For
instance, suppose that you sat down at a blackjack
table with $500
and proceeded to play 100 hands an hour over,
say, three hours, betting
$20 on each hand. Now multiply 100 hands, times
three hours, by $20,
and it totals $6,000. This would be the amount
of money you "put in
action," even though your actual bankroll
was just $500.
This
is but one criterion a casino would use to assess
your rating and
eligibility for comps. The joints I worked in
had sort of the same
formula to figure out what you're worth. To get
your goodies from us,
we also wanted you to bet a decent chunk of change
for a calculated
stretch of time, but we based your RFB's merit
(Room, food and
beverage) on what you were probably going to lose.
We
considered your average bet, how many hours you
were possibly going
to play, speed of the game, and the casino advantage.
This, in theory,
computes essentially your expected loss to us
over a certain period.
.
Again, suppose you are betting $20 a hand for
three hours, averaging
100 hands per hour, coupled with a house advantage
of five percent the
casino holds over the average blackjack player,
we could predict in
advance that you should lose $300 ($20 X 3 hrs.
X 100 hands X .05 =
$300) of the $6,000 wagered, or as she said, "put
in action," over that
time period. That free trip to the chow line was
really going to cost
you $300.
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