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Casino 'Comps'
Casinos want to keep their best customers coming back. Players who have shown they will give the house a shot at their money are treated like royalty. Free beverages for customers while they are playing, discounted rates on hotel rooms, and free meals are the most common complimentaries given by casinos. For high-rollers -- people who
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hundreds of dollars a hand -- the casino might give free airfare, room, food, beverages, or limousine service.'Comps' are most frequently distributed through player rewards clubs. Members are issued credit-card-sized plastic cards, usually with an encoded magnetic strip on the back. The card is inserted into a magnetic reader on the machine the member is playing, and the amount and duration of play are tracked via computer.
In most player rewards clubs, players earn points for play and can redeem the points for comps. When the card is inserted into a reader at a slot or video poker machine, a display on the reader might say something like, 'Welcome, member. You have 42 points. Coins to next point: 24.' After the required number of coins have been played, another point will be added to the player's total. A list is issued detailing the comps available for various point totals. Some clubs allow players to redeem points for cash; others offer meals, rooms, or merchandise.
Other slot clubs don't issue a point table but require the player to ask an attendant at the player rewards club booth. The attendant will check the computer, and if the player qualifies, the attendant will issue the comp.
Comps work similarly at table games. At most casinos a player may use the same card issued to slot club members as identification to be rated for comps at table games. The pit boss overseeing the table takes note of the player's buy-in (the amount of currency exchanged for chips at the table), the average bet size, and the duration of play.
It's common for casinos to kick back in the form of comps an average of 10 percent to 40 percent of the amount it expects to win from the player.
The basic formula for the player's expected loss combines the amount of time played, the number of hands per hour, the average bet, and the house percentage. So if a blackjack player bets $5 a hand for an hour at a busy-table speed of 60 hands per hour, and the house figures it has a 2 percent edge, then the player is betting $300 per hour, and the house, on the average expects to win $6, or 2 percent of $300. If the house is issuing comps at a generous rate of 40 percent of the player's expected loss, the customer's play for an hour is worth about $2.40 in comps, regardless of the actual win or loss, whether he's won $50 or lost $50.
A side benefit of being rated for comps is that the casino puts you on its mailing list for special offers. Rated players frequently get free or discounted rooms and tournament invitations from casinos. Cash vouchers by mail are an often-used incentive for players to return.
Tipping Dealers
The gambling business is a service industry, and dealers are paid like bottom-rung employees in service industries -- not very well. Many dealers' jobs pay minimum wage, and the bulk of dealers' pay comes through tips from customers.
You are under no obligation to tip, and even the dealers don't expect you to tip while you're losing. However, if you are winning and the dealer is courteous and helpful, it's customary to tip. This can be done by simply pushing a chip forward onto the layout and telling the dealer, 'This is for you.' However, more frequently tips are given by placing a bet for the dealer.
In blackjack, the usual method for tipping is to place an additional bet at the front of your betting box. Don't tip so much or so frequently that you significantly shift the odds of the game. If you're betting $5 for yourself, a $1 bet for the dealer once or twice an hour, or when you're on a winning streak, will do. If you win the hand, the dealer will get a $2 tip. If you lose, the house gets the money.
Some older gambling guides tell of a cat-and-mouse game in which the blackjack player uses tips to get the dealer to deal another hand before shuffling when the cards remaining to be dealt are in the player's favor. This has little or no bearing on how the game is played today. In multiple-deck games dealt from a shoe, a colored plastic cut card is inserted into the shuffled cards to tell the dealer when to stop. When that cut card comes out, the dealer may not start another hand, regardless of what the player wants and how much he's willing to tip. Even in single- and double-deck games dealt from the hand, strict guidelines usually dictate when the dealer must shuffle. Sometimes a cut card is used. Don't tip with the expectation that the dealer will bend house rules on when to shuffle; tip for service with a smile.
Craps players also often place bets for the dealers. Most often, this is done either by telling a dealer to place a specific bet 'for the boys' -- bets on 11 or the field are among frequent choices -- or by placing a bet on one of the 'hard ways' and telling the dealer it goes both ways. That is, a $10 hard six both ways means the player is betting $5 for himself and $5 for the dealers that two threes will come up before a seven and before any other six. If you want to give the dealers the best chance to win, place a pass line bet for the boys.
