I should know better than to ask....

I decided to ask hosts on call about back end as I'm leaving Cosmo.

And I got this obtuse, double talk answer.

She pointed out that I'm in a comp room. It's a terrace Suite ... they upgraded to view, I didn't ask.
"We're looking for you to earn 4500 per night to cover the room,"

A tier point here is $2.50 played.
4000 points divided by 2.5.....
No way is the casino paying the hotel $1600.00 a night for this room

Even figuring double multiplier for Identity points.... there's no way they value the room at $800 per night.

I dont really think I was entitled to much. I had a horrible first 24 hours, but pretty much broke even next day. So house edge on my play dropped from almost 40% to 15%. So really, not that unhappy with two free nights in a fountain view terrace suite.

But the ridiculous response frustrates me.

 

I don't get the math here, but maybe I am just drunk.

 

Your math is a bit off. It should be 4500 multiplied by 2.5 to figure out the coin in required to get those points. 4500 x 2.5 = 11,250. Typical hold on slots is about 10%. That’s 1,125 theoretical loss. A rule of thumb on comp percentage is about 30% which brings you to about 337.50 in comps.

And Cosmo has the ability to know the precise theoretical on any machine you play so they’ll know pretty much exactly your theoretical loss.

So that number is not crazy off.

 

It would be 4500 points, at $2.50 coin in per point (assuming no multipliers for higher tiers) that would be $11,250 coin in. Theo at 10% would be $1250, take 30% of that, and it yields $337.50 in accrued comps.. not to far from the room cost..

 

They’re almost always going to mean tier credits earned as those are the same rate for everyone. It’s only the cash back points that get multiplied.

 

You asked and they answered. Sounds good to me not obtuse nor double talk answer IMO. Thanks for the info as I have not received the point amount for that level room they want. So at least the info helped me!

 

I love some of our math guys. @Chuck2009x @DaiLun and now @BayouBengal you’re now an official math guy in my books. sorry for random tags lol.

 

@Laugh That's only because I got to this thread so late.

@ReTriggerMe For a Fri-Mon stay (3 nights), the terrace suite fountain view room is going to retail at close to $450 per night average (I looked at two weekends from now). Cosmo being Cosmo (that is, tight but fair on comps), I would not be surprised if they went with casino rate being 75% of the retail rate (which you can find as the "Cosmopolitan Rate") instead of our usual 70% estimate. That would come out to... you guessed it, about $337.50.

 

@JulianC
Sorry everyone. Another math wiz and comp analyst.
Lol. Y’all are the best.

 

And... if you left with a "profit" or win of $xxx.... they still have to give you that room.

No casino has to give out anything. They do it in hopes you will drop more money than you win. Simple business.

 

Oh, ^ He's also a genius.

 

I agree with the math the above math gurus did.
And I just want to point out what the host really wanted to tell you in that sentence:
"You need play a hell lot more in order to just cover your room. You are low-playing this trip. And you even come here to ask for back-end comps?"

The host didn't high ball you. 4500 points is the minimum requirement.

 

At least for that level of room comped on a weekend. To become a hosted player at Cosmo starts at around $12-15k of daily slot coin-in. Basically, you have to effortlessly earn/maintain Sterling every gaming day -- never less on any gaming day. I presume that they don't like comping the City Room (cheapest at Cosmo; would be mid- to top-range non-suite in terms of price at a bunch of other Strip properties). I wouldn't bother talking to a Cosmo slot host-on-duty without at least 3000 Identity points per day purely from slots.

With Wynncore, the same slot coin-in ($7500 per day) is where back-end comps start. You might be able to get away with a bit less at V/P, depending on the day.

 

Sounds fair to me. I would say I was an approximate 12k slot points per day player over the course of a 4night/5day trip x 7-12 trips per year. I would get on weekdays - a wrap around suite fountain view and if included a weekend day - The terrace view + my upfront FSP and dining, with backend coming in at around $500 or so. I won't talk about my losses - they were pretty large and I NEVER left a winner there. I stayed there loyally for over 2.5 to 3 years, so that's not a great track record. I left to go DT for awhile because of that and host trouble. Not putting Cosmo down - I know several people that have won really big - just not me.

Edited to add: I know I could've received more backend comps, but we just never made it past that mark. My upfront dining was pretty generous and rich food gets to me after awhile.

 

it was lacking in the measurement. 4,500 what? She should have said, but for people who know them, it's probably a safe bet to say she meant base points.

But you also didn't say how much you played, so there's no way to know whether you had any back end coming or not.

4,500 base points at $2.50 each on slots is $11,250 coin-in. That would probably just barely cover a "Terrace Suite" on a weekend night.

But you said "It's a terrace Suite ... they upgraded to view"

A "Terrace Suite" is a specific room type name and has a fountain view to begin with.

So it's not clear what room type you were actually in.

A Terrace Studio with fountain view retails for a lot less than a "Terrace Suite."

If you actually averaged $11,250 coin-in for 2 weekend nights and were in a Studio w/view, you might have had some room for back end. If you were in a Terrace Suite, probably not.

 

I can’t 100% confirm but they also base back end comps on the type of room you’re in and not what they comped up front on case you upgraded. I few like I heard that from another poster. I haven’t noticed drastically different comps when upgrading though.

 

I think that's true. The casino has to pay the hotel for the room. So if you get upgraded, the casino either has to pay more (which means you have to pay for it with more play), or else the casino has to eat it.

if you get offered an upgrade, you should assume it's not "free" in terms of play unless you ask. The exception would be if the underlying price of the room dropped so much that, when you originally booked, you didn't qualify for it, but when you check in, you do.

80% of the time at Cosmo, I only qualify for a One Bedroom, but a couple of times the rates for a Terrace Suite were low enough on certain dates that I was able to eke in. Those weren't really "upgrade" situations though, I just poked around the calendar until I found really cheap stretches.

 

I’m talking like the upgrades you pay for at check in. Like I’ll be offered terrace studio comped but I upgrade to a wraparound for $75/night.

 

Ah I see. If you're paying for the upgrade, you are paying the hotel that money directly and they are setting the upgrade price. So the casino is only on the hook for the cost of the room you were originally comped.

Most of the time when I can't get the Terrace Suite comped, I ask my host to price out the upgrade, she gets the price from the hotel, and I lock it in in advance. I've never changed my play level in those cases, and my offers stay the same.

 

Same here, I don’t change my play level. My current comp is based on what I played in the past. They’ll comp me more or less next time on my latest play. I haven’t noticed a change in comp when taking a paid upgrade but I’ve heard other state the contrary.