Penny Slot Machines: Penny Slots May Be Fun But They Sure Aren’t Free

Slot players stay away from those new fancy penny slot machines, also known as “penny slots.”

The growth of penny slots has continued to lower payback percentages on slot machines.  All these new, gimmicky slot machines sure do look like a lot of fun, but that fun comes at a price.  With the poor economy and the growth of penny slot machines, payouts continue to slide nationwide.  Most of the penny slot machines are set at a payback below 90%, which is very poor.

That means for every $100 put through each penny slot machine the casino is keeping at least $10 worth.  There getting away with it by using technological advancements on the machines, and pricing them at a penny.

Very few patrons only play a penny at a time, however, yet the psychological effect of the penny denomination convinces them that they’re playing small stakes and shouldn’t lose much money.

The reality is they end up with greater losses especially those who play multiple lines with high multipliers.  The bottom line is penny slots may be fun and exciting, but you better be ready to open your wallets.

Instead of playing 100 pennies, you’re much better off playing one credit on a dollar machine (please don’t play one credit if there is a large progressive jackpot, you’ll never forgive yourself).  Find machines where there is no bonus for max credit.

Stick to the older $1 reel machines and your wallet will thank-you.  Many of those machines are set at a payback rate over 95% (some as high as 99%).  I know, I know, there not as fun, but you’ll thank me in the morning.

For more slot info., check out my best-selling slot machine book on Amazon: Click Here!

About Greg Elder

I was 37 years old, a husband and father, a former teacher, college and high school basketball coach, and a business owner, I decided to give it all up (Not the husband and father part) to take a shot at pro gambling. I was coming off a job I hated selling insurance, and I vowed to do something I was passionate about. For the next year I would spend 12-15 hours a day researching, studying, and practicing advantage gambling techniques. The goal was to see if I could sustain our current lifestyle as a professional gambler. I wanted to find out if casinos really could be beat. At the time, I thought it may be the biggest mistake of my life, but my intentions were to have fun trying. It has been an interesting few years since that journey began. My feature book GAMBLERS FIGHT BACK has been released and can be purchased on my author site at www.GREGELDERAUTHOR.com I would consider my pro gambling career to be a success on all fronts. I didn't win millions of dollars, but I was able to enjoy every minute of it. It brought an excitement and passion back into my professional life. It has helped lead me to a writing career that I had no idea I even wanted before this challenge. I was able to write a book that shared with others exactly what I learned along the way.. Gambling professionally is not easy, but there are certain things the average gambler can do to increase their chances of success tremendously. That's the information I try to pass along to my readers.

2 Responses to “Penny Slot Machines: Penny Slots May Be Fun But They Sure Aren’t Free”

  1. At the beginning it looks cheap, fun and interesting but once you are IN , it is hard to leave it and then is when you think and realise you shouldnt have started with this, for all the money you never thought you were going to waste, so for that reason i want to thank you for the information that you are giving us and the advice to save our wallet!!!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: