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How Do Casinos Calculate Comps 2 – Improve Your Loyalty Level Video

Christopher Mitchell Tells How To Get Casino Comps \u0026 Become A VIP High Roller.💥

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High rollers can receive cash or a check as part of their rebate. Most casinos make heavy use of direct mail to entice gamblers to return to their casino and play.

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.

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.

Instead, casinos calculate your comps based on your theoretical expected loss. 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.

The calculations are based on your expected losses, not your actual losses. One way to maximize the comps you get for the money you lose is to play a game with a tiny house edge.

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November 1, Best Online Casino Offers. Casino City Times. Retrieved 7 October USA Today. Retrieved Time Gambling. August 10, Archived from the original on October 28, Oftentimes, table games only give you one-fifth or one-tenth of the value of slots comps.

Both online and land-based casinos feature loyalty programs with multiple levels. The vast majority of gamblers are at the player status.

RF gamblers automatically receive a comped room and meals during their stay. RFB gets the same perks, with the addition of having all their soft drinks, beer, and liquor comped.

Online casinos give generic names to their VIP levels. You move up in status by earning a certain amount of comp points over time.

Always check out VIP plans at both online and land-based casinos before committing any play. Doing so gives you a strong indication of what kind of rewards you can look forward to.

Most casinos are similar in terms of the reward rate they offer players. But some venues have a reputation for being more generous with comps than their competitors.

One easy way to spot these casinos is by looking at their cashback rate for slot machines. For example, one land-based casino may offer 0.

Players should not be penalized for winning. If we didn't win sometimes, we wouldn't play. Send your slot and video poker questions to John Robison, Slot Expert, at slotexpert comcast.

Because of the volume of mail I receive, I regret that I can't reply to every question. This article is provided by the Frank Scoblete Network.

Melissa A. Kaplan is the network's managing editor. So it looks like this calculator is right on. Sent from my iPad using Tapatalk. Originally Posted by SCElf Originally Posted by kdk.

Thanks for the useful calculator! Now, what happens if you under play or over play the value of the upfront comp?

Originally Posted by UrComped.

While there are some tier-based offers (Diamond Aspiration trips are a good example), most casino offers are based on a player's Average Daily Value (also referred to as Average Daily Theoretical or ADT). The majority of casinos aim to reinvest between % of a player's average daily value into offers and comps. I understand that the formula that casinos use to calculate the amount of comps they will offer a player is the following: Average bet * #of events per hour * hours played * houses % advantage * % = comp What I am trying to find out is what are 1) the # of events per hour and. 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. Casino Comps Calculator There are various casino comp calculators that can help you calculate your expected casino comps, based on your game score, your bets and time. For example, you just type in the name of the game, your average bet amount, and hours per session - and there you go - you'll find out how the casino sees you. If you earned 50 cents in comps, then the casino’s assumption was that on average, that amount of play would bring $ in profits for the casino. Subtracting $ from $ would leave $ on.