Comps

[FLASH1296]

curious question

You are referencing something pretty bizarre.
Just betting the first and last hand of each shoe if I read you correctly.
What makes you think that doing that would change anything ?

Your expected loss will depend on the rules of the game and number of decks.
If your game's e.v. is -.50 you will simply lose that % on average on each bet.
So ... a pair of $1,000 bets means $2,000 bet at an expectation of -.50 meaning that your loss will average to $20.00 per shoe.

I still cannot fathom what you are thinking about.

 

[Sonny]

So ... a pair of $1,000 bets means $2,000 bet at an expectation of -.50 meaning that your loss will average to $20.00 per shoe.

It would be about -$10 per shoe. As AM said, you would only be playing about 24 hands but you would be rated for a full hour of play. You’ve cut your losses in half but you are getting the same comps.

-Sonny-

 

[FLASH1296]

Absurd Conclusion

You imagine that someone betting $1,000 will have his disappearing act go unnoticed?

That is a completely absurd presumption.

Incidentally, every casino is fully aware of people who "play for comps."​

 

[FLASH1296]

more on this ...

NO casino on earth will fail to notice that you bet $1,000 and take a walk.

It occurs to me that you think that you will be treated the same as a player betting an equivalent hourly total.

If I bet $50 per hand for a typical 8 deck shoe with 3 other players at the table I will average $200 per hand for a total hourly "handle" of $200 x 11 rounds = $2,200.

Sorry to burst your bubble, but I doubt that that would happen. You might be given a rating of 1/2 or 1/4 of that but I certainly would not be at all surprised if a casino refused to rate you at all.

Casinos resent half-smart guys betting for comps.

 

[Midwestern]

Revival!

Reviving an old thread because i believe that this thread has good information...

I was playing this weekend and I asked a Pitboss if she would please let me know how much credit i have on my players card.... She responded that I have $9.00 of credit on it....
I was puzzled because i felt like i should have had a lot more given my swings at this place, and my total handle wagered is pretty high...

Now i play at ONE store, i spread 1-15 with a 5$ base unit, and i've accumulated around 50 hours of play. (maybe more but i think i've had about 15 sessions with each session being 3 hours)

To think that my credit is only $9.00 brings up a few questions:

do they have me fingered as a counter (because of the extremely low comp value i've accumulated) ? are they using a much smaller "disadvantage" number because they notice i play with perfect BS?

AND MOST IMPORTANTLY

is this indicative that i should be using more cover in order to gain longevity at this location?

the Last thing i want is to be backed off at my only store. In my Ap career of 3 months i am net up around 70 units (had bad losses early due to bad gambling discipline) so i hardly think that i'd be in their books as "big winner".

 

[FLASH1296]

All figures are approximate


A 15-1 spread generally will generate a mean bet of approx. $8
Red chip tables tend to be crowded. Presuming 60 handsper hr.
after 50 hrs. of play your total action was on the order of
60 x 50 x 8 = $24,000 Using a 1% House Advantage for this
algorithm and a standard comp' rate of 24% means we nect go to
$24,000 x 0.01 x 24.0 = $57 or about $1 an hour.

This assumes that you were rated for all 50 hrs. In my experience, MANY
casinos will not even bother to rate you for light red action. Either that,
or they do not like you very much.

 

[Midwestern]

they do not like you very much.

that is my biggest concern due to the ambiguity around the situation...

Am I an unwelcome guest because of my good Blackjack skills, or do i just completely fly under the radar as an insignificant threat (and therefore not even rated)?

 

[FLASH1296]

That all depends on where you are playing, as to whether you are insignificant to them or an irritating presence as a red chip counter.

 

[shadroch]

Reviving an old thread because i believe that this thread has good information...

I was playing this weekend and I asked a Pitboss if she would please let me know how much credit i have on my players card.... She responded that I have $9.00 of credit on it....
I was puzzled because i felt like i should have had a lot more given my swings at this place, and my total handle wagered is pretty high...

Now i play at ONE store, i spread 1-15 with a 5$ base unit, and i've accumulated around 50 hours of play. (maybe more but i think i've had about 15 sessions with each session being 3 hours)

To think that my credit is only $9.00 brings up a few questions:

do they have me fingered as a counter (because of the extremely low comp value i've accumulated) ? are they using a much smaller "disadvantage" number because they notice i play with perfect BS?

AND MOST IMPORTANTLY

is this indicative that i should be using more cover in order to gain longevity at this location?

the Last thing i want is to be backed off at my only store. In my Ap career of 3 months i am net up around 70 units (had bad losses early due to bad gambling discipline) so i hardly think that i'd be in their books as "big winner".

You need to find out the stores policy before you try to make sense of things. As an example- Four Queens gives comps based on table play, but they expire 24 hours after your last play, so if you ask a week after your last play, you will have lost all your table comps. Another casino gives comps on table play, but they don't take effect for 24 hours after you earn them. Two casinos, two polar opposites when it comes to using comps.
Whitout knowing what you can expect, anything else in conjecture.

 

[sabre]

Some casinos simply comp table game players terribly.

For example, the Rivers casino comps less than $1/hr for an average bet of $100/hr at blackjack. I'd like to have a conversation with the genius who came up with that rate.

 

[FLASH1296]

A good point by shadroch

 

[Dyepaintball12]

Way back in this thread someone posted to "buy in as much as possible to look like a High Roller." This is baddd advice. No High Roller would buy in for $1,000 and start betting $5.

Wong in to make it look like your spread is lower while starting you off with a good average bet. Also, during shuffles, put a larger bet out in the circle so when the PB comes over she writes it down.

Then take it out.

 

[FLASH1296]

A ubiquitous old myth that persists, in spite of the facts to the contrary,
is that the amount of your buy-in is a factor in how you will be rated.

That is false.

 

[Gamblor]

The reason they record your buy in is to help assess how much you've lost or won. So if you buy in for x amount and then have to buy in for x, you've lost x amount. If your up and cash out with y amount, you've won y - x amount. That is all.

Just recently a ploppy bought in again for $300 and then promptly left the table. The pit and dealer looked at her like she was an idiot.

 

[Dyepaintball12]

The reason they record your buy in is to help assess how much you've lost or won. So if you buy in for x amount and then have to buy in for x, you've lost x amount. If your up and cash out with y amount, you've won y - x amount. That is all.

Just recently a ploppy bought in again for $300 and then promptly left the table. The pit and dealer looked at her like she was an idiot.

Money Launderer!

 

[tthree]

At Delaware Park the other players were always cashing out on the shuffle going to the cage and rebuying later. I asked the dealer why so many people followed that pattern. He said they were rated according to their buyins(in part???). Ive never heard this before and while never comped myself I traveled with my dad who was full RFB. Was this counter cover that spilled into ploppies heads?

We also always signed tips to the room. Ive heard people here say they never comp tips. While this was generally true on many occasions my dad report they even picked up the tips after we had checked out.

 

[ChefJJ]

We also always signed tips to the room. Ive heard people here say they never comp tips. While this was generally true on many occasions my dad report they even picked up the tips after we had checked out.

Hmmm. I cannot personally attest, because I almost always leave tips in cash. But working through the logic, when I charge meals to the room it appears to be the total amount of the bill that makes it (tax and food). Wouldn't a gratuity just be part of the total then? And the next morning when the desk comps the bill, does the clerk weed through itemized bills?