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Casino comps are a great, but are they really free? Chances are you’re losing a lot of money at the tables in exchange for those so-called “free” comps. Unless you’re card counting, and you’re effective at it, the casinos know you’re going to lose more and more money over time. You may get lucky in the short run, but in the long run they know they have you. Let’s take a look at what’s really going on in the casino comp system and how you might be able to take advantage of it.
When it comes to giving out player comps, casinos usually value your worth using a pre-set formula. Every casino company is a little different, but the parameters generally go something like this…
(hands per hour) X (house edge) X (average bet size) X (number of hours)
= Theoretical Player Loss
Let’s explore this calculation further by plugging in some numbers. Let’s say you’re playing around $100 per hand over a 4 hour stretch one evening. Let’s also assume this particular casino uses a 1% theoretical edge and 75 hands per hour to calculate player ratings. Here’s how you’re looking in the eyes of the casino’s comp system…
Hands per Hour X House Edge X Avg Bet X Hours Played = (75) X (.01) X (100) X (4) = $300
The casino values your 4 hours of play at $300. For comp purposes they’re willing to kick back a certain percentage of that amount (usually 25%-30%) in free rooms, food, chips, entertainment or cash. That’s about $75-$90 worth of comps for your 4 hours of action.
Make no mistake about it, the casinos are not your friends. Your value to them is strictly a dollar sign. The longer you play and the higher your average bet, the more they will cater to you. Understanding how the comp system works is the first step in taking advantage of the system. Now you can begin to capitalize on this knowledge and get far more than your fair share of casino comps.
Here are some great tips (for non-card counters) that you can use to exploit the comp system by appearing to be worth more to the house than you actually are…
Tip #1 – Play games with good odds
The house edge can be very different depending on where you’re playing. For example, the 6-deck games (S17, DAS, RSA, LS) at MGM Grand in Las Vegas have a house edge of only a quarter of a percent while the single deck games (H17, DAS, 6:5 on blackjacks) have nearly a 1.5% house edge. That means the house edge is 6 times as bad for you on the single deck game as on the 6-deck game!
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What is the payout on blackjack in las vegas?
Depends on your skill. Here's a guide.