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MDawg
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November 4th, 2021 at 10:27:36 AM permalink
Loss rebate - the forms vary, but below is an example of one. Typically the reason for the discount is marked as "Player Retention."

Most anyone may obtain something like this if he is a regular player (especially with a high credit line) and knows what to ask for, but getting it mid trip is the trick - and requires negotiation up front. Most lower level hosts will say that mid trip concessions are not an option but - never say never. 👌 Also, higher % loss rebates are possible than the norm, again - with negotiation.

Obviously, one must lose, at least at that session, in order to get any concession. Also, at the time of the concession the loss must be paid in full.

Last edited by: MDawg on Nov 4, 2021
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MDawg
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November 27th, 2021 at 8:05:49 AM permalink
I've gotten to the level of where they are sending me stacks of the latest M1 16" MacBook Pros (the highest standard configurations, retail around $3299. each, anyone want to buy a MacBook Pro?), I also have two promos one this month one the next for $15,000. in Visa giftcards that upon receipt I'll just run again through my own credit card processing accounts, dividing them among three different processing accounts. Lots of miscellaneous gifts worth around a couple hundred a pop too that I am having shipped to friends and family. I also have stacks of promo chips from a different casino that I haven't had a chance to use yet, been accumulating them when they reach a sufficiently high amount will play with them all at once. All these coming from casinos where I have been winning, all based on theo loss play obviously. Cha'ching!
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MDawg
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December 2nd, 2021 at 12:31:36 AM permalink
Quote: MDawg

I also have two promos one this month one the next for $15,000. in Visa giftcards
All these coming from casinos where I have been winning, all based on theo loss play obviously.


If I can may hit a certain theo loss this month, and I may have hit it already for last month, the cards will be doubled to $30,000. for each month. That's sixty grand, which is not just a little promo, but real money.
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MDawg
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February 6th, 2022 at 10:30:03 AM permalink
These are the equivalent of promo chips at Caesars Ent properties. They have expiration dates on them, sometimes just a few days after issue.
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MDawg
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March 20th, 2022 at 10:56:56 PM permalink
There are three ways to get a casino restaurant meal comp'ed:

1. Use your "casino dollars," "comp points." etc. that have auto-accumulated from play onto your player card. I try to avoid doing this, in fact, I pretty much never do it using these accumulated points - I reserve these for purchase of tangible goods.

2. Assuming you are staying in house, charge it to the room, and have the host comp it off later (or, if you are at RFB status up front, the meal will be comp'ed off automatically along the way).

3. Have the host issue a "slip comp" for a fixed amount - while in the old days this was always a slip of paper, nowadays it might be transmitted electronically to the restaurant, possibly for print out at their end, or might be placed on your player card entirely electronically for use by the restaurant. (These slip comps are differentiated from accumulated dollars, points, etc. on your player card, mentioned in (1) above.)

However the restaurant meal is paid for, the comp will apply to the entire cost of the meal including tax. Tax is always added to the meal for dine in, but for take out orders, if the restaurant is owned by the casino, the tax will usually be forgiven meaning not even appear on the bill, or appear but be deducted from the check.

As with all comps, tips are not comp'able (this is true, as Colonel Hans Landa said in Inglourious Basterds, "999999 times out of a million," and not worth getting into the rare exceptions). If you get a slip comp, even if the value of the slip comp exceeds the meal, still it will never apply towards any tip.

More on slip comps:
If the cost of the meal exceeds the slip comp, you may contact your host to ask him to send more, or pay out of pocket for the excess. If the cost of the meal is less than the slip comp, the unused portion will go back to be credited towards your over all comp balance. (And again, this comp balance is not necessarily a hard and fast number like the dollars / points described in (1) above.)

When I take friends or family to comp'ed meals at casino restaurants, usually one member of the group, the Daddy Warbucks of the set, offers to pay for the entire tip, even if the tip at 18-20% comes to hundreds of dollars. When I take people out to comp'ed meals, I go prepared to pay for everything, but if someone offers to cover the tip, I don't object (I might offer to split the tip, but whenever someone has offered to pay the tip that person is always adamant about paying all of it). If no one offers to pay the tip, which never happens when I am with family but rarely might happen when I am with friends, I just pay it, I don't say a word - it comes down to being a gracious host - if you're going to throw a party, throw a party, don't charge admission at the door.

