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Penny Slots. The phrase “penny slots” refers to slot machines that accept wagers as low as $0.01. These days, most slots offer multiple line wagers and other bet multiplier options making most bets much more than a penny per spin. If a game can technically be played at $0.01 per round, it is considered a penny slot.
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If you’re playing penny slots with an average 75% payout, you stand to earn about $4.50 back. If you’re playing a dollar game that pays out an average of 93%, though, you’ll earn $558 back. Keep in mind that these are imagined amounts. When you play chance games like penny slots, you’re subject to the luck of the draw.
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