+EV Craps through Comp Points?

[mmcd]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
One thing you may be missing is that table comps cannot be turned into cash like slot points can (with very very rare exceptions such as travel reimbursement or being a whale with a % of your losses returned).

[/ QUOTE ]

Comp points can be bought and sold among players at some casinos. I doubt casinos endorse this sort of thing as policy, but it can and does happen.

[/ QUOTE ]

I don't think you understand the difference between slot earned comps and table game comps. Yes I can get tickets to a show and resell them if that is what you mean but as far as dinner reservations and rooms it would be a logistical nightmare to even bother.

[/ QUOTE ]

I don't know if it's different at a lot of casinos, but at FW, if I sit down and play blackjack for a couple of hours, They'll give me $200 on my Wampum card. (I'm pretty sure with blackjack, they'll give you 1x your average bet per hour of play. The points I get can't be directly converted into cash, but they spend the same as cash at hotels/restaurants/stores/etc. within the casino. If I can sell these points to another player for cash at something like 65 cents on the dollar, that is how would make money at this. I guess it comes down to whether we could blend in with other players (obv. we'd have to play in a high-limit room with lots of money on the table), and whether the pit boss would just comp us according to whatever their typical formula is.

[playersare]

[ QUOTE ]
at FW, if I sit down and play blackjack for a couple of hours, They'll give me $200 on my Wampum card. (I'm pretty sure with blackjack, they'll give you 1x your average bet per hour of play.

[/ QUOTE ]
you're estimation is way off in my FW experience. they use the same formula as most any casino that rates table games, which is about 20% of your average bet per hour. if you flat bet 60 hands dealt per hour, you lose approximately 0.3 units at a house edge of 0.5%, so giving back 0.2 units in soft comp (points vs. "hard" cash) is the most they can feasibly offer in return. unless you can fool the floorperson or they make a clerical error when you color in, there is no way you are getting 1 full bet unit per hour in soft comp there, or any other casino.

flat bet comps in BJ and craps (passline/don't) are roughly the same, though you might get a little extra in dice for play the prop bets (with the proportional loss in actual EV).