Now I, or we (my wife and I), have occasionally gone to dinner, for example at a casino restaurant where I do not play and have no comps of my own, with a player who has stated up front that he has a set comp from the host. In such situations, we will be conservative in what we order so that our portion of whatever is ordered comes below the total of the comp divided by however many of us there are - just myself, or two of us. So for example if the friend or acquaintance has a 500 comp, and there are 5 of us at the table, we will make sure we order less than 100 of food each, and at the end of the night, I'll offer to kick in a portion of the tip equal to the tip divided by all of us present minus the host - so say, a $100 tip is in order, and there were five of us at the table, I'd kick in 100 / (5-1) = $25. for myself and $25. for my wife, we'd toss in half of the tip, and expect the other two guests to do the same. This sort of thing dividing up the tip, I will do when we don't know everyone at the table well. If everyone at the table is friends or family, I might offer to pay the entire tip.

But again, when I am hosting, if no one offers to contribute to the tip I don't even pause to consider, I just peel off the tip, place it in the bill folio and close it.
Last edited by: MDawg on Mar 21, 2022
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AlanMendelson
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March 20th, 2022 at 11:45:01 PM permalink
I haven't played at Caesars Palace in 4+ years. Back then comp points were redeemable for free play. Can you still do that?

Going back 15+ years ago there was actual cashback but it was done away with.
MDawg
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March 21st, 2022 at 7:12:39 AM permalink
I achieved Caesars Seven Stars status very quickly, after just a few sessions, but I haven't used my points for anything yet - so I don't know the answer to your question, I will try to find out.
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MDawg
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March 21st, 2022 at 8:58:34 AM permalink
As far as tipping, when I recall this scene I think not so much about how Mr. Pink refused to tip, but about his comment
So's working at McDonald's,
but you don't feel the need to tip them.
They're servin' you food,
but society says...
"Don't tip these guys over here,
but tip these guys." That's B.S.



reason being, that nowadays at many fast food joints such as at the Cosmo, heck even at some of the convenience stores inside the Cosmo, there are buttons to tip. So you buy a banana or a package of naproxen from the convenience store clerk, and there is a button to tip him?
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MDawg
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March 22nd, 2022 at 10:19:51 PM permalink
MDawg refuses to be part of sock puppet created threads. I suspected what was going on there from the outset.
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MDawg
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April 24th, 2022 at 4:43:08 PM permalink
There are different categories of how casinos allow comps to accumulate:

Define comps as any sort of freebie in the casino - RFB, spa, events, tickets, promotions, free play etc. Rewards points are a sort of mechanical measurable increase in rising benefits. Rewards points are a form of comps. All rewards points are a form of comps but not all comps are [via] rewards points.

1. Some have overlap between their points accumulation for their rewards programs whereby both slots and table game players may accumulate points.

2. Some disallow table games players from earning rewards points.

3. Some put restrictions on rewards point accumulation by table game players.

No matter how a given casino allows or disallows certain types of players to accumulate rewards points, still comps are available to all players based on play and no player's comps are restricted by inability to earn rewards points.

(There is also, in some player clubs, something called tier points but whether these differ from rewards points depends on the casino.)


The fact of the matter is - if you play and are a player in good standing, whatever your casino game is, you will receive comps commensurate with your theoretical loss (around 35% at table games) or actual loss (10% at table games). No policies old or new are taking those comps away from you.
Last edited by: MDawg on Apr 24, 2022
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ChumpChange
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April 25th, 2022 at 2:27:39 AM permalink
So if I play for 12 hours at 50 hands an hour (full table of 0.5% HA Blackjack) at an average bet of $800, my total coin-in would be $480K, my HA would be $2.4K, and my 35% comp would be $840 or 1.05 bets. But don't casinos give me one base bet for a comp for every 4 hours of play so I'd get comped $2.4K over three 4 hour time periods? Seems I'd get 3X the comps for sitting at a full table and playing 3X as slow.

Now for losing outright: if I lost three $8,000 buy-ins in less than 12 hours, they'd comp me 10% of my loss, or $2.4K? So make sure the pit records the buy-ins & cash-outs, eh? How do you collect a comp on a loss? They won't tolerate ratholing chips in this case.
darkoz
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April 25th, 2022 at 6:01:11 AM permalink
Quote: MDawg

There are different categories of how casinos allow comps to accumulate:

Define comps as any sort of freebie in the casino - RFB, spa, events, tickets, promotions, free play etc. Rewards points are a sort of mechanical measurable increase in rising benefits. Rewards points are a form of comps. All rewards points are a form of comps but not all comps are [via] rewards points.

1. Some have overlap between their points accumulation for their rewards programs whereby both slots and table game players may accumulate points.

