Comps for Those Who Get Slaughtered at the Tables

Let's assume a gambler plays several table games (craps, bacarrat, blackjact, etc) and based upon their bet size and number of hours played has an expected theoretical loss of $1,000 over the weekend in Las Vegas.

However, due to variance's ugly head, the player ends up losing $10,000 or $20,000 over the weekend. Would a host factor that in and give this gambler additional comps? Or would they still only comp them their theortical loss of $1,000 x 30% (approximate) or $300.

If they have a host, somewhat more is possible to likely, but not a whole lot more. Otherwise, same as usual.
Except for whales.

Quote: Juyemura

However, due to variance's ugly head, the player ends up losing $10,000 or $20,000 over the weekend. Would a host factor that in and give this gambler additional comps? Or would they still only comp them their theortical loss of $1,000 x 30% (approximate) or $300.

It kind of depends on the property and whether they see you as a long-term customer. Chances are most Strip properties are going to be pretty stingy when it comes to doling out the comps; Caesars properties may not even get you $300, more like $30 (and that's not even a joke). MGM and other "chain properties" are also more likely to err on the stingy side, especially on a first trip.

However, casinos fighting for their lives (i.e. Cosmopolitan, Riviera, Tropicana) might front you the future based off $20,000 in loss, presuming you come back and give them the same kind of action. The host should know exactly (or nearly exactly) where you are in the win/loss column, and if you show $20,000 in losses, while you certainly won't get $6000 back, they might (and should) pay for the room, probably upgrade you, all food and drinks comped, and perhaps a show or a spa pass or something like that.

The value of all that combined would be way more than $300, but to the casino, they're only out a smaller amount. Anything they can do on the cheap, you're pretty much guaranteed to get at that point... if they think you'll be a long-term customer.

You might want to find a host first, before stepping foot on the floor in that case. Introduce yourself and get acquainted. Make sure you're betting big when it counts, and of course, NEVER play for the comps. If you give them the action like that, you'll get all the easy stuff without question.

There are programs that provide a % of cash back for losses. However, I don't know if a $20k handle would justify it. It could be a host kicking back a portion of his cut to keep the gambler coming back.

(edit) Here is a link to some info on a cashback program at Binion's. It is designed for slot and VP, but I suspect a $20k buy-in craps or table games player could get something back in addition to the usual RFB if they asked ahead of time and guaranteed a certain level of action.