How To Make A Living Playing Slot Machines

  • Can you make a full time living from playing slot machines? Even though it is hard to believe, there are people who make a living off slot machines. They pay taxes on their winnings. They are able to charge their expenses against their winnings when they report their income.
  • Video Poker uses a standard 52-card deck. After you make your wager and press the 'Deal' button, the machine randomly gives you five cards. At this point, you need to choose which cards to keep and which cards to throw away or discard. To keep them, tap on the pictures of your chosen cards on the screen.

Sometime in the distant future, maybe the year 3225 or so, when historians are studying ancient Western society (or what will be ancient Western society by the time), they will marvel at one particular human enterprise perhaps more than any other: the epic, money-sucking efficiency of casinos.

After this video, I fend off sleep to choose another of the thousands of slot machine play videos loaded on YouTube. They run anywhere from one minute to 30 in length, and I’m bleary-eyed in the.

The way casinos have turned the act of separating us from our money into such a marvel of precision and ingenuity is every bit as awe-inspiring as the Egyptian pyramids.

“I could give you a guaranteed method to go into a casino and come out with a small fortune: go in there with a large one,” laughs Sal Piacente, a former casino dealer and security staffer who now runs UniverSal Game Protection Development, a company that trains casino staff members. He and other casino insiders know that casinos exist to not only take our money, but to keep as much of theirs as possible — both by offering games that are tilted in the house’s favor and by having air-tight security measures designed to catch thieves and cheaters.

So Yahoo Travel talked to Sal and other casino experts with decades of experience in the industry to get some dirty little secrets of casinos. Not only are these secrets juicy — knowing them might help you keep a little bit more of your money during your next casino trip. But probably just a little bit.

1. Some games are way more of a ripoff than others — even by casino standards.

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It’s common knowledge that just about every game you’ll find in a casino is tilted in the house’s favor. But Sal says some games are worse than others. “A lot of these games are designed so that the player can’t win,” says Sal. “That’s why the players have to realize they need to stay away from certain games.”

The top of his list: so-called 'carnival games,” which are table games other than the traditional casino fare such as blackjack, craps, and baccarat. “Three-card poker, Let it Ride, Caribbean Stud — all these games have high house advantages where the casino has a strong edge,” Sal says. “People like these games because of the bigger payouts: They get paid 9-to-1, 8-to-1, 250-to-1. But you’re going to lose a lot more than you’re going to win in those games.”

Sal has particular disdain for Double Exposure Blackjack, which he considers a particular ripoff, thanks to strict rules on when you can double down and the fact that if you tie with the dealer without a blackjack, the dealer wins. “That’s over a 9 percent house advantage,” Sal says. “The dealer should be wearing a [robber’s] mask when he deals that game!”

2. Some games are “good” games — or at least better.

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“There are games tourists can play that they have better chances at,” says Derk Boss, a licensed Nevada private investigator and casino security surveillance expert. For one, he points to traditional blackjack. “You can reduce the house advantages by being a skilled player or studying the game,” he says. He also likes video poker. “That’s a game where there are strategies you can study,” he says. “It doesn’t guarantee you’re going to win, but it gives you a much better chance. It’s going to reduce the house advantage and put things a little bit more in your favor.”

3. Everything you see is designed to keep you in the casino.

A couple of gamblers drinking a glass of champagne (iStock)

Anyone who’s spent time in a casino knows they are designed to make sure you’ll lose track of the time (and of the money you’re probably losing). That means no windows and no clocks. “Two in the morning is the exact same thing as two in the afternoon,” says Sal. Some casinos have gone to desperate, and sexy, measures to keep you there and gambling. “They have stripper poles, they have party pits,” Sal says. “You go to Vegas right now, it looks like a gentlemen’s club. You see girls dancing on the poles. It keeps the guys at the table.”

And don’t be fooled by the “free” food and drink offers you might get. Those have the same purpose. “I love when people say, ‘Sal, they gave me a $20 buffet for free!’” Sal says, laughing. “You sat at a blackjack table, you lost $200 and they gave you a $20 buffet.” That’s what you all a good return on investment.

