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.
The list of free shows for Diamond and Seven Stars players in Las Vegas has been updated. X Rocks at the Rio is no longer on the list. The Paul Zerdin show at Planet Hollywood has closed. Otherwise, the list has remained fairly consistent.
You can see the full list on my Total Rewards Free Shows page.
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
The Palms is running a great promotion right now. Rooms as low as $39/night + Free Premium Room Upgrade + 2 Free Tickets to Ghostbar. Click here for the offer. This is good for stays through the end of 2016, but the reservation must be booked by September 30.
If you aren’t familiar with The Palms, you can read my review of it here.