The Myth about Comps

It is a known fact that casinos are a good business to earn a ton of money. The casinos are categorized as a business for entertainment and management is always thinking of the best ways to earn more. Unlike other businesses, casinos can not cut down on the prices or put things on sale to gain more sales. Casinos depend on the promotions or special rates and sometimes certain events to entice more players to come in and play. The casinos have the advantage of the house or what is commonly known as the "house edge".

Coming up with more games that are really entertaining is the solution that most casinos think of. Every year the management of the casino always attend shows usually held in Las Vegas to see the new table games or the latest kind of gaming machines to attract more players for their casino.

Another choice that other casinos apply is offering rewards and incentives to the frequent players of the casino. They usually do this by giving free items and comps to loyal players. Comps can be as small as the key chains or as big as the free accommodation or free dinners and drinks which is popularly known as RFB.

The comps have an effect on the psychological aspect of the players. The comp is also a factor how the players play. There are even other players who wrongly believe that they are well established in the casino if they receive comps in great values. This is a wrong belief because the comps are issued based on the number of losses the player has which also implies that comps are the compensation for the losses.

Another myth about comps is that they are given for free. The customers are also paying for the comps in a way because the comps are only given if they qualify. A player qualifies for a comp with higher value based on many plays.

The psychological effect of comps is the need for people to be recognized and the feeling of being valued. The comps are a form of reward given to customers who are considered hooked on playing games in the casino and comes in frequently. The truth is comps are also a rebate which is given based on the amount of the money the players have spent playing.

It is always nice to receive comps but one should never believe that the rich gets more comps because the truth is the players also pay for them.