Table Game Comp Rate Article

John Grochowski has written a great article on  comp  rates vs expected loss for blackjack, craps and roulette in Gaming and Destinations magazine. I highly recommend reading it.

Here is a brief snippet:

“Blackjack …[$10 wager per hand …  60 hands per hour].  … If the house assumed a 2 percent edge, then it would estimate your theoretical loss at $12. … At a 10 percent comp rate, a casino assuming a 2 percent edge sees an hour of your play as worth $1.20 in comps. If the assumption is a 1 percent edge, an hour’s comps for a $10 player come to only 60 cents.”

Please use the link below to read the full article which goes into further details about our expected loss, what the casino calculates as your theoretical loss, and what comps that may yield.
http://www.gaminganddestinations.com/casino-comps-knowing-the-numbers/

Harrah’s Overview

I consider Harrah’s to be a reliable hotel with a good North-Strip location, giving easy access to The Mirage, Caesars Palace and The Linq. Thanks to the Monorail stop, it also allows for easy access to the Las Vegas Convention Center and  MGM Grand Garden Arena, too.

It was built in 1973 as the Holiday Casino and became Harrah’s in 1992.  Harrah’s has made some changes over the past years. One  of the more notable changes are replacing the cafe with the Fulton Street Food Hall – effectively a nicer food court area (they call it a “chef-driven marketplace”) with fresh salads, sushi, pizza, tacos, sandwiches and a coffee and pastry bar. Another is remodeling many of the Carnaval Tower Rooms and renaming them  Valley Tower Rooms. The remodeled rooms run about $20 more per night than the regular Carnaval Tower rooms. Continue reading Harrah’s Overview