one.

Traditional Slot Machines Pay Out More Than Penny Slots

In the world of slots, you get what you receive. Most slots machine Return To Player (RTP) rates average from 93% to 99%. Betting only a penny on a penny slot machine will only get you a fraction of a penny back depending on the RTP rate. You may be lucky to turn that penny into some dollars if you hit any bonus paylines that increase your payout amount.

While both penny and traditional slot machines have an element of chance, remember that each spin’s outcome is entirely random and independent. If you want to increase your chances of a larger payout if a win does occur, it might be better to play on a traditional slots machine than a penny slots one.

How Many Paylines Are on A Penny Slot Machine?

Penny slot machines usually have as much as 50 paylines on the machine on modern day models. Older penny slot machines when they debuted in casinos only had one to a few paylines. Hence, the newer penny slot machines have gotten better with the possible number of paylines that the reels could land on. However, this is still not as good as the amount of paylines on traditional slot machines.

Depending on the volatility of the machine, some traditional video slot machines may have as little as about 10 paylines or as much as a little over 1,000. A lower volatility slot machine will have more paylines because a machine that pays out more maintains this volatility status. Slot machines with a higher volatility will not have as many paylines as its lower volatility cousins.

Conclusion

Traditional slot machines usually pay out more than penny slots because they have more paylines and more possible winning combinations. Regardless of the type of slot machine, always remember that slots are games of chance with no guaranteed outcomes. It’s important to play responsibly.

Please note, the legality of online gambling varies throughout India. Ensure you are fully informed of your local laws before participating. Gambling should be enjoyable, not seen as a way to earn income. Always gamble responsibly and seek help if you feel your gambling behavior is becoming a problem.