How much do you have to play?
Jun 28, 2002, 2:15 pm
#17
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Join Date: May 2000
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by hedoman:
Love reading threads pertaining to gambling. So much misinformation by so many. My guess is that QuietLion can give the most accurate response to any question on the subject, and he did. </font>
Love reading threads pertaining to gambling. So much misinformation by so many. My guess is that QuietLion can give the most accurate response to any question on the subject, and he did. </font>
d
Jun 28, 2002, 2:45 pm
#18
Join Date: Mar 2000
Location: Santa Cruz, CA USA
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I recently had a lengthly conversation with a host at Caesar's and here is the essence of the conversation. They track your play - whether it is slots, craps, bj or whatever. Each dollar you put into a machine is tabulated and the time you spend at a table is also tabulated and given a certain value.
They have a formula based on how much an average player will lose per dollar played in each venue. If the total expected loss for your trip (say, over 2 days) is under $500, you will get points and comped about 25% of your losses. If the total expected loss for each trip is over $500, you can expect to be comped about 40% of this "theoretical" loss.
However, if your loss is over the $500 theoretical, they use more generous numbers to comp you. For example, they will often use a flat $100/night/room instead of the actual room rate.
They have a formula based on how much an average player will lose per dollar played in each venue. If the total expected loss for your trip (say, over 2 days) is under $500, you will get points and comped about 25% of your losses. If the total expected loss for each trip is over $500, you can expect to be comped about 40% of this "theoretical" loss.
However, if your loss is over the $500 theoretical, they use more generous numbers to comp you. For example, they will often use a flat $100/night/room instead of the actual room rate.
Jun 28, 2002, 3:21 pm
#19
Moderator, Argentina and FlyerTalk Evangelist
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Some great information and tips, thanks to all.
May 31, 2003, 4:40 pm
#20
Join Date: Feb 2003
Location: ORD
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by MIKESILV:
If you play craps you can improve you rating by making opposing bets.
For example you can bet the a number say 6 comes or does not come at the same time by making bets on different areas of the board. ( in fact there is a strategy to actually win by doing the above but it requires a great deal of patience and the net winning overall is not likely to be large compared to the other table action)
Remember you rating is based on total action,
Mike </font>
If you play craps you can improve you rating by making opposing bets.
For example you can bet the a number say 6 comes or does not come at the same time by making bets on different areas of the board. ( in fact there is a strategy to actually win by doing the above but it requires a great deal of patience and the net winning overall is not likely to be large compared to the other table action)
Remember you rating is based on total action,
Mike </font>
Basic premise:
you make same amount bet each on "pass" and "don't pass" lines on the comeout roll.
After the point, put two bets of equal amount and "come" and "don't" come. Now you bet odds on the pass line and the come bets while still putting 2 more equal bets on the "come" and "don't come". You may be thinking: "... is this guy talking about?"
This is my strategy to "last" while I am in Vegas. This method allows you to win if the table is hot and you will not lose as much if the table is cold. The "pass line" and "don't pass" cancel each other out and you either win on your odds bet or you lose your odds bet. I know this is a very basic explanation so mail me if you have any further questions.I only gamble 4 hours a day at min $75 per roll(easy to do using my method without all of it being at risk). Sometimes as much as several thousand dollars on the table at any given point when the table is hot.
They comp my room and food. They comp shows in the hotel and pretty much everything that I charged to the room excluding tips. This is at a strip hotel. Although now I heard they are getting stingier with the comps to craps players now.
Jun 1, 2003, 4:06 pm
#21
Join Date: Jun 2000
Location: YYZ
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Don't know if they're hurting in LV, but last week, we got a card from Venetian offering us two or three room nights comped for anytime this year until Dec. 29, subject to availability, of course, and with holiday blackouts. Not just the usual "Sunday to Thursday only", but any day of the week. First time Venetian has offered us a comp room (usually offered us casino rate), and we'll probably take them up on their offer later this year, if the rooms are available when we want to go.
We enjoy playing there, but never have stayed at Venetian in the past, and we're certainly not "whales" (large minnows, perhaps), but we do play there on each of our trips, and I always play the the $25 tables for a few hours, while the Mrs. is busily feeding the slots.
Hope the rooms are available when we try to go, looking forward to trying out their new tower.
We enjoy playing there, but never have stayed at Venetian in the past, and we're certainly not "whales" (large minnows, perhaps), but we do play there on each of our trips, and I always play the the $25 tables for a few hours, while the Mrs. is busily feeding the slots.