4. Security is probably watching you… for your entire stay.

How To Make Money Playing Slot Machines

Security camera (iStock)

If you’re in a casino, you can assume you’re being watched. “Casinos are very well-covered with surveillance cameras,” says Derk. “Once someone arrives at our property, if we needed to put together their movements over their entire stay, we could easily do so. We would be able to track their movements on the property just about wherever they went — except for like the bathroom and into their hotel room.”

Casinos generally use surveillance to look out for criminals who prey on tourists and the cheaters. And, yes, Derk says they can actually zoom in on your cards if they wanted to. So somewhere in the casino, in a locked, high-tech room, a security guard you’ll never see might be telling you to “hit.”

5. And if you win big, they’re definitely watching you.

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You can bet on it: if you hit a big jackpot, or get on a major hot streak, security has its eyes on you. “When someone is winning a lot of money, they’re always going to get checked by us,” Derk says. “They’re not going to know it, of course. Say a guy wins $100,000 on a blackjack game. I just want to make sure that it’s legal, that he didn’t cheat, that he didn’t count cards or something like that.”

Derk says in that instance, security will do a player evaluation: They will review his/her play on video for signs of cheating or card counting. Then they’ll check out the player. “We have a database of bad guys that are out there and what kind of scams they pull, so we’re gonna check for that,” Derk says.

Slot winners get the same scrutiny. “Say someone wins $500,000 on a slot machine jackpot,” says Derk. “We’re going to review it but we’re just going to make sure everything’s okay — that they didn’t open the machine or do something to it.”

But don’t worry: Security isn’t out to harass winners. “As long as it’s legitimate, we’re okay and we move on,” Derk says. “We want people to win money or else they won’t play.”

6. If you’re cheating, security can tell — they know all the signs.

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Poker players know all about “tells,” behaviors that give away a certain action or intention. Card counters and cheaters have tells, too, and security is on the lookout for all of them. “We look for cheating tells,” says Derk. “Those are just behaviors that, when you’re trained to spot them, they stand out a little bit.” While Derk didn’t want to give away too many of these tells, he did spill a few of them:

--Two guys sitting close together — Derk says two guys playing blackjack at the same table rarely sit close together, especially when there are empty seats. “Most guys just don’t sit like that,” he says. “Women will, most guys will not.” Derk says when you do see that, it’s a potential sign that the pair may be secretly switching cards. “They’re trying to make one strong hand — which, believe me, happens,” he says. “They sit close together and have their arms folded after they’re handed their cards. We suspect that [indicates] they’re switching cards, so that’ll get our attention.”

--Strange or extreme money management — Say someone is betting $100 for three or four hands, then from out of nowhere, bets $10,000. “That to us is an indicator that maybe they’re receiving information,” says Derk. “Maybe they can see the hole card, maybe they’re card counting, maybe they’re tracking a clump of cards. They’re waiting for a certain condition to arrive in the game, so they’re going to play minimally until that change happens and once that happens they’ll hit.” Derk says that’s a major red flag.

--“Rubber-necking” — A dead giveaway of a slot machine saboteur. “If somebody is cheating a slot machine, invariably, they’ll sit at it and they don’t really have to look at the machine because they know what they’re going to cause it to do,” says Derk. “So they’re usually looking around, from one side to the other, looking for security. That’s what we call 'rubber-necking.’ That’s a big tell for us because [normal] slot players don’t do that — they play their machine and they don’t want to be bothered. So if you look around like that, that’s going to get out attention and we’ll stop to figure out why.

7. One place the casino probably isn’t watching you too closely: the poker rooms.

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“Believe it or not, we don’t spend a whole lot of time on poker at all,” says Derk. For one, since poker players play against each other, and not the house, the casino doesn’t have much money at stake. The poker players themselves, do, however, and that’s the second reason why casino security staffers don’t need to monitor poker rooms that closely.

