Thursday, November 9, 2023

It's the end of the Comp as we Know it. (And I'm not Fine)

 In October this year Mrs. TPM and I visited Las Vegas for our "Birthday" trip.  It was technically the week before both of our birthdays (She, Oct 30th. Me Halloween) but we always time it like this because it's easier for me to take off of work during that week.

And, for the first time in about 5 years, we actually set foot on the Las Vegas Strip.

The occasion was a Vegas Golden Knights game. Our birthday gift to each other.  We were staying at Silverton (more on that in a later post) so we took an Uber down to Mandalay Bay, and walked down to NY/NY Casino where we sat at the center bar to allow me to play a little VP prior to the pre-game.


Shock #1:  Even when playing video Poker, you cannot get a Tito's and Soda comped.

Some context here:  I was playing Triple Play, Double Super Times Pay at the Quarter level. That's $5.25 per bet.  As I was reminded, on my last moments on Twitter (X, whatever) that's still a "low roller bet". Yes, it is. I've never stated that I was a high-roller, nor am I making that case here. What I was saying was that I had never had "that" particular alcohol denied at "that" particular bet level. Hell, I've never been denied Tito's and Soda at $1.25/hand.

There's a reason that the Strip has been a no-fly zone for me for quite a while now. Going back to it I was reminded why I did not miss it at all.


Shock #2: $16 bucks for said Tito's and Soda

The second argument made to me was that Tito's was a "premium liquor".


Uh, no. It's most certainly not. If you think it is then you know remarkably little about actual, premium liquor. Tito's is a GOOD vodka at a relatively low price point. A "Premium" Vodka would be Chopin, or Belevedere. (Grey Goose (I guess) which is more marketing and hype than actual quality. Tito's is a much better vodka to be perfectly honest.)

And $16 for a Tito's and Soda is close enough to price gouging as makes no difference.  You can almost buy an entire bottle (750ml) for that amount. Go ahead, look it up.  I'll wait.


Shock #3: Given the prices they charge, the Strip casinos are remarkably shabby.

Dirty, in disrepair in places. Whatever they're using the money for in those now it's not maintenance folks.


When you add this to the news, from these folks that MGM is no longer allowing for redemption of MyVegas (Konami) free play when staying in a comped room, it all adds up to the realization that gambling comps, are the first on the firing line for Strip casinos.


Free play and free drinks are what made gambling in Vegas a greater value proposition than gambling at a locals casino for some. You can debate the pros/cons/worthiness of Comp (or VooDoo) match to your hearts content, at the end of the day saving $100-$200 on food, around $1,000 on a room and receiving $200-$300 in free play, is money that I would not otherwise be able to dedicate to gaming, shows, entertainment or other expenditures.

Yes, you can still receive comped rooms fairly easily through MGM and Caesars, provided you're willing to pay their resort fee, and a pittance in "resort credit" but if you're looking for free play or other gaming related comps the value is no longer there. And it's going to get worse.

The issue with a LOT of the Vegas vloggers and bloggers and Twitter (X, whatever) experts these days is that, despite calling themselves degenerates, none of them are actually GAMBLERS. "What's the difference?" you ask. Well, I'll tell you.  Degenerates hop up on a penny slot and press the heck out of that button, often blowing through money, going to the ATM and then blowing through that.

Gamblers have worked on gaming in an effort to try and get better. There is a strategy to Video Poker that you can learn, there is advanced strategy (above and beyond the basic strategy cards the casinos will sell you) in blackjack. And I'm not referring to card counting. There are people who have played Baccarat for years and can cut up a shoe no matter what the trend is. There is even some, limited, strategy and technique to dice throwing (setting, proper bounce off the wall) that can slightly improve your odds at Craps*. There is no strategy that can help you win at slots.

Even as someone who considers themselves a gambler (not a professional, but a gambler, I admit to just sitting down at a slot and hitting the button on occasion. I'm a sucker for Dancing Drums, I'm a sucker for Piggy Bankin' etc. Some times it's just fun to sit down at a machine, press a button, and laugh at the music and graphics for a bit. To root hard when you get a bonus, or when you tip the lid of the pot, that you're timing was right and you got something good. This is usually after a frustrating session of video poker where you were on a machine with a good pay-table (none of those on the Strip either FWIW) had played perfect strategy for an hour or so, and drew absolutely the cards you didn't need every time. For me, the slots are a sometimes much needed mental break.


Look, I'm not saying that you should not go to the Las Vegas Strip. If you want the fancy bars, the celebrity restaurants, the night-clubs, the party-pools and the illusion of luxury, and aren't worried about paying for it, then the Las Vegas Strip is going to be your place. If you want to party and party and spend money and gain card status off of that spend then the Strip is still probably OK for you.

But if you want to GAMBLE. I mean really GAMBLE to the level that you have a host at several places, are getting decent comps, resort credits and free-play based off of that gamble then the Strip is certainly no longer for you.

Las Vegas is the Entertainment Capitol of the World. What it is no longer is the Gambling Capitol of the World and I don't think they have much of a prayer of regaining that title.






















*Note: There is a LOT of disagreement as to whether dice setting or throwing the dice properly to where they barely bounce off the wall works, there are proponents on both sides.

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