The average amount that a gambler losses per day for a certain gambling activity. Usually Average Daily Theoretical is expressed in absolute terms (such as dollars) rather then relative (percentage) units."
There are numerous definitions on average daily theoretical spend but, in brief, ADT is based on how much money is gambled per day. Casinos prefer gamblers who will spend $1,000 per day as opposed to the gambler that may spread $1,000 over 3 trips and 10 days. Some casino companies that have multiple properties may only reward you nicely if you play at one casino as opposed to playing at three of their ten properties.
This formula constantly changes and is kept secret by each property. Websites and message boards try to dissect the specifics of these formulas, but that just confuses us. We'd rather gamble than read about the minutia.
Before moving to Las Vegas, this east coast gambler used to receive pretty amazing offers because our play was fairly concentrated into small capsules of time (one or two trips a year). Now that those same casinos are within minutes from us and although the money played is similar, it's spread out a little more. Comps remain similar because money played is similar. Needless to say the offers have decreased. Whatever.
We won't change how we play. As much as we like freebies, we don't play for comps and that won't change. If you have more patience than we do, you can certainly find more information on how ADT is calculated. Just know that consolidated spending is rewarded best by casinos.
[Photo: investing caffeine]