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Home > Magazine Archives > Sept/Oct 2006 > Tilting at Slot Machines
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Tilting at Slot Machines
Call it a fool's mission, but Jeff Greenfield, the CNN political analyst, headed off to Atlantic City with a pocketful of cash destined for the slots
By Jeff Greenfield
You sense it first: the hint of salt in the air, the widening, flattening of the horizon, the
glimpse of marshland. You know it's just east of where you are, two hours and 125 miles south and
east of New York City. But as the expressway turns and the welcome signs appear, you do not see
the expanse of a magnificent ocean; no, you see a dozen high-rise buildings that block the water's
view: Trump Taj Mahal, Bally's, Caesars, Harrah's, while your approach is lined with billboards of
near-pornographic promise ("Loosest Slots!"). It is fitting that our first look at Atlantic City
is not of the ocean that was once its central attraction, but of the hotel-casinos that have been
dominating the city's landscape and economy for the last quarter century.
For my wife and I have come here not to gaze in wonder at the Atlantic, nor to sample the simple
pleasures of the Boardwalk, whose charm survives even in the face of Burt Lancaster's comment in
the film Atlantic City: "You should have seen it in the old days."
No, Dena and I are here...on a mission.
A really, really stupid mission.
Like the Gallant 600 in Tennyson's "Charge of the Light Brigade," we have chosen to ride into the
Valley of Financial Death. We are risking allor to be more precise, all that this fine
publication has agreed to pay meby challenging the iron laws of mathematics and a century of
experience of millions of gamblers.
We are going to see whether we can make money at the single least gambler-friendly form of
wagering known to man: the slots.
Now it's not as if I don't know that I am embarking on a foolhardy mission. In talking with
renowned mathematician John Alan Paulos about my plan, he says, "It's a very dumb thing to do. In
fact, I think it's dumber than playing the lotterybut at least the lottery has the psychic payoff
of allowing you to daydream for a week, imagining who you're gonna tell off."
I don't need a mathematician's mind to tell me how dumb Paulos thinks this is, because he rewards
me with Voltaire's observation that "the lottery is a tax on stupidity."
Dumber than stupidity...hmmm.
Joe Winert, a journalist who covers the gaming industry, gives me some perspective. He says the
once lowly slot machine was offered in casinos in bygone days primarily to occupy the spouse or
very special friend of a high-rolling craps shooter or blackjack player. Now it accounts for 75
percent of casino revenueand that's 75 percent of the nearly $5 billion that gamblers left in
Atlantic City hotels in the last fiscal year. (Nationally, according to The New York Times
Magazine, casinos took in some $30 billion from slots.)
So what the hell am I doing?
For one thing, I don't know how to do anything else. When I find myself in a casinoalmost always
when I'm in Las Vegas to give a speech or cover a large media conventionI gravitate to the slots
out of fear or ignorance. I can't remember the rules for craps; the cards at blackjack are dealt
so quickly that I break out in a cold sweat after three or four minutes; and I am about as able to
maintain a poker face at poker as Pittsburgh Steelers coach Bill Cowher is at keeping calm when a
Steelers touchdown is nullified by a holding call.
Moreover, I am the victim of the worst thing that can happen to a clueless, very occasional
gambler: I once won big.
As steel-trap-minded Cigar Aficionado readers may remember, the first time I traveled with my
wife-to-be Denato Vegas, for speechifyingwe walked into the New York, New York casino, put two
quarters into a slot machine, and won $1,600. This not only convinced me that I had indeed met my
soul mate; it also imbued us with a kind of arrogance: "Odds? We don't care about no stinking
odds. We're winners!" And over the years we have done a little better than even, according to our
own, highly suspect calculations. (Once Dena hit a $250 win on a quarter "Wheel of Fortune"; less
than a minute later, at an adjoining slot, so did I. Such memories are the stuff of which
foreclosures are made.)
So when the memory of a decades-old New York magazine piece began to stir in my memory, it fired
the blood. That writer had taken his fee and agreed to invest it in a range of lottery tickets:
pocketing the profits and absorbing the losses. (If memory serves, he lost.)
My proposal was similar: Cigar Aficionado would front the $2,500 fee: I agreed to risk it all on
the slots, ranging from quarter machines to the $25 slots (Venturing into Bill Bennett territory
would make no sense; the $500 level could wipe out the stake in less than five seconds.) How did I
define "risk"? The way my wife does: put in a bill, and if you win enough before the bill runs
outmore or less double your investmentyou cash out that bill and put in another. Whatever I lost
was my loss; anything I won over the original fee would be split 50-50 between me and charity.
Before our journey, we armed ourselves with all sorts of information, reliable and otherwise. We
went online to get the slot percentages for every level of machine at every casino in Atlantic
City. For example, the Sands pays out 93.1 percent on its quarter slot, while the Taj Mahal pays
out 89.5 percent. Caesars pays out 99.9 percent on its $25 slots, while Resorts pays out 94.8
percent). We bought a quartet of books that offer advice on beating the slots: if a machine
doesn't pay out after six pullsor 10 pullsmove on. Don't play slots near the table games,
because those players don't like the distracting bells and whistles. Play in the early morning,
after the losers have filled up machines during the night.
