Fellas, your my last chance to get a good answer to a simple question ? Does anybody know ant actual comp formula used by an AC or LV casino for Blackjack. I always thoughts it was Average Bet X
Hands per Hour X Hours Played X House Edge X Comp Rate.
I have $5 X 70 X 9 X .005 X .40 here in Blackhawk Colorado. This seems on the money assuming casino operations are stand alone and pit pays full player price for buffet.
But on line I usually see .02 used for average house edge at blackjack ?? Today I read Mike Pilarski of Detroit news column and he based comp on blackjack hold. $10 X 6 hrs. X 100 hands X .05 = $300 in his example which did not state comp rate. But a 40% rebate rate would net the player a $120 value comp !!! The hold rate of %5 in no way reflect a 6 deck shoe house edge of .0043. So I ask once again.
Does anyone have an actual comp rate for BJ used by a major casino.?
Last time I was directed to Startdust hotel comp rate for a room. Does same play gets you a room at Bellagio LOL If you have one reply here or email thegrandfatherinc@hotmail.com
THANKS