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Interesting Information on How CET Hosts Get Paid and Other information

Discussion in 'Comps' started by mrstealth, Nov 19, 2015.

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  1. mrstealth

    mrstealth High-Roller

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    This was just posted on another forum I read (alan best buys dot com) by pro poker player Dan Druff, who is a 7 Star with CET. Dan is a person who likes to "work the system" so to speak and studies a lot about the subject and really knows his stuff. He posted the following response as it relates to "Does a Host get paid on a players losses" and "Does a host get paid if booking through the 1-800 number". Hope you find the information useful:

    "Hosts do not make money off your losses. They make money off your EXPECTED loss. Your actual results typically do not matter. (There are some exceptions to this, but they aren't common.)

    However, it's not just about expected loss. Your host gets paid based upon your ADT (average daily theoretical loss) and AMT (average theoretical loss minus comps redeemed -- known as average marketing theoretical).

    Basically each host has a certain point (determined by computer) to where he can comp you and it won't affect his commission. Once he gets past that point, the comps you receive start eating up his commission, so that's why hosts will get angry if you do the stay-and-not-play thing. This is also why they will drop you if you make a pattern of it.

    It is not 100% clear to me what happens when you book with the 800 number. I know that ANY comp rooms redeemed -- whether through the 800 number or through a host -- get charged against your usable comps. However, I also know that the 800 number has a different block of rooms to assign you -- meaning that it does not negatively impact the host if you book through the 800 number and don't play. That's because it wasn't "their" comp. However, it does impact YOUR player account, and that means since you're tied to that host, it might cost him future potential commission if you DO play on a subsequent visit. That much I know.

    What I don't know is if the host will get "credit" for your play if you book through the 800 number. I have been told that your home property host will split commission earned on your play at other CET properties (along with a host at the other property assigned to you, if any), but that's a different matter.

    Also, it is possible for a player huge in the red in overall comps (like me -- known as 'overcomped') to still make commission for a host at a specific property. For example, I am NOT overcomped at Harrah's Tahoe, Harrah's Rincon, Harrah's New Orleans, and Harrah's Laughlin. At all of those properties individually, I am still considered profitable to them. At the Vegas properties, I am WAY overcomped, as my play is very minor compared to my stays there. So no Vegas host wants to touch me, as I will actually be negative value to him. (But again, I believe this doesn't hurt hosts there if I book through the 800 number, but there's also no point for them to keep me, because I also do not make them money).

    So to answer your question, "lucky", if you have cut your play down but are still playing a fair amount every stay, you might want to still speak to your host when you would like something (such as RFB). If you are mostly doing no-play stays (or little-play stays), then yes, you are better off avoiding the hosts, as they will actually do less for you than the 800 number. "

    original thread is here: http://forum.alanbestbuys.com/showthread.php?3686-CET-host-questions
     
  2. shifter

    shifter Degenerate Gambler

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    since he references only CET properties, I assume this might be true at CET. but it's definitely not true at Mlife.

    hosts have theo targets that they are expected to hit for each year based on their title. how they do on this is a part of their regular reviews and contributes to their getting raises and/or better titles. the higher the title (casino host, executive casino host, casino marketing executive, director, VP, etc), the higher this target number is.

    however, hosts get bonuses at the end of the year on ACTUAL loss numbers for that year. not on a per player basis, but on how much money they bring into the company. think of them as sales people who get bonuses on sales. losses = sales.

    and when you book with the 800 number, the host is not on the hook for your comps nor does your play that trip count for his numbers. the host that books the player gets the credit. if VIP books it, they get the credit.
     
  3. zoobrew

    zoobrew Tourist

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    "and when you book with the 800 number, the host is not on the hook for your comps nor does your play that trip count for his numbers. the host that books the player gets the credit. if VIP books it, they get the credit."

    This might vary with locations. For example LV vs. Cleveland or Detroit. Since at the later many gamblers aren't booking rooms the host gets credit whether they do anything or not. But I do notice at the regional casinos the hosts spend more time on the casino floor talking to their guests.
     
  4. shifter

    shifter Degenerate Gambler

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    for drop in play, your assigned host always gets credit.

    it's that way in Vegas also.
     
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