What Are Comp Points On Online Casino
Oct 29, 2006 This particular casino told me I had to playthrough 20X and could only cash out 8X the comp points if my memory serves me on that last figure. If I cash in say 10,000 comp points and receive $10.00 to play in a casino I have to play through 20X and can only cash out. If I cash in say 10,000 comp points and receive $10.00 to play in a casino I have to play through 20X and can only cash out $80.00 if I were go make the playthrough. Which means if you hit something nice along the way it is like playing for fun. Comp Points are actually rewards at online casinos given to regular pokies player and can be earned by wagering in either Download, Instant, Mobile Casinos, and can be converted directly into cash! Moreover, you don’t have to be a high roller to earn Comp Points each registered player is automatically enrolled!
The easiest way to get more for your gambling dollar is to take advantage of comp VIP points for casino gamblers. Casino clubs and VIP programs are part of any decent casino strategy, since these groups reward you for your casino gambling with free food, rooms, gifts, and even cash back. Any time the casino is giving you something for nothing, you’re making money and shaving away some of the casino’s advantage.
What Are Comp VIP Points?
All casinos have some form of comp (which stands for complimentary) or VIP program designed to reward their loyal customers. Joining the VIP program at a casino should be one of the first things you do. Ask a casino host for information about the VIP program they offer, and join before you start playing. Once you register for the club, most of the time you’ll get a membership card you use in the various machines you play to get credit for your bets. This card is how the casino tracks your spending and determines how to reward you.
How Does the VIP Program Work?
Every time you use the card, your play on that machine is watched by the casino’s VIP department. Obviously, the casino will reward you for playing more, so the more you bet the more and better rewards you can earn. In areas where casinos are in heavy competition, like Las Vegas, many of them also offer instant rewards just for joining the club. These bonus offers have become really competitive, so the rewards you can get simply for signing up have become better. When you join a VIP club or comp program don’t be surprised if you’re offered free meals, free hotels rooms or room upgrades, free tickets to a show or concert, or even a cash-back offer.
VIP comp point programs allow you to earn complimentary gifts from the casino based on your coin-in amount on video poker and slots. At some casinos, you can also earn for bets placed at table games based on your average bet size, the amount of time you played, and the game you played.
Most of the time, comp points can be used like cash at the issuing casino-hotel property for everything except more gambling. Shop in the casino’s gift shop, buy meals at casino restaurants, and even use them to pay hotel charges. Still other casinos do allow you to turn in comp points for more gambling credits, usually on video poker and slot machines only. It isn’t unheard of for a casino to allow you to cash out your comp points after establishing a cash value for them.
What Is a Casino VIP Program?
Casinos offer VIP programs for members of their comp points or rewards program. When you join a comp point program, you are at the most basic level of the casino’s VIP program. You’ll stay at that level until you hit a certain amount of comp points, when you’ll be issued a different membership card that identifies you as a member of a higher VIP level. This means the hotel-casino will offer you better comps, like special seating in restaurants or at shows, big discounts in the casino gift shop, access to the front of the taxi line, and other goodies not available to members of lower VIP levels.
Climbing the VIP ladder means wagering more money on games in the casino. The trade-off is that you’ll earn better rewards more often the higher on the VIP scale you move.
Are There Any Rules to VIP Comp Points
There is no standard set of comp point or VIP rules; different casinos will have different rules and reward offers for their VIP / comp program. But there are some general truths about VIP comp points.
For example, the fancier the hotel or casino you choose, the more money will be required to earn comp VIP points and rewards. This isn’t always the case, and you should look into the fine print of any comp point program you join, but generally speaking, the more expensive the casino’s rooms, the higher the wager requirement to earn points. The other side of that coin is that the comps you can earn are better at the fancier hotel-casino properties, so it may be worth the extra expense to earn better rewards
Another general rule for VIP comp point programs: shop around. Since VIP programs vary from one casino to the next, you should shop around before you select a club to join.
One final fact about reward cards at casinos: many of them work at multiple casino properties, giving you more access to gambling that counts toward your comp points. An example of a comp program that works at many different casinos is Caesars’ Total Rewards program, accepted at more than three dozen casinos in the USA: seven properties in Las Vegas BLVD, six in Atlantic City, and other casinos in Lake Tahoe, New Orleans, and Tunica. Joining a rewards program that is accepted at lots of different casinos means you can play all over the country and still play into the same rewards program. Not all rewards programs work at multiple casinos, but if you find one that does and you gamble at lots of different casinos, jump on it. You’ll earn rewards faster by playing at different casinos around the country.
