• First two points are same as for a vacationer above.
  • Don't worry about daily averages. When you're playing for a month or more it's your total action that matters.
  • Find out what papers run the casino specials and promotions and become aware of them all. Get on casino's email lists so they'll tell you. Seek out casinos that are offering promotions where you have an advantage.
  • Be aware of any 'tier' systems that reward you for reaching particular levels of play. These often have names like Gold, Platinum, Diamond, etc. If achieving the next tier has enough value for you give all your play to that one casino until you reach the level you desire, then it's OK to move around some.
  • Ask the casino a few days before you leave how close you are to the next tier. You may be only a few hundred points off, but if you wait a year you may have to start over.
Here's a more detailed explanation of how casinos figure comps.
Warning: This may put some of you to sleep. We're going to do math..
  • You're playing green chips ($25 a bet) and you've been at the blackjack table about 4 hours. If you're in downtown Las Vegas (except maybe the Golden Nugget) you can easily ask for some buffets, or probably a nice restaurant comp with a limit on spending. If you're on the strip at Bellagio, Wynn, City Center, etc. you probably qualify for another cocktail.
  • Next time, you're playing black chips ($100 a bet). Now you can probably get an open comp for two at a gourmet downtown restaurant. At the Bellagio, Wynn, Mirage, etc. you'll get a couple of buffets (and they're really good buffets!) Some strip properties are trying harder during the bad economy and you might get more.

Getting to know Theo

Who is Theo, and why should you get to know him? Theo stands for 'Theoretical Loss'. (Note, this is the 'technical stuff' folks, so fair warning).
Theo is the dollar amount you are expected to lose playing a particular game, at a particular rate, for a specific time. The formula is Vig x Your Average Bet x Hands Per Hour x Hours Played. It is used to compute how much you can receive in casino comps.
Let's say you're playing a game with a 1.5% average casino vig. The actual Vig (house advantage) with expert play may be 1%, but they usually do these figures based on the average, so if you have some skill you come out ahead! Now lets say you play at the level of $25 a hand, and play 40 hands per hour. That's .015 x 25 x 40 = $15.00. Now let's say you play for 4 hours. Statistically, your loss should be $60 for that four hours of play. That's your Theo.
Casinos have a standard for what percentage of your Theo you can be comped. Sometimes the pit boss has discretion, and will take into consideration a really bad losing session. Comping at 40% of Theo is typical. So in the example above you now have about $24 in 'compability'. You ask for a couple of $15 buffets, and the pit boss throws you a bone and writes you the comp for $30.

But let's dissect this comp, what's it really worth?

Most of the comps you receive will be what are known as 'soft comps'. The casino didn't spend $30 cash to give you those two $15 buffet tickets. It may have only cost the casino $4 to serve your meals. To YOU, it's still worth $30 (unless you'd prefer to eat a cold ham sandwich in your room). The same principal goes for those $8 mixed drinks you got for free, and that $150 a night room.
'Hard comps' are a completely different thing. Most of the time you need to be a high roller to get them. Let's say you're playing at the Rio, and you tell the host you'd really love tickets to see Zumanity (the Cirque Du Soleil show at NYNY). Those tickets are 'hard comps' because the Rio has to pay hard cash for them. So unless you're a real high roller forget it.

How To Get Casino Rooms Comped

What should you remember from all this?
If nothing else remember this; 'Ask for comps'. Be aware of what you can get from the casino to offset your losses (or add to your winnings!)
Resources on the web

Best Casinos For Comps

Places I've found for researching casino comp systems and asking questions about specific casinos:
  • The Frugal Gambler, More Frugal Gambling books by Jean Scott http://queenofcomps.com
  • Casino Comps Yahoo! Group (Free) http://groups.yahoo.com/group/casino_comps/
  • Las Vegas Advisor ($39/yr, but with an excellent coupon book) www.lasvegasadvisor.com
  • Midwest Gaming and Travelwww.midwestgamingandtravel.com

How Casino Comps Work