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The name “Penny Slot” is something of a misnomer. Most people who don't know better might assume that a penny slot costs a penny to play but that's not the case. For decades, the most popular slot machines in U.S. casinos were nickel slot machines. In the late 1960s, Bally Manufacturing developed an innovative machine called the Money Honey, a penny slot that could be played for up to five coins simultaneously. These multi-line machines that accepted multiple coins per line were a hit with players—despite the fact that they were playing more per pull of the one-armed bandit's handle.
The New Penny Slots Offer Extra at a Price
The new penny slot games offer their fair share of electronic excitement with such features as theme songs from popular game shows and movies, bonus screens, and special mystery payoffs. However, all of these extras come at a cost. The most popular games from the Japanese video conglomerate Konami including 'Race Driver' and 'Beat the Field' require a minimum of 50 coins amounting to a dollar per spin. Several other manufacturers have games with up to 16 lines that require up to 100 coins per spin—totaling a whopping 1,600 pennies.
While slot manufacturer IGT offers a penny version of its popular 'Megabucks' game that can be played for just a few pennies, for the standard 'Megabucks' machine, which is a $1 variety, the player must play three coins per spin, or $3. On the new 'Penny Megabucks,' the player is required to play the maximum of 300 coins per spin, so the price is the same.
The Odds Are With The House
These machines are built to be both fun and addictive. They require a minimum number of coins/lines to qualify for the bonus screens (where the bulk of the payoffs are made). Players must make sure to play enough coins/lines to get the payoff when a bonus hits.
For someone to play a 25-cent video poker game, they'll have to play five coins in order to qualify for a 4,000-coin royal flush. That's $1.25 per spin for a chance to win $1,000. On most penny slots offering payoffs of bronze, silver, and gold, the big payoff is much harder to win than the 45,000-to-1 odds on a video poker game. Plus, the player will likely risk $2.50 to $5 per spin to win it. That adds up.
The Psychology of Small Payoffs
Human beings are creatures of habit and thanks to the lure of instant gratification are prone to gamble. When players consistently receive small payoffs, psychology kicks in. The mind tricks itself into believing, 'Great, I'm winning,' when in reality, the player's initial deposit is usually being frittered away to nothing.
Penny slots have the kind of high hit frequency that ropes players in. As fun and exciting as the promise of winning may be, most of the time, the payoff is actually less than the initial wager on a spin. In other words, the bells and whistles go off on a regular basis but for small payoffs. For example, a player might risk something like 100 coins and only get a payoff of 18 coins.
Play Responsibly
The main issue with gambling in general—and penny slots, in particular—is that as a player, you mustn't forget that your personal bankroll is considerably smaller than that of the casino. Bear in mind that if you budget $200 for a trip to a particular casino where playing a penny slot takes 250 coins per spin, you won't get nearly enough spins to make a dent in the long-odds of hitting a substantial jackpot before your bankroll is exhausted.
Fast Facts: Tips for Newbie Penny Slot Players
As with any form of gambling, playing the penny slot machines should be approached with caution.
- Start by choosing just a few lines or just a single coin per spin.
- It's not recommended for players to automatically hit the maximum spin button.
- Read the help screen to find out how many coins it takes to have a bet on all the lines so you can better decide how many coins and credits to risk per spin.
Overall, players should enjoy their slot play, but never forget that gambling is gambling—especially on penny slots. A handful of pennies is still a dollar per spin. If you're playing more per spin, you'll bust-out fairly often—and it can happen very quickly.
Free to Play Everi Slots Online
Everi’s Mata Hari Slot Review
The original Mata Hari, officially known as Margaretha Geertruida MacLeod (nee Zelle) was a Dutch dancer and courtesan. Having once studied to be a kindergarten teacher, the German spy and femme fatale worked as a circus horse writer, artist’s model and an exotic dancer.
Mata Hari was a well-known seductress and would use this to her advantage by seducing influential men for intelligence. She was ultimately exposed to the French as a German spy, was tried for espionage and executed by a firing squad. It’s said that she blew a kiss to the firing squad after refusing to be tied to the stake.
Everi pays homage to the captivating enchantress in this five-reel slot game featuring the “man-eater” Mata Hari.
Mata Hari: Core Gameplay
The Mata Hari slot machine features five reels, four rows, and 40 paylines. Players can bet a minimum of $.50 up to a maximum of $1,000 per spin.
The Mata Hari symbol is the highest paying symbol within the game and can appear on the reels in purple during the base game or green, during the bonus round. The Mata Hari symbol reigns supreme during free spins where her symbol becomes wild—and her seductive dancing proves it so!
Other valuable symbols in the game are three intriguing male figures—who clearly have some sort of designs on the seductive lady.
Regular wild symbols are easy to spot with the word “wild” clearly shown. The wild symbols will substitute all other symbols to complete winning combinations, except for the “Free Spins” symbol.
The Mata Hari slot machine is equipped with all of the standard functions including an auto-spin button. When clicked, you’ll be provided with the option of 10, 20, 50, 100 or 200 spins. You can quit the auto-spin feature at anytime by pressing the stop button.
Compare Game Features – Paylines – RTP
| Software | Everi |
| Type of Slot | Video Slot |
| Paylines | 40 |
| Reels | 5 |
| Min. Bet | $0.50 |
| Max. Bet | $1,000 |
| Max. RTP | 95.79% |
| Max. Jackpot | 30,000x |
| Features | Wild, Nudge, Free Spins |
| Mobile | Yes |
This is a medium volatility slot with a reported RTP of 95.79%.
The Game’s Good Looks
During her heyday, Mata Hari gained fame as an exotic dancer in the glittering city of Paris. Her act was inspired by the artistic rage of her day for Orientalism.
On stage, the seductress dressed in sexy garb inspired by the harem girls of the Far East. The soundtrack features exotic sounds that reflect Mata Hari’s stage performances.
Everi is making a name for itself based on its brightly colored games. This one is no exception.
Bonus Round: Free Spins
Mata Hari’s depicted beauty aside, the most enticing feature of this slot game are the free spins. Indeed, these spins brim with lucrative potential.
To trigger the the free spins bonus round, you will need to collect 3, 4 or 5 free spin symbols across anyone of the five reels.
- 3 Free Spin Symbols: 2 x multiplier and 10 free spins
- 4 Free Spin Symbols: 3x multiplier and 15 free spins
- 5 Free Spin Symbols: 10x multiplier and 20 free spins
The bonus round includes a nudge feature. If the Mata Hari slot symbol appears on any one of the five reels, the symbol turns into a wild and will fill the entire reel to complete winning combinations. Three or more Mata Hari symbols can equate to fairly substantial wins.
Our Final Thoughts
Everi has infused the notion of the femme fatale into this game’s design through creative artwork and subtle animations.
The Mata Hari slot combines elements of traditional slot games with a few of the modern touches that Everi has become known for.
The game lacks the complex bonus rounds available from other software houses. The free spins feature is the main attraction to the game but is quite difficult to hit. If you do manage to win those free spins, the potential for a substantial win increases significantly.