Guess all of us with the penny jars might be the smart ones. We can take them to the nearest casino and have hours and hours of fun:
The penny slot machine, once a joke among serious gamblers, is the hottest form of betting during this recession.
Even casinos that cater to wealthy gamblers are replacing $1 machines with video slots that accept bets one cent at a time. "You can play longer with less money on penny slots," says Ed Feigenbaum, editor of Indiana Gaming Insight, a newsletter.
The penny machines accounted for 36% of bets at Indiana casinos in July, up from 8% in 2005.
And the neat thing is that betting pennies wouldn't even feel like gambling. Say, here's a suggestion. I'll give you $1 million, and in return, all you have to do is give me a penny doubled every day for 30 days. Oh, you've heard that one, huh?
