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Penny Slots Growing in Popularity. Since the dawn of slots, penny slots have been right there attracting gamblers from all walks of life. Since day 1, penny slots have been adored by the general public because they feature what every gambler loves: the chance to win a lot of money without having to risk a lot of money. 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.