Our final tip is to make sure to match the deposit bonus offered by the provider. Such promotions are most frequently used for penny slots online. However, these deals gain more popularity among land-based operators. Wherever you choose to play, take advantage of the welcome offer and get the most of your experience with casino penny slots. Before we start discussing the best penny slot variations to play, we should first cover the definition of penny slots. Even though the name of this category of slots may suggest that players pocketwin slots will spend as little as a penny to play these games, this is not particularly true in every case of penny slots. In fact, many slots that fall under this category will have a minimum bet that costs more than a penny. Suppose that you are playing on a penny slot with ten paylines. That means that you are just wagering ten cents per spin. But let8217;s say the slot has 100 paylines, then you are actually risking a dollar each spin, and that amounts to around 600 dollars if you play for an hour.