MB
MB
Joined: Aug 20, 2015
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January 22nd, 2017 at 8:01:18 PM permalink
For some reason, I felt compelled to share my craps "style" (not a system). Deep down, part of me actually hopes that my casino realizes that there is a massive flaw in their comps system and fixes it..

Here goes: I play about 4-5 hours a trip at a $25 table in the "high roller" room and make $60 in place bets average. If the point is 6/8, $60 goes on the other number. If the point is an outside number, $30 goes on both. I will press occasionally...usually after 1 point hits and I'm positive for the roll. The casino, unbelievably, gives me the following comps: $300 in match play per month ($150 EV), $200 in meal/massage comps per month, free shows, and 4 free nights / month. I value a free night at around $100-150. In the summer, these rooms go for around $400-500/night.

I figure my theoretical loss is as follows. Assume 100 rolls per hour (possibly a tad on the high side). 30% come out rolls x $25 x 1.41% house advantage = $11/hr. 70% non-come out rolls x $60 x 0.46% per roll house advantage = $20/hr. There are a few times I deviate from this style (maybe once an hour) with $137 across + repeated come bets. So, let's call this $40/hr * 4.5 hrs / trip * 48 trips / year = $8640/yr.

My comps, per month, are $150 EV from match play + $200 meal&/spa + $500 room&show = $850 x 12 = $10,200/yr. In addition, there is the occasional mistake in my favor.

I've read that the average comp rate is ~30-40%. It looks like I'm getting >100%. I can't complain. I have a lot of fun playing, my wife gets massages (which she would get anyway), and my kids (5 & 6) get time in the pool and ice cream. I've been doing this for about a year now. I don't see this continuing forever.
Mooseton
Mooseton
Joined: Sep 6, 2010
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January 22nd, 2017 at 8:28:00 PM permalink
You're not breaking the bank here. This probably could continue forever. I would call it penny pinching for it to end. BOL.
$1700, 18, 19, 1920, 40, 60,... :/ Thx 'Do it again'. I'll try
callthefloor
callthefloor
Joined: Jan 23, 2017
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January 23rd, 2017 at 2:31:56 AM permalink
What property is this?
odiousgambit
odiousgambit
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Thanks for this post from:
TomG
January 23rd, 2017 at 3:05:22 AM permalink
the 150*12 is the big deal, $1800 back for $8640 in theo. The other items I personally would not value as highly as you do nor does it 'cost' the casino full value.

Yeah, I know, buzzkill.

I agree with you, though, that these comps are excellent compared with most casinos and certainly so when it comes to Craps.

*If* it is true that you would take a vacation every month for 4 days and you and yours would do fine dining, spas, massages, 'the pool' etc. *anyway* , even if you weren't a gambler, and would have no inclination to try to get discounts for that much spending, then *yes* you are making out very well here.

But stop to realize you are spending over $7000 a month year [edit after being corrected], [freeplay applied] to have this lifestyle.

Edited.
Last edited by: odiousgambit on Jan 23, 2017
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
TomG
TomG
Joined: Sep 26, 2010
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January 23rd, 2017 at 5:07:12 AM permalink
Quote: MB

I've read that the average comp rate is ~30-40%. It looks like I'm getting >100%. I can't complain. I have a lot of fun playing, my wife gets massages (which she would get anyway), and my kids (5 & 6) get time in the pool and ice cream. I've been doing this for about a year now. I don't see this continuing forever.



Hard comps vs soft comps. The casino is almost certainly profiting from your visits and are fine with you as a customer. It may very well continue indefinitely. It's not the norm to get meals/rooms cheaper from your action, but it definitely does happen a lot. Comp hustling, along with card counting, is probably the most basic advantage system in casinos. Enjoy

(and remember to tip the masseuse)
MB
MB
Joined: Aug 20, 2015
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January 23rd, 2017 at 5:53:53 AM permalink
Quote: odiousgambit

the 150*12 is the big deal, $1800 back for $8640 in theo. The other items I personally would not value as highly as you do nor does it 'cost' the casino full value.

Yeah, I know, buzzkill.

I agree with you, though, that these comps are excellent compared with most casinos and certainly so when it comes to Craps.

*If* it is true that you would take a vacation every month for 4 days and you and yours would do fine dining, spas, massages, 'the pool' etc. *anyway* , even if you weren't a gambler, and would have no inclination to try to get discounts for that much spending, then *yes* you are making out very well here.

But stop to realize you are spending over $7000 a month, [freeplay applied] to have this lifestyle.

Edited.


It's $7k per year...I'm quite confident I did the math correctly. Also, I'm sure you've heard of the phrase "happy wife, happy life". She really enjoys massages and she would likely get them regardless of whether we took these mini-trips. So, that's why I value the massages at face value...only because they would be out-of-pocket expenses anyway.


>> even if you weren't a gambler
The entertainment value for me is worth it...I'm definitely not a comp chaser. In fact, if they didn't give me all this stuff, I would gamble less. So, it's sort of a crazy equilibrium. More comps won't increase my play, but fewer comps would certainly decrease it. Maybe the casino knows what they're doing.
odiousgambit
odiousgambit
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January 23rd, 2017 at 7:09:55 AM permalink
Quote: MB

It's $7k per year...I'm quite confident I did the math correctly.

oops, sorry

Quote:

Also, I'm sure you've heard of the phrase "happy wife, happy life". She really enjoys massages and she would likely get them regardless of whether we took these mini-trips. So, that's why I value the massages at face value...only because they would be out-of-pocket expenses anyway.


>> even if you weren't a gambler
The entertainment value for me is worth it...I'm definitely not a comp chaser. In fact, if they didn't give me all this stuff, I would gamble less. So, it's sort of a crazy equilibrium. More comps won't increase my play, but fewer comps would certainly decrease it. Maybe the casino knows what they're doing.



Oh, I think so, but some bean-counter could swoop in anytime and your deal could change
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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January 23rd, 2017 at 8:22:06 AM permalink
Playing in the high roller room helps a bit on the comps.
Playing a fairly long session helps also.

Its a very generous casino, true.

Now remember... a casino is charged the casino rate for a room. If they give that room to your free all they've done is pay the casino rate for the room, not the retail quoted rate for the room.

SPAs are wonderful things, very popular. Get a price list from your home town for a day spa.... and compare it with the casino's spa. Ofcourse "comped' spa is best of all.

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