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Food and Bev Credit or Freeplay

Discussion in 'Misc. Vegas Chat' started by LVRaiders, May 14, 2019.

  1. LVRaiders

    LVRaiders Tourist

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    My uncle has the Vegas bug and after signing up for MLife last year has been 3 times already. He and my Aunt are heading back the first week of September (after Labor Day but before NFL kickoff), and he has a few offers via MLife. Where he is stuck is whether he should choose the higher FB credit offer vs the higher Freeplay.

    He is a table game guy, whereas my Aunt can sit and play slots with her daily allowance until she runs out of money haha. She prefers the nicer places to eat, whereas my Uncle doesn't each much at home, let alone Vegas.
     
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  2. C0usineddie

    C0usineddie VIP Whale

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    You have to eat. I had my first ever food comps last visit and I made sure i used it all, it was fun to do. Ate at places i normally I would not have and loved it.
     
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  3. notfromconcentrate

    notfromconcentrate High-rolling diner. Low-rolling gambler.

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    I think that the key consideration here is that F&B credit is basically cash money, whereas free play is just "subsidized losses".

    If I have $100 F&B credit, and I'll spend $250 on food and drinks over the course of my stay, I'll then only pay $150, thus keeping the $100 I would have spent in my pocket/bankroll. The only way you'll get less than $100 worth of cash value out of this credit is if you spend less than $100 on food and beverage at the participating outlets.

    If I have $100 free play, and I lose it playing slots... then sure, that's money I technically would have "spent" anyway. But it's usually subject to restrictions (i.e. can only be used on certain machines), and it takes away from your actual play rating (since you won't generate points/theo on free play, so it won't "count" towards points or offers). You're actually mathematically certain to get less than $100 worth of cash value out of this free play, since you can only realize the value from gambling with it, which puts you at an automatic disadvantage.

    Since I'm a far more ambitious eater/drinker than a gambler, I'm naturally biased to choose the F&B credit over the free play. With that in mind, I would have absolutely zero trouble using up any allocation of F&B credit that I could possibly have access to. However, if your tastes are simpler and you're likely to leave a portion of your F&B credit unused, it makes a stronger case for the free play.

    That's where I'd draw the line in the sand, anyway.
     
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  4. nostresshere

    nostresshere Mr. Anti Debit Card

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    NOPE

    They are the same.

    $100 into slot machine will cost you exactly the same as $100 if food.

    Okay - slight variance. Some people do not think of FP as real money and just play it without thinking or care.

    And, of course, free food does not get taxed. Then again, some think it is free and order more expensive stuff, or more drinks.


    Still, in the end, $100 of food cost the same as $100 of slot play. $100
     
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  5. Basil

    Basil VIP Whale

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    One other consideration not mentioned: location choices. either way, you will be tied to a set of locations to use your FP or F&B. With F&B you will be "limited" to restaurants on Mlife properties to use it: and yes, that's still 100+ restaurants (I'd imagine, I haven't actually counted), with some excellent options. But for me, I like to hop around and try some of the new and interesting spots (many of which are at Cosmo). With my F&B comp being a significant percentage of my food spend on a trip, I will make specific choices of restaurants based on that. This may or may not be a big deal in your aunt's/uncle's minds, but worth asking the question.

    The same can be said for Freeplay, but again, for me, I already know that I'm going to have that much play in MLife casinos, so there's no conscious choice to be made as that is where the majority of my gaming goes. Also, the freeplay is not nearly as significant an amount of my coin in when compared to how much of my food spend is represented by my F&B comp. If the freeplay amount is a more significant % of coin in for them, then these location limits become more important in the consideration.

    One point of clarity, since only the first bet from the Freeplay money is limited, I do think of it as a % of coin in, not a % of gaming budget, which is a more significant number. However, once I've cycled through the freeplay once, I can then cash out and spend it wherever I like, so I feel that % of coin in is the more appropriate consideration.
     
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  6. subafrk

    subafrk Longing to be sipping a Scotch at the Cromwell...

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    I always take free play over resort credit. However, I'm a very basic eater and have probably survived off of pizza on more Vegas trips than I care to admit. Also, I charge every meal to the room and it generally gets comped off of the back end anyways. I've gotten pretty lucky on free play in the past and the gambler in me says "Free money to gamble with? Where do I sign up?!"
     
