Carcounter wrote: ↑Wed Sep 19, 2018 6:29 am
Start drinking alcohol Phil. Just kidding. I usually don't drink when I play VP, but on occasion will have a beer or two.
I drank enough in my younger days. My old stomach won't tolerate it anymore.
Comps are a great discussion on this forum. The experts rightly say they should added to the game's odds. 9/6 Jacks is a negative game by itself, add comps and you may have a profit opportunity. When I add up all my free play, free rooms and free food, it's a significant figure even playing at the quarter level. This helps offset the cost of playing negative games.
The problem comes at higher denominations. Let's take the Beau Rivage for example. The quarter Jacks or Better odds at the center bar is 8/5. The $5 odds for the same game in the high limit room are 7/5. You are penalized a little over 1% for playing $25 a hand. Even if the odds were the same, the coin in is much higher increasing your losses substantially. What could they possibly give me in Biloxi that could make up the difference? They could give me an end suite with a nicer view. Would I sleep any better? If they waved the 3% Mississippi State tax, the games are still a huge loser.
Comps only have value if they have value to you. Unless you can sell them for cash or trade them for something you want, they are worthless.
Obviously, no one who is concerned with profit and loss would play games like that. Players who play for entertainment do it all the time. I go to Biloxi knowing the games cost money to play. I know in advance what the casino is willing to give me. The balancing act is knowing how much play is good enough for the casino to invite me back. So far, playing low volatility games 5 quarters at a time works for both of us.