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Slot machines are the most popular game in any casino. Sure, people bet more on the lottery, and the worldwide sports betting market is huge. But slot machines are the game du jour in most casinos, especially in the United States.

Sadly, slot machines games also offer the worst odds in the casino except maybe for keno. The compounding effect of making hundreds of bets per hour at the slots make these games a bigger moneymaker for the casino than keno.

There’s no science to playing slots. You put your money in, spin the reels, and hope for the best. The only decisions you make are which game to play and how much to bet.

The term minimum bet refers to the lowest possible amount you are permitted to stake on a given market. Generally with the biggest and most renowned bookmakers, the minimum stake will be anything from 1p up to £1. You should note however that the minimum stake can actually vary depending on the selected event, market, or bet type. The maximum bet is 45 coins. If you’re playing the progressive version of the game, be aware that you can’t win the progressive jackpot without making the max bet, but many Internet casinos don’t even offer the progressive version. Jazz Time is another penny slot from RTG. Like Food Fight, it has 5 reels and 9 paylines, but this game has.

This post covers how much you should bet. You’ll often hear so-called gambling experts say you should always place the maximum bet on slot machines.

This isn’t true for most games.

There Are Two Kinds of Max Bets on Slot Games

You’ll only find one “Max Bet” button on a slot machine game, but some games allow you to adjust the number of paylines you bet on. These are older games. They preceded the guaranteed “243 ways to win” games.

Many of the slot games that use configurable paylines have 20 to 50 paylines. You can turn them all off but one.

The first time I saw one of these games, a friend of mine called them “penny slots.”

The minimum bet was 10 cents per payline and the game had 25 paylines. The minimum bet was, to my way of thinking, $2.50. You could never bet just a penny on that “penny slot” game.

The maximum bet was $1 per payline. This was a sneaky way of getting the players to lay down more money. If you hit “Max Bet” on that machine, it took $25 in credits from your balance.

The More Complicated the Slot Game, the Less Likely You’ll Win

Minimum Bet Slot Wins

If you don’t understand how much you’re betting when you push a button on a slot game, there’s something wrong with the game. Perhaps the gaming industry just went through a phase of bad design.

The no deposit bonus is usually a token bonus that doesn't cost the bookies a lot to offer. It may be a cash amount added to your balance or a free bet that comes with or without restrictions of how it can. Online betting no deposit required.

But just because a slot machine game has multiple paylines, you shouldn’t assume that you’ll lose money if you bet on fewer paylines. Each bet on each payline is a separate bet, so playing all the paylines at once might make you more likely to see a winner. But you’ll also see more losing spins on the other paylines to compensate (in the long run, anyway).

The game is still programmed to spin as if all the paylines are active. I watched in horror, as that $25 bet spun the reels. I got lucky and the machine paid a low prize. I didn’t lose $25.

You can save money on a slot machine like this in two ways.

  1. You can bet on fewer paylines.
  2. You can lower the size of your bet.

My buddy disabled all the paylines and played $1. We saw a big prize combination come up but it didn’t pay anything. It was on a deactivated payline. There was no pattern on the one active payline.

A Few Older Games Increased Your Probability With Your Bet Size

This kind of game worked in the opposite way. You didn’t disable or enable paylines. The game’s help screen said some features were only enabled for the max bet.

We deduced that meant the theoretical return to player was calculated only for the max bet. And if the game wasn’t allowing you to use all the features with lesser bets then it must have had a lower RTP.

I went back to play some blackjack that night but my friend stayed and played that game. He did okay, not great. He said it made a big difference to play the max bet.

A Basic Slot Game Doesn’t Change the Probabilities

Whether it’s a 3D video slot with monsters running around the screen or just a classic three-reel game, if the slot game doesn’t disable paylines or require max bets, then the probabilities don’t change.

You can bet the minimum or maximum credits, and it won’t affect the outcome of the game. You simply change the number of guaranteed spins you can play.

If you have $300 and a game has a $1 minimum, you can play that game 300 times. If you make a maximum bet of $5 on every spin, then you can only play the game a maximum of 60 times (if you lose every time).

This makes a difference to some players. Other players say you’re not going to lose 60 times in a row, so why worry about that? Bet the max and get the most from your prize.

Most Progressive Slot Games Only Pay on Max Bets

If you’re playing a progressive slot game, then you need to make a maximum bet. I’ve seen a few games with multiple progressive jackpots where you only needed a max bet for the biggest jackpot.

If you have two versions of the same slot game, one is progressive and the other is not, you might as well play the max bet on the progressive version of the game.

Don’t ever play anything less. The progressive jackpot is awarded randomly.

Progressive slot games have a mixed reputation. I’ve talked to people who refuse to play them. They’re convinced the payouts are less on progressive games.