Tips seem less frequent at the roulette wheel. Probably the most common is simply giving the dealer a chip after hitting a 35-1 single-number payoff. Don't hand it directly to the dealer -- dealers are not allowed to take money or chips from a player's hand. Place it on the table and tell the dealer it's a tip.
Slot and video poker players are a solitary lot, and occasions for tipping are rare. However, if you hit a large, hand-paid jackpot, and service has been good from a change person, it doesn't hurt to tip.
The fast pace and attitude of a casino floor can be intimidating to the newcomer. The truth is, from the hotel manager all the way down to the dealers, casinos want you to feel comfortable. Now that you have an idea of what to expect in a casino, you'll be placing bets in no time.
For more information about casino gambling, try the following links:
- To see all of our articles on poker rules and advice, go to our main article on How To Play Poker.
- Among the most popular games in casinos are video poker games. Pull up a chair and learn How to Play Video Poker.
- If you'd like to pass by the games of chance, you'll want a hefty bankroll and a knowledge of How to Play Poker in a Casino.
- Hang on to some of your money with these helpful Poker Betting Tips.
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In the context of casinos, comps are complimentary items and services given out by casinos to encourage players to gamble.[1] The amount and quality of comps that a player is given usually depends on a combination of factors: what game(s) they play, how much they bet, and how long they play.
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Most casinos have casino hosts who are responsible for giving out free items and contacting players to bring them back to the casino. Pit bosses can also award comps at table games. Most casinos now urge players to obtain a player's club or similar card, so that their play can be tracked and comps awarded.[1]
Levels[edit]
The lowest level of comp available at most casinos is free alcohol and other beverages. Many casinos provide free drinks to anyone who is gambling.[1]
The second level of comp that many players earn is free self-parking, lounge access, or free meals. Many casinos have several players lounges and restaurants, and may require more play to earn a comp to higher-end restaurants. Often the player is given a certain amount to spend, but sometimes, particularly with high rollers, the player may be given the right to order as much food as they want and to bring guests.[citation needed]
The next level of comps is usually free hotel rooms, free valet parking, and free access to more exclusive VIP or 'high roller' lounges. Many casinos have attached hotels, but those that do not may have the ability to comp rooms to a hotel nearby.[citation needed] Many casino hotels have higher quality rooms, such as suites, villas, presidential suites, and so on for bigger bettors or VIP guests. Many players who receive hotel rooms receive a package called 'RFB' (for 'room, food, and beverage') or 'RF' (for 'room and food') for smaller bettors, or in jurisdictions where casinos are not allowed to give free alcohol.[citation needed]
Many casinos also offer other comps, especially to high rollers. These may include airfare reimbursement, limo rides, tickets to shows, golf, free concierge services, cash back, money to show up in the casino, loss rebates, private gaming areas, and private jet service.[2]
Casinos also frequently offer players comps by mail or email, or in casino apps. These may be free bet offers, free meals, discounted or free rooms, or entries into tournaments or prize drawings.[3]
Some casinos contract with bus companies to bring players in. Riders often enjoy free slot play, dining coupons, and other benefits, often worth as much as the bus fare itself.[4]
Calculation[edit]
Technically, every player may be offered comps, but most casinos require players to have played for a given period of time and play at a certain level, i.e., the duration of play and amount wagered are directly proportional to the level of expected comps. What games are played are also factors.[5] Casinos award comps based on a player's Average Daily Theoretical loss, also known as ADT, theoretical loss, or 'theo' for short. The theoretical loss is the amount of money a player is expected to lose based on the long run statistical advantage the casino has on the particular game being played.[6][7]
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Theoretical loss algorithms differ somewhat among casinos,[8][9] but in general, the logic behind the calculation is as follows:
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- Theoretical Loss = (Casino Advantage) × (Total Wager)[citation needed]
Hustling[edit]
Players known as 'comp counters', 'comp hustlers', or 'comp wizards'[10] attempt to maximize the amount of comps they receive while minimizing their expected gambling losses.[11][12] Comp hustlers play games with a low house advantage, such as blackjack or video poker, or games with small bet sizes, such as penny slots. Comp hustlers may use tactics such as placing large bets when a pit boss is checking their bet size to rate them for comps, and then moving to a smaller bet size when the boss is not watching. They may also take frequent breaks from playing, play at full tables to be dealt fewer hands per hour, and play more slowly.[11] Comp hustling is a type of advantage gambling if the player is able to hustle more in comps than their average cost of gambling.[13] And the author of 'How to Get a Dollar in Casino Comps for Every Dime You Lose Gambling', in their summary of key takeaways from Max Rubin's book, Comp City,[14] observes: 'The next step up from being a comp wizard is to become a comp counter. These players have specific knowledge and skills that enable them to combine a low house edge with comps in order to profit.' Another step up are practitioners of 'ACES (Advanced Comp Earning System). People practicing this kind of system earn a dollar's worth of comps for every dime they lose gambling.'[15]
Online[edit]
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Online casinos, poker rooms, and sportsbooks offer a variety of bonuses that are similar to brick and mortar casino comps. Also similarly, comp hustlers and advantage players can use these bonuses to turn a profit via bonus hunting, or can convert these comps to a guaranteed profit using the technique of matched betting.
