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The phrase “penny slots” refers to slot machines that accept wagers in denominations as low as $0.01. These days, most penny slots offer multiple line wagers and other bet multiplier options allowing for bets of much more than a penny per spin, but because players ostensibly can play the game at $0.01 per round, it is considered a penny slot. Penny Slots Online – Where to Play Real Money Slot Machines Most penny slot machines encourage players to bet on multiple pay lines or to bet more than one penny per line. It’s relatively easy when playing a 5 reel slot machine with 25 pay lines to wager $1.25 per spin without even realizing it.
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