Nowadays, one can say that there is a slot machine for everyone! Penny, nickel and dollar slots are all different types of slot machines of various denominations. Penny and nickel slots can be called cousins as they fall under the category ‘low limit slots’ suitable for players having small bankrolls. Dollar slots cost a bit more to play and would be regarded as ‘high limit slots’ which are aimed at high-rollers. Remember that in places like Vegas you get people from all ways of life; those big spenders with thousands of dollars in their pockets to wager which are but a small part of the gambling population, and the vast majority who have smaller budgets and find those low limit slots hugely alluring.
Nickel slots, along with penny slots, have become the most popular slots today, for a couple of reasons! First of all, they are very cheap to play, and secondly, they also give low-budget players the opportunity to get more money into action than they originally intended and extend their play.
More About Nickel Slots
Funnily enough, nickel slots are harder to find in brick and mortar casinos than online. This is because, on a penny slot, one spin will generally cost a penny, however, if you increase the number of pay-lines you play on, you’ll soon end up wagering more than a dollar every time you hit the ‘Spin’ button!
If you’re not too sure how much a nickel is worth, one spin on a nickel slot will only set you back 0.05 credits. Costing so little to play, these machines will certainly extend your gaming experience, which means that you’ll play for much longer. For example, if you have 50 credits to spend, on a nickel machine you’ll get more spins with that amount than you would on a dollar slot machine. Furthermore, the top jackpot on nickel slots tends to range between 500 and 1500 credits, if you’re lucky enough to hit it. What’s great with these machines is that they allow you to play for hours and stay within your budget while you do it!
How to Pay Nickel Slots
Playing a nickel slot couldn’t be easier! As I already mentioned, you’ll have more luck finding them in online casinos, where they are in abundance! To begin playing on one of these machines, all you have to do is set the number of pay-lines you wish to play on. It’s important to be aware that one spin per activated win-line costs a nickel, which amounts to 0.05 credits. By this reasoning, the more lines you play on, the more you will end up spending per spin. It’s good to know that the more pay-lines are activated, the higher your chances of winning are – although you will very likely run out of money a lot sooner too. Next, all you have to do is take a look at the Game Info. tab which will tell you all about how to play the slot and a glance at the paytable will show you the symbols you want to land and how much they’re worth. Your final step is to hit Spin button and wait to see what you’ve won.
Versus Penny Slots and Dollar Slots
Nickel slots aren’t as cheap as their cousins, penny slots, but they can be more fruitful at the end of the day; they offer players the opportunity to get more money into action than they had originally intended. The truth is that the payout percentage on a slot machine, which is the average amount of money a slot machine is going to return to the player over many spins, normally increases as you go up in denomination. Therefore, nickel slots tend to offer a higher payout percentage than their lower-stake cousins. There is a reason for this; at the end of the day, the casino wants to make a certain amount of profit from the machine. Thus, low-limit slots are programmed to pay back much less when playing a penny or nickel at a time.
When compared to dollar slots, the size of the jackpot up for grabs is in question. Placing such small bets on penny or nickel slots will only trigger small sized jackpots. Gamblers who spend more than ten credits per spin are automatically in the running to unlock significantly larger prizes. Furthermore, it’s good to know that the plurality of slots don’t pay out their highest possible jackpots unless you bet a specific amount.
Be careful because the cheapest slot machines tend to have the worst odds on offer. Therefore, it would be wise to go for something in the middle, which is where our beloved nickel slots come in! On average, nickel slots return more than 92% of the money put in, whereas penny slots return just 88%. Quarter slots will have a higher payout percentage than nickel slots. Obviously, dollar slots have the best RTP, but not everyone can afford to play on this type of machine.
If you’re a casual gambler who doesn’t want to risk losing too much, you’ll benefit more from playing on this kind of lower denomination slot machine. Even though the payout rate is worse than that of a dollar slot, you will certainly get more out of your gaming experience as your bankroll will go a whole lot further.
Above all, you should also say no to progressive jackpot slots. They are slots with huge jackpots which grow with each bet added to the machine, a small percentage of which is taken and supplies that ever-growing jackpot. These types of slots, which software providers Microgaming and Playtech are especially famous for, not only cost more to play but have smaller payout rates to make those massive jackpots possible. In addition to this, the hit rate, which is the frequency with which you land a winning combination, is also much lower. Therefore, games with small payout percentages and low hit rates are ones to avoid.