The high roller wants to see their money go a long way in the community. So casinos offer incentives for high spenders to spend more. These incentives include comps, which is short for “complimentary items.” For example, in 1970s, Las Vegas casinos offered cheap buffets and free show tickets to attract high rollers. The key to their success was maximizing the number of visitors to Las Vegas. By filling their hotel rooms and casino floors with customers, they increased their gambling revenue.
To keep high rollers, casinos invest heavily in their marketing. Casinos market their games to their high roller customers, who often spend tens of thousands of dollars. High rollers are often housed in special rooms separate from the casino floor, with large stakes. High rollers also get high-end comps, free luxury suites, and lavish personal attention. The marketing strategy must appeal to their emotions. In addition to freebies, casinos should create deep community relationships and contribute to local communities on a regular basis.
Today, casinos have a statistical edge. While it may be less than two percent, this advantage helps them make more money than their competitors. Hundreds of millions of dollars are bet on casino games each year. This advantage allows investment banks to play at their casino games with increasing amounts of their own money. However, casino players must be aware of the fact that the casino has an advantage when it comes to profits. So it is important to research the odds of winning and losing at casinos.