A few weeks ago, I wrote that in the hours shortly after New Year’s Eve midnight I was cruising downtown Las Vegas looking for slot attendants resetting machines. Due to the W-2G threshold changing from $1,200 to $2,000 effective January 1, most machines needed to be reset to make them lock up at $2,000 rather than $1,200. My search on January 1 was unsuccessful, as I reported.
One of my readers, Mike, suggested I was off base. The jackpot meters have nothing to do with resets. Well, yes and no. The meters are unrelated to each other, to be sure, but some games need to be reset whenever such a change is made — and a few are positive when this happens.
Most games, of course, don’t reset at positive levels. With Buffalo Link, for example, the meters reset to a value of 100. At this level, the game returns about 80% and only players oblivious to the meters will play. (There are a lot of such players.) But there are definitely at least two games that reset positively.
On January 17, I found one! Or rather, I found a circular bank of four slot machines which had all been reset. Not immediately before I got there, but not too long before. Maybe a day or two? I can’t be sure.
How do I figure? There were four identical machines with perhaps 40 different combinations of denominations and number of coins required. You could play it for as little as 50¢ per spin — to as much as $50.
The $50-per-spin games are pretty formidable. Although the player definitely becomes the favorite at the level these meters were at, these are gambling games with considerable variance. Losing more than $10,000 playing a positive game of this size isn’t that uncommon. The vast majority of players who frequent this casino are not in position to play games requiring such bankrolls. The smaller games on these machines, where anywhere between 50¢ and $20 was required to play each hand, had all been played and the meters were no longer attractive. Perhaps by one person who made a day of it. Or perhaps by several people.
But among the four machines, there were five playable games — three for $30, one for $40, and one for $50. I had some money on me, but quite a bit less than $10,000. There was no guarantee I had enough to play one game — let alone all five. Bonnie, however, was with me because we had gone out to dinner together previously using casino comps. As is often the case in such situations, we checked some machines before we went home. If I ran out of money, Bonnie could sit at the machine while I went where I needed to go to get some. We would make sure the machine displayed an unattractive meter amount while Bonnie quietly sat in front of it so anybody walking by would have no reason to challenge her for the chair. I told her about this possibility before we started, and she was fine with it. She was actually pretty excited about us making some “big money.” Regardless of whether the results would be plus or minus, we don’t split gambling results, and this would all be my money we were dealing with. But she’s my biggest fan. Plus, she gets to experience hitting big jackpots with no financial risk to her at all.
When I started playing, I didn’t know there were other positive games on the other three machines because they were occupied. I loaded the first machine with $2,000 before we started. Playing for $30 per pull, it took longer to insert the 20 Benjamins into this machine than it did afterwards to hit a jackpot of $3,700. It took 20 minutes to be paid. I would have shifted over to one of the other machines while I waited, except all three were being played by friends of each other — for either 50¢ or $1. When I hit the jackpot, the players on the other three machines scurried over to take look. They were excited because playing for low stakes, they rarely hit jackpots. One finally saw that I was playing $30 a hand — and even asked me if I knew I was playing for that much! I told her I knew.
Just as we were finished with our first game, (it was the only good one on that machine), one of the other machines opened up. I had Bonnie hold the current machine, without playing, while I checked all the games on the recently vacated machine. Had there been good games on it, I would have had Bonnie hold that chair while I finished off on the machine we were playing. When the third machine opened up, and I found two suitable games, Bonnie sat there until I was available — which came about rather quickly because I hit a jackpot for $2,100 and it was going to take awhile to be paid.
Over the next three hours, we took down all five games — and received a large number of W-2Gs along the way. We ended up ahead a few thousand dollars — but nothing major. It was a decent result — but nowhere near what it could have been. I figure that where we started on those five games, our average expected win for the five was more than $15,000. We got nowhere near that, but I’m still glad we checked those machines that day. Plus, we put thousands of points on both Bonnie’s card and mine and will likely result in bigger mailers in the not-so-distant future.
How am I so sure that these machines were reset only a day or so before I got there? Well, I’m not 100% sure. But close to that.
Consider this: In the previous three months, I have checked those same four machines several dozen times — and have found plays for $20 or higher twice. This time I found five such plays all at once. I figure these games were just too big for casual players and so they remained on the machines. At this casino, the larger denominations don’t get much play.