Sunday, August 12, 2012

E-26: How Comps are Rated

Table games are rated using the following 5 factors:
  1. What game is being played and what is the house edge
  2. How many bets are placed per hour
  3. How long do you play for
  4. Average bet size
  5. You theoretical loss per hour
Rating Roulette:
The casino simply average your total bet per spin against the average spins per hour (40-45) against the 5.26% house edge.

A casino will generally comp a player at 50% of their theoretical loss.
Eg: A $25 per spin player will play an average of 40 spins per hour = $1000 wagered.
With a house edge of 5.26% the theoretical loss will be $52.60, so you will be comped at a rate of $26 per hour.

Rating Blackjack:
A player will play an average of 80 hands per hour. Placing an average bet of $10, would equal $800 an hour wagered. With a house edge of 2%, which equates to a loss of $20 per hour and therefor $10 in comp credit.

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