How Much Is My Nickel Slot Machine Worth

The concept of nickel slots is very similar to penny slot games. These slots are low-cost machines, that accept bets in the penny and nickel range. On the other hand, they can help you win bigger prizes than you originally wished to. With only a nickel you have thousands of chances to hit the jackpot. This is why they are so attractive.

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Crazy Rumors About Nickel Slots

You may find it surprising, but you can come across some very odd advice regarding nickel slot games online. For example, some sources claim that you should choose games with progressive jackpots that offer nickel spins because they can double your chance of winning big. Actually, it is hard to believe this is true because progressive games suggest lower hit rates and therefore lower payout percentages than flat top games.

Another strange comment regarding nickel slot machines is that you should stop playing before hitting a risk. In other words, even though you have made a good profit, it is better to quit while you are ahead. That can be true up to a point, but imagine that on your first spin you earn $5. If you decide to quit at that point, then you risk spoiling all the fun.

A better plan of action is to define ahead the amount of money that you are ready to lose without having any unwanted financial consequences. This way you can prepare a small budget that you can either double it or give it away without ending up with empty pockets. It is a win-win situation – you had your very good time gambling, and you can still pay your rent.

To avoid any other misconceptions about nickel slots, we have created a list of terms that can clear the picture and give you a better understanding of the theme.

Online Gambling Terms

  • A flat top game – Essentially the term makes reference to the potential jackpot – it is set, and will not increase above a certain amount. In this kind of games, you only extend your chances of winning when you bet more, but not the award as it remains constant (it has been set by the game’s random number generator (RNG) and par sheet beforehand).
  • A progressive jackpot game – The case here is opposite to flat top games. The jackpot is a steadily rising (that is why they are called progressive) based on the amount of money being put into the machine. The crucial difference between the two is that flat top games have fixed jackpot and progressives have an ever-increasing one.
  • The payout percentage – A very important element. It is set on a comparison of the amount of awards paid out to the amount of bets that have been placed. For instance, if an online gambling site shows a report of 97% in payout percentages on all games, this means that for every $100 that are spent there, $97 is paid out in winnings. So, if you see a higher payout percentage than the return, you will get more, which ultimately leads to a longer gameplay.
  • A slot machine’s hit rate – This refers to the fraction of rounds after which the machine tells players they are winners. The higher rate usually means more exciting game, but this is not true for progressive games as they do not allow frequent hits due to the huge jackpot they have to pay.

Gaming Statistics

Now that you know the basic terms regarding nickel slots, we would like to share some statistics with you. The chances of hitting a million dollars on a progressive slot machine equal to 1 in 50 million. So, it would be better if you go with a game that provides you with the realistic opportunity of winning a decent sum of money once in a while.

Difference Between Nickel and Penny Slots

Online slot machines are gaining huge popularity among online chance games. Essentially, the payout percentages get bigger as you increase in domination. So, if you are bored with penny slot games, then you should try playing nickel slots. With the latter, you will be earning bigger bonuses and payments compared to the penny slot games. If you have any doubts, check out some gambling forums, where you can verify this statement with players who review their results after gambling.

Unfortunately, it is harder to locate nickel slot machines than penny slots in land-based casino around Atlantic City or Las Vegas. Find it surprising? Actually, it is not. A large variety of the penny slot machine games are not one cent per spin. You start with wagers on multiple pay lines, and in a while, you end up with $1.25 per spin.

Nickel slot games are the most inexpensive way to have a great time online and earn a decent award. Moreover, they are gaining more and more popularity online, so space is not a problem likewise land-based casinos. In fact, there are numerous options to play online in front of you!

Average Payouts

The amount of prizes that you can earn from slot machines varies a lot. You can even find nickel slot machines with a max wager of 3 to 5 coins per spin. To put this in numbers, for every spin of the reel you will wager 15 cents to 25 cents. The maximum jackpot of these games can also vary, but usually, it is in the lines of $500 and $1500. The nickel machines may not give you the high payout that you can get from the progressive slots, but as we have previously discussed, it is easier to hit the jackpot with nickel slot machines.

There is a lot more to nickel slot machines than meets the eye. However, they are easy to play and lots of fun because you have a bigger chance to win than with any other games. Last but not least, you can find extensive selections online, so choose the one that suits you best or try as many as you like.

Other Types

If Nickel Slot machines are not your thing, check the other ones to find something more up your alley

The most common denominations for slots

  • Pennies ( lowest possible denomination of currency)
  • Quarters (more expensive than nickels but with better payout)
  • Dollars (see how to test your luck with only a dollar to get started)
  • High Limit (games that allow you to play for higher stakes)

Antique Nickel Slot Machine Value

October 15th, 2019 |

Paylines

A payline is a lineup of specific symbols on which a payout will be awarded. Today's slots feature many symbols and paylines. Paylines can line up in horizontal, vertical, diagonal or even zigzag patterns for a win. Plus, you can bet on as many paylines as you want.

Credits and coins

When it comes to slots, your money is converted into “credits” or “coins”, which are valued from pennies to $100. That’s why players talk about penny slots or nickel slots – they’re referring to the machine’s credit value, called the denomination.

Putting money into a slot? Be sure to check how much one credit is worth on that machine.

Tip

The denomination or value of a credit is rarely the same as the cost of a spin on that machine. Even machines called “penny” or “nickel” may actually have minimum bets that are much higher. In other words your spin will never cost only one cent on a penny machine.

What’s the most important thing in slots? Know what prize you’re playing for. When it comes to prizing, every machine is different. Even if they look the same, two machines can pay very differently.

The paytable is the key to knowing your slot machine’s payouts. It shows you the prize value, winning symbol combinations, and which bet sizes correspond to each prize.

Be sure to understand the winning combinations so you’ll know how to tell a real win from a disappointment.

Tip

Find pay tables and help screens on the machines – through a ‘help’ button or “i” on the touch screens. Or ask a slot attendant for assistance. Slot attendants are always available and happy to answer any questions.

Slot
Tip

Check the paytable to know that machine’s top prize and your odds of winning it.

Real Wins vs. False Wins

Sometimes on slot machines, it’s not always easy to tell if you win or lose. It’s possible to get winning combinations of paylines and earn back credits, but not necessarily the full amount that you bet. Pay attention to the amount of the win versus how much you paid for that spin.

Tip

Sometimes a machine will flash and make noises that seem like a win when you’ve actually lost money on that spin.

FALSE WINS IN ACTION

When you win less than what you bet, you've actually lost.
This is called a 'False Win'.

The flashy lights, loud noises and fancy graphics, make it look like you've won, but they’re for your entertainment only. How do you tell the difference?

Hit SPIN to see the difference between a false win and a real win.

FALSE WIN

The win is less than the bet.
Yellow line indicates winning pay line

REAL WIN

How Much Is My Nickel Slot Machine Worth Money

Mills nickel slot machine valueThe win is more than the bet.

How Much Is My Nickel Slot Machine Worth Anything

Yellow line indicates winning pay line

How Much Is My Nickel Slot Machine Worth Per

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