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Do you think offers can be affected...

Discussion in 'Comps' started by JRRestoule, May 3, 2016.

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  1. JRRestoule

    JRRestoule Low-Roller

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    Speaking about M life, do you think comp offers change or may be affected by carrying a balance in express comps and/or pointplay? Could there be positive or negative value in carrying a high balance in express comps or pointplay between trips (assuming you are going to be back before they expire)? Or would the best move be to use them all in the current trip?
     
    First ever New Years Eve Trip! Maroon 5...and more!
  2. shacktown

    shacktown Tourist

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    I always advise our URComped players to keep their accrued reward balance (reward credits, express comps etc) as low as possible. The current trend is that more casinos are requiring hosts to clear out their players accrued rewards before allowing the hosts to use discretionary comps. In some cases, the combined complementaries given to the player (player's accrued rewards + host's discretionary comps) cannot exceed a certain percentage of theoretical, so if you have a ton of accrued reward credits, the hosts will clear those out and not be able to give much in the way of discretionary comps because you already hit the max comp threshold via reward credits. For example, you generate $1000 in theo at the end of a trip, the casino will typically apply 30-40% of theo towards your folio.
    If you have $400 in accrued rewards, they will use those first to cover your charges, and then they are already at the upper end of their target comp range (40%). It doesn't matter that the $400 in comps were earned on previous trips. If the host comps more on top of your reward credits and push your comp/theo percentage to 50%+, they will have to explain why to management which of course they don't want to do.
    Sooo, IMHO it's best to keep your accrued comp balance low so you can tap into more discretionary comps. This strategy should give you more value in the long run.
     
  3. Auggie

    Auggie Dovahkiin

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    No. Use them if you got them. Also, they don't last forever and you never know if something might come up where you can't make it back to Las Vegas in time before they expire or the program might change and you'd lose your points, etc (hopefully nothing comes up, but I've been around this and similar forums for 14 years and have seen it happen many times to different people).


    As far as comps go and what they offer, the super-quick-glossed-over version would be:

    When you play the casino tracks its expected win off of you and returns a portion of that in the form of comps.

    IE: if you are playing slots at 50 cents a spin with a 10% house edge for 8 hours a day, 700 spins an hour on the average for three days the casino expects to win off you: 8 (hours) * 3 (days) * 700 (spins per hour) * 0.50 (your bet) * 0.10 (the house edge) = $840

    If they return 30% of that to you in the form of comps then that'd be: $840 * 0.30 = $252

    If you are there for three nights and go to the player's club booth at the end of the trip that $252 might get you two nights comped and some food and drink knocked off your bill - basically a bunch of stuff that adds up to about $252.

    How offers work:

    The casino is going to try to get you to come back so they will send you an offer, but the offers aren't just random: the casino will look at your history and is going to assume you will gamble about the same on your next trip as you did on your last, and they are going to try to start you off with a $0.00 comp balance.

    So what that means is: per the example above the casino is going to assume you are going to play about the same as you did last time and thus you will earn roughly a $252 comp balance... so when they send you an offer it will be for roughly $252 dollars worth of comps. If the hotel room is $89 per night they will probably send you an offer for 2 free nights, a 2-for-1 buffet and $100 in free play (the buffet being worth about $30 and the free play worth about half its value in actual cash).
     
  4. JosieCat

    JosieCat VIP Whale

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    I think there are, as mentioned, valid reasons to use them, but with that said - I don't think carrying a balance affects your offers. I have $1,800 in M Life EC's, and my offers are still very good.
     
  5. Chuck2009x

    Chuck2009x VIP Whale

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    I don't think having banked ECs or PointPlay affects your offers. The main reasons to keep the balances low have been stated:
    • Risk of expiration
    • Risk of devaluation
    • Tendency (especially at CET) to sweep them out when granting back end comps.
     
  6. JRRestoule

    JRRestoule Low-Roller

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    Thanks for your thoughts and explanations! I figured carrying a balance in either or both probably wouldn't affect comp offers either way and it seems to be that way. Although there seems to be a few valid reasons to use them when you have them as opposed to keeping them. I'm in Vegas soon and I will attempt to leave with an express comp and pointplay balance of $0. If I notice a significant change in my future offers I will report here :)
     
    First ever New Years Eve Trip! Maroon 5...and more!
  7. KimiCoconuts

    KimiCoconuts Low-Roller

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    I leave them alone, if my host needs some of them she uses them so I don't pay a bill. I have a large balance and have no way to use it since she comps everything. So, I do not stress about show tickets or the spa if I want to go on a trip knowing if it's not comped at the back end, it will be covered. My vote is to bank them, if it does not cost you any money to do so (i.e.: leaving a balance to pay).
     
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