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  7. vegasqc

    vegasqc VIP Whale

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    I always go with the free play at least i have a chance to turn it into a decent win, the money i spend for the meal is a pure loss
     
  8. Multifarious5

    Multifarious5 VIP Whale

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    I am the slots person (hubs doesn't play anything. Literally.) but I always prefer higher RC/FB.

    BUT

    a) I set my own budget, it's my money, and hubs is happy with my getting comps. If someone watched my gaming budget, I'd pick more FP. :whistle:

    b) I absolutely see FP like real cash, but I still somehow go through it quicker. Sheer. Raw. Talent. :D

    I do agree with @nostresshere , it's the same value, just depends on what you prefer to apply it to! Have a great trip!
     
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  9. IWannaBeInVegas

    IWannaBeInVegas VIP Whale

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    I would take the resort credit. Last trip I started with $50 in credit but due to issues at the hotel (can be found in my report) I ended up with nearly $500 in resort credit (I only was aware of $150 until 2 days before check out) and then I went and had some GOOD expensive meals. With Free Play, it has to be used on slots, I don't like slots and tend to never win on them when I play. They say a way to a mans heart is through his stomach and I like free food.
     
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  10. Flowers

    Flowers VIP Whale

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    I'd take free play, especially as there's a chance they could get food comped on the back end, particularly given that your Aunt plays slots.
     
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  11. Chuck2009x

    Chuck2009x VIP Whale

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    I'd rather have more freeplay. I don't do a ton of charging meals to the room anyway, but I'd say most of the time I have RC, if I don't use it all in the first transaction, I have to make a call to get the rest of it posted. Last time I was at PH, I called room service and asked them to "send me enough beers to go one beer over $50" to make sure I used it all in one shot.

    Plus, when was the last time you got a handpay from eating a burger?
     
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  12. topcard

    topcard Older than the Stardust!

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    As I don't play slots or VP, I'd take the F&B in a heartbeat.
    However, if they were to give me "free-table-play" - (not "match-play") -, and it was not limited to "even money bets only", I'd jump on that instead!
     
  13. nostresshere

    nostresshere Mr. Anti Debit Card

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    Best response ever!
     
  14. nhcris

    nhcris VIP Whale

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    I used to always take the free play, but I have been leaning towards resort credit/food credit lately. My new goal is to return home with a zero balance on my credit card, and the food credit can be helpful towards that end. When I am staying somewhere that I know I will probably get everything comped on the backend, then I go with the free play. When I have free play, I try to turn it to cash either paying video poker or something with low volatility.
     
  15. sinnerman

    sinnerman Low-Roller

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    Personally, I prefer Food / Beverage to FP. I know that logically speaking,they are the exact same thing. The reason I prefer RC/FB is because I treat FP like free money. I run through it fast. But I am a lot more careful with my 'real' money when I am gambling. However, food is food. SO I usually take FB/RC if I have a choice, at least until the point where I feel I wont need anymore food for my trip at which point, I look for free play.
     
  16. Geogran

    Geogran gamblin grandma

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    Higher FP every time for me. Sounds like a good deal for your Aunt too so she can play slots longer :D
     
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  17. Grid

    Grid VIP Whale

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    Same here! Grind it out on Video Poker, then use their own money to start earning points with what I won. It also makes me look like a bigger player. If I have $500 in free play, I might convert that down to $450 "real" money with a 10% loss in the cycle. If the same 10% holds up, I might be able to run another $4500 through the machines until its gone. Thats nearly $5K of coin in, that I did on their money, that I'm being rated on.

    That just doesn't happen as a meal credit at the buffet.
     
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  18. nostresshere

    nostresshere Mr. Anti Debit Card

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    I tend to agree that using it as FP makes it disappear faster. Using it for food for some folks would mean you are watching the spend and trying to use it up, but not blow it.

    In my case, I still have $400 in Express Comps that I need to use up and with $300 in F/B on next trip... it might be hard. We do not often do real expensive meals. Heck, we have done dinner at Paris or Harrahs Diamond Lounge more than once.
     
  19. Chuck2009x

    Chuck2009x VIP Whale

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    Yeah, that's the other reason. I hardly ever use the cash-equivalent comps I've built up as it is. I have a hard time even using up RCs from an offer. I don't need more of them.