“The players really police themselves,” Derk says. “When you get people who play poker all the time, they know when someone is screwing off or trying to take advantage of something and they’ll say something. They pay attention to it better than anybody.”

8. Dealers would rather you bet your tips for them.

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It’s a basic bit of casino etiquette, but tip your dealers. “Dealers make minimum wage or in some places might make a little bit more than minimum wage,” says Sal. “A dealer’s salary is all tips.”

Sal’s wife and business partner, Dee — a former casino dealer herself — agrees. But she says that despite common casino policy, most dealers would prefer that, instead of handing them a chip or two as a tip, players just put the tip up as a bet. “If a player asks you if you want to bet it or if you just want to take the tip, you’re supposed to just take the tip,” Dee says. “But most of us want to bet it because you have chance of doubling your money.”

9. The dealers feel bad for you.

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When someone loses their shirt, you can expect some silent pity, but not much else. “I can feel sorry for the guy, but I can’t say, 'Sir, you’ve lost enough, you’d better walk away,’” Sal says. “It’s not my job. There’s nothing I can do.”

Still, Sal admits dealers do find themselves following the players’ success, or lack thereof. “If a guy’s tipping, you don’t want him to lose,” he says. “If a guy’s not tipping, you’re rooting for him to lose!”

10. Yes, dealers sometimes steal.

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What’s the most common case of casino malfeasance Sal has dealt with? Hint: It’s not 11 tech-savvy scammers led by George Clooney. “This is not as Hollywood as you would think, but honestly, it’s dealers just reaching in, grabbing a chip and shoving it in their pocket,” Sal says. “Nothing sophisticated.” That’s the reason behind all those strange rituals you may see dealers do. “Everything the dealers do was put in place for a reason,” Sal says. For example, when a dealer leaves a table, they have to “clear their hands.” “They clap their hands and turn their hands palm up and palm down for the camera to show, 'I’m not stealing nothing,’” says Sal.

If a dealer is stealing, Sal says there are many different ways security will handle it, depending on where the casino is. “In Vegas, they’ll arrest you right at a table,” he says. “They’ll actually handcuff and walk you right out so everybody gets to see you. They call it 'The Walk of Shame.’ Some places, they don’t want the negative publicity. They’d rather do it off the game. So maybe they’ll call you to the manager’s office and arrest you there.”

Sure, it’s no secret that in a casino, the game is rigged, numerically, at least. “The longer you’re there, the more the numbers are going to take over and the casino’s going to make money,” says Dee. “Let’s be realistic; they’re in it to make money.” But even though we know the score, that doesn’t take away from how much fun casinos are. “People come there to have a good time,” says Dee. “So if you’re having a good time along the way and you win a few bucks or you lose a few bucks, great.”

More from Yahoo! Travel

Money

The word “comp” is short for “complimentary.” In the gambling industry, comps are free stuff you get from casinos and other gambling companies to incentivize you to gamble with them. Generally, you get more comps based on how much you’re gambling.

When discussing comps, it helps to understand the expression “action.” Being “in action” just means that you have money riding on a bet of any kind.

But “action” also refers to the amount of money you have wagered. It can refer to the amount of money you wager over a period of time, too.

For example, if you’re playing slot machines and betting $1 every time you spin the reels, you’re putting $1 into action every time you spin. If you make 600 spins per hour, then you’ve put $600/hour into action.

Based on the odds behind the game and the payout odds, casinos can estimate the long-term expected losses based on your hourly action. They can then calculate a percentage of that to return to you in the form of comps.

When you’re dealing with traditional land casinos, if you bring much action to the casino at all, you’ll be assigned a casino host. This is the person at the casino responsible for keeping you happy so that you don’t take your action elsewhere. Comps are the main tool a host uses to keep you happy.

Of course, not everyone has a host. You can also get comps almost automatically by signing up for the players’ club and inserting the card into the machines as you play. Pit bosses also have the authority to reward you with comps when you’re playing table games. In fact, the simplest and most common type of comp is the free drink. As long as you look like you’re playing a slot machine, a cocktail waitress will bring you free drinks all night. (She’ll be more attentive if you tip her well, though.)

