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What Is a Comp?
Comp Stands For Complementary And Is Defined As The Extra Service In Forms Of Food, Coupons, Alcoholic Beverages Or Entertainment Facilities That The Casino Offers You For Free To Keep You Happy And To Play. These Offers Differ a Lot From Player To Player, Depending On The Game And The Amount Of Money He Bets. For a Regular Slot Player, The Comp Can Be Anything From a Couple Of Dollars, a Coffee Or a Free Parking Ticket. For a Person Who Is Bringing a Lot Of Money In The Casino Can Be Offered a Lot More, They Can Be Airlifted Using The Casino’s Private Jets, Free Limousine Facilities With a Chauffeur, a Butler To Attend To Their Needs Round The Clock, Michelin Class Meals And One Of The Most Expensive Penthouse Suites.
How Are They Determined?
The Critical Thing To Understand About Casino Comps Is That If You Know You’Re Going To Be Gambling Anyway, You Might As Well Be Asked To Get Rated To See What You Can Get Back In The Way Of Comps And Here’s How It Works. When You First Sat Down At a Table And Be Sure To Tell The Dealer That You Want To Be Rated They’Ll Then Probably Call Over Supervisor In That Pit He Will Ask For Your Player’s Club Card To Identify You And Then They Will Track How Long You Play And How Much You Bet To Determine How Much You Should Be Given In Comps. The Supervisor Who Is Also Called The Floor Person Won’t Stand There And Constantly Watch You, Instead, They’Ll Glance Over Every Once In a While To See How Much You’Re Betting And Note It On a Card Or If They Use An Electronic System, They Will Put That Information Into a Computer. One Of The Essential Tricks To Keep In Mind Is That a Player Must Inform The Manager Or Any Other Casino Employee Before He Changes His Table So That His Progress And Betting Amounts Can Be Appropriately Tracked.
Decoding The Comp Formula
Usually, a Casino Will Want You To Play For At Least a Combined Total Of Three Hours, And Virtually All Casinos Use The Same Formula To Calculate Your Comp Value, They Take The Size Of Your Average Bet And Multiply It By The Casino’s Advantage On The Game. You’Re Playing To Come Up With An Expected Loss For Each Time You Play, They Then Multiply That By The Average Decisions For Your Entire Game, And That Result Is Then Multiplied By The Length Of Your Play And Hours The Result Is What The Casino Expects To Win From You During Your Play.
In a Casino, An Important Thing To Keep In Mind About Comp Is That You Don’t Have To Lose To Qualify. The Casino Only Asks That You Put In The Time To Play So You Would Still Be Eligible For The Same Number Of Comps As Any Other Player. Another Thing To Mention About Comps Is That Some Casino Games Such As Blackjack Require Skill And The Casino May Adjust Its Expected Advantage Over You Depending On How Well You Play The Game.