1. What is the Vegas Comps Formula?

The Vegas Comps formula estimates the value of casino comps (complimentary benefits) based on your gambling activity. It calculates your theoretical loss to the casino and applies the casino's comp rate to determine your expected rewards.

2. How Does the Calculator Work?

The calculator uses the comps formula:

Where:

• \( Average\ Bet \) — Your average bet amount in dollars
• \( Hours\ Played \) — Total time spent playing
• \( Hands\ per\ Hour \) — Game speed in hands/deals per hour
• \( House\ Edge \) — Casino's mathematical advantage (as decimal)
• \( Comp\ Rate \) — Casino's comp percentage (as decimal)

Explanation: The formula first calculates your expected loss (theoretical), then applies the casino's comp rate to determine your rewards.

3. Importance of Comp Calculation

Details: Understanding comp value helps players maximize benefits and evaluate whether casino rewards justify their gambling budget.

4. Using the Calculator

Tips: Enter your average bet size, hours played, game speed (typically 60-100 hands/hour for table games), house edge (e.g., 0.005 for blackjack), and casino comp rate (typically 0.1-0.4).

5. Frequently Asked Questions (FAQ)

Q1: What counts as a "hand" in casino games?
A: For table games, it's one complete round of play. For slots, it's one spin. Video poker counts each hand dealt.

Q2: How do I find the house edge for my game?
A: Standard values: Blackjack 0.5-2%, Roulette 5.26%, Craps 1.4%, Slots 2-15%. Check game-specific resources.

Q3: What's a typical comp rate?
A: Most casinos offer 10-40% of your theoretical loss as comps, depending on your player status.

Q4: Do all casinos calculate comps this way?
A: Most use similar formulas, but some may weight different games differently or include other factors.

Q5: Can I negotiate a better comp rate?
A: High rollers often can negotiate better rates, especially at premium properties.