This post explains the different kinds of gambling comps and what they mean to you as a gambler.

How To Pick A Winning Slot Machine

The Different Kinds of Comps Available

Comps are awarded in a hierarchy based on your value to the casino. The most basic comp is the free drink. Casinos have multiple motivations for gving you free drinks.

For one thing, a gambler who’s inebriated has lower inhibitions. He’s more likely to gamble more money longer. And the #1 factor affecting how much profit a casino makes from a gambler is the amount of time he spends playing.

That’s because casino games have an innate mathematical edge. This edge doesn’t have a huge effect in the short term, because in the short term, anything can happen. But the law of large numbers suggests that the more bets you make, the closer your actual results become to the theoretical results.

Here’s an example:

The mathematical expectation at blackjack is for you to lose roughly 1% of each bet you make on average over time. (This assumes you’re using basic strategy while you play.) That means the casino expects you to lose an average of $1 every time you place a $100 bet.

In the short run, that’s impossible. If you place a single bet at blackjack—which is the ultimate example of the short term—it’s impossible to lose $1 on a single $100 bet. You’ll lose $100, win $100, or win $150 most of the time. If you double down or split, you might win more–$200, $300, or even $400 wins are possible. You might also face a “push,” which is a tie. Your bet is returned, but you don’t win any money… that’s a loss or win of $0.

None of those outcomes come even close to a loss of $1.

That $1 loss is an average over time–over a huge number of bets. If you make 10,000 bets at $100 each, you’re likely to lose close to $10,000. Even with that many bets, it’s possible to deviate wildly from the mathematical expectation.

If you’re the casino, you want to get into the large number range as soon and as often as possible. This ensures your profit. The way to do this is to get players to make lots of bets for lots of money.

And providing free alcohol helps with that. In fact, it’s a small price to pay for the extra action they see.

You can expect more than just free drinks, though. Free food is a small step up from free drinks. At a casino of any respectable size, you’ll find multiple restaurants on site. The 2nd most common type of comp is free food at one of the on-site restaurants.

The free food comp is usually awarded in the form of a coupon. You might have to put more money into action than you think to be awarded free food, but it sometimes depends on the generosity of the pit boss. It can also depend on what kind of rapport you have with the casino staff.

I once got into a spirited conversation with the cardroom manager at Planet Hollywood Casino in Las Vegas. They had a hot dog joint there called Pinks—I guess it’s popular on the West Coast. Anyway, I was trying to convince the cardroom manager that he should buy everyone at the table hot dogs.

Apparently, at the limits I play, you don’t get free hot dogs.

If you qualify for free food and free drinks, you’re not far from qualifying for free lodging, too. Most casinos are also hotels, but even casinos which don’t have attached hotels will get you lodging nearby—if you’re gambling enough.

You can also get upgraded to a nicer room by virtue of the action you bring the casino. (You might also be able to get upgraded to a suite or a nicer room by tipping the desk person $20 when you check in, but that’s not really related to comps.)

In fact, these 3 comps—room, food, and beverage—are so common that they have an abbreviation for it. Bettors who qualify for all 3 are called “RFB” customers.

Notice something about all these comps, too. You’re getting comps that seem to have a certain value. A drink is probably $5 at the bar at a casino. A meal is usually $15 or $20. A room can vary wildly in price, but is often at least $50, $100, or more.

Best Slot Machines To Win On

But those are the retail prices for these comps. The casino doesn’t pay $5 when they mix you a drink. Their cost for that shot of Crown on the rocks is probably closer to $1. The meal at the buffet that the public pays $15 for probably only cost the restaurant $5 to make.

And a hotel room that’s sitting empty generates no money for the casino at all, so they might as well give it away. In fact, the Winstar in Oklahoma has such low occupancy rates during the week that almost anybody can get a comped room. You don’t have to bring them much action at all, really.