Joining comp point programs and VIP clubs at casinos is a must if you want to make the most of your bankroll. Remember that comps and rewards are meant to be a bonus and not the purpose of gambling, so if you ever feel like you’re gambling just to get a free dinner, take that as a sign to stop gambling, take a break, and come back in a different mindset. Comps are important tools for gamblers, but dropping even more of your bankroll trying to get to the next VIP level doesn’t make sense.
In the context of casinos, comps are complimentary items and services given out by casinos to encourage players to gamble.[1] The amount and quality of comps that a player is given usually depends on a combination of factors: what game(s) they play, how much they bet, and how long they play.
Best Casinos For Comps
Most casinos have casino hosts who are responsible for giving out free items and contacting players to bring them back to the casino. Pit bosses can also award comps at table games. Most casinos now urge players to obtain a player's club or similar card, so that their play can be tracked and comps awarded.[1]
Levels[edit]
The lowest level of comp available at most casinos is free alcohol and other beverages. Many casinos provide free drinks to anyone who is gambling.[1]
The second level of comp that many players earn is free self-parking, lounge access, or free meals. Many casinos have several players lounges and restaurants, and may require more play to earn a comp to higher-end restaurants. Often the player is given a certain amount to spend, but sometimes, particularly with high rollers, the player may be given the right to order as much food as they want and to bring guests.[citation needed]
What Are Comp Points On Online Casino Games
The next level of comps is usually free hotel rooms, free valet parking, and free access to more exclusive VIP or 'high roller' lounges. Many casinos have attached hotels, but those that do not may have the ability to comp rooms to a hotel nearby.[citation needed] Many casino hotels have higher quality rooms, such as suites, villas, presidential suites, and so on for bigger bettors or VIP guests. Many players who receive hotel rooms receive a package called 'RFB' (for 'room, food, and beverage') or 'RF' (for 'room and food') for smaller bettors, or in jurisdictions where casinos are not allowed to give free alcohol.[citation needed]
Many casinos also offer other comps, especially to high rollers. These may include airfare reimbursement, limo rides, tickets to shows, golf, free concierge services, cash back, money to show up in the casino, loss rebates, private gaming areas, and private jet service.[2]
Casinos also frequently offer players comps by mail or email, or in casino apps. These may be free bet offers, free meals, discounted or free rooms, or entries into tournaments or prize drawings.[3]
Oct 13, 2017 The minimum amount you can withdraw from your CaesarsCasino.com account is $10.00 via Caesars Card, PayPal, ACH (Electronic Check), or Neteller. There is no minimum amount when withdrawing via the Cage at Caesars Atlantic City. Other Provisions. Check withdrawals will be delivered via the United States Postal, Fedex, or another mail carrier of Company’s choosing. Sep 17, 2019 The minimum amount you can withdraw from your Caesars Casino & Sportsbook account is $10.00 via Caesars Card, PayPal, or ACH (Electronic Check). There is no minimum amount when withdrawing via the Cage at Caesars Atlantic City. Caesars casino online withdrawal minimum 2017.
