vaycaymom wrote:
I am a newbie, and when I read someone has estimated their coin in
to be $4000-$5000, I am not sure if that means that is actually
their bankroll for that time OR are they estimating the coins put in
according to the time spent and the recycling of their winnings.
Hi Trudy,
Coin-in is that "recycling" that you're referring to. or as put a
little more precisely in the Glossary here, is: the total number of
hands played x the bet per hand. They're bankroll (for that trip)
will often be 10%-15% of that.
Coin-in is used by players and casinos as a short cut method of
determining what the casino deems the player is "worth".
Say a player has a daily coin-in of $5000 on a machine that the house
finds it holds 5% of total wagers as profit. The house is likely to
deem this player's expected profit to the casino to be $250 and extend
comps and cashback accordingly.
Of course, casinos don't generally discuss hold calculations. But the
player will often get rough feedback suggesting, at a "locals" for
example, that a mid-week room can be had for $3000 coin-in, weekend
for $5000, and that $10,000 will get them signing privileges in the
coffee shop (i.e. upfront comp privilege, aka "RFB" or "RFB-Ltd" -
room, food & bev comp, limited restaurants where indicated).
- Harry