Las Vegas Perks Work How?
 

My partner promised me we can do LV for less than I think because by joining clubs as players (?) youre issued perks which save you on your bill and offer free meals. The catch is you have to gamble some each day, but it doesnt matter if you lose because you get offsetting perks. This sounds great, but to be honest Im a little dubious. Anybody with experience in this, if so, specifics and details, please. He says they want him to order this afternoon.

Hi,

It works something like this;

Be prepared to lose a lot of money ( by gambling for several hours a day on tables or high slot machines) and then you get something a lot less ( ie a free buffet) or if you really gamble maybe even a free room) (smile)

If oyu are gambling just to get some free perks then it is a probable waste of time ( as you can get things cheaper by just paying for them).

However you may get offers through the mail for reduced room rates in the future.

I think the Paris Park Place Connection Card ( Paris LV) gives you a small discount on charges chared to your room ( 3% i think)even if you do not gamble much.

Hope this helps

Regards

TBS

You get a "players card" from whatever casino you play at. You put in in teh slot machine or hand it to the pit boss. They keep track of how much you bet for how long. They calculate your "expected loss" based on the probability. They give you back about 30-40% of the expected loss in comps (dinner, cash, whatever). For most major strip hotels (i.e. Caesars, Mirage, MGM, etc) you must bet a minimum of $25 per hand at any table, all slot play is tracked. So let's say you play blackjack for 4 hours and the expected loss is 2% and you play the minimum $25/hand to be rated. They consider it to be 60 hands per hour so that's 60 hands x 4 hours x $25 bet x 2% house edge means you'll loose (on average) $120. They'll rate you for around $40 in comps.

Unless you normally bet this much and have a banroll that can support massive swings, DON'T PLAY FOR COMPS. Play blackjack for $5 a hand, stick $40 in your pocket for the buffet and you'll come out ahead. If you're going to bet $100 a hand anyway, then by all means get rated and at least get something out of it.

We were at Ballys last week. Anything you charge to your room in any of the Park Place hotels counts toward comps & earns you cash back. In addition, when you show your Park Place players card in the shops & restaurants, you receive a 10% discount.

Playing for comps is dangerous. The "Free" Buffet can quickly turn into the $400 Buffet because you've "played" your $400 into nothing, but you've now get the "free" buffet. If you want to have a good time in Vegas and you're not a "gambler" don't gamble simply to get a free meal, room, etc. If you're going to gamble, than utilize the various players clubs and do research before you get out there. Check out lvol.com for some info. But DO NOT GAMBLE TO GET COMPS.... GET COMPS BECAUSE YOU WANT TO GAMBLE

Loki and Sparky have nicely outlined the system.

I always chuckle at people who think they're getting something for nothing with their comps.
Like Banking Scot said, overall it's much cheaper to simply pay for what you want than to gamble to try to get comps.
Now if someone is going to gamble regardless, then the comps are a bonus.

But never gamble for the express purpose of getting comps.
That's a waste of both time AND money.

Just remember, the longer you gamble, the more the odds favor the casino--and that is exactly what they want in giving the "comps." The whole objective of the casino is to keep you at the tables as long as possible. You are falling into the trap of saying I'll gamble a bit longer to earn that comp, and in doing so, you certainly get your free lunch, and end up losing a bundle doing it.