- How Do Casinos Calculate Comps Present Value
- How Do Casinos Calculate Comps 2020
- How Do Casinos Calculate Comps For Real
- How Do Casinos Calculate Comps Cost
The word comp is short for complimentary. Comps are freebies that the casino gives to its customers as a reward for their business. It is a way to promote good will and to entice player loyalty to the establishment. The comp game is one of the most misunderstood aspects of the casino experience.
Coin-in and coin-out is the raw data needed to calculate win/loss data. If you placed $100 in wagers and got $95 back, your loss is $5. So to you it might look like you put in a $20 bill and cashed out with $15, but to the casino it looks like $100 and $95 because the total wagers is an important part of the casino math. If you sit down at a blackjack table with $500, then proceed to sit there for four hours or so, playing nearly 100 hands an hour, all the while betting $20 per hand. If you multiply that $20 by 100 hands per hour, times the four hours you sat there you’ll come to $8,000. But in the long run the casino could expect to make a certain amount on your play. That number is what they base your comps on. They usually comp back about 1/3 of what they think your value is. The idea being that you'll com.back.and play more, if they give you a free room, or a free dinner or whatever. In order for a casino to calculate your total theo for your visit, and what you are worth as a player to them, your play must be tracked and that is done by the player’s club at each casino. All casinos have a player’s club where visitors can join and have their play tracked on the machines in order to earn “comps” such as free food, free drinks, free shows, free gifts, invitations to special events and more. Calculate the casino comps you qualify for based on game, bet size, and time played using the same formula the casino does Comp Calculator The URComped team is.
How Do Casinos Calculate Comps Present Value
Many players are under the impression that comps are only for the high rollers who spend thousands of dollars each visit. But this is not true. There are different levels of comps depending on the amount of play you give the casinos but most players can usually get something in return for their play. Comps can range from free hats and pens given out as promotions to the ultimate comp of free food, room and beverage (RFB). Free drinks are the universal comp that is given to all players. Most casino will serve you free drinks while you are playing at the slots or table games. Casino rate is another comp that is fairly easy to obtain. The casinos like you staying and playing at their establishment, so in return they are willing to give you a discount on the room rate. If you play enough you can get a full room comp. A buffet or coffee shop comp is also fairly easy to obtain in most places.
In order to qualify for comps you need to do two things. First of all you have to get your play rated. This means signing up for the player's club and using you card whenever you play the machines. When you play table games you have to ask the pit boss to rate your play. The second thing you must do when looking for a comp is ASK. No one will come up to you and ask if you are hungry and would like a free meal. You will have to ask for what you want. If your play qualifies for the comp you are looking for you will get it. If not you are told you don't have enough play you can then inquire as to how much play is required for the comp you are seeking. Good luck quotes funny.
How Do Casinos Calculate Comps 2020
If you are looking for a food comp it is best to do this while you are playing. If you are playing the machines you will need to speak to a casino host. You can tell one of the slot attendants that you would like to speak to a casino host and ask them to page one for you. If you are playing the tables you can ask the pit boss.
How Do Casinos Calculate Comps For Real
For a room comp you will want to speak to a casino host before you check out. If you don't have a casino host, you can call the hotel operator and as to be connected with one. Tell them you are getting ready to check out and would like to know if you qualify for and reduction in your room rate. Many people don't bother doing this because they don't think they had enough play to qualify for a free room or reduced rate. Promo codes for doubledown casino chips. You may find that you have more play than you figured but you won't know until you ask. Although you can do this at check out, I find it better to introduce myself to a host shortly after I check in. This way they can help you along the way and even tell you how much play is required for a food or room comp.
How Do Casinos Calculate Comps Cost
The most important thing to remember when trying to obtain a comp is that you have to ask. Just be sure that you ask politely. Never demand a comp and please remember to thank the person who gave you the comp. A simple thank you goes a long way.