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Table Games CET Blackjack tier credit rate

Discussion in 'Table Games' started by vegasdg, Feb 9, 2017.

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  1. vegasdg

    vegasdg Tourist

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    I recently got back from a trip to Vegas. I typically play MGM properties but I did spend about 4 hours one day playing blackjack at PH and Caesar's. I earned about 450 tier credits over the 4 hours but have only found very general numbers to back out how I might have been rated by the pit to earn those 450 credits. Does anyone have a good general formula? I only played 3:2 games and bet between $25 and $400. I would guess my average bet was around $100-$125. Thanks! I'm sure this has been asked before but can't find anything on old threads!
     
  2. tringlomane

    tringlomane STP Addicted Beer Snob

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    There have been some posts in the past that have said Theo in dollars roughly equals TC/2 which makes sense because slots have roughly a 10% house edge and a TC on slots is $5 a TC.

    So if we consider that and the generic formula to generate theo for any table game.

    Theo = Avg wager x wagers/hr × hours played x house advantage

    The problem is we don't know exactly the hands per hour or the HA they use. For comp purposes they don't always assume optimal play for the HA either.

    Also they'll measure by the minute, so if "about 4 hours" is really like 3:38 (3.633 hours), it will throw things off a bit too.

    Because the only two things that are really variable here is your average bet and time played. The value of wagers/hr x house advantage will probably stay the same for all H17 shoes with the same rules.

    Given your data, I think a good value for wagers/hr x house advantage is 0.5.

    So if your avg. bet is $112.5...

    $112.5 x 4 hours x 0.5 = $225 theo

    And theo in dollars x 2 = 450 TCs

    Or in a more simple way, at least at 3:2 H17 blackjack, your average bet will roughly earn you that many TCs per hour of play. This "rule of thumb" seems reasonable to me, but I've never played BJ enough at CET to personally verify this.

    Maybe some other members have more real data to back this up.
     
    • Informative Informative x 1
  3. worldtraveler

    worldtraveler Tourist

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    With CET, my experience in craps has been approx 8 TC per $5 wagered per hour.
     
  4. zoobrew

    zoobrew High-Roller

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    I would expect with a BJ betting range of $25 to $400, you were most likely rated closer to the $25/hr rate.
     
  5. The Rumor

    The Rumor VIP Whale

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    It would not shock me if the hands/hour is estimated based upon the number of players at the table
     
  6. grosx2

    grosx2 Have fun storming the castle!

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    It would shock me, as that would make entirely too much sense.
     
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