Ever wonder how the casino you visit decides on what comps to give you? It all comes down to the relationship that casino comps and Average Daily Theoretical have.
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 say to 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.” Alas, my comps continued to be menial – I call them “minion’s comps.”
Casino Rewards and Average Daily Theoretical
My thoughts of how casino rewards players with comps was wrong. Further research led me to understanding Average Daily Theoretical. Average Daily Theoretical, or ADT, is the average amount that a gambler losses per day for gambling activity. It is 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 to them. A positive Theoretical is an assumed loss to the the player. A casino typically comps players based on their actual worth and the actual worth the game is to the casino.
An “ADT” Example
A casino assigns each game a theoretical house advantage. Let’s say you play a certain game with a Theoretical of 5%. Assuming a player’s coin-in is $10,000, a casino would then 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 game with 1% Theoretical, the comps would have been limited to some fraction of $100.
To make it simple, basically it’s based on your play in one day. A long 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, the offers decrease.
Related Posts below by Coach Kitty from TravelZork provide an interesting 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
Casino Days, Casino Visits
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 to the casino.
One very important part to know is the “casino day” which may not be what you consider a day, or may differ from casino to casino. Some casino day’s start at 12:01AM, while others start at 6:00AM. Make sure you know which day your play falls on at, for example, 1:00AM.
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 on 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 put through $50 each time, don’t expect great offers. Make fewer visits putting though the same amount in a month and you will find your offers increase.
No Rewards Card, Casino Comps and Average Theoretical
There are times that not using your card is a good idea. The morning of your departure may call you to play just a little bit more. But a small play before you leave will lower you visit’s ADT. In the same vein, 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 theo and takes more money in to earn points. 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 JUST TO GET BETTER COMPS. Always spend up to your allowable bankroll.
Related Post: 5 Considerations For Casino Play and “Casino Freebies”
Embrace the Math, Not the Myth