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Blackjack Theo question

Discussion in 'Comps' started by KnotGillty, Feb 4, 2015.

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  1. KnotGillty

    KnotGillty Low-Roller

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    So in reading another thread I came across the following for table games:

    "Theo = (amount put at risk) * (house advantage)

    (Amount put at risk (table) = (Average bet) * (Decisions per hour) * (hours played)"

    That all makes sense except I do not know what the casino considers 'Decisions per hour' for blackjack? Is this a hard and fast number, or does it depend on how many people are playing at the table? I was thinking 60 hands per hour might make sense, but I'm not sure.

    Anyone have any feedback?
     
  2. shifter

    shifter Degenerate Gambler

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    They have an option on the rating sheet to check slow, reg or fast speed. That changes the hands per hour they use.
     
  3. KnotGillty

    KnotGillty Low-Roller

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    So maybe 30 for a full table (slow), 60 for 3 people at a table(reg), and 90 for solo play (fast)? Does that sound about right?
     
  4. shifter

    shifter Degenerate Gambler

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    No I don't think it changes near that much. You really get screwed on the rating when you play solo.
     
  5. KnotGillty

    KnotGillty Low-Roller

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    Thanks for the info Shifter.

    1) I also recently heard that as a rule of thumb, your average bet per hand at BJ over the course of every 4 hours is equal to your comp amount. So if I had $100 per hand average for 16 hours of play, my comps should be close to $400 ($100 X four 4 hour sessions).

    2) But if I assume 60 hands of play per hour using the theo method in post#1 at the top of the page, I get AVG Bet (100) X hands per hour(60) X hours played (16) X house advantage (1.5%) = Theo. In other words 100 X 60 X 16 X 1.5% = 1440 Theo. I've heard 30% of theo is comps. 30% of 1440 is $432 in comps. That is pretty close to the $400 comp calculation in example 1.

    Sorry if I'm geeking out here. I'm just trying to find how much in comps I'm leaving on the table each trip. I think I had $150 in food charged to the room on my most recent trip with about 16 hours of play at $175 per hand. I'm now thinking I should have charged much more to the room. Live & learn....
     
  6. shifter

    shifter Degenerate Gambler

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    Yep that's a pretty good way to estimate.
     
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