("It doesn't make any difference," John Alan Paulos patiently explained to me. "Every spin is
independent of every other spin. It's unlike, say, blackjack.")
And we learned of the special appeal of "cherry dribblers," those machines that seem to provide no
end of chances to win, with extra spins and bonus wheels, with huge payoffs that always seem to
elude the player by just this much, but which, of course, are programmed by a Random Number
Generator to create just that illusion. These, of course, are the games we're most attracted to.
And so, on an overcast afternoon, we pull into the parking garage at Caesars, walk through the
faux-marble entrance, check into our room on the XXXIVth floor, and walk into 131,000 square feet
of instant riches a fingertip away. Rows of slot machines greet us3,100 by the casino's count.
Most make the simple three-reel device invented by Charles Fey in the late 1890s seem like a
diversion from caveman days. "Wheel of Fortune"the billion-dollar-a year breakthrough game that
fused America's lust for gambling with its obsession with televisionhas now been joined by "The
Price Is Right," "Jeopardy" and other games featuring the images and voices of long-dead media
stars from Lucille Ball to Elvis. There are penny slots, nickel slots and every other conceivable
denomination; off to the left are the high-limit slots, set off from more plebian ventures by a
red velvet rope.
Later for that; we're starting modestly, with quarters. At 3:30 p.m., I insert my first $20 bill
into a "Wheel of Fortune." Six minutes later, after playing three-credit spins that produce only
two "wins" (a single cherry, giving back two credits, thus equaling a loss of 25 cents for each
"win"), and without the blessing of a single "Spin," the $20 is gone.
Dena, meanwhile, is playing "Bonus Frenzy," a three-reel game replete with fiery "7"s. She hits a
"100" pay icon; a few minutes later, she cashes out with a $10 profit on her first twenty. So
we're down $10; no problem, we'll make this up in volume.
I take note of the woman sitting next to me, who is blissfully unaware of the workings of the
Random Number Generator. She wins a "Spin" on "Wheel of Fortune," and the wheel gives her a paltry
30-credit payoutjust one click away from a 1,000-credit ($250) win.
"Oh, just missed!" she moans, and immediately switches from pushing the "spin" button to pulling
down the lever, as if this will coax the machine to providing that big payoff she just missed.
Foolish woman; she obviously lacks my fine appreciation of these games, which has enabled me to
lose with a full understanding of the probabilities.
And indeed, at precisely 4:02, three fiery 7's align themselves on the pay line: 100 credits,
twenty-five dollars! Look out, Jaguar dealers, I'm heading your way! At the strong suggestion of
my wife, I cash out with $35. So far, we're down $40 after a half hour of play, but I am
increasingly sure that it is only a matter of time now.
And it is; two minutes later, I'm down another $25. OK, it's time for a change of strategy: we're
moving to the one slot game where a small degree of skill is required: video poker. Here, knowing
what cards to hold actually makes a difference. (You know: if you're dealt five spades, keep
them). And here, the difference in our fortune is palpable: it takes 15 minutes to lose another
$30.
As I mull over the possibilities, I notice that I am behaving exactly the way the makers of these
games want me to. For instance, I am gravitating to machines based almost solely on the
highestand rarestpayout lines. This "Double Diamond" pays 4,000 coins if you line up three
Double Diamond symbols. This one pays 8,000 coins. Both Dena and I are drawn to the games that
provide "Action"hit the right combination on "On the Money" and the reels go crazy, spinning
again, and again, and again, all to the accompaniment of the bizarre sounds of a machine going
crazy. The result may beand usually isonly four or five dollars, but by God, you've done
something, you've cracked the machine.
"The slot machine is brilliantly designed from a behavioral psychology context," psychiatry
professor Nancy Petry told The New York Times. "The people who are making these machines are using
all the behavioral techniques to increase the probability that the behavior of gambling will
reoccur."
Of course, as a highly trained journalist impervious to such irrational forces, I now reach a
flawlessly rational decision: since I have lost at the quarter level, it's time to move up. Step
aside, Michael Jordan; I'm heading to the fifty-cent "Wheel of Fortune" with a hundred-dollar
bill.
The change is remarkable: in two minutes, I am down $50. Three minutes later, I'm down to my last
dollar, which of course I cash out; God forbid I win a "Spin" on the bonus wheel that I can't play
because I've only played one credit instead of three. Clearly another change of strategy is in
order: over we go to the dollar slots. Dena bravely agrees to risk $60 on the dollar "Double
Diamond" (this is the woman who, on our honeymoon, called a halt to our stopover at the Chumash
casino outside of Santa Barbara, California, when we were $12.50 ahead). I'm at the dollar "Wheel
of Fortune." She wins $60 quickly and cashes out; I lose the hundred almost as quickly.
