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When you play slots online, you often see them described as being a certain denomination. Some players even claim that slots of a certain denomination pay better than others.
Not sure what denomination is? Read on to find out more.
We’ll discuss whether some specific denomination slots pay better than others, why denomination matters and playing max bet in slots.
A denomination is a mathematical term referring to the amount of money a coin represents; it refers to how many credits you can get for your money in slots.
When you play an online slot, you choose the coin denomination before you bet. The coin denomination represents the value of each coin. The value of each coin differs from slot to slot, but many have coin values between 0.01 and 1.00.
Slot machines with a 0.01 denomination are often referred to as penny slots. Penny slots may appeal to players with a smaller bankroll or those that want their bankroll to go further.
When choosing a slot to play, coin denominations can be a major deciding factor as they allow varied slot limits. Having a range of slot limits means there will likely be something to suit all kinds of players.
A player’s total bet depends on the number of coins they bet and the number of coins per payline. The highest denomination in slots is betting max. Most slots offer a “bet max” option. If you choose to bet max, check what that amount is on your chosen slot, as some can go into the hundreds of pounds.
Low-denomination slots, or penny slots, are popular in online casinos due to their low cost. You can place bets from as little as £0.01 per spin to start playing.
Penny slots appeal to many players as betting lower amounts per spin means you could enjoy playing your favourite slots for longer than if you were betting more per spin. They may be ideal for beginners as they can play slots whilst risking less per spin than on higher denomination slots. Some popular low-denomination slots include:
On the opposite scale, there are high-denomination slots. These require placing a higher stake per spin than in lower denomination slots, which could potentially lead to playing through your bankroll more quickly. On the one hand, the prizes tend to be a lot bigger if a slot requires placing higher stakes. However, you can never predict wins, as slots are a game of chance, and the outcomes are random. Here are some of the best high-denomination slots to play:
While a higher denomination slot may offer larger payouts, this does not mean that the player will win more simply because they are playing a higher denomination slot. If a player plays a high denomination slot and wins, they are going to win more than if they played a low denomination slot and won, but the only reason for this is that they are spending more to play.
Playing high-denomination slots can get expensive very quickly, with each spin costing more than it perhaps would on low-denomination slots. For example, if you were playing £100 per spin, the losses would add up fast! So always remember to never bet anything you can’t afford to lose.
Rather than looking at the denomination of a slot, consider looking at the RTP (return to player) percentage instead. This indicates how much a slot pays back to players over time. For example, a slot machine with an RTP of 97% would theoretically pay back £97 to players for every £100 over a long period.
A high-RTP slot would have an RTP rate higher than the industry average of 96%. As a result, high-RTP slots generally pay out more to players in the long term and have a lower house edge than low-RTP slots.
Playing max bet in slots means that you are betting the maximum amount possible for that game. When you place a bet, you will notice that there are sometimes “bet min” and “bet max” options. Clicking these is a quick way to choose the maximum/minimum bet.
Some players believe that playing ‘bet max’ gives them a greater chance of winning. However, this is not true. The size of your bet does not matter when playing slots. You could bet £100 or £0.01 and still have the same chance of winning or losing; it doesn’t make a difference. This is because the outcome of a spin is always random. All slots use a random number generator that randomly determines the outcome of a spin. So the bet size is irrelevant.
Of course, if you place a higher bet, then the payouts will be larger, but this is because they are proportional to your bet amount. A payout of 5x your wager will be larger for a wager of £10 than a wager of £5. However, you are staking more per spin, and it means you risk losing money at a faster rate.
The most important thing to remember is to gamble responsibly. Set limits and stick to them. Don’t bet money you aren’t comfortable losing, and never chase losses.
*All values (Bet Levels, Maximum Wins etc.) mentioned in relation to this slot game are subject to change at any time.