Ever wonder how the casino you visit decides what comps to give you? It all comes down to Casino Comps and Average Daily Theoretical.
When I first started gambling, my bankroll was small, and I played often. I thought that if I went to the local casino and played a little more often, the casino would see me as a loyal customer and raise the quality of my comps, such as free play. I would ask myself, “How could they depend on that player that appears once a year instead of me? After all, – they have me for life if they played their cards right.” But, alas, my comps continued to be menial – I call them “minion comps.”
Casino Rewards and Average Daily Theoretical
My thoughts about how casino rewards players with comps were wrong. Further research led me to understand Average Daily Theoretical. Average Daily Theoretical, or ADT, is the average amount gamblers lose daily, usually expressed in absolute terms, such as dollars. It’s your value to the casino, based on your average daily play – NOT the number of appearances at the casino.
Your Average Daily Theoretical is the amount a casino assumes your play is worth. A positive Theoretical is an assumed loss to the player. A casino typically comps players based on their actual worth and the game’s worth to the casino.
An “ADT” Example
A casino assigns each game a theoretical house advantage. For example, let’s say you play a particular game with a Theoretical of 5%. Assuming a player’s coin-in is $10,000, a casino would limit total comps to some fraction (less than one) of the theoretical $500 the player is assumed to lose. If the player had the same coin-in on a 1% theoretical game, the comps would be limited to some fraction of $100.
Your daily play establishes your ADT. An extended play in a casino’s day raises your “comp-ability,” and playing a little lowers it. Play your bankroll over fewer visits and see better mailers – spread out the same amount of money over more visits, less time each visit, and the offers decrease.
Related Posts below by Coach Kitty from TravelZork provide an intriguing way of raising your ADT: Casino Comps | The Big Play Casino Gambling Day – Part 1; Casino Comps | The Big Play Casino Gambling Day – Part 2
Related Post: 5 Considerations For Casino Play and “Casino Freebies”
Casino Days, Casino Visits, Casino Comps
It’s not just about time. Lowering your play per hand to play longer won’t increase comps. The casino wants two things from your play, time & money. Raise one or both (preferably) will raise your value to the casino, thus raising your worth.
One significant part of knowing is the “casino day,” which may not be what you consider a day or may differ from casino to casino. For example, some casino days start at 12:01 AM, while others start at 6:00 AM. Make sure you know which day your play falls on, for example, 1:00 AM.
The guys from “You Can Bet on That” give a good example. Let’s say you are staying at a casino for two nights with $400 as your bankroll. If you play the $400 through the first day, your ADT is better than if you split your bankroll over two days. And what if you get up to check out and put in one more $20 before you leave? Well, your ADT is now figured over three casino days, thus lowering your ADT.
So, if you visit often and pay $50 each, don’t expect great offers. Instead, make fewer visits putting through the same amount in a month, and your offers will increase.
No Rewards Card, Casino Comps, and Average Theoretical
Sometimes not using your card is a good idea. For example, the morning of your departure may call you to play a little more. But a small play before you leave will lower your visit’s ADT. Similarly, stopping by for a little VP or Video Keno and a drink on your way home may not need your card in play, especially since VP & VK has a low casino “the” and takes more money in to earn points. Again, weigh the options available to you.
A Word of Caution
But please remember – play for fun and play for recreation with the bankroll you can spend. DO NOT PLAY MORE THAN YOU CAN SPEND TO GET BETTER COMPS. Always spend up to your allowable bankroll.
Remember – Embrace the Math, Not the Myth
Binbin
Comments are closed.