Adt casino term

Our agency and the casinos we work with analyze a few different key values adt casino term determine and understand how players will play. Theoretical is an average value that represents what the casino expects the player to play on a daily basis.

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

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. There will typically be players coded to each Host.

Theoretical is important to understand as a Player. After a trip is completed, our agency is able to look at your play for the previous trip, adt casino term, and going forward, able to send you offers based off your previous play.

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.

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.

Adt casino term

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.

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Casinos award comps based on a player's average daily theoretical loss known as ADT, theoretical loss, or "theo". Discover more from NETimeGambling. Jacks or Better JoB with the pay table of 9 to 1 for a full house and 6 to 1 for a flush has a long-term theoretical payout of Online casinos know of the potential for losing money while giving out bonuses and have minimum wagering requirements as a result. If you want a lively discussion in your next team meeting then initiate this debate about who is most profitable? Your daily play establishes your ADT. What is Average Daily Theoretical? Necessary cookies are absolutely essential for the website to function properly. Comp City. 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. Cruise Trips. 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.

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.

Your Total Coin-In The amount you bet is important to many casinos, particularly when it comes to slots. Complimentary items and services from casinos. Online casinos know of the potential for losing money while giving out bonuses and have minimum wagering requirements as a result. The theo average daily theoretical is used to gauge just the right amount of comps, and no more, to get you to keep playing, so they can continue to earn their house edge. Non-necessary Non-necessary. ADT is an average value. At a very high level view, playing more, at a higher rate, on riskier machines, will generate a higher Theo than playing a little bit here and there, on table games that are less predictable than a slot machine. Often the player is given a certain amount to spend, but sometimes high rollers might get to order as much food as they want and bring guests. Share in the comments! ISBN Your Average Daily Theoretical is the amount a casino assumes your play is worth. Your average, your ADT, is This long-term expected loss per bet is the take or hold of the casino and guarantees the casino a profit. Granted, this is very simplified. Previous Next.