Curious - How much does a casino make off a VIP (high roller) per year?
For accuracy let's define VIP tier as Caesars Diamond, Boyd Emerald, MGM Gold, MyChoice Preferred
Quote: VladPutinI'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
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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
Quote: AlanMendelsonQuote: VladPutinI'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.
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 ??
Average daily win of a strip casino:
$662K attributed to gaming wins
Quote: VladPutinI'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, ...)
Quote: VladPutinI'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.
Yes, but that’s 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)Quote: Dieter[
The numbers I usually hear work out to 1 average bet per hour
edit: this is for table players.
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Though I don’t pay much attention to comps, my understanding is that blackjack is probably the best opportunity since they generally assume a 2% edge though it’s about 0.5% if you play proper BS. You’re effectively leveraging your rated play up 4x
Quote: Ace2Yes, but that’s 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)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
Though I don’t pay much attention to comps, my understanding is that blackjack is probably the best opportunity since they generally assume a 2% edge though it’s about 0.5% if you play proper BS. You’re effectively leveraging your rated play up 4x
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Indeed. Ballpark.
I expect "time" is going to move more slowly at games like Pai Gow.
