We all like to be treated nicely, so just imagine how those who gamble often expect a casino to treat them. If you ask me they are sometimes acting a bit spoiled but it is nice to get some additional free money from time to time just so you know that you're appreciated.
Casinos really know to appreciate their players and I think we've all experienced that first hand, and they do this by the means of various benefits and rewards. This was once only reserved to entice new players but soon this became the means to flatter the loyal players, too. Since, most of these bonuses have some kind of wagering requirements casinos simply came to the idea that they need something more. They came to the idea of complementary points.
You earn comp points by wagering on any casino game and when you collect enough you can exchange them for money. You can look on this as a sort of compensation for your loyalty.
Nitty-Gritty
Comp points first appeared in land-based casinos that served as a compliment to their players, way before internet and online casinos appeared. If a casino would go and try to operate without these points they would go out of business because players would avoid such sites.
Gambling websites can be seen as copycats in so many ways. One more thing that online sites mapped from land-based casinos are comp points levels. In land-based casinos these complementary rewards come usually in the form of drinks or free meals.
The more you bet the more points you'll get and sometimes these prizes can come in the form of free hotel rooms, limo rides, tickets to famous shows, or sometimes even some of the money back. Sometimes the casino even sends these complementary gifts to your home address just so you may see how much they miss you.
Comp Points In An Online Casino
Casinos are always after your money and you surely must know this, so if you think this through you'll realize that even these points aren't for free. When you lay your eyes on the conversion rates you'll see that casinos are making a bunch of money on them.
Comp points are designed in a similar way as the house edge in games, to go on the hand of a casino. If you enter a casino that offers a conversion rate of €1 per 100 points collected, and you get one comp point for every €5 you bet, it means that you need to wager €500 to get only €1 back. If you are a casual player you can put two and two together and see that this is not for you but if you are a regular player than this can benefit you a lot.
You got to be aware of the fact that comps are not something you get after completing a wagering requirement it is simply something that you collect as you are moving forward with your play.
Levels And Prizes
You can easily advance in loyalty levels and the higher you get the bigger prizes you'll get. You can get better exchange rates, special events invitations, higher limits, trip tickets and vacations and many more. Different casinos have different prizes so you should check on loyalty programs before you choose your casino.
You should also know that exchanging points doesn't affect your VIP level but still, I advise you not to spend comp points on useless stuff you don't need to begin with because it can sometimes serve you as a great bankroll refill.