Updated: Nov 4, 2024
Penny slots are a great way to enjoy online casino games without spending a fortune. Most games that we display on Casino Cupid are considered penny slots. On this page we share our thoughts on penny slots based on years of experience in the iGaming industry – the good and the bad of penny slots, why to play them, and more.
We have years of experience working with penny slot casinos.
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What are Penny Slots?
Penny slots are casino games that allow players to enjoy gaming with bets as low as pennies, hence the name "penny slots". Perfect for budget-conscious players, penny slots provide entertainment with minimal risk bets as low as $0.1. With a variety of themes and high RTP and volatility options, penny slots are extremely popular among both beginners as well as experienced players.
On this page we focus on the online versions of these machines, known as online penny slots.
Free vs. Real Money Penny Slots
We believe in providing a quality casino experience, which is why we have selected some of the most popular slot games that can be played on a budget.
Find our selection of penny slots that can be played for free or for pennies at the top of this page.
The difference between free vs. real money penny slots is obvious – the difference lies in weather you place a bet for money or not.
The main advantage of playing for free is that there is absolutely nothing to lose, except time. You can spin as many times as you like without a financial risk. However, the downside is that you can't win real money without placing a real bet. So, the benefit of playing penny slots with real money is that, while losses are small per spin, you still have the chance to win and cash out your winnings.
How to Play Penny Slots
This is how you play them, step-by-step:
Select a casino that offers penny slots you like. You can choose based on the game's theme, RTP, volatility, or other features.
Sign up and deposit money. Be sure you do not deposit more than you're comfortable losing.
Choose a slot that appeals to you and start playing. Most slot games are pretty straightforward, all you need to do is adjust your bet size and click to spin the reels.
Wait for the result to see if you've won. Repeat the spin if you'd like.
No matter which online penny slot you play, remember to follow best practices of responsible gambling to avoid getting carried away and losing more money than you can afford.
Find more information on provided by the Responsible Gambling Council.
Our (and Other Players') Favorite Penny Slots
It is impossible to name all penny slots out there, but based on our experience, we have developed some preferences.
The Best High RTP Penny Slots
We can't cover all the penny slots in the world, but here are some high-RTP slots that we recommend:
All of these have a RTP of over 96%, but they are not the only ones. Most slots by Pragmatic Play have very high RTP values.
Top Penny Slots for High Multipliers on Casino Cupid
Some games with extremely high multipliers are:
All of these games have a multiplier of over 20,000.
Online Casinos Where You Can Play Penny Slots in Canada
First of all, if you find a game that you like from the list above, click on the "Play for real" button and we will take you to a casino that offers the selected game.
In addition, here is a short overview of some Canadian casinos where you can play slots on a budget:
Deposits and Withdraws of Penny Slots Casinos
Want to get started but aren't sure how? Each casino decides which payment methods to accept. Therefore, if you've chosen a casino to play at, make sure to check what kind of payment methods can be used there.
For additional information, take a look at our overview of online casino payment methods.
How to Win Real Money on Penny Slots with Low Bets?
Yes, you can win real money on penny slots. Penny slots, just as most other online casino games, are 100% based on pure luck. They use Random Number Generator (RNG) technology to ensure random results that cannot be manipulated. But since the wins are often tied to the size of your bet, then in most cases the wins won't be big.
Just be sure you're playing at a verified online casino, then you won't encounter issues withdrawing your winnings.
Pros and Cons of Penny Slots
As with every game, we have also tried penny slots multiple times to fully understand what are their advantages and disadvantages.
Great for budget-conscious players
Ideal for beginners
Low bets mean smaller losses
Many have free demos
Thousands of games with various themes
They are accessible as they are usually compatible with various devices.
Maximum wins tend to be lower with small bets
Lower bets and wins can mean lower excitement
So, is it worth playing penny slots?
In our experience, the answer is: absolutely. If you place a small bet, there is not much to lose, but you have the chance to try out if these games are even for you. Penny slots are also for you if you like games with various themes. The most common themes include gems, animals, and gemstones, but there are also Ancient Egyptian-, Japanese- or Aztec-themed slot games available.
However, if you prefer strategy games over 100% luck-based games, then Poker might be a better choice for you.
Game Providers that Develop Penny Slots
There are many game developers, but the most popular ones offering penny slots are Pragmatic Play, Playtech and Microgaming. All of these are respectable and well-known game developers whose games have become popular across the globe.
Most penny slots are adjusted to various devices, including PCs, tablets, and smartphones.
Our Experience with Penny Slots
We have tried many penny slots out there and like many of them. We find them to have great entertainment value, no matter if you play for pennies, place larger bets or even try the free demos. And since there are so many different kinds of slots out there, you will never get bored of them.
You do not need to take our word for it, you can look up what kind of advice related to penny slots other people are giving online. Then you can decide for yourself, if these games are for you or not.
Conclusion - Penny Slots are Worth Trying out
With small bets, the potential for losses is lower. Therefore, if you play penny slots responsibly and set limits, they can be a great form of entertainment.
Want to give penny slots a spin? It costs almost nothing.