Adt casino term

Your theoretical loss to the casino adt casino term 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, adt casino term. 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.

But for those who want to understand the various ways casinos examine us as players, this post is for you. Before we get into specific calculations, one thing casinos will do is take a look at all trips within a certain window of time for example, a year and come up with an average. The more often you visit, the more trips they have to work with. Some casinos are more sophisticated, and use a weighted system, factoring in age of visits to put more emphasis on recent play — if your spending has been rising, your offers may reflect that recent history and give you a more favorable one than a straight average would dictate, in the hopes you might continue to spend above the average. The amount you bet is important to many casinos, particularly when it comes to slots. Linked to coin in is your average bet size. Many people think the size of the their bankroll, or what they lose, matters, and as noted above some casinos care about that.

Adt casino term

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. The computer system will typically look at how you have played over the last 30, 60, or 90 days. Your ADT is the total Theo for all of your trips, divided by the number of days you played, to get your average. Your average, your ADT, is ADT is very important to the Player Development team because it is an easy way to see how important the guest is; and if the ADT goes way up, or way down, over a few months, then the Host can see that there is something happening with that player, be it good or bad for the Casino. 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. But, as more and more casinos have opened across the United States, there is so much competition that it is harder for each casino to make a lot of money; so they have often cut back on Comps. If the casino does let the Casino Host issue comps, then there will be strict guidelines on what can and cannot be given. These rules are sometimes called a Comp Matrix. A player that is coded to a Host in the Player Tracking System or a spreadsheet.

Online casinos know of the potential for losing money while giving out bonuses and have minimum wagering requirements as a result. Comp hustlers use tactics such as placing large bets when a pit boss is checking liddolpet bet size to rate them for comps and then moving to a smaller bet size adt casino term the boss is not watching, adt casino term.

Maximizing the value and benefits you receive from casinos is important. Ever wonder how the casino you visit decides what comps to give you? When I first started gambling, my bankroll was small, and I played often. I thought that if I went to the local casino and played a little more often, the casino would see me as a loyal customer and raise the quality of my comps, such as free play. After all, — they have me for life if they played their cards right. My thoughts about how casino rewards players with comps were wrong. Further research led me to understand the Average Daily Theoretical.

We created this list years ago as a way to assist vendors hoping to work with casino clients, but it can also be useful to new or potential casino marketers. While there are many casino terms, the following list represents those heard and used on a daily basis for casino marketers around the US. Active — Cardholders that have played within a particular time frame as determined by the individual casino. ADT — Often used to determine offers by many operators, this takes the player theoretical or how much the casino is expected to win as an average over a period of time. This particular measurement us a snapshot of our expected win on a given day. Using this term with guests can be a bit of a service challenge when explaining things because the guest sees the price he or she paid simply as what he or she won or lost on THIS trip. Actual — This means exactly what you think it is.

Adt casino term

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. The computer system will typically look at how you have played over the last 30, 60, or 90 days. Your ADT is the total Theo for all of your trips, divided by the number of days you played, to get your average. Your average, your ADT, is ADT is very important to the Player Development team because it is an easy way to see how important the guest is; and if the ADT goes way up, or way down, over a few months, then the Host can see that there is something happening with that player, be it good or bad for the Casino. 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. But, as more and more casinos have opened across the United States, there is so much competition that it is harder for each casino to make a lot of money; so they have often cut back on Comps. If the casino does let the Casino Host issue comps, then there will be strict guidelines on what can and cannot be given. These rules are sometimes called a Comp Matrix.

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Some casinos are more sophisticated, and use a weighted system, factoring in age of visits to put more emphasis on recent play — if your spending has been rising, your offers may reflect that recent history and give you a more favorable one than a straight average would dictate, in the hopes you might continue to spend above the average. The next level of comps is free lodging, free valet parking, and free access to more exclusive high roller lounges. Airfare Reimbursement Program. I thought that if I went to the local casino and played a little more often, the casino would see me as a loyal customer and raise the quality of my comps, such as free play. View all posts. After all, — they have me for life if they played their cards right. Theoretical is important to understand as a Player. ADT is your average daily theoretical. What is Average Daily Theoretical? But, as more and more casinos have opened across the United States, there is so much competition that it is harder for each casino to make a lot of money; so they have often cut back on Comps.

So what does Theo actually mean and why do casinos care so much about it?

If you are new to Player Development, then here are some of the words that you will hear being used: Actual. Granted, this is very simplified. 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. The casino tries to gauge how much money you are willing to risk, by assigning you a theo. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Some casinos contract with bus companies to bring players. Toggle Menu Close. Advertisement - Privacy and Cookie Policy Disclosure. Sign up for the Mailing List. I have had a few hot streaks, 16k win a few weeks ago, take home was 16k, the entire night i hit 31k on handpays, another was in, 13k in handpays, left with A player that signed up within the last few days and has played with a high enough Theo to suggest they could be valuable in the future. Log in now. This is also referred to as your Theo or Casino Theo. I do not really accept the gift, if it is clothing, as it is usually 3 times per month, so 1 gift per month.