I am beginning to feel like Carmine Sabatini, the Marlon Brando character in The Freshman, who
says to his stockbroker: "The last stock you sold me went down; I don't like it when my stocks go
down." It's one thing when you wander into a casino with a budgeted amount to lose; it's no
different from taking your kid to a video arcade, where you're buying fun, a break from the work
that has brought you there. But now, this is the work. I've agreed to put every penny of my wages
for this enterprise on the line, and I don't care very much right now that the Atlantic City
payout rate for slots is over 90 percent. If this luck keeps up when I move to the high-limit
slots tomorrow, I am looking at one simple possibility: by the time we leave tomorrow, we will
slouch out of Atlantic City with next to nothing, leaving only the sure and certain prospect of
public ridicule.
My dark thoughts are interrupted by Dena's frantic beckoning. Back at the "Bonus Frenzy" quarter
slots, a "Ten Times" hit has given her 500 credits; along with what was left of her original $20,
she cashes out with $135. The euphoria lasts just long enough to watch a succession of $20 bills
disappear into "Triple Stars." With that, we pack it in for the afternoon, with a loss of some
$350.
And this was just the warm-up.
Like an accused criminal overwhelmed by bad news, we decide a change of venue might do the trick;
so we cab over to Borgata, the newest joint in town. It's a sleek two-year-old billion-dollar,
43-story, 2,002-room building for 30-somethings who wait on a line half the length of a football
field for the chance to play in Mixx, a nightclub where a skybox view of the dance floor tents out
for $1,000 a night, and where a bottle of premium vodka can fetch $300. As with every
casino-hotel, there is virtually no way to navigate the place without passing rows of slots,
complete with footrests no less; so we leave with $200 less than we came in with.
Our last stop of the night is Bally's, where we find the "Megabucks" game with its giant
progressive jackpot, standing now at about $6.2 million. And it's a nickel slot! Well, not
exactly! To win the progressive jackpot, with odds of some 45 million to one, you have to play 60
creditsin other words, the same $3 you had to play when it was a dollar slot. You win on just
about every spin; it's just that you generally win fewer than 60 credits, which explains what
happens to my $100 bill in little more than 20 minutes. We retire for the night some $700 down;
the prospect of tomorrow's encounter with the high-limit slots leaves me with the same dread I
felt in high school on all those Sunday nights on the eve of a physics exam.
t's 9 a.m. when we venture back down to Caesars' massive casino; the huge floor is largely
deserted, and when I make my way over to the high-limit areaafter dropping another $100 along the
waythe only other people there are a cleaning woman and a casino employee tending to the
$500-a-pop machine. I ease my way past the velvet ropehey, serious player here!and cautiously
approach the $5 machines. I feed in the first $100 billonly 20 credits?and I hear a faint
whirring sound. It's not one of the slotsit's my grandmother spinning in her grave.
After four spins, I'm up $5. I wimp out and cash it in. (Well, I did risk it, didn't I?) I move to
the next machine. After three spins, I'm up $5 again. I wimp out again. Come onthis isn't what
you agreed to do. I find the $5 "Wheel of Fortune," where a two-credit play gives you a chance at
a bonus spin. All right, if I'm going down, I'm going down with the king of the filler slots.
Six $10 spins bring me nothing. Then, magically, the "Spin" wheel appears, and the machine chants:
"Wheel!Of!Fortune!" It looks as if this wheel pays off generously; I see no wedge smaller than
$100. Round goes the wheeland stops at $750. With what's left, I cash out at $790.
Aha! It was just a matter of time. As I swagger over to the $25 machines, I see what's coming
clearly: the ringing of bells, the wail of sirens as I hit the Big One, the long wait for the
casino employee to rush over with a tax form; will I take the tens of thousands in cash or a
check? (Check, certainly; otherwise some crook will call ahead to his compatriots, and Dena and I
will be hijacked before we ever hit the Garden State Parkway). Which charities will receive the
half of this bootyand did I really promise half?
It takes less than two minutes for these thoughts to flash through my headwhich is longer than it
takes to lose $300 at $25 a shot.
Still, between that one big hit, and a $200 spin at a dollar "Wheel of Fortune," we wrap up our
adventure with $1,720 left of our original $2,500 stash. If the fantasy of sudden, unearned cash
did not come true, neither did the possibility of working for an hourly wage that would have sent
Caesar Chavez rushing to sign me up. And with experience comes an important Life Lesson, one that
all of us, particularly those who came of age at a certain time in America, would do well to
remember: we are not exempt.
We may have been part of a Youth Revolution, but our hairlines are receding and our waistlines are
expanding, just like everyone else's. Our music seems just as dumb and creaky to your kids as Bing
Crosby's croonings did to us. If we eat cheeseburgers and fries and chocolate doughnuts, we will
get just as fat as everyone else.
And if we gamble at machines that are computer-programmed to relieve us of our money over time,
then we will lose money. It matters not how much more vivid the memory of a long-ago win is than
the slow, steady losses.
We have paid our tax on stupidity. And we're outta here.
(But you know, on that last $25 spin, I was so close...)
Jeff Greenfield is the senior political correspondent for CNN. If you are interested in purchasing reprints of a recent article, please
contact the Reprint Department at reprints@mshanken.com. (Minimum quantity: 500 copies)
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