Hope the rooms are available when we try to go, looking forward to trying out their new tower.
Jun 1, 2003, 8:26 pm
#23
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Think the Venetian had hurt themselves by being too stingy with comps and now they are trying to lure players back.
When they first opened I stayed there a few times mainly because my casino host at the LV Hilton had moved there and was trying to attract some of her regulars, she has since moved on to the Stadust.
Although they comped my room, they were very stingy with meals etc. I had gotten quite accustomed to wait in the short line at the Hilton to get seated for breakfast etc and Venetian only did that for "high rollers"
All rooms are bi-level suites and are very nice.
But two reasons I have not been back, first my luck there was not too great and secondly the sport-book was too small and as a horse-player it became a hassle to watch the races during football season.
mike
When they first opened I stayed there a few times mainly because my casino host at the LV Hilton had moved there and was trying to attract some of her regulars, she has since moved on to the Stadust.
Although they comped my room, they were very stingy with meals etc. I had gotten quite accustomed to wait in the short line at the Hilton to get seated for breakfast etc and Venetian only did that for "high rollers"
All rooms are bi-level suites and are very nice.
But two reasons I have not been back, first my luck there was not too great and secondly the sport-book was too small and as a horse-player it became a hassle to watch the races during football season.
mike
Jun 1, 2003, 9:11 pm
#24
Join Date: Jun 2000
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QL,
You mentioned that the Venetian doesn't like winners. Makes it more of a surprise why they comped us then, as I usually do well at the bj tables there, or else I wouldn't bother going back. Not really big numbers, but usually more than doubling my buy-in. I'll settle for that, even if they won't comp the meals.
Or has anything changed since our last trip to LV, last year?
bj-21.
You mentioned that the Venetian doesn't like winners. Makes it more of a surprise why they comped us then, as I usually do well at the bj tables there, or else I wouldn't bother going back. Not really big numbers, but usually more than doubling my buy-in. I'll settle for that, even if they won't comp the meals.
Or has anything changed since our last trip to LV, last year?
bj-21.
Jun 2, 2003, 2:08 am
#25
Join Date: May 2001
Location: (AA EXP)
Posts: 609
Remember, with the "free rooms" offers from Harrahs or Venetian, they are simply advances on your comp account. They won't comp anything further until you have played enough to cover the cost of your 'free' room. Haven't used a free offer from MGM/Mirage, but I am sure they are run the same way.
As a point of reference, 10 hours at $72/hand of blackjack got me 3 room nights, two Bellagio dinner buffets, two really crappy TI breakfast buffets and a couple pool drinks comped off. This was my first stay with Treasure Island, so there were no residual comps to be drawn off.
Harrahs probably has the best Marketing department for those in the 25-50/hand range. Don't know what that would equate to for slots/VP play. Eleven hours at $62/hand got three nights at the Rio, two Showgirls tickets, two dinner buffets (at the normal Rio buffet, not the seafood one) and a couple pool drinks comped off.
Hope this helps!
As a point of reference, 10 hours at $72/hand of blackjack got me 3 room nights, two Bellagio dinner buffets, two really crappy TI breakfast buffets and a couple pool drinks comped off. This was my first stay with Treasure Island, so there were no residual comps to be drawn off.
Harrahs probably has the best Marketing department for those in the 25-50/hand range. Don't know what that would equate to for slots/VP play. Eleven hours at $62/hand got three nights at the Rio, two Showgirls tickets, two dinner buffets (at the normal Rio buffet, not the seafood one) and a couple pool drinks comped off.
Hope this helps!
Jun 2, 2003, 10:13 am
#26
Original Member
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Location: Kirkland, WA
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by blackjack-21:
QL,
You mentioned that the Venetian doesn't like winners. Makes it more of a surprise why they comped us then, as I usually do well at the bj tables there, or else I wouldn't bother going back. Not really big numbers, but usually more than doubling my buy-in. I'll settle for that, even if they won't comp the meals.
Or has anything changed since our last trip to LV, last year?
bj-21.</font>
QL,
You mentioned that the Venetian doesn't like winners. Makes it more of a surprise why they comped us then, as I usually do well at the bj tables there, or else I wouldn't bother going back. Not really big numbers, but usually more than doubling my buy-in. I'll settle for that, even if they won't comp the meals.