Those are just the standard comps for regular down-to-earth players like you and me. High rollers, or “whales,” as the industry calls them, are eligible for all kinds of free stuff. Many of these comps are customized based on what the host knows about the gambler’s interests.

It’s not unusual for a casino to pay for airfare and transportation to and from the airport for a big player. In fact, that’s expected for any high roller.

But entertainment is another popular comp. If you like golf, shows, or sporting events, you can usually get a “free” ride from the casino to go to those outings, too.

Rebates are common, too, even if you’re not a high roller. For low rollers, rebates are often awarded in the form of coupons or free play. High rollers can receive cash or a check as part of their rebate.

The comps program is part of the casino’s marketing plan. Most casinos make heavy use of direct mail to entice gamblers to return to their casino and play. If you’re a member of the players’ club at the casino, you’ll inevitably receive standard comps in the mail.

Based on your interests and betting tendencies, you’ll also get free offers for other perks in the mail, too.

Even low rollers can get free transport to and from the casino. I see buses taking groups of gamblers to the Winstar all the time. Many of the people riding those buses pay nothing for the ride, although they lose enough money at the casino to more than make up for that cost.

But calling these comps “free” is inaccurate. You pay for these comps in the form of gambling losses, even when you’re winning.

How Gambling Companies Do the Math That Makes Their Comps Program Profitable

Other than the free drinks and occasional free coupons sent in the mail, most casinos award comps based on your actual time spent playing. They account for how many bets per hour you make and at what amount when deciding how much to award you and when.

But comps aren’t based on how much you actually lose. Instead, casinos calculate your comps based on your theoretical expected loss. This is a function of the house edge for the games you’re playing, the time you spend playing, and how many bets per hour you’re making.

Over the long run—and casinos serve thousands of customers per day—the casino has an excellent idea of how much your play is worth. If you’re on a winning streak, you still get comps based on your action. The calculations are based on your expected losses, not your actual losses.

Here’s how the casino calculates this:

You play slots exclusively, but you bet $3 per spin. You’re an average player, so you’re making 600 spins per hour. That’s $1800 per hour you’re putting into action.

If the casino knows you like the machines with a 95% payback percentage, they figure that in the long run they’re going to make 5% of your hourly action—or $90 per hour. (5% of $1800 is $90.)

If you spend an average of 4 hours a day playing slots, the casino assumes you’re going to lose $360 a day while you’re there.

They then award you comps based on a percentage of that $360 per day.

How Can You Best Take Advantage of the Casinos’ Comps Programs?

If you’ve heard of the books The Frugal Gambler by Jean Scott or Comp City by Max Rubin, you probably already know a little bit about becoming a “comp hustler” or “comp wizard.” These are players who learn to maximize the amount of comps they receive in exchange for their action.

One way to maximize the comps you get for the money you lose is to play a game with a tiny house edge. If you can play blackjack with perfect basic strategy, you can get the edge in the game down to 0.5%. The average player loses about 4% at blackjack, because the average player doesn’t know perfect basic strategy.

When the casinos calculate your expected loss at the blackjack table, they assume you’re an average player losing 3% or 4%. Since you’re only expected to lose 0.5%, you’re getting comps based on a theoretical loss that’s actually overstated by a factor of between 5 and 10.

Another way to maximize the comps you get is to bet big when you’re being rated by the dealer and the pit boss. “Rating” players is how they estimate your hourly action. Fooling the pit boss is harder than you think.

I was playing blackjack in Kansas City for between $10 and $100 per hand, depending on the count. They rated me as a $10/hand player, even though I was betting more than that on a lot of hands. I complained, but I’m sure they realized I was counting. The last thing they were going to do is rate me higher when they knew I was counting cards.

(I was also a little drunk, so I didn’t notice immediately when they started shuffling the deck after every hand. Counting cards does you no good if the dealers shuffle after every hand.)

Taking lots of breaks can result in fewer hands per hour than the casino estimates, which reduces your expected hourly loss by a lot. If you’re at a blackjack table dealing 60 hands per hour, you could realistically only play 45 hands per hour by taking frequent bathroom breaks.