And I know people who almost exclusively play progressive slot games. They would rather win a big prize beyond whatever the machine itself pays. They don’t have to win $1 million if they can come away with a few thousand.

I’ve seen it play out both ways. I’ve never been in a casino where someone won more than $10,000.

The Math Says Max Bets Put You Ahead Faster

Assuming you find a slot machine that pays reasonably well, maybe it’s on a “hot” streak despite its regular RTP, why not play only max bets?

If the maximum payout is 1000x your bet, you’ll make $999 on a $1 bet or $4995 on a $5 bet. That’s a really simple equation, so why doesn’t everyone bet that way?

If you’re down to your last $20, you may decide to “roll it up. ” But what’s the difference between rolling up $20 and rolling up $200?

It comes down to how many spins you can guarantee yourself. This is a psychological game we play with ourselves. The odds of winning on the next spin are the same regardless of how much you bet.

There Is Another Advantage to Not Making Max Bets

If you want to play a lot of different games and you don’t have an unlimited bankroll, then playing minimum bets allows you to spread your time around.

Some players like to test the games when they visit a casino for the first time. They make a decision based on luck.

I remember watching a man approach a slot machine late one night. I was getting ready to leave. He put a dollar in the machine and spun the wheels.

He went down the line of machines until one of them paid. There, he stopped and began playing.

This strategy has no better chance of winning than any other strategy. But if the player feels better playing slots this way, that’s what matters.

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Slot game designs have become more polished, but their rules are less confusing. People want to push a button and win some money.

I think caution is only warranted if you’re unfamiliar with the games and you don’t know immediately if they have any special rules. It’s always a good idea to read the pay tables first.

Best Bet Slot Wins

And if you’re a little confused by the game rules, then only play minimum bets until you understand what the game is doing.

There’s no need to rush into max bets if you’re not ready to take that chance.

As you might have guessed from the name, penny slots are low-denomination slots where the bet is often under a dollar-per-spin, hence the “penny” part of the title. Don’t let the name fool you, though. Penny slots can actually lead to some of the biggest wins depending on how you play.

When it comes to slots, Silver Oak always goes the extra mile to make sure that we’ve prepared everything you need to know, but penny slots is one of our specialties. We practically wrote the book on how to succeed with low-wager betting, so let’s jump into some of the highlights right now.

How to Win Big with Low Bets Playing Penny Slots

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To win big with a minimal wager is the holy grail of playing penny slots. It is the archetypal scenario where someone tosses a quarter into a machine, only to walk away with, say, a quarter of a million dollars. Slots are largely unpredictable, but there are some ways that you can promote the biggest wins and the longest bonus rounds possible when playing on penny machines.

The two main methods to maximize your efficiency are as follows:

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# 1: Slot Game Volatility

One thing that you want to pay attention to is the volatility of the penny slot that you decide to set your gambling sights on. If you don’t know what the volatility of a slot machine refers to, check out our post on volatility in slots, but suffice it to say, the volatility is the rate in which the machine is going to pay back the money that you put in. In other words, are you going to be getting a bunch of small wins over a long period of time, or is the play going to be more of an ‘all-or-nothing’ type of experience? If you are after that one-time maximum payoff from a penny slot machine, then you want a highly volatile machine.

#2: Slot Machine Research

To find the machine that will suit the style of play described above involves a little bit of research, but the beauty of playing penny machines is that you can play and test out strategy without it breaking your bank too much. High stakes research can be stressful and costly if you do not happen upon any luck, but playing penny slots can be a fairly relaxing way to research and hone your gaming strategy.

Penny Slots Are for High Rollers Too

There is a misconception that penny slots for people that are not looking to spend too much, when it actuality this is not always the case. Sometimes you start off playing the minimum bet, only to find yourself moving up to the maximum bet after luck starts to turn your way. Remember, there is little difference between playing maximum bet on a penny slot machine, and the minimum bet on a more expensive machine—only about a dollar. (See below.)

Typical Payouts of a Penny Slot Machine

Here is something to consider: the average payout of a 20-line slot machine. As mentioned above, take note that playing max bet on one of these machines is just one dollar under what the lowest bet on a dollar machine would typically be: five dollars.

So depending on how you play, a penny machine can accommodate wagers ranging from the most amateur level of player all the way up to the more professional demographic that is comfortable waging four dollars or more each spin.

Try your hand at some penny slots today. For the aforementioned reaons (and many others) this could be the day that you walk away from a low-demomination bet with the payout that one would expect from a more expensive machine.

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Simon is an overactive gambler and the Staff Writer here at Silver Oak. He loves casino bonuses, online slots, and using the em dash too often. Currently, he rests his typing hands in Vancouver, Canada.

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