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DO DOLLAR SLOTS HAVE BETTER ODDS?

Choosing the right slot to play isn’t that difficult, but with so many of them now available you might decide to look into your chances of winning on different types. 

So what can you expect to find if you play dollar slots compared to the games known as penny slots?

What Are Dollar Slots and Penny Slots?

There are several different ways of breaking down slots into categories, and one of the most popular is by classing them as either dollar slots or penny slots. The key difference here is the amount that you wager to play them.

Penny slots can be played for very modest stakes, while a dollar slot will ask you to place bigger wagers. The mechanism for the games is very similar, so there isn’t a lot about them that changes other than the amount you wager, which also directly affects the amount that you could get back in winnings.

If you’re in a physical casino, then a look around the different slot machines will let you see pretty quickly how much you need to use as stakes to play any of them that catch your eye. They may be side by side or you might see a line of dollar slots and another with penny slots.  

What Are the Odds of Winnings?

One of the main things you want to look at is the payback rate, which is how you can see the effect that the house edge will have on your funds. The more a slot pays back to its players, the greater your chances of winning are.

This rate varies from game to game, although you’ll see it stated by some people that dollar slots have a higher payout rate than penny slots. However, they may be more volatile than machines that accept lower wagers.

A higher volatility game will see your results vary more, so you have more chance of winning big but also of going on a losing run. The fact that you’re betting with more money on the line makes the volatility rise anyway, as you could see a bigger swing in your funds more quickly. 

The Effect of Variable Bet Levels Online

The question of dollar slots and penny slots doesn’t really apply as much as it once did. This is because, according to Bovada, many people are now playing online slots instead. 

These games are divided into categories in many online casinos, based on things like their themes and features.

But what you won’t see are games split into the dollar and penny categories. The reason for this is that they all have variable bet levels. What this means is that you can choose whether to stake just a few pennies or bump up the bet to a dollar or more.

These slots all work in the same way, with a payback rate similar to those seen in lottery games and that doesn’t vary according to the stake. As we saw earlier, you’re increasing the volatility level by playing with more money, but you’re not affecting the payback rate at all.

This approach also gives you the chance to vary your stake as you play. You might start off with just a few coins on the first few spins then start to increase the wager, or you might do it the other way around.

Conclusion

The different ways of playing slots these days give you a great deal of flexibility. In fact, the slots market is hugely varied these days and you can choose from many different options that cover many themes and include features that also vary from one game to another.

The amount that you wager is also important, as it has a big effect on how much you might win and how many spins you’re probably going to get to play with your bankroll. But if you play online there’s no longer any need to look for penny or dollar slots.

Instead, you only need to choose a game that looks good to you. Maybe you like the idea of playing one based on wild animals, on the most famous Greek Gods, or on trips to other parts of the world. There are plenty of different themes to choose from and you’re almost certain to find something that appeals to you.

Once you’ve entered the game, look for the section market bet level or something similar. This is where you can see the minimum and maximum stakes allowed, with a sliding scale of other amounts that you can also select. Then you simply hit the spin and wait to see what happens.

Some players are more suited to playing with high stakes, while others feel more comfortable staking just a few coins each time. Either approach is fine and gives you an equal chance of winning overall. So, it’s just a question of trying to find a slot that you enjoy playing and then see if you manage to get a few winning spins.  

 

 

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