Comps are not a reward for your loyalty they are a casino business expense. Theo shows the casino which players make the bets that give the casino more profit and those are the players they invest in with comps! As I’ve stated in previous articles, comps are a money-making tool that the casino uses to encourage more and bigger wagers. House advantage is higher on some games than others (the games furthest away from a 100% payback, like slot machines) and casinos want to lure players who play those games, back to the casino. The return to player or payback percentage can be close to 100%, but the odds are always in the casino’s favor. The casino has a positive expected value (EV) on every wager that is made, and the player has a negative EV for every wager they make. This long-term expected loss per bet is the take or hold of the casino and guarantees the casino a profit.
It’s not a theoretical win because every game that the casino offers have a house advantage and the payoff for a bet is always less than the odds of winning that bet. Your theoretical loss to the casino (your casino theo or average daily theoretical – ADT) is the way the casino calculates what you are worth to them. Image Source: GETTY IMAGES | Casino THEO and Average Daily Theoretical – ADT The Casino THEO and Average Daily Theoretical – ADT