Some casinos contract with bus companies to bring players in. Riders often enjoy free slot play, dining coupons, and other benefits, often worth as much as the bus fare itself.[4]
Calculation[edit]
Technically, every player may be offered comps, but most casinos require players to have played for a given period of time and play at a certain level, i.e., the duration of play and amount wagered are directly proportional to the level of expected comps. What games are played are also factors.[5] Casinos award comps based on a player's Average Daily Theoretical loss, also known as ADT, theoretical loss, or 'theo' for short. The theoretical loss is the amount of money a player is expected to lose based on the long run statistical advantage the casino has on the particular game being played.[6][7]
Theoretical loss algorithms differ somewhat among casinos,[8][9] but in general, the logic behind the calculation is as follows:
- Theoretical Loss = (Casino Advantage) × (Total Wager)[citation needed]
Hustling[edit]
Players known as 'comp counters', 'comp hustlers', or 'comp wizards'[10] attempt to maximize the amount of comps they receive while minimizing their expected gambling losses.[11][12] Comp hustlers play games with a low house advantage, such as blackjack or video poker, or games with small bet sizes, such as penny slots. Comp hustlers may use tactics such as placing large bets when a pit boss is checking their bet size to rate them for comps, and then moving to a smaller bet size when the boss is not watching. They may also take frequent breaks from playing, play at full tables to be dealt fewer hands per hour, and play more slowly.[11] Comp hustling is a type of advantage gambling if the player is able to hustle more in comps than their average cost of gambling.[13] And the author of 'How to Get a Dollar in Casino Comps for Every Dime You Lose Gambling', in their summary of key takeaways from Max Rubin's book, Comp City,[14] observes: 'The next step up from being a comp wizard is to become a comp counter. These players have specific knowledge and skills that enable them to combine a low house edge with comps in order to profit.' Another step up are practitioners of 'ACES (Advanced Comp Earning System). People practicing this kind of system earn a dollar's worth of comps for every dime they lose gambling.'[15]
Online[edit]
Online casinos, poker rooms, and sportsbooks offer a variety of bonuses that are similar to brick and mortar casino comps. Also similarly, comp hustlers and advantage players can use these bonuses to turn a profit via bonus hunting, or can convert these comps to a guaranteed profit using the technique of matched betting.
Many online casino operators are aware of the potential for losing money while giving out bonuses. As such, there is often a minimum wagering requirement for cashing out.
Some casinos will limit the payout in case of a win. Also, they may restrict players from playing certain games, often those games with a low house advantage. And, they may require players to bet the bonus amount multiple times before being able to cash out. For example, a casino may require a player to bet the bonus amount 50 times before being able to cash out. So, for a $100 bonus, a player would have to bet $5,000 before being able to cash out. Therefore, it is advantageous for players to check the wagering requirements of a bonus. [16]All bonuses have a turnover requirement. This means that placing a certain number of wagers, such as turnover 5x, means wagering 5 times the bonus. Most online casinos distinguish two types of bonuses: a no deposit bonus and a deposit bonus. First one does not require from a user to make a deposit at a casino in order to start playing. A deposit bonus requires from a user to make a deposit of certain amount of funds to start playing at the casino. Both of these type bonuses apply to terms and conditions of turnover requirements. [17]
References[edit]
- ^ abc'Keeping Customers Happy in Casinos'. ABCNews. November 1, 2007.
- ^'Cashback Casino Bonuses'. Best Online Casino Offers.
- ^Grochowski, John (17 June 2003). 'Comps - The Basics'. Casino City Times.
- ^Moro, Marianne (Leaf Group). 'Travel Tips: Atlantic City Casino Tours'. USA Today.
- ^'THE EXPERTS GUIDE TO COMPS'. www.smartgaming.com. Retrieved 2016-01-13.
- ^'CASINO COMPS & YOUR 'AVERAGE DAILY THEORETICAL''. N.E. Time Gambling. August 10, 2016.
- ^Coach Kitty. 'Gambling: Casino THEO: It's All About the Theo'. TravelZork.
- ^Scoblete, Frank. 'Getting the Most from Your Slot Play: Points, Bounceback, Mail Offers and Good Machines'. CasinoCenter.com. Retrieved October 30, 2018.
- ^Coach Kitty (April 19, 2017). 'Caesars Total Rewards Part 4: Generating Casino Offers (Marketing OFfers)'. TravelZork.
- ^Stevens, Michael (June 10, 2018). 'How Comps Work In Gambling (And How to Make Them Work for You)'. GamblingSites.org.
- ^ abRubin, Max (June 2001). Comp City. Huntington Press. ISBN978-0-929712-36-9.
- ^Scott, Jean (July 2005). The Frugal Gambler. Huntington Press. ISBN978-0-929712-40-6.
- ^'Comp Hustling'. Casinopedia. Retrieved October 27, 2018.
- ^Rubin, Max. Comp City.
- ^Rubin, Max. 'How to Get a Dollar in Casino Comps for Every Dime You Lose Gambling'. Gamblingsitesonline.org.
- ^'Casino bonuses'. Retrieved 2014-03-07.
- ^'No Deposit Bonus'. Retrieved 2019-05-24.