Casino Comps & Your “Average Daily Theoretical”

Ever wonder how the casino you visit decides on what comps to give you? When I first started, I thought that if I went to the local casino (or closest) and played a little more often, they (the casino) would see me as a loyal customer and raise my comps. How could they depend on that visitor that appears once a year instead of me – they had me for life if they played their cards right.

But, alas, my comps continued to be menial – “minion’s comps” I call them. Then I found out about Average Daily Theoretical – the average amount that a gambler losses per day for a certain gambling activity, usually expressed in absolute terms (such as dollars). It’s your value to the casino, based on your average daily play – NOT the numbers of appearances at the casino.

Your players card is how the casino tracks your play.

Back to Average Daily Theoretical, the amount (expressed in percent or real units) a casino assumes certain 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 Theoretical. For example, a casino may assign a certain game a Theoretical of 5%. Assuming a player’s coin-in is $10,000, a casino would then limit total comps to some fraction (less then one) of the theo, $500. 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. So, you can start to receive amazing offers if your play is fairly concentrated into small capsules of time (one or two trips a month) with longer play – basically more money through in a casino day. Now, if you spread out the same amount of money over more visits, less time each visit, the offers decrease.

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.

Great Podcast fpr Craps, home poker games, and all sorts of gambling advice.

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 your offers increase.

But please remember – play for fun, 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.

3 Reasons Why Your Gambling Sucks, and What You Can Do About It

Another losing gambling session?

I once read a self-help book called “Why Your Life Sucks” by Alan H Cohen. I guess I was in a dark place, or maybe looking for a different perspective on things. In any case, it was really quite good and pointed out many life “wake-up calls” to help us enjoy the life you were meant to live. It’s funny and informative, but most of all, it forces you re-evaluate the choices you have made, and how you can make better choices in the future.

So, I was thinking, “how many people leave the casino grumpy, as if losing is a huge surprise.”

Leaving Las Vegas - usually a quiet plane ride.

Leaving Las Vegas – usually a quiet plane ride.

Even the plane ride home from Vegas is so quiet and sullen compared to the excitement and hope on ride out there. Go figure….

So, does your gambling suck? Maybe it’s because you don’t embrace the realities of the gambling industry. Here’s some quotes from the book that may have implications about your gambling experience:

1) “Fortune isn’t something that happens to you, it is something you create”

Take advantage of point multipliers and

Take advantage of point multipliers to get the most out of your play.

So, you really think that recreational gambling is going to get you millions? I don’t think so.  But, there are things you can do that will enhance your visits, like:

  • Know the best strategy for the games you play
  • Take advantage of free play and multiplier reward points / tier points days
  • Don’t overplay you bankroll to gain higher status. Keep to your bankroll.

2) “Don’t get involved in the dark side” of gaming.

Losing at Gambling?

Guess what, the gambling industry is a business and like any other business, it needs to make money to continue. So:

  • don’t expect perks that you don’t earn
  • don’t expect the casino to ensure your winning because you’re a good customer, and
  • expect loses.
  • And stop thinking conspiracy and fixed machines. Look up what a random number generator does (RNG) , and how the house advantage is built in without switching machine computer chips or throwing that famous “switch upstairs” that immediately changes machines from loose to tight. In other words, be knowledgeable about the industry instead of continuing myths and superstitions to make you the unsuspecting victim.  “It’s not personal, it’s business.”

3) “It’s not what happens to you that counts, it’s what you make of what happens”

Shooting at the Craps Table - have fun whatever your game is.

Shooting at the Craps Table – have fun whatever your game is.

  • Enjoy the wins.
  • Enjoy casino employees who know the meaning of good service and are friendly.
  • Enjoy the excitement of breaking even – yes even. By breaking even, you’ve beaten the house advantage. Sure, it’s not what we are all looking for, but if you play for a few hours and break even, be happy for the free entertainment, the rewards points you’ve accumulated, and the free beverages you’ve consumed.

Now, back to the casino, but this time with an open mind, an awareness of the business and new flexible expectations. Acceptance could be the key to a happier gambling experience.

That’s all for now.

Binbin

Casino Industry Marketing Strategies – Meant to Entice ALL Generations

mohegan-sun-pocono-downs-slots-by-apjpg-db6c01b11ac1b950

FoxPerx delivered right to your machine during play through machine rewards software.

TAKE THE POWER AWAY FROM THE CASINO            – BE AN INFORMED, KNOWLEDGEABLE & AWARE GAMBLER!

Are you a member of AARP?  I am.  I also receive the AARP Bulletin. Now, I understand the reading demographic is 50+ and education is important for AARP’s readers, but, this article doesn’t tell the whole story and makes us Baby Boomers out to be helpless – DO YOU WANT TO BE CONSIDERED HELPLESS?

aarpThis month, AARP included an article called “The Casino Trap.”  It’s theme –> the casino industry’s aggressive marketing of older patrons. It’s opening image – a coin slot machine from around 1960!  OMG! Why not show a typewriter instead of a computer! We seniors today are smarter, more mobile, more fun, more energetic, healthier, more sociable (we can be a bunch of “twits”) and frankly here to stay.

Alright, here are 4 quotes from the article and NETG’s response: Continue reading