Penny slots have been existed for around fifteen years and it is perceived as one of the best and safest places to play for free and for real money. Lots of players may wonder can you make money on penny slots and the answer is yes indeed. People may enjoy variety of moderns lost with multiple paylines as well as progressive jackpots. The strategy of getting regular wins may not differ substantially from other slots as it is all about risk and rewards, whereas hitting the jackpot could take a while but it is still possible.
How much could be won on penny slot machines?
How much can you win on penny slots may differ significantly depended on various factors but winning off by implementing basic strategies is possible. People also have to make sure what category and types of slots suites them in the best way. Once it is all settled, the general idea of percentage payout on the basis of RTP could be taken as the foundation for managing risk and reward.
If a game is divided into stints that are consisted of several bets, then the probability of financial returns could be calculated on this basis. If loss occurs double the bet in the next stint to recover loss and fix profit, if unlucky repeat the action. Strongly consider:
- RTP percentage of a slot that is played;
- Set the target for the win;
- Make up your mind in terms of limit orders if wins occur regularly;
- Never go for the last cent to be put at stake if it is unlucky day;
- Be aware where and when to stop.
Based on the above mentioned theory, specialists of the industry claim that an average 20%-50% of the sum that is put at stake can be won in a positive scenario. Luck must be on player’s side anyway. Some players claim that can you win at penny slots or not is depended purely on the amount of money is put at stake. For instance, if sums started from USD 1.25 is put at stake, then the chances of winning will be higher. It may be the case but this theory is not mathematically proved as well as not proved by software developers who have no reason not to tell the truth.
Is jackpot possible to be hit on penny slots?
Can you win on penny slots and hit the jackpot is another question that players may ask. Again, the answer is yes but it is all about the probability and the winner is going to be selected randomly. It also depends on what kind of slot is played and what strategy is implemented. The general advice will be to look at the statistics, which slots pay out the jackpot more frequently and at what amounts. Then when it gets closer to an average amount that a certain slot pays, players may start to challenge their luck. Remember the following:
- Use probability theory and basic odds calculations;
- Take chances and remember that it is all risk and reward;
- Jackpot slots cannot think and the winner is going to be selected by the software randomly;
- Make your game in the manner just as though an ordinary slot is played.
If player is lucky then this is his day, if not try some luck next time and take only positive aspects with it. Can you win on penny slots and hit the jackpot is all about pure luck but winning it is possible indeed.