How can casino tell your slot losses?

This may be a question you think at first is dumb, but I seriously don't understand.

I'm trying to wrap my head around some promotions that offer a rebate in casino play up to a certain amount of losses.

Is it as simple as when you use your card, they know exactly if you lose/win each session?

So say I put in $100, I play that out and I lose $50. I move to another machine with that $50 I "won" and lose that. Is that what they consider losing $100?

Now, if the casino is keeping track of my play, it's that considered $150 worth of play for ratings purposes? I'm just trying to use simple numbers.

So if I'm following things right, if I win $200 on a machine off that original $100, the spins where I didn't win anything are not considered losses, correct?

Thank you.

 

They track your cash in and out across every machine you play.

The difference is your win or loss.

In order to get the loss rebate you actually have to lose the money.

E.g. you walk out of there with that much less money than you started with.

For ratings purposes they track every time you press the button. All of that added up is your coin in.

 

As shifter said, yes, they track the result of every spin when your card is inserted. To be eligible for the rebate, you must physically lose your money in the end.

For example, let's say if you lost $100, you'd be eligible for a rebate. But you win $300 on the first machine you played and then lost $100 on the next machine. You're still up $200 for the day in that case. Therefore, you would need to lose $300 more if you wanted to qualify for that $100 loss rebate.

In that scenario, I'd be tempted to quit and walk away up the initial $300 and ignore the rebate offer.

 

To help wrap your head around this, try this.

The casino has a tracker in your pocket. It can see how much money you start with, and how much is left in your pocket at any given time, including any balance on your TITO.

If you walk into the casino with $400 in your pocket, and after an hour you have $300 in your pocket, they know you lost $100.

Of course, they do not look in your pocket, but they track every single play on the slot. EVERY play. Easy stuff for a computer.

 

DUPE

 

If you win a lot, cash it out, go get cash at the cashier or ticket vending machine and then play with it. By using the same voucher, casino will think that you only lost $100. By cashing it in, they will think you brought and lost more. Like if you bring $100 and won $300 on that voucher, cash it in and use another $100. Whatever the ticket originally starts at, that I assume is what they go by for rebate unless you cash it in and start a new voucher. I see people cash out all the time after they win something good and put a new bill in.

 

No, they track based on your players' card, which will show what you actually won and lost, regardless of how many times you cash in and out. So in your scenario, if you buy in for $100, win $300, cash out a $400 voucher, then put back in another $100, and lose that $100, they'll show you having a net win of $300. The reason people cash out after a big win and then start with a new bill is mostly for psychological purposes -- they're pocketing their win and then putting a smaller amount back in, with the plan usually being that if they lose that, they'll still have won money.

 

For comp purposes the casino is looking at coin-in. Which is simply the number of spins X amount bet. The most simple example would be your are playing $1 a spin, each time you spin the casino counts that as $1 coin-in. Over an hour lets say you did 500 spins, you'd have $500 coin-in. The computer track this so if you're on a penny machine and you bounce around amount bet, it keeps track and just adds the amount bet to your coin-in total. Time is not a factor. Only spins and amount bet. The casinos will assign some level of theoretical hold to a machine. Say 10%. If you do 500 spins at $1 each, they will expected to win $50 over the long term. Of course you may lose a lot more than $50 in 500 spins or you may win a lot of money but in the long run of millions of spins it works out. They would then take that $50 number and figure out from there your comps.

 

Agree with 44inarow. I print out my 'big' ticket and put in a new bill - a) psychological boost, b) save the ticket to play later or go to room a winner, c) show my better half I'm not a total loser The players card does all the magic of win/loss tracking.

 

Totally wrong. Fools game.

They track what you bet. All the little wins and cashouts along the way mean nothing. It is all what you BET.

Yes, I see people cash out even $20 wins and run to change to cash. It is really a fools game. Does anyone really thing they are THAT stupid?

 

Thank you all for your replies. I feel like I was on the right path!

 

I will add that there is a subset of people that bring a set number of $20's to the casino. They will play a set number of spins and then cash out. They do this for each $20 they brought. After the last $20 is played, they take all their TITOs to the machine and cash them in. I will sometimes do this with free play, in $20 increments on a $1 Blazing 7's machine.

 

How come I get a lot of free play at the casinos if this is what I do when I win from my free play and I win from free play a lot without bringing much cash with me to majority of my trips? Do they go by how many points you have earned? This is why I thought doing it the way I explained is the reason why I have gotten a lot of free play per week in the mail at my locals. When I go to Vegas, I do not bring a lot, but I play a lot with consistent wins that I last longer playing with bringing my points up and I always use my card. I have free room offers to the california, golden nugget, still free room offers to total reward hotels, and also to eastside cannery where my family and I stayed at a few times still giving me offers along with a little bit of free play too.

 

Honestly the casino doesn't care how much you win or lose on the slots. You can put $100.00 in a $1.00 slot and max bet $5.00 per spin 20 times and win nothing. You will only get 20 points and be rated low. You can put $100.00 in a penny slot and play up and down for hours and actually win $100 in the end. But with all of that "action" (Coin In) you'd earn 200 points and get much bigger offers.

So the 1st example saw you giving the casino $100 and not getting squat in free play or comps. While the 2nd example saw you winning double your starting cash and getting decent offers. Its all a matter of how much you can play through the machines.

 

For the OP. I have posted this "trick" before in other threads about these "lose" promo's. I think this is still true since I saw it work at the Tropicana awhile ago. Find some of the older mechanical slots by IGT. The ones where you decide on the bonus game. Like Top Dollar where you accept or decline the offers. Or King of Cash where you spin around the bonus board and decide if you want to take what you won or try again.

Get the bonus and pull out your card. Keep your bonus win money and the system wont record it.

 

It's all about how many times you pressed that SPIN button. Points are typically tied to the coin-in with some ratio like 1pt per $10. The more coin-in the more valuable you are to the casino. If both of us go to the casino with $100. I play my $100 in a $100 per credit machine. I get one spin and let's say I lose that one spin. You put your $100 into a machine with a $1 min bet. By the time you lose your buy-in you will have likely done more than 100 spins. You will be more valuable to the casino because your coin-in would be higher than mine. We've both lost $100 but you're more valuable to the casino and would get better mailers.

 

Which casino offers you a rebate on your slot losses ?!?! And how do you claim it ?? This is literally the first time I've ever heard of this.

 

http://www.troplv.com/pdf/even-the-odds.pdf

 

Cool. Any others ??

 

I believe new Plaza members.