1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Average bet to ask to have room charges taken care of?

Discussion in 'Comps' started by mrem3200, Sep 6, 2014.

Thread Status:
Not open for further replies.
  1. mrem3200

    mrem3200 High-Roller

    Joined:
    Dec 20, 2011
    Messages:
    777
    Location:
    Connecticut
    Trips to Las Vegas:
    15
    I know it is a bit more complicated than this so I am just asking for a general idea. Roughly what would your avg BJ bet (assume 4 hours per day) need to be for them to consider taking care of some room charges on a comped room at someplace like Paris, Bally's, Flamingo? Nothing significant just a few hundred for meals or whatnot. I am not planning on adjusting my play based on the answer, I just have no idea,

    Thanks
     
    Last edited: Sep 6, 2014
  2. BayouBengal

    BayouBengal VIP Whale

    Joined:
    Jan 1, 2014
    Messages:
    2,621
    Trips to Las Vegas:
    15
    For blackjack since the house advantage is so low it's about your average bet for 4
    Hours. So $100 avg for 4 hours would be about $100 in comps. Though the general rule is 30 to 35% of your theo is comps. So no matter what you gamble you may get something even if only $20 to knock off resort fee.
     
  3. RiddickBull

    RiddickBull VIP Whale

    Joined:
    Oct 20, 2012
    Messages:
    1,672
    Trips to Las Vegas:
    20
    It depends on the casino also. Being a bigger fish in a smaller pond will get you more comps than being a small fish in a big pond.
     
  4. mrem3200

    mrem3200 High-Roller

    Joined:
    Dec 20, 2011
    Messages:
    777
    Location:
    Connecticut
    Trips to Las Vegas:
    15
    I guess more specifically my question is did I leave something on the table my last trip? 3 nights comped at Paris, 7 hours a day $99 avg bet. I only had about $130 in charges but didn't even think about asking until after I got back, since my bets haven't been that high in the past.
     
  5. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    11,145
    Location:
    TN
    Trips to Las Vegas:
    19
    For most folks at CET, they will you use your Reward Credits before doing any additional comps. Even if they are gone, they can be tight.
     
  6. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

    Joined:
    Jul 11, 2010
    Messages:
    6,842
    Location:
    Tennessee
    Trips to Las Vegas:
    50
    Probably not. Depending on the BJ rules, and thus the house edge, you probably generated no more than $300 in comps. That was probably barely enough to cover the upfront room comp for three nights.

    With respect to the original question, its really impossible to answer because we don't know how much in comps you're receiving upfront. Three nights at Ballys is very different from three nights in a CP suite. I'm saying that you're not going to get any backend comps until you have generated sufficient comps to cover the upfront comps they already gave you.

    And although I am not as familiar with CET as other comp systems, I think there is an easy way to check: do you have enough RC to pay for your few hundred dollars in room charges? If so, then you have enough comps to cover it. My understanding is hat CET properties deduct backend comps from your RC first
     
  7. mrem3200

    mrem3200 High-Roller

    Joined:
    Dec 20, 2011
    Messages:
    777
    Location:
    Connecticut
    Trips to Las Vegas:
    15
    Thanks UK. My theo was $1,595 and my upfront comps were the 3 nights in a Paris Red Room on a weekend (not sure if weekends are valued differently for comps than a weekday), $50 fp and $50 gift card. I had nowhere near enough RC's to cover my room charges. So in the end based on what I am hearing I think I ended up right around where I should have. Especially since my play was quite a bit higher than previous trips (in case they factor in previous play). Also, for what it is worth (maybe nothing, maybe a lot...I don't know). While I stayed at Paris only maybe 20% of my play was there. The rest was at CET properties but not Paris.
     
  8. newmans

    newmans VIP Whale

    Joined:
    Jun 30, 2014
    Messages:
    1,648
    Trips to Las Vegas:
    65
    CET will look at your combined play at their properties. I think your 3 nights comped over a weekend, plus your fp and gift card, from a comp standpoint is almost exactly 30% of your theo you generated over your stay.
     
  9. chonglosaxon

    chonglosaxon MIA

    Joined:
    Dec 20, 2013
    Messages:
    486
    Trips to Las Vegas:
    40
    You earned a free room based on that play, maybe a meal as well. The comps were accurate
     
  10. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    11,145
    Location:
    TN
    Trips to Las Vegas:
    19
    If you get a comped room to come visit and play NOTHING, you still get the comped room.
     