Many online casino operators are aware of the potential for losing money while giving out bonuses. As such, there is often a minimum wagering requirement for cashing out.
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Some casinos will limit the payout in case of a win. Also, they may restrict players from playing certain games, often those games with a low house advantage. And, they may require players to bet the bonus amount multiple times before being able to cash out. For example, a casino may require a player to bet the bonus amount 50 times before being able to cash out. So, for a $100 bonus, a player would have to bet $5,000 before being able to cash out. Therefore, it is advantageous for players to check the wagering requirements of a bonus. [16]All bonuses have a turnover requirement. This means that placing a certain number of wagers, such as turnover 5x, means wagering 5 times the bonus. Most online casinos distinguish two types of bonuses: a no deposit bonus and a deposit bonus. First one does not require from a user to make a deposit at a casino in order to start playing. A deposit bonus requires from a user to make a deposit of certain amount of funds to start playing at the casino. Both of these type bonuses apply to terms and conditions of turnover requirements. [17]
References[edit]
- ^ abc'Keeping Customers Happy in Casinos'. ABCNews. November 1, 2007.
- ^'Cashback Casino Bonuses'. Best Online Casino Offers.
- ^Grochowski, John (17 June 2003). 'Comps - The Basics'. Casino City Times.
- ^Moro, Marianne (Leaf Group). 'Travel Tips: Atlantic City Casino Tours'. USA Today.
- ^'THE EXPERTS GUIDE TO COMPS'. www.smartgaming.com. Retrieved 2016-01-13.
- ^'CASINO COMPS & YOUR 'AVERAGE DAILY THEORETICAL''. N.E. Time Gambling. August 10, 2016.
- ^Coach Kitty. 'Gambling: Casino THEO: It's All About the Theo'. TravelZork.
- ^Scoblete, Frank. 'Getting the Most from Your Slot Play: Points, Bounceback, Mail Offers and Good Machines'. CasinoCenter.com. Retrieved October 30, 2018.
- ^Coach Kitty (April 19, 2017). 'Caesars Total Rewards Part 4: Generating Casino Offers (Marketing OFfers)'. TravelZork.
- ^Stevens, Michael (June 10, 2018). 'How Comps Work In Gambling (And How to Make Them Work for You)'. GamblingSites.org.
- ^ abRubin, Max (June 2001). Comp City. Huntington Press. ISBN978-0-929712-36-9.
- ^Scott, Jean (July 2005). The Frugal Gambler. Huntington Press. ISBN978-0-929712-40-6.
- ^'Comp Hustling'. Casinopedia. Retrieved October 27, 2018.
- ^Rubin, Max. Comp City.
- ^Rubin, Max. 'How to Get a Dollar in Casino Comps for Every Dime You Lose Gambling'. Gamblingsitesonline.org.
- ^'Casino bonuses'. Retrieved 2014-03-07.
- ^'No Deposit Bonus'. Retrieved 2019-05-24.