Adt casino term

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 adt casino term 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, adt casino term. Our role as your Independent Casino Rep, is to get you the best comp available.

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.

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. Average Daily Theoretical, or ADT, is the average amount gamblers lose daily, usually expressed in absolute terms, such as dollars. Your Average Daily Theoretical is the amount a casino assumes your play is worth. A positive Theoretical is an assumed loss to the player. A casino assigns each game a theoretical house advantage. Your daily play establishes your ADT. Play your bankroll over fewer visits and see better mailers — spread out the same amount of money over more visits, less time each visit, and the offers decrease. Raising one or both preferably will raise your value to the casino, thus raising your worth. For example, some casino days start at AM, while others start at AM.

Riders often enjoy free slot play and dining coupons, often worth as much as the bus fare itself. At a high-level view, it breaks down to the following:. Many people will share stories that their host recommends playing for four hours to adt casino term their offers and chances for other things like back-end comps.

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.

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. The higher the casino hold on the games you play, the higher your theo is going to be and the more comps you are going to receive, but in essence, YOU are paying for those comps.

Adt casino term

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. Many people will share stories that their host recommends playing for four hours to maximize their offers and chances for other things like back-end comps. The reason for this is because of what we just noted — longer amounts of play will counteract any short term big wins or losses and bring you closer to the expected amount of the loss. As such, casinos tend to look unfavorably at hit and run play — they would prefer to see you stay for awhile, and will generally generate better offers for those that do.

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Average Daily Theoretical, or ADT, is the average amount gamblers lose daily, usually expressed in absolute terms, such as dollars. See also: Hustling. Your daily play establishes your ADT. A player is automatically coded if their play is high enough, and will be automatically de-coded if their play falls away. Make sure you know which day your play falls on, for example, AM. The computer system will typically look at how you have played over the last 30, 60, or 90 days. Read More. If the Player Development team can get these people back on property then that is called Reactivation. 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. Theoretical Theoretical is an average value that represents what the casino expects the player to play on a daily basis. I hit a bunch of big wins at an MGM in and , and they used to send me all kinds of offers, but not as big as the Horseshoe offers, and they have been shrinking a lot lately. How you can increase your theoretical The shortest answer to how you can help increase your theoretical score is to simply play longer, or at higher denominations. I expect my weekly free play to increase to the , as im betting 50 per spin at max, and at little Read Edit View history.

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.

Many people will share stories that their host recommends playing for four hours to maximize their offers and chances for other things like back-end comps. The computer system will typically look at how you have played over the last 30, 60, or 90 days. 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. Earned Benefit. 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. Read Edit View history. Do you strongly disagree with one of our definitions? This is also referred to as your Theo or Casino Theo. These are sometimes referred to as Dibbed players meaning a Host has dibs on them, or as Ghosted to describe the fact that the Host is quietly monitoring the player. See also: Hustling. You personally, might not ever get to a return of the statistically average Always weigh the options available to you.