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.

Help Converting Venetian Slot Points to Coin In

Discussion in 'Comps' started by 2VegasNuts, Sep 14, 2016.

  1. 2VegasNuts

    2VegasNuts High-Roller

    Joined:
    Sep 12, 2011
    Messages:
    661
    Location:
    Springfield from California
    Trips to Las Vegas:
    184
    Hello All,

    I apologize if this question has already been asked. I could not find the answer and online answers posted at other sites did not seem to know.

    I just got back from my first stay at Venetian in many many years. During my stay I played slots...almost exclusively Games of Thrones, Willy Wonka, and Bulls Eye. All penny slots. I earned 32,00 slot credits which provided $180 in slot credits. My tier points were also 32,000 since I did not charge anything to the room or have any hotel "extra" points. I went this past week, Sun-Wed. Room was $209/nt which as comped.

    I can't for the life of me figure out how they work their comp system. How much coin-in did I have? Did I leave comps on the table or get what I should have?

    Thank you!
     
  2. FuzzyDiceCraps

    FuzzyDiceCraps High-Roller

    Joined:
    Jul 6, 2015
    Messages:
    563
    Hey 2VegasNuts,

    The great mystery of Grazie points. I can't exactly answer your question, because unlike a lot of systems that use "coin in" to determine points, Grazie operates on "theoretical win". If you look at the brochure, it tells you how many points you get for each dollar of theoretical win (that's what the casino theoretically wins on your play). It is 10 points for purple, 15 for gold, 20 for platinum (10/12/15 on VP). That means the machine your playing's house advantage is the determining factor, not the denomination/bet you're playing at.

    My wife and I are V/P loyalists, and we gave up trying to figure it out long ago. If you watch your countdown at the machine, that gives you an idea how much you have to bet to earn points on that particular machine.

    I will say that 32,000 points isn't a bad stay, especially if you're purple (you'd now be gold, FYI). You get $15 in free play for every 2500 points you earn.

    The question as to whether you left anything on the table is another matter. Did you get any backend comps at all?

    I can only speak from our experience, but we generally average between 40,000-50,000 points per stay as Gold (we have 98k to this point this year on two trips). We split time between V/P and CET properties, so it limits what we get at V/P. We generally stay for 5-6 nights, we'll get 5 nights comped up front + 2-300 in FP, and another 150 or so in resort comps, or a tourney entry/tickets, etc. At the end of our stay, we will get our 6th night comped (if applicable) + around $500 or so in room charges comped ( we don't charge a lot to the room, and what we charge aren't super expensive meals). This can vary a lot depending on what we do on our stay, but it gives you an idea as to what our comps look like. Although we earn 40-50k in points, I also play a fair amount of table games (mainly craps), that does not earn points, but does earn backend comps.

    My suspicion is if you didn't ask for back-end comps, you probably lost out on something, but since you didn't charge anything to the room, there was nothing to comp off anyway.

    Hope that helps.
     
    • Informative Informative x 1
  3. 2VegasNuts

    2VegasNuts High-Roller

    Joined:
    Sep 12, 2011
    Messages:
    661
    Location:
    Springfield from California
    Trips to Las Vegas:
    184
    Thank you! That helps.

    You are correct, we did not get anything comped as there was nothing to comp. They gave us show tickets for The Jukebox show and then you get more show tickets each day your earn 3000 pts. So, we ended up with a bunch of show tickets and sold/gave away all of them.

    It just stinks because if we knew how much we put through in coin in and an approximate amount of hold on the machine, we would know what our comp $ should be.
     
  4. buffalo

    buffalo Low-Roller

    Joined:
    Jul 22, 2011
    Messages:
    238
    Location:
    Too far from Vegas
    Trips to Las Vegas:
    61
    Usually by Feb you can pull up your win/loss statement and it shows coin-in and coin-out for the previous year (a nice feature). I've averaged 83% payback over the last several years except last year I averaged 87% as I got more selective on which slots I played.

    If gold, you get 30 points every time the counter hits zero. I believe the higher the starting number, the better the payback to the player. Some of the old slots start at 2200 and some of them are down to 900. Most are around 1400. Every $1 coin-in knocks the counter down 100 points so you can track coin-in if you're diligent. BTW - you do get partial points if you cash out before the counter hits zero so not sure why the have a counter at all lol
     
    • Informative Informative x 1
  5. Letter_E

    Letter_E Low-Roller

    Joined:
    Jul 23, 2011
    Messages:
    134
    Location:
    Houston
    Trips to Las Vegas:
    13
    I had no clue you got partial points if the counter isn't at 0. I've always played it down just to be safe.