2. Some disallow table games players from earning rewards points.

3. Some put restrictions on rewards point accumulation by table game players.

No matter how a given casino allows or disallows certain types of players to accumulate rewards points, still comps are available to all players based on play and no player's comps are restricted by inability to earn rewards points.

(There is also, in some player clubs, something called tier points but whether these differ from rewards points depends on the casino.)


The fact of the matter is - if you play and are a player in good standing, whatever your casino game is, you will receive comps commensurate with your theoretical loss (around 35% at table games) or actual loss (10% at table games). No policies old or new are taking those comps away from you.
link to original post



So you are saying if you sat at a table game and gambled all day for 8 hours and we're actually up $500 with a theoretical loss of $10,000 you would be comped 35% of $10,000?

And if you went to follow up with a single wager around midnight, say a wager of $20,000 all in one shot hand, and lost that the pit boss would then switch you over from getting comped 35% to only 10%?
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MDawg
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April 25th, 2022 at 11:15:12 AM permalink
The pit bosses merely record the action. The hosts decide what comps to issue.

Absent an overriding understanding for a per session or per day loss rebate, at the end of the trip the host will issue comps in the way most favorable to the player - if 35% of theo comes out higher the player will get that, if 10% of actual loss comes out higher, the player will get that. In the scenario you describe above the -20K loss would still result in less comps than 35% of the 10K theo, so assuming that is end of trip the player would get 3500 in comps.

And by the way, theo percentage might be as high as 40%! but actual loss is stuck at 10% comps these days.

In a situation where a player moves around from resort to resort, would generally need to stay away anywhere from 3 - 7 days in order for the trip to not be rolled into the prior trip. There are situations where a player might want the trip to roll over (such as has earned a high theo and not used up all the comps), or a situation where he might not want the trip to roll over (such as, has no special loss rebate deal and has won a lot the prior trip and wants to start the clock over at 0 for purposes of any potential loss rebate). Yes, it may get complicated working the Perpetual Comp Machine to its highest and best use.

And that gets back what I have been saying this entire thread - that in order to ride high the way I have for months at a time in Vegas, it has to be based on theo. To get 30K or so worth of comps a month for months on end (our 2021 Vegas trip was of astronomical length) a person would have to dump millions - or, play steadily and not lose, the way I managed to stay ahead overall.
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darkoz
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April 25th, 2022 at 11:20:27 AM permalink
Quote: MDawg

The pit bosses merely record the action. The hosts decide what comps to issue.

Absent an overriding understanding for a per session or per day loss rebate, at the end of the trip the host will issue comps in the way most favorable to the player - if 35% of theo comes out higher the player will get that, if 10% of loss comes out higher, the player will get that. In the scenario you describe above the -20K loss would still result in less comps than 35% of the 10K theo, so assuming that is end of trip the player would get 3500 in comps.

In a situation where a player moves around from resort to resort, would generally need to stay away anywhere from 3 - 7 days in order for the trip to not be rolled into the prior trip. There are situations where a player might want the trip to roll over (such as has earned a high theo and not used up all the comps), or a situation where he might not want the trip to roll over (such as, has no special loss rebate deal and has won a lot the prior trip and wants to start the clock over at 0 for purposes of any potential loss rebate). Yes, it may get complicated working the Perpetual Comp Machine to its highest and best use.

And that gets back what I have been saying this entire thread - that in order to ride high the way I have for months at a time in Vegas, it has to be based on theo. To get 30K or so worth of comps a month for months on end (our 2021 Vegas trip was of astronomical length) a person would have to dump millions - or, play steadily and not lose, the way I did.
link to original post



I'm confused how getting less comps for a $20,000 loss than 35% of $10,000 Theo is a result of the host deciding what's better for the player.

Isn't that worse for the player. Who would want less comps because they lost money instead of winning money?
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MDawg
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April 25th, 2022 at 11:22:58 AM permalink
20K loss - you'd get 2000 in comps. 10K theo - you'd get 3500 in comps. Whichever is more favorable for the player at the end of the trip is what the host gives the player. So in that scenario, the host is going to give the player comps based on theo.

You might want to re-read what I wrote above you quoted it before I edited it to make it more clear.

In short, you really have to lose a lot versus playing steadily and building up theo, to get more comps from actual loss than from theo.
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MDawg
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January 10th, 2023 at 3:05:21 PM permalink
Does anyone here bet sports regularly at Vegas casinos? If so, what is the comp rate? I assume it must be calculated same as any other comp, but does anyone here have any actual experience in this, TODAY?
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