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It can refer to the amount of money you wager over a period was best casino in tunica mississippi opinion time, too.
Based on the odds behind the game and the payout odds, casinos can estimate the long-term expected losses based on your hourly action.
They can then calculate a percentage of that to return to you in the form of comps.
Comps are the main tool a host uses to keep you happy.
Of course, not everyone has a host.
In fact, the simplest and most common type of comp is the free drink.
This post explains the different kinds of gambling comps and what they mean to you as a gambler.
The Different Kinds of Comps Available Comps are awarded in a hierarchy based on your value to the casino.
The most basic comp is the free drink.
Casinos have multiple motivations for gving you free drinks.
And the 1 factor affecting how much profit a casino makes from a gambler is the amount of time he spends playing.
But the law of large numbers suggests that the more bets you make, the closer your actual results become to the theoretical results.
This ensures your profit.
The way best bets craps do this is to get players to make lots of bets for lots of money.
And providing free alcohol helps with that.
You can expect more than just free drinks, though.
Free food is a small step up from free drinks.
The 2 nd most common type of comp is free food at one of the on-site restaurants.
The free food comp is usually awarded in the form of a coupon.
You might have to put more money into action than you think to be awarded free food, but it sometimes depends on the generosity of the pit boss.
It can also depend on what kind of rapport you have with the casino staff.
I once got into a spirited conversation with the cardroom manager at Planet Hollywood Casino in Las Vegas.
Anyway, I was trying to convince the cardroom manager that he should buy everyone at the table hot dogs.
You can also get upgraded to a nicer room by virtue of the action you bring the casino.
In fact, these 3 comps—room, food, and beverage—are so common that they have an abbreviation for it.
Notice something about all these comps, too.
But those are the retail prices for these comps.
In fact, the Winstar in Oklahoma has such low occupancy rates during the week that almost anybody can get a comped room.
Those are just the standard comps for regular down-to-earth players like you and me.
But entertainment is another popular comp.
For low rollers, rebates are often awarded in the form of coupons or free play.
High rollers can receive cash or a check as part of their rebate.
Most casinos make heavy use of direct mail to entice gamblers to return to their casino and play.
Even low rollers can get free transport to and from the casino.
I see buses taking groups of gamblers to the Winstar all the time.
Many of the people riding those buses pay nothing for the ride, although they lose enough money at the casino to more than make up for that cost.
How Gambling Companies Do the Math That Makes Their Comps Program Profitable Other than the free drinks and occasional free coupons sent in the mail, $1000 1 hour free play best online casino gambling casinos award comps based on your actual time spent playing.
They account for how many bets per hour you make and at what amount when deciding how much to award you and when.
Instead, casinos calculate your comps based on your theoretical expected loss.
Over the long run—and casinos serve thousands of customers per day—the casino has an excellent idea of how much your play is worth.
The calculations are based on your expected losses, not your actual losses.
One way to maximize the comps you get for the money you lose is https://bannerven.com/best/best-5-blackjack-tables-in-vegas.html play a game with a tiny house edge.
If you can play blackjack with perfect basic $1000 1 hour free play best online casino gambling, you can get the edge in the game down to 0.
Fooling the pit boss is harder than you think.
The last thing they were going to do is rate me higher when they knew I was counting cards.
Counting cards does you no good if the dealers shuffle after every hand.
Taking lots of breaks can result in fewer hands per hour than the casino estimates, which reduces your expected hourly loss by a lot.
What effect does that have on your expected hourly loss?
It reduces it by another 25% or so.
Expert video poker play can also result in smaller expected losses per hour.
In fact, with certain video poker games, $1000 1 hour free play best online casino gambling combinations of comps with the tiny house edge can result in an overall positive expected value for the player.
The edge is too small, and games with those pay tables are usually only available for small stakes.
How much of your expected losses can you expect back in comps?
It varies, but the casino calculates that they can afford to give you back 40% of your expected loss in the form of comps.
How Do Online Casino Bonuses Work?
Instead, online casinos offer you sign up bonuses and ongoing deposit bonuses.
These amount to free amounts $1000 1 hour free play best online casino gambling money awarded $1000 1 hour free play best online casino gambling your account just for making a deposit—either as a new player or as an existing player.
Bonus hustlers used to take advantage of these offers to generate almost guaranteed profits.
A friend of mine once bought a jukebox by taking advantage of casino bonuses at a dozen different casinos and cashing out his winnings.
Online casinos have responded to this by instituting wagering requirements that make it almost mathematically impossible to come out ahead when taking advantage of a bonus.
But the casino requires you to wager this amount 35 times before cashing out.
They also restrict your play to slot machines.
You can play blackjack, too, but only 10% of your blackjack wagers count toward fulfilling your wagering requirements.
A good ballpark estimate for the house edge on a slot machine game is 6%, but who knows?
On the other hand, if you play blackjack, the house edge is only 0.
Some people learn how to take advantage of the comps system in such a way that they gamble practically for free.
They want your money.
Michael Stevens Michael Stevens has https://bannerven.com/best/worlds-best-online-poker-players.html researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting.
Michael has been writing for GamblingSites.
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