Two Slot Players. - Same Comps?
June 12th, 2011 at 3:12:57 PM
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Both Player A & B gamble at the same casino for the same length of time (same number of total spins).
Player A plays the $1 slots, max bet of $3 per spin.
Player B plays the penny slots, max bet of 300 pennies per spin.
Is there a difference in comps for the two players? Their total coin in is exactly the same as each other but the house edge for the penny slot machine is a lot higher then the $1 machines.
Player A plays the $1 slots, max bet of $3 per spin.
Player B plays the penny slots, max bet of 300 pennies per spin.
Is there a difference in comps for the two players? Their total coin in is exactly the same as each other but the house edge for the penny slot machine is a lot higher then the $1 machines.
June 12th, 2011 at 3:27:51 PM
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Quote: gamblerBoth Player A & B gamble at the same casino for the same length of time (same number of total spins).
Player A plays the $1 slots, max bet of $3 per spin.
Player B plays the penny slots, max bet of 300 pennies per spin.
Is there a difference in comps for the two players? Their total coin in is exactly the same as each other but the house edge for the penny slot machine is a lot higher then the $1 machines.
Penny player will receive more comps.
June 12th, 2011 at 5:15:30 PM
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Most likely yes. The casino knows he is more valuable but CW just brings the drinks probably without knowing anything about which slot machine is which.Quote: IkePenny player will receive more comps.
June 12th, 2011 at 5:40:18 PM
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I think they would be rated the same. Most clubs use coin-in for club points.
Before you diagnose yourself with depression or low self-esteem, first make sure that you are not, in fact, just surrounded by assholes." ~ William Gibson
June 12th, 2011 at 5:57:08 PM
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I have tested this in the past in Colorado just for grins and found the comps and points to be equal. Any guess what the average bet on penny machines is ??
June 12th, 2011 at 6:21:06 PM
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Quote: avargovI think they would be rated the same. Most clubs use coin-in for club points.
Coin in is a factor, but most slot clubs use the theoretical hold of every game in the equation to determine the theoretical/expected loss of a player.
June 12th, 2011 at 7:13:49 PM
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Perhaps I would agree about future offers. But not on same stay comps. Whether I earn 1000 points at a $10, 2 coin machine, or on a penny machine betting 15 cents a spin, I will have the same amount of comp dollars.
As I understand it, the average payback percentage is taken into account when the club initially assignes 'value' to its club point.
As I understand it, the average payback percentage is taken into account when the club initially assignes 'value' to its club point.
Before you diagnose yourself with depression or low self-esteem, first make sure that you are not, in fact, just surrounded by assholes." ~ William Gibson
June 13th, 2011 at 2:46:03 AM
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I think this is correct. The casino focuses on theoretical loss, not your actual loss. Oh sure, they might make certain adjustments once a human gets involved such as host wandering by or your asking for something special, but the basic formula is in the computer and depends upon the type of machine you play rather than your actual luck when you are playing it.Quote: IkeCoin in is a factor, but most slot clubs use the theoretical hold of every game in the equation to determine the theoretical/expected loss of a player.
June 13th, 2011 at 5:56:18 AM
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You're right, slot points are generally based on coin in. Comps and mailed offers are based on theoretical loss.
June 13th, 2011 at 9:20:26 AM
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How about Megabucks then? Their house hold is also higher then other $1 slots. Do you get rated better for them?
June 13th, 2011 at 9:42:50 AM
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The Megabucks Slot Machine is a licensed slot not owned by the casinos in which it is placed. I believe that with so much of the money leaving the casino and going to Megabucks, the casino would be quite likely to comp at a pronounced lower rate if a slot player were to spend much time on a Megabucks.
June 13th, 2011 at 10:34:32 AM
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Quote: gamblerHow about Megabucks then? Their house hold is also higher then other $1 slots. Do you get rated better for them?
Probably not - Progressive amounts are usually not included in the equation because eventually it will be paid back to the players. Then in Megabucks' case, being a proprietary game, the casino probably pays licensing or lease fees to have it on the floor. That would also decrease the hold % for the casino further lowering the comp rate for the player on that game. There is no black and white or right or wrong answer of how each casino may figure out comps. Most casinos are different, and most use a closely guarded and complicated formula for player reinvestment.
For simplicity's sake though, most if not all casinos use average daily theoretical hold in determining what a player is worth. How they pay back that player differs greatly from one casino to the next.
June 13th, 2011 at 10:41:14 AM
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Quote: IkeCoin in is a factor, but most slot clubs use the theoretical hold of every game in the equation to determine the theoretical/expected loss of a player.
I have found this varies greatly.
Some clubs go STRICTLY off of coin-in, and they assign it variously.
I play strictly vP, however, at my home-casino, I don't play vP at all, because they rate vP so poorly overall...here's an example
A friend and I play
We both earn $15 a day in comps every Friday/Saturday for a month straight ($120 total comps for the month, each)
However, for me that means playing a $30 average bet ($5 flat 3/4/5x odds) for 3 hours each day.
For her, that means playing $4500 coin-in per day (25c 9/6 JoB; which takes approx twice as long as me)
NOW, here's where it gets interesting...
My MAILERS are the same for Rooms/Shows/Events; HOWEVER, our FREE PLAY (read: welfare) is MUCH different.
I get $400 promo chips every weeks (guranteed $200 truthfully)
SHE gets $75 free slot play every two weeks (We usually can suck out the $75)
Hence me not playing vP at this particular casino (Because they don't value it very highly)
However, at any other casino, vP is valued equally to table play, so I play vP elsewhere (Where I can get .5% cashback and .72% cashback)
Gambling calls to me...like this ~> http://www.youtube.com/watch?v=4Nap37mNSmQ
June 13th, 2011 at 11:12:47 AM
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Where do you get .5% and .72% back, if you don't mind me asking?Quote: TIMSPEED
However, at any other casino, vP is valued equally to table play, so I play vP elsewhere (Where I can get .5% cashback and .72% cashback)
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
June 13th, 2011 at 12:56:26 PM
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I thought more and more casinos are openly de-valuing Video Poker comp rates although some allow a modest amount of time at the machine before the comp rate plummets.
June 13th, 2011 at 7:33:32 PM
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Quote: FleaStiffI thought more and more casinos are openly de-valuing Video Poker comp rates although some allow a modest amount of time at the machine before the comp rate plummets.
Most casinos do rate video poker players worse than slot players, and they are openly honest about it. They will tell you the base rate for earning slot points on a slot or video poker game. Beyond that, they base comps and offers on the average daily theoretical loss of the player, where a video poker player that plays all day long can be more profitable penny slot player that only plays a couple hours a day. In that case, the slot player will earn points at a faster rate than the video poker player, but discretionary comps, room offers and food offers for the video poker player will most likely be greater than the slot player.
