Notes

Complementary Gifts from Casinos: Some Aspects
Comps are a way for casinos to compete for gamblers' time and money. Comps can include drinks, meals or discounted rates on rooms and show tickets. Some comps also cover airfare reimbursement, flyback certificates and tickets for the Super Bowl. Comp programs are meant to encourage repeat visits and customer loyalty. These incentives are not limited to high-rollers. Many low-to-mid-level gamblers can receive surprising amounts of freebies or discounts. This is especially true in current times due to the state of our economy. In Las Vegas, visitor numbers and gambling bankrolls are down significantly. As a result, there have been increased comp offers by gaming properties to encourage gamblers into their doors. My wife, who is not a high-stakes gambler, and I did not pay for any nights of our nine-day stay in Vegas (late October 2008). Our gambling activities include blackjack at 10-25 dollar minimum bet tables, penny or nickel denomination slot machines and video poker with stakes ranging between 40 cents and $ 2.00 per turn.

The average bet x number of hours played x number of bets placed per hour x expected house advantage x percentage return to casino players is what determines comp awards. This generally ranges between 25 and 40% of the expected casino win. As an example, suppose you play a decent blackjack table with a player-friendly rule set and play a simple strategy. Your average bet is 10 bucks per hand. A 6-deck "average" shoe game will see you playing 60 to 80 hands an hour, depending on whether there are three or four other players. Casinos use 60 hands per hour, with a house edge of 22% to calculate their expected dollar returns and comp calculations. Comps are typically returned by most casinos to players at around 40% of the expected win. Assuming you play the above game for five hours, and possibly at more than one casino table, a reasonable comp calculation would have $10 (average wager) X 5 minutes (hands per hour) X 60 (comps). X.02 (house edge), X.40 (proportionate return to players) This is an average of $ 3000.00. X.02 = $60.00, X.40 = $24.00 earned comps.

A key tip to remember about comps while in Las Vegas or elsewhere...ASK for them..in a courteous manner. At some Vegas properties, you might be required to wager $15 or $25 per hand to even get rated for table game comps. Some off-strip Las Vegas casinos are more liberal with their meal comps than many of the Strip locales; on several different trips I've played for 2-3 hours at the Orleans with a 10 -20 dollar average bet and have never had a problem obtaining buffet comps for two when asked for appropriately. There are more info in comp programs among casinos and corporate gaming establishments. games to play should determine where they like to play and avail themselves of comp program specifics at a given locale. You shouldn't be surprised when a club representative/host is vague about how they calculate earned compensations. This can happen because of factors like increased patronage, weekends vs weekdays, holidays, major conventions, and so on. It will be more difficult for lower-level players to receive comps in high-traffic situations. It is recommended that players familiarize themselves and their host with table or slots games. It is also a good idea for them to ask for a host who is not of the same gender. Communicating with a host can lead to real dollar value for future visits (minimize losses / enhance winnings); part of a host's job is to enhance the player's experience while gambling. At best games to play , pit bosses can award meal comps. Key elements for playing an enhanced-value comp game are to gamble within your prescribed bankroll, playing games with lower house advantage, know the property comp program, and ASK. But "chasing comps" (i.e. playing too long for a meal) can increase your gambling losses. You should use common sense.

Blackjack is an excellent game to acquire comps due to generally lower house odds when compared to all other casino games provided players select games with player-favorable rules and learn accurate basic strategy for the specific game played. If a player avails themselves of these conditions and employs tactics that decrease the speed of the game (fewer hands played per hour), they have employed some basic tactics to enhance their comp accrual. Talking with other players frequently, playing at crowded tables, taking frequent breaks from the table or calling their cell phones can all slow down a game. Another tactic to enhance comp accrual at blackjack involves increased bet levels when pit bosses and / or table hosts are observing specific play; these should enhance your table play ratings and accrued comp levels. If the casino staff is not watching, one can reduce their bet levels.

Comps tracking in video poker (VP), requires that players insert their player's card correctly and ensure it is inserted correctly. Video poker generally offers higher payback return percentages vs slot machines but comps for VP play are generally less for the same wagers / time played as compared to slots. It's an industry-standard casino tradeoff mechanism. If you are looking for a casino that you enjoy playing in and have the time to do so, it may be possible to identify specific machines that offer a higher payout percentage. This is a fact that we know; the key is in identifying them. The payback percentages for machines with higher denominations (e.g. $1 slots vs. penny machines) are generally higher. Your ability to play these machines will depend on how much money you have and how well you manage your money. Even among penny slots, there are many variations in the payback percentages. Common sense and willingness to play these machines can help you identify some of the best paying ones. To avoid getting soaked for a large loss and expecting the next draw to bring you a big win, it is crucial not to do so. Regarding slot machines, we suggest a stop-loss approach. If we reach 40 to 50% of our original buy-in, (ie $20-25 dollars credit left after a $50.00 initial buy-in), then we stop playing that particular machine. Although the average slot machine can drain your bankroll, players who are able to identify higher-paying machines by observation and play can still accumulate comps. Video poker that has solid paytables (minimum 9/6 or better Jacks Or Better, or Double Bonus; this paytable allows for a 9-for-1 payout on a fullhouse and 6 for 1, on a flush) can be a great way for comps to be accrued (although it is slower relative to other slot machines of the same wagering levels). You need to recognize machines that have a high payback percentage. These machines are those that pay out almost 100% over time. Individual sessions can, however, result in losses.

While seeking out individual casinos to play any game, always seek out player's club promotions (eg point multiplier days, blackjack enhancements) and use gambling coupons (blackjack match play and first -card ace coupons); use of these will enhance player expectation through increased returns / minimized losses while playing the comp game. Even though it is generally down, the current economic climate in Las Vegas is favorable for comp offer purchase.



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