What effect does that have on your expected hourly loss?

It reduces it by another 25% or so. Instead of losing $10/hour, you might only be losing $7.50/hour. The casino might be estimating that you’ll be losing an average of $40/hour and base your comps on that.

Expert video poker play can also result in smaller expected losses per hour. In fact, with certain video poker games, the combinations of comps with the tiny house edge can result in an overall positive expected value for the player. That’s an advantage gambling technique, but it’s not one you can realistically make a living at. The edge is too small, and games with those pay tables are usually only available for small stakes. You’d be lucky to make minimum wage playing video poker for comps.

How much of your expected losses can you expect back in comps?

It varies, but the casino calculates that they can afford to give you back 40% of your expected loss in the form of comps. You’ll more often see 20% through the players’ program if you’re a low roller, but you can even increase that amount by taking advantage of coupons and “happy hour” type promotions where you get 2X or 3X your standard comp rate.

How Do Online Casino Bonuses Work? Isn’t That Another Form of Comp?

Online casinos can’t serve you drinks or free food. They can’t really provide you with a free room for the night, either. And since you’re playing from home, they’re unlikely to offer you free show tickets, either.

Instead, online casinos offer you sign up bonuses and ongoing deposit bonuses. These amount to free amounts of money awarded to your account just for making a deposit—either as a new player or as an existing player.

Bonus hustlers used to take advantage of these offers to generate almost guaranteed profits. A friend of mine once bought a jukebox by taking advantage of casino bonuses at a dozen different casinos and cashing out his winnings.

Online casinos have responded to this by instituting wagering requirements that make it almost mathematically impossible to come out ahead when taking advantage of a bonus. They also watch player behavior closely, and if that behavior resembles that of known bonus hustlers, the casino might refuse to pay you based on “bonus abuse.”

The concept of wagering requirement seems more complicated than it is. Here’s how it works:

You sign up at a casino that offers you a 200% matching bonus on your first deposit of $1000. You deposit $1000, input your bonus code, and the casino adds $2000 to your balance.

You now have $3000 to play with.

But the casino requires you to wager this amount 35 times before cashing out. They also restrict your play to slot machines. You can play blackjack, too, but only 10% of your blackjack wagers count toward fulfilling your wagering requirements.

And you can’t cash out before fulfilling these wagering requirements.

Let’s assume you want to play the slots. A good ballpark estimate for the house edge on a slot machine game is 6%, but who knows? (The casino does, but you don’t.)

To wager $3000 35 times means you must put $105,000 into action.

The expected loss on that much action is 6% multiplied by $105,000, which is $6300.

Since you started with $3000, the mathematical expectation is for you to go broke before fulfilling your wagering requirements.

On the other hand, if you play blackjack, the house edge is only 0.5%. But since the casino only counts 10% of those wagers toward your wagering requirements, you need to make $1,050,000 in wagers before cashing out.

0.5% of $1,050,000 is still over $5000.

Again, that’s more than your starting bankroll, so it’s unlikely that you’ll have money left over after fulfilling your wagering requirement.

You can, of course, get lucky and win more than you’re expected to. I claimed a bonus at an online casino once for $1000, and I hit a $6000 jackpot on my 5th spin of the reels on a slot machine game.

I was able to fulfill my wagering requirements and still have $2000 in profits.

But that’s because I got lucky—not because I took advantage of a mathematical edge given me by the bonus.

In fact, had I eschewed the signup bonus, I could have cashed out the entire $6000. I wouldn’t have been required to finish fulfilling the wagering requirements.

Conclusion

Casino and gambling comps are really cool, but they’re also a tool that casinos use to get you to lose more money than you’d otherwise lose. Understanding how those comps work is the first step in making sure you don’t get taken advantage of.

Some people learn how to take advantage of the comps system in such a way that they gamble practically for free. It’s even theoretically possible to come out ahead because of the comps program. That’s too much work for most people, but it’s nice to know that it’s possible.

The bottom line about comps is that the casino doesn’t have your best interest at heart. They want your money.

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