Playing slot machines with only one penny seems awfully cheap. Actually, it is cheap but it is exactly what the casinos want you to think.
Gone are the days of the simple 3 reel slot machine, todays machines are gigantic multiline slot machines who have been developed to include any money making trick known in the book. In the comfort department, todays slot machines have improved to accept dollar bills instead of only coins and can give prizes in the form of redeemable tickets, all in order to make the player as comfortable as possible.
The biggest change in modern slot machines is the addition of many more pay lines (a modern slot machine will have at least 20 pay lines and some reach a lot higher) which of course requires many more coins in order to activate all of them. With machine that costs 50c per spin but offers 20 pay lines, the cost per spin can easily reach 10$, and suddenly the old pay less win more slot machine has become a financial burden on the average gambler. For those who say play only the minimum lines, we will remind that in order to win the biggest prizes (and the jackpot, of course if available) you must play the maximum number of lines or your profits will be very slim.
In order to make the players less aware of the cost of playing these slot machines the casinos have come up with 1 penny slot machines. Thats right, 1c per spin. This has become the hottest trend in the casinos slot machine floor and the low denomination has attracted numerous gamblers who now think that playing slot machines has become much cheaper. The focus though has turned into the multiple pay lines which require multiple points in order to maximize profits. Machines exist which will require more than 1500 coin per spin! This makes the average spin cost almost the same as the regular 50c machine.
Are Penny slot machines a suckers bet? Not necessarily. These machines are perfect for a player who came to the casino with the intention of spending a few hours of fun without committing too much money to the casino. On the other hand, those who like to suck every ounce of edge out of the machine and will never settle for anything than less the maximum payout will find better options elsewhere.
By the way you might have noticed some famous jackpots being offered in the penny slot machines, be assure that all in all playing the jackpot in a 1 penny machine and 1 dollar machine has no difference as the total amount required to gamble to be eligible for the jackpot is the same.