Comps are not based on how much you lose (or win) but on the total amount of money you’ve wagered (known as the amount of “action” you give the casino). All the casinos want is a shot at your money at their tables and machines. How Do I Get a Comp if I Play the Machines? Most, if not all gaming machines in a casino will have a small electronic screen with a countdown towards the next point (s) that you will earn. Vegas palms casino app. The countdown will go down after every hand or spin you play, and will be based on the amount of money you wager for each hand or spin. Craps in florida. Casino in italian. But casinos also offer valuable comps to low rollers that include free meals, free or discounted rooms, and free show tickets. Why do Casinos Give Players Comps? Casinos need steady customers and they know there is a lot of competition for players. Therefore, they offer comps to loyal players as a reward for their business.
markfich
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 * 20-30% = comp What I am trying to find out is what are 1) the # of events per hour and 2) houses % advantage While each casino might use differing amounts for each game I would think that they should all be within a reasonable amount. The games I am interested in are: 1 - Craps 2 - Black Jack 3 - Pai Gow Poker
zoobrew
This is from the RIVERS casino in Pittsburgh. These are all average bet and approximate per hour comp. points Blackjack $100=750; $25=200; $15=110 Roulette $25=500; $15=200 3 card poker $30=500; $15=250 Craps $30=200 Mini Baccarat $100=500; $20=150 I think it takes 1,000 comp. points to earn $1 in comps http://www.riverscasino.com/pittsburgh/casino/table-games
Dieter
In blackjack, the number of events per hour is the number of dealer hands per hour. The house advantage depends on the table rules, but it's typically going to be in the .2%-2% range. For common rules, it should be around .6%. Each house has its own standards for dealer speed, but I would expect 110 events per hour heads up, 80 events per hour with 2 players at the table, and around 60 events per hour with more than 2 players at the table. I would not expect them to rate you higher with fewer players at the table (even though they should); I expect they'll have an average number that they use all the time (somewhere in the 60-80 range). At least out here in the hinterlands, pit crew that have some discretion seem to be far more generous with their ratings if you're tipping. This may be interesting.
zoobrew
Per this thread you are underestimating the number of hands dealt per hour. Great question, Riva! Hands per hour can be dealer dependent as some are faster and more dexterous than others. Other factors are number of players at the table, side bets, players' decision times etc. I regularly play over 200 hands per hour one on one. Wong did some studies on this subject using Atlantic City six deck games. Here's what is in Professional Blackjack: 1 player: 248 hands per hour 2 players: 158 3 players: 116 4 players: 91 5 players: 76 6 players: 64 7 players: 56 http://wizardofvegas.com/forum/gambling/blackjack/16753-hands-per-hour-and-house-edge/
Dieter
Per this thread you are underestimating the number of hands dealt per hour.
I am absolutely underestimating the number of hands per hour, just like the casino will when calculating comps. To get things playing fast, you need a fast dealer and a fast player. If the dealer decides to get chatty, or stretch because her back is aching, or admire the scenery in skimpy dresses, or ask the floor questions, that slows the game. If the player is getting chatty, ordering beverages, stretching, admiring the scenery, having to pause to loan money to someone who is playing slots.. that slows the game. If there is more than one player, that slows the game (even if they're both lightning fast pro players). The casino wants to calculate comps based on a low number of hands per hour. They'd actually like you to play much faster than that, so they're making more money and under-comping you. If you want to max your comps vs action, play slow.
May the cards fall in your favor.
Baccaratfrom79
Nice to know to a certain point. However, never ever play for comps. You will never exactly know how each property does it and each property might be subject to variance depending on how much leeway their pit bosses/floor people wield, etc. You might play a certain amount for a certain number of hours and a floor person gives you a $75 comp for food and another floor person on the next shift will give you only $35.00 for the same exact play, etc. But it is always speed (low-med-fast) or # of hands/type of game (HA) and Average Wager, but like said before, all properties use different formulas and then there is also discretion and variances of the different floor people issuing comps.
How Do Casinos Determine Comps
Lots of time it is perception and the experience of the floor person/pit boss, etc., that will ultimately determine what you get or don't get.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: 'It's okay just blame me, it's all my fault'! ( No one believes me--so I chose to stop posting)
DRich
I would not expect them to rate you higher with fewer players at the table (even though they should); I expect they'll have an average number that they use all the time (somewhere in the 60-80 range).
The system i worked on had three settings for speed at blackjack that were factored into the rating. The pit person would enter the rating by choosing a game, entering an average bet, and entering the speed (slow, normal, fast), enter start and end time.
How Do Casinos Calculate Comps Taxes
Living longer does not always infer +EV
Romes
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 * 20-30% = comp What I am trying to find out is what are 1) the # of events per hour and 2) houses % advantage While each casino might use differing amounts for each game I would think that they should all be within a reasonable amount. The games I am interested in are: 1 - Craps 2 - Black Jack 3 - Pai Gow Poker
How Do Casinos Calculate Comps Monthly
1 - Craps - # of events per hour = rolls. Advantage depends on your bets. If you're strictly a pass/don't pass + come/don't come player then you're looking at about 1.5%. If you play a lot of center action they might bump you to 2%+.
2 - Blackjack - # of events per hour = number of hands played per hour. Generally 60-80 is a good starting point at fuller tables. Also, for your comp calculations you can more than likely use a 2% house edge. Most casinos correctly assume that most players don't even play basic strategy. Now if you player higher limits you might have had a skills check and they might see you're a basic strategy player, thus you might actually get rated with a house edge of ~.5%-1%. 3 - Pai Gow Poker - # of events per hour = number of hands dealt. For the house edge, just visit the Wizards Pai Gow Poker page and he shows it (again probably rounding up to the nearest whole percent, as most players don't play perfect 'basic strategy.'
Playing it correctly means you've already won.
Deucekies
Best Casinos For Comps
What about casinos that rate just based on buy-ins, and not average bet?
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
How Do Casinos Calculate Comps
Baccaratfrom79
What about casinos that rate just based on buy-ins, and not average bet?
No such thing. There is the 'quick loss' rebate/comp available when a player buys in and losses larger amounts very quickly which is normally 5 to 15% depending on the casino property if you are not a known player or have a history there. But we are talking amount generally over $10k.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: 'It's okay just blame me, it's all my fault'! ( No one believes me--so I chose to stop posting)