  11. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

    Joined:
    Jul 11, 2010
    Messages:
    6,842
    Location:
    Tennessee
    Trips to Las Vegas:
    50
    Got it. I think I misread your prior post. I thought you played seven hours total, not seven hours a day.

    I have no idea the cost of a red room. The cost of the room is more on weekends, and thus your upfront comp was more. $130 in room charges is not much, but it still sounds like you were comped appropriately
     
  12. Scottndindy

    Scottndindy Low-Roller

    Joined:
    Oct 1, 2011
    Messages:
    415
    Location:
    Indianapolis, IN
    Another challenge is that you can't use the advertised rate of the room to determine if you got a good comp or not. The amount used for comps on the room is updated weekly/monthly. There are times where the room might go for 100/night but your comps get charged 250 because that is the comp rate.
     
  13. chonglosaxon

    chonglosaxon MIA

    Joined:
    Dec 20, 2013
    Messages:
    486
    Trips to Las Vegas:
    40
    You need to use the casino rate to dtermine the amount of the room, not the rack rate. The casino rate will be lower and since they are the ones comping the room, it should be calculated that way.
     
  14. Kickin

    Kickin Flea

    Joined:
    Aug 10, 2012
    Messages:
    3,414
    They don't base the comp off of the casino rate, Scottndindy is correct, they base it off the comp rate which is higher. That's a rate decided ahead of time by management and is supposed to reflect a fair market value for the room.
     
  15. PHVHost

    PHVHost CET Casino Host

    Joined:
    Mar 7, 2014
    Messages:
    599
    Trips to Las Vegas:
    1
    This is pretty accurate for the properties listed above. 4 hours a day at minimum $100 avg bet at blackjack and you can expect your rooms to be comped off. That is for a standard room, not an upgraded room or suite.
     
  16. wigwam_salesman

    wigwam_salesman VIP Whale

    Joined:
    Aug 30, 2011
    Messages:
    2,468
    Location:
    Manchester, United Kingdom
    Trips to Las Vegas:
    9
    This is just a theory, but I reckon the high end restaurants tend to charge ridiculous prices because they know most people will be taking it off comps and it eases the bottom line to charge way more than the real world cost.
     
  17. Sydney10

    Sydney10 Tourist

    Joined:
    Aug 5, 2014
    Messages:
    92
    Trips to Las Vegas:
    40
    I think the high end strip restaurant prices are pretty much in line with most large cities.

    I'd be curious to know what percentage of Vegas restaurant patrons are being comped. I think I read on another thread that PHVhost said that 20% of players make up 80% of revenue. Would it be fair to say that 20% of restaurant patrons are being comped.
     
  18. Kickin

    Kickin Flea

    Joined:
    Aug 10, 2012
    Messages:
    3,414
    I agree. I was about to post the same thing about their prices being inline with similar restaurants in any big city.

    The LVCVA posts survey results detailing the percentage of Vegas hotel guests who stay in comped rooms and its around 20%.

    But your question about restaurant patrons is interesting. I pulled up Wynn's last 10k and they have some data in there. Overall F&B revenue for them was $489MM last year in Vegas and of that $63MM came from the casino's promotional allowances (i.e. comps). So around 13% of total F&B revenue is comped. This doesn't tell you the percentage of actual patrons, just the percentage of revenue, but I think you can use it as a proxy.

    Overall Wynn comped back around 27% of gaming revenue and among room, f&b, and entertainment - the majority of it went to F&B.
     
  19. Sydney10

    Sydney10 Tourist

    Joined:
    Aug 5, 2014
    Messages:
    92
    Trips to Las Vegas:
    40
    Interesting! Thanks for doing the research.
     
  20. wigwam_salesman

    wigwam_salesman VIP Whale

    Joined:
    Aug 30, 2011
    Messages:
    2,468
    Location:
    Manchester, United Kingdom
    Trips to Las Vegas:
    9
    Food is. The bottles of wine are hilariously overpriced though, even by any other city standards (unless you go to the celebrity haunts where they charge what people will pay).
     
Thread Status:
Not open for further replies.