Or has anything changed since our last trip to LV, last year?
bj-21.</font>
As for why they invited you back, as I said they have thrown the doors wide open in an attempt to generate business and fill up the rooms in the new tower. Enjoy it!
QL
Jun 2, 2003, 12:12 pm
#27
Join Date: Mar 2000
Location: Santa Cruz, CA USA
Programs: AA, UA, WN, HH, Marriott
Posts: 7,290
Since most of our play is at Tahoe, I can only give you information about how it works there - primarily at Caesar's.
Once you sign up and get a card, your play is tracked, whether it's slots, video poker, or table games. Everything is based on the "house advantage" and every game or machine you play is rated to the house advantage. They calculate a "theoretical" loss based on the amount you play and the house advantage.
If your theoretical is less than $500 for a given trip (2-3 days), they will comp you about 25% of your loss. If your theoretical is greater than $500 for a given trip, they will comp you 40% but in this case you have to go through a slot host.
We have found Vegas (Caesar's at least) to be somewhat more liberal than described above. We are pretty low rollers - our theoretical rarely runs above 700. They have repeatedly sent us offers with up-front comping of 2 nights in the Palace Tower plus $50-100 dining credit.
[This message has been edited by JerryFF (edited 06-02-2003).]
Once you sign up and get a card, your play is tracked, whether it's slots, video poker, or table games. Everything is based on the "house advantage" and every game or machine you play is rated to the house advantage. They calculate a "theoretical" loss based on the amount you play and the house advantage.
If your theoretical is less than $500 for a given trip (2-3 days), they will comp you about 25% of your loss. If your theoretical is greater than $500 for a given trip, they will comp you 40% but in this case you have to go through a slot host.
We have found Vegas (Caesar's at least) to be somewhat more liberal than described above. We are pretty low rollers - our theoretical rarely runs above 700. They have repeatedly sent us offers with up-front comping of 2 nights in the Palace Tower plus $50-100 dining credit.
[This message has been edited by JerryFF (edited 06-02-2003).]
Jun 2, 2003, 4:50 pm
#28
Join Date: Dec 2000
Location: Elgin, IL, U.S.A.
Posts: 912
Originally posted by Pam: "We were in Vegas a few weeks ago, stayed at Harrah's. Played at Venetian for a little while (I'm a VP player); went to the player's card booth to see what I had accumulated, and was told I had achieved "gold status". Got a fancy new card, and was told about the Gold Player's Lounge. I went in and looked around, but didn't talk to anybody in the lounge."
The lowest level at Harrah's is gold and it doesn't include lounge use. The lounge is for the Diamonds. You were lucky. If Harrah's Vegas is different, please let me know.
The lowest level at Harrah's is gold and it doesn't include lounge use. The lounge is for the Diamonds. You were lucky. If Harrah's Vegas is different, please let me know.
Jun 2, 2003, 4:59 pm
#29
Join Date: Dec 2000
Location: Elgin, IL, U.S.A.
Posts: 912
Originally posted by Pam: "We were in Vegas a few weeks ago, stayed at Harrah's. Played at Venetian for a little while (I'm a VP player); went to the player's card booth to see what I had accumulated, and was told I had achieved "gold status". Got a fancy new card, and was told about the Gold Player's Lounge. I went in and looked around, but didn't talk to anybody in the lounge."
The lowest level at Harrah's is gold and it doesn't include lounge use. The lounge is for the Diamonds. You were lucky. If Harrah's Vegas is different, please let me know.
The lowest level at Harrah's is gold and it doesn't include lounge use. The lounge is for the Diamonds. You were lucky. If Harrah's Vegas is different, please let me know.
Jun 2, 2003, 9:57 pm
#30
Join Date: Jul 2001
Location: DTW
Programs: Dirt Status w/ All
Posts: 5,040
Last year when booking my stay for the Flamingo I called the casino number to see what the rate was. My casino rate was $10 a night HIGHER than the website rate. I guess I did not gamble enough the previous year.
This year I stopped by the booth the day I was checking out and had about $50 in comps for both VP and table play. They gave me a voucher for checkout and took it off my bill. They did tell me that points expire - I think after 14 months. Make sure use what you can if you will not be back in that timeframe.
This year I stopped by the booth the day I was checking out and had about $50 in comps for both VP and table play. They gave me a voucher for checkout and took it off my bill. They did tell me that points expire - I think after 14 months. Make sure use what you can if you will not be back in that timeframe.
