Can anyone explain how casino comp dollars are calculated by the casinos?

Question

How do casino's figure out how much to give you in comp dollars during a trip? Is it based strictly off the amount you lose, the time you play, or a combo? Is it more rewarding to play slots or table games? If i win 200 and my friend loses 200, do we both earn the same amount of comps or does he earn more because he lost? Help! Explain how comp dollars "really work" and I want details people!

Answer 1

They all have their own formulas and they are unlikely to release specific information like this to the public. But as a general rule what they want is action. They really don't care if you win or lose, if you spend eight hours a day playing table games they love you. If you spend eight hours a day playing slots, they love you, and the higher you play the more they love you.

They figure that since the odds are stacked in their favor, the longer you play and the higher the stakes you play at, the more money you are likely to lose to them.

So in your example they don't care that you and your friend lost $200, what they want to know is how long you and your friend played for. If you played $20 black jack and lost your money in 15 minutes, they won't be too impressed. If your friend played a quarter slot machine for five hours and lost $200, they will probably prefer your friend.

Give them lots of hours at the tables or slots and it makes them happy. They will then try to make you happy with comps.

Answer 2

Most casino's calculate comp dollars by your average bet and how long you play. Winning or losing usually have nothing to do with the comp dollars you make. So if you have a comp rate of 1 for 5, that means every time you wager $5 you get one comp dollar. As far as rewards go, you would probably be better off playing slots because on average you can get more reel spins in one hour than you could in say, poker or blackjack for an hour.

Answer 3

Casino Comps

Answer 4

It is much more rewarding to play slots. Slots is where the casino makes most of its money so they are more willing to give better comp value on the machines. For table games, most casinos use the formula, average bet x amount of time spent playing x average hands per hourX house edge. If you are playing $5 blackjack for an hour you should get dealt about 50-55 hands. If you are playing $1 slots, u should roughtly get 300 pulls or more in that same hour, where as you almost always bet at least $2-$3 a spin for maxium payout, the casino can get up to $900 from the slot player and only about $250 from that same table game player. Althought with table games there is such a thing as a quick loss comp, at the casino I work at, you can get up to 10% of what you loss in comp value. If you lost $500 in an hour, you could essentially get a free meal valued up to $50. In the end, slots is your biggest comp collector, but there are some perks to table games.

Answer 5

Comp dollars are calculated based on the amount of time played (per hour) and average amount bet. The average amount and time played are determined by the floorperson writing your rating card. Every casino is different when figuring comp dollars. Also every table game has a different comp payout because of the expected house edge. You will get the most per dolllar out of Carribean Stud than you will with Blackjack and least amount with Baccarat. At my casino, players were getting 1 comp dollar per hour for every $25 average bet per hour on Blackjack. The amount lost, won, or bought in for doesn't even get entered in the computer. It is only used to make sure you don't go over the $10,000 limit in a day.

Answer 6

OK I'll make it easy for you, your comps are worked out on your theoretical loss. This is average bet x hands per hour x time played x the house edge. This formula will give you a figure from which a % is taken as your comp value, the usual % is around 7% back. This is the same formula that every casino I have ever worked in uses.

Answer 7

Any comps would be minimal. Comps are to build loyalty. Playing one hand isn't loyal. One of the parts of the comp equation is time played. Your time played probably won't be enough for you to get put into the system. Also games with low house percentages, such as baccarat, don't have high comp payouts. And you shouldn't have a problem finding a casino willing to take a $20k wager in baccarat. Baccarat has ridiculously high maximums compared to most games as it is a favorite of the extremely high rollers.

Answer 8

I don't know. I earned 60 thousand points last trip and earned 5 slot dollars for all that play. I did win 15 thousand playing roulette though. We played for 18 hours and I only started with 800 dollars. I thought I would get some big comps.

Answer 9

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Answer 10

forty percent of your expected loss black jack is .05% or about fifty cents per hundred dollars bet figure for this example you are a high roller. $100 per bet @60 bets per hour for 4 hours = $120 X 40% = forty-eight dollars in comps. don't plan on comps. if you can afford a hundred bucks per bet you can afford Japanese massaged Kobe beef @ $180 for dinner.