You will find plenty of tips on how to maximize your winnings and minimize your losses in penny slots. Some of this information will be helpful, but most will be just scams.
For example, I read on one site on the Internet that you should increase your bets when you win and decrease your bets when you lose. This is nonsensical advice because it just doesn’t matter. Each penny slot reel spin is a completely independent event. The fact that you won (or lost) has no effect on the outcome of your next spin. Therefore, raising or lowering your bet size will also have no effect.
Tips How to Win Penny Slots
On another site, I read a tip that a player shouldn’t spend money on a cold slot machine. If you read our article on the myths of slot machines, then you already understand that there is no such thing as a cold or hot slot machine, except perhaps in the past. It is in human nature to look for patterns in events and assume that they mean something. But in the case of penny slots, these patterns have only existed in the past and they were the result of pure chance. Each spin on the slot machine is 100% independent of other spins before or after it.
On the other hand, I’ve seen some tips that can really be helpful when playing penny slots. For example, deciding in advance how much money you are willing to lose in a session is a good and practical decision. It takes into account the fact that you are playing a game with negative expectation. Plus, this tip allows you to view your slots budget as it should be – like spending on entertainment.
Penny slots can be a lot of fun, but playing can cost you more money than you expected. Educate yourself about the mathematical realities on which these games are based even before you start betting money in them.