Bad comps at your local Casino?

One of my locals makes you spend hundreds of dollars in slot play and then gives you a measly $5 in "withdraw" money. What an insulting, unfunny joke! They will lose slot players quickly with this stingy attitude! So, what bad comps do your local casinos give?

They also give out measly $5 free play months apart. Seriously? No, just no.

Quote: Dean

One of my locals makes you spend hundreds of dollars in slot play and then gives you a measly $5 in "withdraw" money. What an insulting, unfunny joke! They will lose slot players quickly with this stingy attitude! So, what bad comps do your local casinos give?

They'll do fine. You're smart, but they don't want smart, they want rich and stupid Free play might be a joke, but so are the slots, and people are obviously playing them. As long as they lose you as a player, that's all that's important and the best comp they could give you.

Comps, as an industry standard, are generally about 20% of your Expected Loss (EL). Let's say you're playing a slot machine with a 10% house edge. It's $1/pull and you play for 100 pulls.

Expected Loss (EL) = TotalWagered*HouseEdge = (NumHands*AvgBet)*HouseEdge = (100*1)*(-.10) = -$10

So you see, from playing $100 in action you really only expect to lose $10. They can't turn around and comp you $50 for playing your $100 in action. You said a couple hundred... okay, let's say you played 200 spins. From above we can show this only results in an expected loss of $20. If they comped you $10-$20 they would be giving away all of their profits!

Like I said above, industry standard gives back about 20% of Expected Loss. THUS, if you play 200 spins, expect to lose $20, they'll comp you back $20*(.20) = $4. This is very standard with the rest of the industry. I hope you also realize (most people don't) that they're also "comping" you with your own expected losses money.

I've noticed on the East that casinos with little competition have garbage comps. Parx, Delaware Park, Valley Forge....

Quote: gamerfreak

I've noticed on the East that casinos with little competition have garbage comps. Parx, Delaware Park, Valley Forge....

And casinos where there is reasonable competition seem to be much more generous. For example, Tunica and Gulfcoast Mississippi casinos. They want you to know they REALLY appreciate your play, because they know you can easily play somewhere else.

Contrast that with Seminole casinos in Florida, where they have limited table-game competition. Green-chip BJ tables have people double-deep waiting for a seat to open. The casino seems to believe the players should appreciate the casino for allowing them to play. And, since it's the only game in town, the players probably do appreciate having the opportunity to play, regardless of how badly the table rules tilt against them.

Sorry, I can't be more specific on casinos with bad comps. I usually avoid playing there.

As of now, that local I was ranting about has gotten so much better. They gave me $40 in free play, in just one day and the trip before that one I actually left AHEAD. They seemed to have turned a new leaf for the better after being plain garbage in prior trips.

I disagree that they are gonna lose players quickly. How can you know that your experience is the same as your. Maybe you just have a bad day and lose a lot of money.

Quote: Mobcasinos

I disagree that they are gonna lose players quickly. How can you know that your experience is the same as your. Maybe you just have a bad day and lose a lot of money.

I do think
a casino that suddenly dropped free play would lose a fair amount of business. The reason they send free play pretty much across the board? Because it works.

It gives people an excuse/reason to go to the casino.
It's become a richual for many people.

I'm not sure how many people go to the casino planning to only spend x amount, but then spend much more than they originally planed. I assume it's a high percentageof people.

Quote: AxelWolf

I do think
a casino that suddenly dropped free play would lose a fair amount of business. The reason they send free play pretty much across the board? Because it works.

It gives people an excuse/reason to go to the casino.
It's become a richual for many people.

I'm not sure how many people go to the casino planning to only spend x amount, but then spend much more than they originally planed. I assume it's a high percentageof people.

Even if that wasn't the case, sending out FP still would definitely help the casino. Actually, it might be better for the casino (in the long term) if people only lost as much as they were willing to lose. It's easier to scrape up $100 every day to go to the casino.....not so easy to scrape up $1k every week or so. The more you play, the more you lose, and now you need more money next time you go to the casino to get the same high / thrill.


And of course it gives people a reason to go. I bet if a casino gave out $20 every day to every player, they'd make a killing. Of course, they'd have to have an automatic-flagging system that shuts off someone's $20-a-day if they abuse it. Or maybe once a week or something like that, instead of every day.

Quote: gamerfreak

I've noticed on the East that casinos with little competition have garbage comps. Parx, Delaware Park, Valley Forge....

I used to be a regular low roller at Borgata in Atlantic City, playing mostly Pai Gow poker. The comps were great, very generous.