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Host compensation

Discussion in 'Comps' started by UKFanatic, Oct 2, 2012.

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  1. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    Reading a couple threads regarding hosts and comps over the past week got me thinking about this question. I recall reading somewhere that hosts are paid (at least in part) based on their players' theoretical loss. I've also read that they are paid (in part) based on actual loss. Does anyone know which is accurate? Or is it both? Does it vary from company to company?
     
  2. golfnut

    golfnut Low-Roller

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    If this is the case. Then wouldn't a host want as many clients as possible even low rollers. The more people they had playing under them the larger the loss is going to be. I would think.
     
  3. DonnyC

    DonnyC VIP Whale

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    I have no clue, I have no host...but I have a guess.

    It is likely a calculation like actual or theoretical loss - comps give = X, Host get a per cent of X
     
  4. JillyFromPhilly

    JillyFromPhilly Tourist

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    As far as I know, most of them get a base salary and then bonuses based on performance - which I guess is tied to the play of their clients - although I don't know if it's based on just overall action/theo or actual losses vs. the amount of comps they gave out or what - I'm sure the exact method and formula probably varies from operator to operator.
     
  5. Nevyn

    Nevyn VIP Whale

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    Not really. First, it would have to be a formula based on profit (the loss minus what the host gave away). More importantly, a host has a finite amount of time. Trying to keep as large a stable of players as possible regardless of your play would probably mean you aren't treating your high rollers the way they would expect.

    And one host with just Natedogg as his client would make more than a host with a couple thousand of me.
     
  6. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    I think this is true in most service industries. My biggest client is worth fifty of my smaller clients in terms of the bottom line at my firm
     
  7. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    I guess that is what I am curious about: what are the variables. Is it theo or actual losses or both. My opinion on which variable it should be will likely depend on whether I win or lose big on my next trip :evillaugh
     
  8. Joe

    Joe VIP Whale

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    At a certain Downtown Boyd property :wink2:, the GM told me that win/loss has nothing to do with host compensation.
     
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  9. Nevyn

    Nevyn VIP Whale

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    Maybe a good question for the casinoboss thread.
     
  10. nostresshere

    nostresshere Mr. Anti Debit Card

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    I would think they would be measured more on Theo vs actual win/loss. Seems like everything else is geared that way.

    Grind out enough playtime, and the casino wins.
     
  11. mike_m235

    mike_m235 Tourist

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    I do get the feeling sometimes that my host has 'orders' to push something specific...maybe a show that's not selling or a certain restaurant. So I think maybe there's occasionally a bonus for certain things -- because usually it's not something that's even close to what I'd normally want. For example, my host at MC has twice tried to steer me toward Andre's. But who knows? Maybe he just thinks it's good. It's arguably the best meal in the Monte Carlo, so it could be my imagination that he's overselling it.
     
  12. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    That's an interesting thought I had not considered. My host for a trip in a few weeks is pushing me to try Lily at Bellagio. Told him I would get back to him after I talked to my friends. Maybe he just thinks we will like it. Or maybe he thinks I will burn through my EC faster there, lol
     
  13. jerseyguy

    jerseyguy VIP Whale

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    I'm guessing they are like financial advisors

    Compensation is based on the amount of money they have under management or in the gaming industry the amount of money thats played.
    You bring a lot of money ,thats the bottom line whether the player or investor wins is out of your control.
     
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