but at most it seems to be about 40% of theoretical win on total action...so in your example $100 avg x 5 hours would (using casino avg of 60h/hr) would be $30K of total action x .40 x edge (1.5%) = $180.
Note, house EP (theoretical) is usually greater than the actual BSE (basic strategy expectation) because players are generally bad enough for the effective edge at the game to be between 1 & 2%.
Based on the assumptions of 60 hands per hour, 2% house advantage and 40% of estimated loss paid in comps, the result is 48% of average bet per hour. The example shows how a $100 average bet yields $48 in comps.
Also, if you follow Mr. Cant's advice and do a google.com search, you will most likely find many websites providing the same information. I did so, but I leave it up to you to find out for yourself. Search for "casino comp calculation".
This is an unpaid, unshilled, endorsement of Comp City. It is an indispensable reference for anyone interested in playing for comps.
There seem to be casinos that still use the 1-2% edge, 40% rule that Wally gives from Max's book, but a lot don't. In fact, probably most are trimming their bj edge estimates to closer to half percent. Rio and Harrah's, for example, are particularly stingy, using a half percent edge for all BJ players, no matter how bad, and 10% of the house's ev based on this half percent edge. Tropicana and Mandalay Bay group casinos are cheap too--same formula as Harrah's. PPE and MGM/Mirage properties are the most generous and probably closest to Max's formula, especially with their highest-end players. Venetian is good on the high end too.
I ask because that was 10 years ago at Blackhawk. And believe that 2% posted here was too high. Really looking for definitive answer as
I believe it is closer to 00.4 to 00.5 percent. Not concerned about
hands per hour or other multipliers, just hoyse edge. Have patent pending for a side bet that is not and trying to calcuate actual house edge used by LV casino's for BJ table games. But no offense taken, valid question