This should be required viewing. (a great FAQ video with a casino host)

Stumbled into this one. This is obviously MGM-centric. A lot of great MGM nuggets in there. Thus, very useful for at least 40% of VMB. The general advice provided by this host is solid on its own regardless of casino/company.



This kind of information is too good to miss.

 

One of the better videos with advice for what a host can (and cannot) do.

 

One thing I didn't understand from their discussion was this:
Shannon: What are you shooting for theo?
Tara: At least for NYNY, it's usually 1500 a day. Cuz that's what covers your room comp.

Is this TC or theo? Because if theo, $1500 a day of theo is $450 a day of comp value, which seems pretty high for a NYNY room. But 1500 TC is only $187.5 theo, which is no more than $62.70 of comp value, which seems a bit low for the room (though it would make sense if the comp value is significantly discounted vs retail).

 

I caught that, too. I lean toward that meaning TC and that it would be a weekday casino rate.

 

Interesting.

Would be awesome if we could find a few hosts that would join here (without giving out their employment). The stuff they could share would be awesome.

 

Interesting . I could see her confusing a lot of people with her time on machine comments. Someone with 10 hours and $10,000 Theo is not being comped the same as 10 hours and $1,000 Theo.

 

This is funny. I told her last night she’s famous now!

 

I did enjoy the dancing around the fact that more time = more chance for house edge to come into play. Until Shannon just explicitly said that towards the end that is

 

Yes.. what I think she meant was if you have $10000 dollars it's better to play it over several hours than say doing 10 spins at $1k each in just a few seconds (or one hand of BJ like her example) . Came across like she was saying bet amounts don't matter and only time played does.

 

What I've always wondered is whether time on a single machine is different than time added up across a single gaming day, regardless of machine.
I'm a machine hopper and I don't know if that's good or bad from a theo perspective.

 

Re time on machine, did she say there's a target # of hours? Maybe I missed it.

 

This may explain why my Freeplay and Resort Credit offers are so generous -- if I find a machine that gives me play, I'll stay on it for a long time.

 

this video was pushed to me by algorithm last week and my first thought was ...
the host lady could use some theo calculation lessons from @ColoVegPlayer the theo sherpa instead of reacting like it's some magic

 

Certainly worth watching.
Thanks for sharing

 

I'd imagine "time on machine" does help average out Theo.
Wouldn't be surprised if there's a "fudge factor"applied to Theo calcs for less than 4 hours or whatever.

M.

 

IMHO. She isn't making it clearer with her comments. 4 hours at $5-10 isn't going to get more than 90 minutes at $250. She's basically saying its better to be bankrolled properly so you can get enough play to build theo. One would think a host at MGM would know its 8 tier points = $1 theo too. Offers are also purely theo based and ToD doesn't matter for those. Its only how much they can backend comp you. From my understanding they are looking for at least 4 hours play/day to give you max backend. 4, 10, 24 doesn't matter as long as you hit 4.

 

around 23 minute mark is interesting. Seems like if you hit whatever magic hours they want their comp ability moves up from 10-20% of theo to 30-35% of theo.

 

I believe she was implying they could comp 10%-20%(hah, 20% if you're in 6 digits maybe) of actual losses vs 30%-35% of theoretical losses. While, I think 30%-35% is a bit of a stretch for MGM that range is where ToD comes into play. Lets just say they can do 20%-30% of theoretical for backend comps. A person playing just 2 hours might get 20%, but a person who plays 4+ hours can get 30%. Historically, its been 4 hours a day was that magic number.

 

Ahh, makes sense, was a little confusing how she phrased it.

 

Yep, and that also kind of unintentionally undermined her trying to suggest that time on machine and longer term theo are all-important. 10-20% based on absolute win-loss isn’t the best but it’s damn well good enough for a lot of people who wanna hit and run with big bets vs comparative grinding with lower ones.