{"id":4136,"date":"2016-08-22T19:03:20","date_gmt":"2016-08-23T02:03:20","guid":{"rendered":"http:\/\/www.gamblingwithanedge.com\/?p=4136"},"modified":"2017-03-22T12:43:56","modified_gmt":"2017-03-22T19:43:56","slug":"expanding-your-ev","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/expanding-your-ev\/","title":{"rendered":"Expanding Your EV"},"content":{"rendered":"

Even the novice advantage player is familiar with the concept of EV. For the player unfamiliar with the jargon; EV stands for expected value<\/a>. It is the set of equations that gives a player a way to determine what amount of money they expect to win by engaging in a particular advantage play. And more importantly it provides a way to determine if the results that are yielded, good or bad, are a result of luck or skill. Players have a tendency to limit their wins to the monetary gain they garnish while playing. The purpose of this discussion is to make players aware of additional gains they can include in their calculations to more accurately represent their overall win.<\/p>\n

Perhaps the greatest value that a player can overlook is that of comps. Comps are incentives that casinos give out to lure gamblers into choosing their casino over all others. A player can expect comps to be a little looser in towns that have multiple properties in a relatively close proximity \u2013 Las Vegas and Atlantic City immediately come to mind.<\/p>\n

Any player playing table games at a decent level of play (around $50 a hand) can expect a pretty steady stream of offers for free rooms from any major property. This is true if and only if the player has an out of town address. An in-town (local) player will be offered free food and other \u201cprizes\u201d to play at a locals casino. There is a cleaver trick that an in-town player can use to get the out-of-town customer comps, mainly the free rooms.<\/p>\n

There are several services available, found on the Internet, where someone who travels extensively \u2013 e.g., a retired person or traveling salesman \u2013 can have their mail sent and subsequently scanned into PDF format so it can be viewed online. This provides an out-of-state address and gives the player the ability to attain all the comps that go with that status. To take it one step further, a player after receiving these offers can book the rooms immediately, then list and sell the rooms on craigslist for a cash profit. Or a person can easily utilize social media accounts\u00a0<\/a>to market\u00a0their newly acquired asset. For example a three-night stay at a Strip hotel over a fight weekend or other special event, would easily cost $350 dollars per night or more. If a player sells that same room for $250, it\u2019s a quick $250 profit. You are probably saying \u201cNick, you can\u2019t do that, you have to put a credit card on file for room charges.\u201d This is 100% true. However, there\u2019s no rule or law that the credit card has to be your credit card. So, after you sell the room online you can meet the person in the lobby, check into the room, put them on the room register, and use their credit card. The buyer gets a discounted room rate and you make a quick $250 dollars for maybe 30 minutes worth of work. That\u2019s a $500 dollar-per-hour win rate, a revenue stream that would even make James Grosjean<\/a> \u00a0blush.<\/p>\n

For players who live in, or near a town with only one or two casinos, the comps are not quite as lucrative, but there\u2019s still opportunity to siphon additional EV at the casinos\u2019 expense. Even the most dumpy low-grade shacks often have a 4- to 5-star restaurant in it. This is usually a steakhouse of some local acclaim. A mid- to upper-level semi-regular player can usually get a complementary dinner for two at least once a month. This meal could easily cost $150 with alcohol. For the bachelor player, this can offset some of your ongoing dating expenses. And the high cost of a quality meal can increase your equity among the opposite sex, or same sex if that\u2019s your bag. For the married player this easily gives a married couple a well deserved night out.<\/p>\n

Additionally, there are certain promotions that are available for new players club members. Perks can range from a free T-shirt, to a triple-point play for the duration of a weekend, all the way out to entries into a raffle for a free trip, or even a car. The lesson is that players have to expand their definition of expected value so they can fully evaluate their overall financial gains. Here we\u2019ve explored a few out-of-the-box approaches a player can take to enhance win rates. There are always ways to squeeze additional value from a casino for the player who is willing to look for it.<\/p>\n\"Facebook\"<\/a>\"twitter\"<\/a>\"youtube\"<\/a>\"instagram\"<\/a>","protected":false},"excerpt":{"rendered":"

Even the novice advantage player is familiar with the concept of EV. For the player unfamiliar with the jargon; EV stands for expected value. It is the set of equations that gives a player a way to determine what amount of money they expect to win by engaging in a particular advantage play. And more […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[2,3,9,1],"tags":[243,39,41,64,218,1089,1095,116,1091,499,1093,1096,798,1094,1092,1097,264,719,996],"yoast_head":"\nExpanding Your EV - Gambling With An Edge<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/expanding-your-ev\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expanding Your EV - Gambling With An Edge\" \/>\n<meta property=\"og:description\" content=\"Even the novice advantage player is familiar with the concept of EV. 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