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Put more in... Where's my comps

Discussion in 'M life - MGM' started by thirdwill, Nov 23, 2021.

  1. thirdwill

    thirdwill Member

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    I went to Vegas, solo, in October 2021. It makes it about a year now since I started using Vegas as my getaway from work spot. Yeah I stopped running marathons to do something different :)

    Anyways started Vegas going to Ceasar's property and have now switched to MGM or Mlife property. I have sense started to receive good comp stays and a bit in food credit and Free Play.

    In October I figured I would step it up a bit and gamble with about 1000 staying at a comp room at The Excalibur, I only play slots, and get my level etc up. I did advance a level to Pearl but my FreePlay and Resort Credit went down at all the propertys except The Excalibur and The Luxor.

    I thought I would try a trick and bet low and stay longer up to an hour on the slots at the EX and then later on my bets went up a bit.

    Anyone know why the horrible downfall on comps? I've been told be peeps on FB to wait but its the end of November and I don't see anything.
     
    MNSlotLover likes this.
  2. Goldenknight

    Goldenknight Palladium

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    Generally your first offer is the best, it's the 'teaser' offer, the one that gets you to return to their property. Even playing more on subsequent trips won't yeild the same offers unfortunately.
     
  3. thirdwill

    thirdwill Member

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    So when I was given the 50 bucks in FP and 100 in RC at pretty much all Mlife and now only get it at 2 lower class ones.... was just a teaser?
     
    sparkydog likes this.
  4. aprilroncincy

    aprilroncincy Palladium

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    You should receive better offers at more of their properties after you reach Gold level.
     
    thirdwill likes this.
  5. thirdwill

    thirdwill Member

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    Ok... but my question is why did the offers go down? Was it like GK said... was it just a teaser?
     
    aprilroncincy likes this.
  6. Goldenknight

    Goldenknight Palladium

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    Sounds like that's the case to me. I can't say with certainty, but it sounds highly likely.

    Also last year Vegas was hurting for visitors and a lot of places were giving out much more generous offers than usual. Now that the US is officially open to most if not all international travel they can probably offer less since demand is much higher now
     
  7. aprilroncincy

    aprilroncincy Palladium

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    I wish I could answer, but I don’t know enough about how Theo is calculated. Our corporate offers at MLife stay the same throughout the year, but we go at least 6 trips/year.

    Maybe [mention]Chuck [/mention]has an idea, if he’s available….
     
    MNSlotLover likes this.
  8. Grid!

    Grid! Gold

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    So many things we don't know, that would help us answer your question.

    The most likely reasons for your comp going down are:

    Mlife was looking for players, and you got a teaser offer. Once you booked, and they saw your actual rated play, your offers are now inline to match what you are now seeing.

    Or even, the fact that your most recent play was just a few weeks ago, and the offer you booked was your offer for "Winter", and you just used that up. And thats why there is nothing but the free rooms showing. And the fact you see offers Excal and Luxor for free play and resort credit, is because those are direct offers, and not just corporate offers, as I assume you did most of your play at those 2 places.

    You say you took them up on a comp, but for how many days? You "upped" your play to $1,000 on the slots. I assume this is cash on hand, and not coin in. How did you do? Did you grind that $1K through a lot? Did variance kick you in the butt, and you didn't play through it a lot, and thus now show a lower coin in than expected?

    How many days did you stay stay comped with them? Just some examples of what will drive your offers.

    If you ran $1K through the slots, and did so in one night of staying with them, AND played with expected variance (80%) you should have ran $5K through the slot machines (20% hold) in a 1 night, 2 day "trip". Being as you stayed with them, normally they would view this as 2 days, and that cuts your comp value in half.

    The casino should return a third of your expected theoretical losses, in the way of comps. That would be the math above, broken out backwards, to where your expected loss was the $1K, and your comp value is $333.

    From that, if they offered you 3 free nights, at a rack rate value for Excal or Luxor of $110 per night, that room alone ate up all of your comp value.

    And if you did the $1K of gambling money over 3 nights (4 days) that really cuts into your comp value.

    Also, we like to argue time on device around here for comp value. But your trick of of betting low, to gamble longer, might work against you. As the main driver for your comps is just coin in, IE the money driven through a machine. And when you bet higher, those wins (on average) are a multiplier of your bet. That is to say, betting $1.00 and winning $10 is a 10X win. If you max bet at $2.50 on the same machine, the same line hit would be $25.00. And that becomes more money that you could cycle through.

    Plus, if they looked at average bet for your comps. A player playing $2.50 per spin should be valued higher than a player playing $0.50, even if the $0.50 player got to play 5 times as long.
     
  9. Chuck

    Chuck Platinum
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    With what little detail you provided, the most likely explanation based on you saying you "step it up" to 1000 is what other people have already said - your first round of offers from MLife were teasers that were way over the level you played at, and the offers you're getting now are more accurately reflective of your play.

    Since we don't really know what you mean by "1000," you can use this guide from lowest value to highest. This would refer to play level on an ongoing basis.:
    • $1,000 total coin-in spread over multiple nights is nothing, not really comp-worthy, except if it is your first time playing as a new member of a players club
    • $1,000 coin-in a day is low, basically too low to get comps anywhere except the bottom couple of CET or MGM properties on cheap nights
    • A $1,000 total bankroll (ie. amount you're willing to lose) spread over 3 or 4 nights (ie. a $250 - $333 loss limit per night) sounds like about where you are
    • A $1,000 a day bankroll is plenty healthy and will get you comps anywhere on the strip
    If you log into your MLife account and find your W/L statement and coin-in numbers for your October Excal stay and tell us how many nights you stayed, we can probably confirm what the situation is.
     
    #9 Chuck, Nov 26, 2021 at 8:40 AM
    Last edited: Nov 30, 2021 at 11:17 PM
    Grid!, 4Vegas and aprilroncincy like this.
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