ViennaPizza
ViennaPizza
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October 5th, 2022 at 6:19:15 AM permalink
I'm curious how much the casino makes off the average (or median) high roller per year. $1k? $10k? $100k? I don't think I even have a ballpark for this answer but I'm very interested in knowing.

For accuracy let's define VIP tier as Caesars Diamond, Boyd Emerald, MGM Gold, MyChoice Preferred
AlanMendelson
AlanMendelson
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October 5th, 2022 at 6:38:53 AM permalink
Quote: VladPutin

I'm curious how much the casino makes off the average (or median) high roller per year. $1k? $10k? $100k? I don't think I even have a ballpark for this answer but I'm very interested in knowing.

For accuracy let's define VIP tier as Caesars Diamond, Boyd Emerald, MGM Gold, MyChoice Preferred
link to original post



I've lost track of how much betting is required to reach those levels, especially with the various tier point promotions the companies offer.

I think we'd also need to know what comps each player gets and the cost of those comps to the casino.

Why wouldn't you just multiply the coin in by the hold on the games and then subtract the value of the comps?

I'll give an example.

$1-million coin in.
1% hold for the casino on the game
Casino win = $10,000
Less comps (RFB, gifts, marketing) $2500
Net casino profit $7500
ViennaPizza
ViennaPizza
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October 5th, 2022 at 6:49:33 AM permalink
Quote: AlanMendelson

Quote: VladPutin

I'm curious how much the casino makes off the average (or median) high roller per year. $1k? $10k? $100k? I don't think I even have a ballpark for this answer but I'm very interested in knowing.

For accuracy let's define VIP tier as Caesars Diamond, Boyd Emerald, MGM Gold, MyChoice Preferred
link to original post



I've lost track of how much betting is required to reach those levels, especially with the various tier point promotions the companies offer.

I think we'd also need to know what comps each player gets and the cost of those comps to the casino.

Why wouldn't you just multiply the coin in by the hold on the games and then subtract the value of the comps?

I'll give an example.

$1-million coin in.
1% hold for the casino on the game
Casino win = $10,000
Less comps (RFB, gifts, marketing) $2500
Net casino profit $7500
link to original post



Because you don't know the % Hold. You don't know what games these players play, or how well they play them if they play skill based games. All you know is a ~90% RTP they hang on a plaque on the cashier cage which is the aggregate of ALL machine players, not the VIP player base nor anyone who plays table games.
AlanMendelson
AlanMendelson
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October 5th, 2022 at 7:05:57 AM permalink
Use 10% as casino profit if that's what you think it is.

How much coin in or table bets?

Betting X 10% = casino gross profit

Subtract cost of comps, gifts, marketing

What's left is net profit per player.

Fill in the blanks.

My example:

$1-million coin in
$100,000 casino gross profit
Less cost of comps, gifts, marketing

Net profit ??
AlanMendelson
AlanMendelson
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October 5th, 2022 at 7:10:59 AM permalink
Keep in mind this statistic from 2018:

Average daily win of a strip casino:

$662K attributed to gaming wins
Mukke
Mukke
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October 5th, 2022 at 10:20:30 AM permalink
Quote: VladPutin

I'm curious how much the casino makes off the average (or median) high roller per year. $1k? $10k? $100k? I don't think I even have a ballpark for this answer but I'm very interested in knowing.

For accuracy let's define VIP tier as Caesars Diamond, Boyd Emerald, MGM Gold, MyChoice Preferred
link to original post




I think we have a very different perception of "high roller". MGM gold is FAR from what I would consider high roller. Even Diamond is achievable well before I would consider calling you a high roller.

The reason I say this, is because the calculation becomes a lot more complicated when you move from the generic players (gold, platinum) where comps are relatively easy to calculate as it's mostly automated (comped rooms, free play, resort credit) to true high rollers (flying people in, comping unique suites, flying in special caviar, ...)
Dieter
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Dieter
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October 5th, 2022 at 10:37:38 AM permalink
Quote: VladPutin

I'm curious how much the casino makes off the average (or median) high roller per year. $1k? $10k? $100k? I don't think I even have a ballpark for this answer but I'm very interested in knowing.
link to original post



The numbers I usually hear work out to 1 average bet per hour, less 30% for comps.

So... how many hours is average?

edit: this is for table players.
May the cards fall in your favor.
Ace2
Ace2
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October 5th, 2022 at 1:23:41 PM permalink
Quote: Dieter

[

The numbers I usually hear work out to 1 average bet per hour

edit: this is for table players.
link to original post

Yes, but thatís a very rough estimate. You lose more like two bets per hour playing 00 roulette and half a bet per hour playing the passline (odds excluded for comps)

Though I donít pay much attention to comps, my understanding is that blackjack is probably the best opportunity since they generally assume a 2% edge though itís about 0.5% if you play proper BS. Youíre effectively leveraging your rated play up 4x
Itís all about making that GTA
Dieter
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Dieter
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October 7th, 2022 at 7:53:54 PM permalink
Quote: Ace2

Quote: Dieter



The numbers I usually hear work out to 1 average bet per hour

edit: this is for table players.
link to original post

Yes, but thatís a very rough estimate. You lose more like two bets per hour playing 00 roulette and half a bet per hour playing the passline (odds excluded for comps)

Though I donít pay much attention to comps, my understanding is that blackjack is probably the best opportunity since they generally assume a 2% edge though itís about 0.5% if you play proper BS. Youíre effectively leveraging your rated play up 4x
link to original post



Indeed. Ballpark.
I expect "time" is going to move more slowly at games like Pai Gow.
May the cards fall in your favor.
JackSpade
JackSpade
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October 7th, 2022 at 9:37:04 PM permalink
Casinos are well aware that blackjack can be beaten, far less concerned about Ultimate Texas Holdem. Optimal play on UTH can bring the (effective) house edge down to 0.5%. There are also opportunities for advantage players to reduce the edge even further (seeing other players' cards, etc.). Some casinos may comp UTH better than BJ because they think it's less vulnerable to APs or because the average player loses at a higher rate on UTH than BJ.

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