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I agree with gabby. I never bet more than I can afford to lose. That being said, I try to bet max when I can. Some machines have 30 or even 40 lines (or 50 to 100- like Bombay or Stinckin Rich machines)- then even on a penny machine it's more than I personally want to bet- I still do max lines, but not max coins per line.
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Video slots certainly are part of it. Not only does it take 45, 90, even 200 or more coins to bet the max on a video slot, but many are pure multipliers. They multiply winnings by the number of coins wagered per line, with no disproportionate reward for betting the max.
Years ago, anybody that had any knowledge about slot machines knew that you always play the maximum number of credits or coins. It was similar to video poker where you should never play without betting max coins because if you do, you won’t qualify for the bonus when you hit the royal flush.

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