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Estimated Comp Calculator

Discussion in 'Comps' started by Funkhouser, Feb 24, 2013.

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  1. Funkhouser

    Funkhouser In Charge of the Big Door

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    With all the discussion around comp value and player value, I found this old gem on
    the VT site. Its really just doing the agreed math floating around today on comps as a percentage of Theo, of course real world cases will vary. I still find the type of game played and level of EV are still a big driver in the real world comp return for myself.

    http://www.vegastripping.com/compcalculator/

    Using this against some of my previous trips where I had a room and FP on the front end, and write down on bill on the backend by my Casino Sales Executive, I find it pretty close to the mark.
     
  2. BeeeJay

    BeeeJay President of The Red Lobster Hostess Satisfaction

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    I knew I was getting screwed, this calculator is offering me a little more than MGM :evillaugh:

    Your comp is :

    RFBS for the rest of your trip and a phone call from Frankie Sands, a really nice suite and a smooch from Siegfried and/or Roy and/or Holly Madison.
     
  3. Funkhouser

    Funkhouser In Charge of the Big Door

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    One flaw in the calculator is it does not adjust for the extended cost for bio hazzard kit to
    defume the defiled bathrooms at the Bellagio from past trips. Thats why I think you are in negative ec and front end comps with MGM. See TR # 18 archive

    http://forumserver.twoplustwo.com/108/las-vegas-lifestyle/trip-report-18-beeejay-mounties-bring-vegas-its-knees-622133/
     
  4. Turtleman

    Turtleman VIP Whale

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    Thanks, that's a terrific little program. Of course, comps vary wildly depending on the property. For example, betting a certain amount at some places on the Strip will only get you a free drink, while making the same size bets for the same time downtown might get you the steakhouse!
     
  5. Gregsmt

    Gregsmt Low-Roller

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    So according to the calculator, you have a 4x house advantage with 2 deck bj vs. 6 deck. Is that correct? At the same bet you have to play 4x longer to get the same theo? Doesn't seem right to me.
     
  6. Funkhouser

    Funkhouser In Charge of the Big Door

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    Obviously this comp calculator does not factor in continuous shuffle, penetration, etc. But on average 2 deck vs 6 deck edge can swing towards the house as much as 1 to 1 1/8 percent hence probally the variance in play required.
     
  7. Gregsmt

    Gregsmt Low-Roller

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    So the 2 hand is mgm and 6 deck is harrahs 6/5. That would explain it. Not continuous shuffle
     
  8. CaptainJack

    CaptainJack Low-Roller

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    The thing is, with Chuck (VegasTripping's brilliant mastermind), comedy and entertainment value is just as important to the story. So this comp calculator is mostly good for entertainment value. Some flaws:
    - Casinos don't calculate theoretical loss at the exact house edge. For instance, for baccarat its widely known that 1% is standard. For BJ, it is usually 1.5% since most players can't play perfect basic strategy. Craps varies as some places rate odds, some don't. Roulette is at least straightforward since the house edge doesn't change based on the wager.
    - The craps info is WAY off. He's assuming each roll is a new wager, when in fact, most wagers are alive through multiple rolls.
    - It seems to indicate that $500 in theo loss per day is good enough for Room, Food, and Beverage. That's misleading. That would typically get you room and some incidental food charges.
     
  9. Gregsmt

    Gregsmt Low-Roller

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    I know captain. I noticed the craps number was wierd too. I just had to make some kind of a smartass comment. I just hope no one relies on that calculator for what really happens
     
  10. BeeeJay

    BeeeJay President of The Red Lobster Hostess Satisfaction

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    Hmmm that is a classic trip. I think I'm going to return to writing that style, much more cohesive story and better reading. That is the trip where we first met Alexanbo. Hadn't yet met Macker, only Gaggles. I guess Macker was still in high school. :evillaugh:poke::evillaugh
     
  11. C0usineddie

    C0usineddie VIP Whale

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    I qualify for a cocktail but i am happy with that.
     
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