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The Zero Cost Lifestyle

Several years ago I was sitting with a bunch of friends at a restaurant. Dinner was winding down and we were all stuffed.

My friend next to me asked me how I made so much money. I always had the money for everything, she said, and she was always struggling.

The bill came and everyone went down the list adding up their stuff. Before tax and tip mine was around $7. Hers was $30, more than four times what mine was.

How To Get Paid to Go to Las Vegas (Once)

My flight is at 7:25. At 6:30, instead of being at the airport, I'm mashing on the buttons of a video poker machine at The Tropicana, playing $125 hands of video poker. I haven't become a compulsive gambler-- I just found out about a casino loophole worth hundreds of dollars, and I'm trying to cash in before heading back to San Francisco.

The loophole is a promotion that several casinos have implemented to draw in new business. The terms are so favorable to the player that, with correct strategy, it is virtually impossible to lose any significant amount of money, but very easy to win hundreds.

Here's how it works at Cosmo, a new casino on the strip with very straightforward promotion rules: if you lose $100 playing machines, they will refund your $100, which must then be played through once. Most people will play this promotion suboptimally, making the promotion worth only around $20. Many more will succumb to compulsive gambling and lose the $100 refund as well.