In a message dated 3/28/2003 3:02:35 PM Pacific Standard Time,
vpFREE@yahoogroups.com writes:
Date: Fri, 28 Mar 2003 18:11:53 -0000
From: "Nich" <mini_pard@yahoo.com>
Subject: Re: High roller comp ??....Everything I've read, as well as looking at host's computers, points
to it doesn't matter. They have the same theoretical win amount if u
play 5 for 10 hours or 50 for 1 hour. The advantage of playing 50
for 1 hour is u have more time for other things. The advantage of 5
for 10 hours is less of a swing in bankroll. So do what's best for
your bankroll and what you can emotionally handle.>I posted this on SHG.
>Does anyone know if all things being equal, for getting better
comps
>(rooms, food, shows, etc) is it better to play $10 a hand for 10
>hours or $5 a hand for 20 hours? The total coin in is the same in
>each case, but does higher bet average make the first player likely
>to get better comps? Or is coin in all that matters, so each would
>receive equal comps? Or does hours played get more consideration?
>Thanks. TomSki
The casinos/corporations where high-roller status is worth something
(MGM-Mirage, PPE, Venetian) normally have a 4-hr play/day requirement. If you
want RFB at Mirage, you had to run $60K/day through or $15K/hr which means $5
VP. Any higher denominations & you're wasting play (& money) on a game where
you're not likely to get much above break-even after adding up cashback,
promotions, etc. This level will also get you invites to most of the events
including some invitation-only events, show tickets at any MGM property and
the ability to occasionally bring in family & friends.
As daily play requirements get lower, efficient play demands that you play
lower denominations. For instance, Flamingo Laughlin (PPE) were sticklers on
the 4-hr/day requirement even though I'd given them plenty of coin-in on
50-play quarters. So on all subsequent visits, I played single-line quarters
for 4-hrs/day to cover room-only which lowered my coin-in from $20k/day to
$3k/day & ate elsewhere. No change in invitations. Yes, I've complained to
management several times over the years but nothing's changed at this
property.
That said, any reason to play higher-than-necessary denominations? Yeah, a
few:
--You want to be a snob/show off by playing in high limit & hope the huge
swings don't wipe you out. For ego-trippers.
--You want to achieve a higher status. At Venetian the normal card gets you
0.1% cashback, gold card gets you 0.15%. (Soon there will be a platinum card
which will have 0.2%, play may be in the order of 5000 pts/day--$250K.) This
higher status will include invitations to special events such as a $250K
drawing sent out to only 100 people--EV is $2500.
--You're participating in an event which is play-based. For instance, you're
on an MGM invite which awards you 1 drawing ticket for every 50 pts earned.
You've calculated the EV of the tickets & have been told that all pts earned
will also count toward a cruise promotion that's going on and a shopping
spree near year-end. Since you're planning to play for the cruise anyway, why
not put all the play for it in this drawing?
--You want to save time. Even though there is a daily #-of-hrs play
requirement, the higher-end casinos will waive it if you have obviously
exceeded the desired coin-in by a lot. For instance, 1 hr of $25 play at the
same speed is 25% more play than 4 hrs of $5 play. If they don't let you
slide on this, it's a casino you shouldn't be in anyway.
--You want to demonstrate capacity (bankroll) or lack of it (mental). Every
step up in denomination is another order of magnitude in bankroll
requirements. Every $ of play beyond what is needed for the desired level
should have a lower EV since it isn't going to get you any more in comps. Or
is it? Normally you want to try to play at the same level on each trip to
make the most efficient use of your play. But I have a couple of cases where
I played $75K on the first day of sign-up (no stay) then subsequent trips
were $30K-$50K trips unless there was a reason to play higher. In any case,
whenever my records are reviewed they always notice & comment on the peaks.
Now that times are tougher, I believe there is some loose correlation between
these peaks & invitations (with bouncebacks) from properties where I haven't
played in quite a while. Also, there is probably some loose correlation
between the suite & special-event offers which are occasionlly sent to
lower-level players to see if they can be encouraged to play "up".
[Non-text portions of this message have been removed]
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--- In vpFREE@yahoogroups.com, "TomSkiLV" <tomskilv@y...> wrote: