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

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

 

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.

 

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.

 

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.

 

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.

 

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

 

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.

 

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.

 

You earned a free room based on that play, maybe a meal as well. The comps were accurate

 

If you get a comped room to come visit and play NOTHING, you still get the comped room.

 

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

 

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.

 

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.

 

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.

 

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.

 

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.

 

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.

 

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.

 

Interesting! Thanks for doing the research.

 

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).