Everyone likes to get free goodies. What if we tell you that for every minute and every bet you wager in an online casino, you can get complimentary gifts, you’ll be surprised. It’s too good to be true. But, it’s real, you can get gifts, bonuses, rewards, and even an all-expenses-paid vacation to an exotic country on your bucket list. Online casinos are arenas where you battle against chances and win according to your luck.
Comp Points are the most popular free comps rewarded by the online casino to its most consistent and loyal players. If you are new to online gambling, this will be the first time you are hearing about comp points. Read along to find out more about comp points, the formula to calculate comp points, ways to get more comp points, and tips on how to redeem them. So, let’s begin.
What Are Comp Points?
Comp points or complimentary points are points that are awarded to the players by the online casino for the bets they wager or for being consistent. Several online casinos have a tiered loyalty program, in which players can ascend the tiers by wagering bets or accruing a certain number of comp points.
Online casinos do not reward players with a random number of comp points for their actions. There are specific criteria a player has to fulfill to be rewarded with a comp point. The criteria and the ranking system used by most online casinos are not available to the public. However, many experienced casino players have found out how online casinos reward comp points.
Certain games offer you more comp points than others. These games can be played strategically to get more comp points. The money you deposit, the threshold maintained in the gambling wallet, and the bets wagered are also taken into account while rewarding comp points.
How To Calculate Comp Points?
How many comp points you get is determined by the casino comping system. The casino comping system works based on your bets, the casino’s advantage, and the expected loss. To calculate the expected loss, casinos take your average bet and multiply it with the casino’s advantage of the game you have played.
Expected Theoretical Loss = (Total Wager) x (Casino Advantage)
The expected theoretical loss is then multiplied by the average decisions made per hour in the game, which gives the expected loss per hour. This is finally multiplied by the length you play in hours to get the result, which is what the casino expects to win from you. Almost 10% to 40% of that amount is returned to you in the form of comp points. Players that wager more, will be rewarded with higher comp points.
How Do You Get Comp Points?
To get more comp points, you need to wager more. High rollers get more comp points because they spend more on bets. Casinos reward them with more comp points because they contribute more to the casino. Similarly, if you deposit regularly, you can get more compo points. This makes the casino think that you are a consistent player. Also, maintain a threshold in your gambling account and never withdraw the full amount.
Playing certain games can also fetch you more comp points. House games like blackjack, baccarat, and roulette are games that you can exploit to get more comp points. The odds in these games are usually stacked against the player. Players can wager more bets in these games to meet the criteria of the casino and get comp points. Certain strategies like card counting can help players ace these games and also rake in huge payouts.
Another method is to get inducted into the loyalty program. The loyalty programs of most casinos are multi-tiered and when a player moves from one tier to another, the player earns a certain number of comp points. Similarly, the player can also receive comp points as gifts during birthdays and as other exclusive bonuses.
How To Redeem Comp Points?
The comp points that you receive when wagering bets are accrued in your account. You can simply log into your account and go to your gambling wallet or the “Points Tab” to check how many comp points you have gathered. Casinos usually have a “Cashier” tab which you can access and convert your comp points to real money. Alternatively, you can also contact customer support and ask the customer support representative to convert it for you. The real money will be automatically credited to your wallet. There are generally no wagering requirements and no time limit.
Various Types Of Comps In Online Casinos
Comp points are not the only type of free rewards meted out by the online casino. There are various types of comps or complementary rewards awarded by the casino to the most loyal players. Some of these are:
- Cash rewards
- Comp points
- Free spins
- Free travel
- Lounge access
- Plane tickets.
- Access to concerts and sporting events.
Conclusion
The comp point system in an online casino is a method for online casinos to give back a few of their profits to the people who made it possible. Comp points are calculated using a sophisticated mathematical formula and heavily depend on the size and number of the best wagered. Playing selected casino games earns you higher comp points and ascending the tiers in a loyalty program can also fetch you comp points. These comp points can be exchanged for real money and carry no limitations. However, players need to be careful while gambling for comp points as it can be highly addictive.
