Adt casino term

If you are new to Player Development, then here are some of the words that you will hear being used:.

Our agency and the casinos we work with analyze a few different key values to determine and understand how players will play. Theoretical is an average value that represents what the casino expects the player to play on a daily basis. After a trip is completed, our agency is able to look at your play for the previous trip, and going forward, able to send you offers based off your previous play. Our role as your Independent Casino Rep, is to get you the best comp available. Theoretical is important to understand as a Player. Theoretical is important for casinos to accurately track because it helps them keep your comps at an appropriate level.

Adt casino term

Comps are complimentary items and services given out by casinos to encourage players to gamble. Most casinos have casino hosts responsible for awarding comps and contacting players to bring them back to the casino. Pit bosses can also award comps at table games. Despite the strategic importance of the comps in the casinos' structure, there is no separate profession for it, in different gambling houses, different specialists may be responsible for it. The lowest level of comp is free alcohol. Many casinos provide free drinks to anyone gambling. The second level of comp is free self-parking, lounge access, or free meals. Many casinos have several players' lounges and restaurants and might require more play to earn a comp to higher-end restaurants. Often the player is given a certain amount to spend, but sometimes high rollers might get to order as much food as they want and bring guests. The next level of comps is free lodging, free valet parking, and free access to more exclusive high roller lounges. Many casinos have attached hotels, but those that do not can sometimes comp rooms to a hotel nearby.

After I wrote this piece I wrote one specifically about the distance element, found here:. Theoretically, the casino only makes 0. Many people think the size of the their bankroll, or what they lose, adt casino term, matters, and as noted above some casinos care about that.

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. This long-term expected loss per bet is the take or hold of the casino and guarantees the casino a profit. 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. 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! Comps are not a reward for your loyalty; they are a casino business expense. The casino will give you a portion of your theoretical loss back to you in comps.

So what does Theo actually mean and why do casinos care so much about it? Easy enough so far right? Theo is simply a projection of your potential worth in the long run. Theo math varies based on average bet size, play speed, and the inherent house edge for each game. Here are some estimates for common options:. As you can see, games with higher bets, faster play, and bigger house edges produce larger Theo wins for casinos. This drives how they market to and reward players. But your real wins will fluctuate randomly above and below that figure based on luck. Actual gambling outcomes follow a probabilistic distribution centered around the expected Theo value. As you can see, actuals swing above and below Theo daily but even out over time.

Adt casino term

It essentially means what the casino should have theoretically won based on how much a player has gambled. The equation is average bet Xs the house advantage of the specific casino game being player Xs the time played or hands dealt. This is a number that casinos use to value your daily play and most of your land-based offers from casinos are based on that. This is a number that casinos use to value your total trip play and most of your cruise casino offers are based on that. The casinos will sometimes use "actual" value instead of "theoretical" for offers in this situation. No worries! Home Blog Details How are casino offers determined? What is ADT? Blog Post. So players may win big or lose big but that will not affect their Theoretical value.

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This is could be because, on average, they play may play 1 hour per day. Theoretical is important to understand as a Player. The basic comp rate on video poker at the Borgata is 0. A player that is not coded to a Host but is playing often enough, and with enough Theo, to be coded to a Host in the future. In the short term, a lot of different scenarios are possible. Traditionally, a Casino Host has been able to give a player a Comp short for Complimentary for food, drinks, hotel, spa, and even for free play. Note: Updated July by the TravelZork editorial staff. Like this: Like Loading Know Your Slots will reflect my interests in understanding the various ways you can play slots, travel, casino promotions and how you can get the most out of your casino visits. These offers often come with terms and conditions for rollover and wagering requirements. Type your email….

If you are new to Player Development, then here are some of the words that you will hear being used:. The casino uses this Theo number to decide what to send you as free offers.

Type your email…. Contents move to sidebar hide. If the casino does let the Casino Host issue comps, then there will be strict guidelines on what can and cannot be given. At a high-level view, it breaks down to the following:. Under compensating players hurts the player directly in what they receive from the casino. Let us know! For example, slots will generate a higher Theo than table games Think about what you value most from your play. Riders often enjoy free slot play and dining coupons, often worth as much as the bus fare itself. Subscribe Subscribed. Casinos award comps based on a player's average daily theoretical loss known as ADT, theoretical loss, or "theo". Connecticut Casinos Toggle child menu Expand. Granted, this is very simplified. Upside Down. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.