Do you guys track how much you're tipping? I have not been but think it would be a good idea to, although I'm not sure of an easy way to do it while playing. What about food comps? Do you take the cash value of the comp and add it to your winnings? Just curious, any and all feedback is appreciated.
Blackjack Accounting?
- Thread starter SammyBoy
- Start date
LV Bear
Administrator
Tipping?
Do you guys track how much you're tipping?
Yes: ZERO. Makes it easy to track. :>
Do you take the cash value of the comp and add it to your winnings? Just curious, any and all feedback is appreciated.
I assume you mean the "face value," not "cash value," in the case of free rooms, meals, etc. Don't figure the "face value," just the actual value, if it's anything other than direct cash in your hand. There is frequently a big difference between face value and actual value.
Comps just reduce your expenses, they're not "winnings."
I wrote a detailed presentation about assigning proper accounting values to comps on BJ21.com Green Chip a few months ago, but can't link it here since Green Chip is a memberhsip board.
Do you guys track how much you're tipping?
Yes: ZERO. Makes it easy to track. :>
Do you take the cash value of the comp and add it to your winnings? Just curious, any and all feedback is appreciated.
I assume you mean the "face value," not "cash value," in the case of free rooms, meals, etc. Don't figure the "face value," just the actual value, if it's anything other than direct cash in your hand. There is frequently a big difference between face value and actual value.
Comps just reduce your expenses, they're not "winnings."
I wrote a detailed presentation about assigning proper accounting values to comps on BJ21.com Green Chip a few months ago, but can't link it here since Green Chip is a memberhsip board.
learning to count
Well-Known Member
Re: Tipping?
Hi Bear hows the honey tree? See you soon and we will wong to our wallets are content.
I agree you should only tip your self. The dealers dont tip you when your losing. Tipping is a city in china.
All kidding aside if you are serious about making a buck at card counting then tipping is a def no no. I dont tip 99.999% of the time. Once when I won a LL side bet I threw the dealer a green chip. I guess I was weak. I should have kept it. Tipping hurts the EV. This game is hard enough to cut an edge tipping only hurts you in the end. If you have to tip then do the old bet a dollar on top of your original bet. If you win then give the won dollar to the dealer. I have had several wins in a row and the dealer got a few of the winning dollars. I stopped when the dealer made a smart ass comment about the dollar tips. Figure this way if you have trained hard to do this thing and expect to make money. Treat it like any other business cut out any useless expenditures. DOnt listen to the so called big money guys who get pissed off about not tipping and use that old line about the poor dealer needing the money. There are plenty of imbecilic ploppies to take up the slack.
If you are a aggressive Wonger/table hopper then tipping will slow you down. JUST SAY NO! LTC
Hi Bear hows the honey tree? See you soon and we will wong to our wallets are content.
I agree you should only tip your self. The dealers dont tip you when your losing. Tipping is a city in china.
All kidding aside if you are serious about making a buck at card counting then tipping is a def no no. I dont tip 99.999% of the time. Once when I won a LL side bet I threw the dealer a green chip. I guess I was weak. I should have kept it. Tipping hurts the EV. This game is hard enough to cut an edge tipping only hurts you in the end. If you have to tip then do the old bet a dollar on top of your original bet. If you win then give the won dollar to the dealer. I have had several wins in a row and the dealer got a few of the winning dollars. I stopped when the dealer made a smart ass comment about the dollar tips. Figure this way if you have trained hard to do this thing and expect to make money. Treat it like any other business cut out any useless expenditures. DOnt listen to the so called big money guys who get pissed off about not tipping and use that old line about the poor dealer needing the money. There are plenty of imbecilic ploppies to take up the slack.
If you are a aggressive Wonger/table hopper then tipping will slow you down. JUST SAY NO! LTC
Re: Tipping?
LVBear,
Thanks for the response. I've really cut back on my tipping but feel obliged to leave something when a dealer really deserves it.
Most of the places I play give comps for food. Lets say I get $20 worth of food from Casino A and I won $200 playing. Would you consider this a $220 win?
If I get a $10 cash coupon in the mail from Casino B and then hit them for $150 I would record this as a $160 win.
LVBear,
Thanks for the response. I've really cut back on my tipping but feel obliged to leave something when a dealer really deserves it.
Most of the places I play give comps for food. Lets say I get $20 worth of food from Casino A and I won $200 playing. Would you consider this a $220 win?
If I get a $10 cash coupon in the mail from Casino B and then hit them for $150 I would record this as a $160 win.
Re: Tipping?
If you spend $20 cash for a buffet and you make $100 playing BJ, do you consider it only $80 revenue? Like Bear said, if it is a non-cash comp, it would be a reduction in expenses rather then an increase in revenue.
On the $10 cash voucher, if you walked away with $150 plus the $10 its $160. If not only $150.
Okie
If you spend $20 cash for a buffet and you make $100 playing BJ, do you consider it only $80 revenue? Like Bear said, if it is a non-cash comp, it would be a reduction in expenses rather then an increase in revenue.
On the $10 cash voucher, if you walked away with $150 plus the $10 its $160. If not only $150.
Okie
LV Bear
Administrator
Comp values
Most of the places I play give comps for food. Lets say I get $20 worth of food from Casino A and I won $200 playing. Would you consider this a $220 win?
No, it's a $200 win. The food comp just reduces your expenses.
If I get a $10 cash coupon in the mail from Casino B and then hit them for $150 I would record this as a $160 win.
Possibly. I'm curious how a $10 coupon can turn into $150?? Do you mean you kept playing after redeeming the coupon, and stopped with a $150 win? :>
Most of the places I play give comps for food. Lets say I get $20 worth of food from Casino A and I won $200 playing. Would you consider this a $220 win?
No, it's a $200 win. The food comp just reduces your expenses.
If I get a $10 cash coupon in the mail from Casino B and then hit them for $150 I would record this as a $160 win.
Possibly. I'm curious how a $10 coupon can turn into $150?? Do you mean you kept playing after redeeming the coupon, and stopped with a $150 win? :>
Re: Comp values
No, it's a $200 win. The food comp just reduces your expenses.
Ok, I see what you mean.
Possibly. I'm curious how a $10 coupon can turn into $150?? Do you mean you kept playing after redeeming the coupon, and stopped with a $150 win? :>
Yes. Actually I won $150 then cashed in the $10 coupon.
No, it's a $200 win. The food comp just reduces your expenses.
Ok, I see what you mean.
Possibly. I'm curious how a $10 coupon can turn into $150?? Do you mean you kept playing after redeeming the coupon, and stopped with a $150 win? :>
Yes. Actually I won $150 then cashed in the $10 coupon.
I guess I look at it differently
If you spend $20 cash for a buffet and you make $100 playing BJ, do you consider it only $80 revenue?
No, I would consider it a $100 win, but I have to eat regardless of playing blackjack or not so basically a food comp is like cash in my pocket.
If you spend $20 cash for a buffet and you make $100 playing BJ, do you consider it only $80 revenue?
No, I would consider it a $100 win, but I have to eat regardless of playing blackjack or not so basically a food comp is like cash in my pocket.