For the last year or so I have played mostly anonymously as a refusal, only occasionally playing rated to earn some food comps. Lately I have been weighing the idea of playing more for comps and there have been some good discussion on the subject, including the current "easy way to get comped @harrah's" thread and even "Ap's are just advanced ploppies" touches on my thoughts.
I know some AP's like Kim Lee and Shadroch consider comps a major part of their advantage play compensation, while others just want to eliminate or reduce expenses.
Here is kind of where I am at in my thought process at the moment.
Lets say I am willing to devote 2 hours to comp play.
senario #1 I play blackjack rated for 3 hours at a reduced spread earning an expected win of 1 unit per hour or $75, but would receive comps to cover room and food.
Senario #2 I play other, negative expected games such as video poker for a couple hours showing an expected loss, but covering room and food.
Senario #3 I play 2 hours of unrated BJ at my normal spread earning an expected win of close to 3 units per hour or $225 dollars for 3 hours. No Comps. I pay for my room and food.
From a strictly financial point, number 3 seems to make the most sense for me at my level of play. I don't need a room in Vegas, but other locations such as AC or Reno that I may travel to rooms are very inexpensive at the moment with supply far outweighing demand. The extra $150 generated from #3 easily covers cost, and then some.
Of course the second consideration is cover. Having some negative EV games on record and even lower spread BJ would provide some cover. Of course the trade off to this is that the casino has information about you. Playing unrated they have none.
At this point in my thought process the decision seems pretty simple to me to continue to play unrated. Is there any angle that I am missing or perhaps not considering? Again, I am speaking only of my situation. For those that travel with a spouse and want to turn their trips into a working vacation and get nice suites and top restuarants, the equation would be different. For those playing at a significantly higher level than myself that can earn airfare reinbursement as well, again that would be a different consideration. Appreciate any thoughts, especially from those much more educated about the comp systems than myself.