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moo321 said:
"I don't know what you're basing this broad generalization on, but I have confirmed probably 10 casinos where it is absolutely not true.
As a broad generalization, it may be generally true. However, I don't care about generalizations. An AP that uses comps should thoroughly understand the comp system at every casino, and understand that they are different.
I recently had a host tell me "if you had bought in for X dollars, I could have comped the suite, but with your Z buy-in, we can comp a room." No mention of bet size."
No, it is not a generalization. Casino comp systems are not different
in any substantive way between different properties. My statement is
based on decades of experience in dealing with casino hosts at all levels.
Your host is a standard casino bloodsucker who want you to increase your action.
He cares not at all about your rating. He cares a lot about how much action you
generate, and for most players, the more they have in front of them the more
they bet. Why is this the case ? Because a host earns his money based upon
the TOTAL action generated by "his players". Sorry to burst your bubble. Developing
a healthy level of cynicism when dealing with people who are dedicated to separating
you from your money is something that we all do well to cultivate.
Casino Hosts are big earners, with some earning ¼ million bux a year or more.
Most make perhaps ½ of that. Small casino hosts may earn as little as $50,000
per annum. They receive a % of all of their player's "theoretical" that is
derived as in the comp formula itself. e.g. John Doe, over the year, had
total bets of X dollars and he played mostly baccarat (bank only); so his
"theoretical" loss is 1% of every dollar wagered. Each casino decides what
fraction of that figure goes to the host; but it is how hosts get compensated.
They care not if you win or lose, but they care mightily that you keep
generating "action"; and in service of that goal, they are quick to offer their
better "producers", (as 'whales' are referred to by hosts), tasty incentives
to keep returning to the casino.
In all likelihood, I have been dealing with casino hosts since before you were born,
unless you were born in the 1970's that is. I know of what I speak. I do not have an
"Axe to Grind". It is your choice as to who to believe.
Aces & Faces to ya'