The first things that pop into your mind when you hear the words ' penny slots' might be low payouts and low costs. Penny slots are not as cheap as they sound. When Bally came out with their now famous ' Money Honey' slot, players enjoyed the fact that they were allowed to play for up to five nickels at a time.ĭon't be fooled by the fact that the word ' penny' is used to describe these games. People would pay their buy-ins with nickels and hope for the best. Penny slot machines have been the most popular ones in the United States for decades. Penny slots are at the foundation of modern gambling.
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