Casino

Calculating and qualifying players for Comps

As a general rule, the typical hotel / casino is willing to comp guests up to one half of the amount they expect to earn from them. For example, if management expects to win $ 100 from a player, it can “give back” as much as $ 50.

The casino hosts typically specialize; for example, some work only in the area of ??the slot machine as hosts of the slot.

The casino host uses a combination of the feelings of record keeping and the gut of the computer to calculate comps he or she will offer players. In other words, the calculating comps are both high-tech — the automation of the game activity of a player — and low tech — the educated judgment of the casino host.

As an example, assume that a guest is playing a $ 1 slot machine and wagering approximately $ 500 per hour. If this player plays two hours, he or she is placing at risk about $ 1,000. Since the property can set the percentage of the win you want from a machine, the casino host has a good idea of ??the amount of money this player is most likely to lose during the two-hour period.

If the property sets a win ratio of 3% (ie, your slot $ 1 has a 97% “payout”), expect to earn $ 30 from this guest.

Therefore, according to the most common rule of thumb industry, the casino host can comp these player up to $ 15 worth of goods and / or services, regardless of how much he or she actually wins or loses.

The fact that this player is willing to risk $ 1,000 tells the management that, sooner or later, it will grind out their 3% win.

However, the hotel / casino must classify its players for comp privileges. The higher grade, the more comps he or she will receive from the player. Generally, the lowest ranked players will qualify for free drinks while they play, as well as, perhaps, some trinkets such as baseball caps, shirts, or glassware.

Highly-ranked players have RFBT comp privileges — that is, free site, food, drink, and transportation.

In some cases, very tall rolls can also receive comp privileges at neighboring attractions; for example, take the tab for this event for your special players.

The player’s degree is an inaccurate science. Generally speaking, when a hotel / casino …

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