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How do low stakes poker players even afford hotels in vegas anymore? How do low stakes poker players even afford hotels in vegas anymore?

12-14-2015 , 10:31 PM
Rooms have gone up in price so low limit players (1/2nl - 2/5nl) will have to adjust and find other ways to save. I recently came back from vegas and made it a point to significantly reduce the amount that I spent on cabs. I also made sure to use up all my comp dollars towards meals. After 8 hour sessions, I'd always tip the floor manager and ask if there was anything he could do for a buffet comp and nearly every time they hooked me up.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-15-2015 , 03:32 PM
seems strip casinos are like $28 minimum resort fee now/night (plus the room charge)... sucks.. used to stay at imperial palace for $20/night no resort fee, one time i stayed there for $16 a night
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-15-2015 , 04:53 PM
I don't think the resort fees for these places are being discussed enough. Being able to charge $20-29 on top of the hotel rate seems downright criminal. In 2012-2013 I stayed at the IP/quad for the majority of the series and it was the perfect location and moderately priced. There would be nights where I'd pay $15-20 all the up to $80-100. In 2013 they started charging a $5 dollar resort fee, which seemed reasonable enough. But I would have to think these $20+ have to be turning some people away. I understand they don't want to give away rooms anymore, especially to low stakes poker players, but you'd think they'd want to keep them cheap enough to keep casual gamblers on moderate budgets coming back. After all, the more people that come, the more money they'll make. Comes off as greedy and shortsighted.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-15-2015 , 07:19 PM
Quote:
Originally Posted by thetank44
I don't think the resort fees for these places are being discussed enough. Being able to charge $20-29 on top of the hotel rate seems downright criminal. In 2012-2013 I stayed at the IP/quad for the majority of the series and it was the perfect location and moderately priced. There would be nights where I'd pay $15-20 all the up to $80-100. In 2013 they started charging a $5 dollar resort fee, which seemed reasonable enough. But I would have to think these $20+ have to be turning some people away. I understand they don't want to give away rooms anymore, especially to low stakes poker players, but you'd think they'd want to keep them cheap enough to keep casual gamblers on moderate budgets coming back. After all, the more people that come, the more money they'll make. Comes off as greedy and shortsighted.

Those are exactly the people they are trying to price out. They would prefer to sell those rooms to people of a higher economic strata, and it is working. Hotel occupancy rates are doing just fine.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-15-2015 , 07:37 PM
Quote:
Originally Posted by thetank44
Comes off as greedy and shortsighted.
You realize that these are all for-profit companies, right? That their stated purpose is to be greedy?

And that nearly every company owning Strip casinos are in trouble financially?
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-15-2015 , 11:24 PM
I got a two night comp that I have to use by the end of the year at LUXOR. But I was told I m responsible for the resort fee which is $29 a night.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-15-2015 , 11:55 PM
Quote:
Originally Posted by fuxxnuts
$15 is an average winning player. $23-27/hr is crushing.
99.9% of players, including ^, do not win at these rates.

It never ceases to amaze me the level of delusional posters around here.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 12:30 AM
It's cyclical. Vegas is currently a hotel based economy that makes some money on lifestyle things. Shopping. Partying. And yes, gambling.

When people can afford to travel, hotels make money. Back in 08-10 when the economy was **** and nobody was traveling the hotels needed to give away more discounted rooms. Now that people have more of a budget to travel, and Vegas has become a great international travel destination, you find less and less availability of cheap lodging. Just basic economics.

So rent or bring a car. Stay at an Airbnb. Eat groceries. You can get in for 7 or 800 a month still. Then wait for the next slow period.

Supporting legislation to mandate resort fees are included in mass ticketing sites helps as well. The airlines used to do the same thing with ticketing.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 01:55 AM
Currently trying to book and

We need another GFC.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 03:36 AM
GFC???
GiFt Card?
GirlFriendCondo?
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 03:58 AM
General Financial Crisis?
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 04:27 AM
Heading zo Vegas. Anf staying. At the. Salvation. Army is by far the cheapest. Eay
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 06:43 AM
Quote:
Originally Posted by chillrob
General Financial Crisis?
Global. All that crazy stuff beyond the boarders..

Why wasn't the Mandalay Bay spa suggested yet?
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 06:43 AM
Quote:
Originally Posted by highstakesfan
99.9% of players, including ^, do not win at these rates.

It never ceases to amaze me the level of delusional posters around here.
Is this a level? Either that or just being very condescending / obtuse for some reason.

$15 is definitely average, and attainable at 1/2 over a reasonable sample set in Vegas.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 07:19 AM
Maybe you should clarify what you mean by "average winning player".

For every $1/hour winning player, you would need one $29/hour winning player to get to a $15/hour average. I highly doubt that's what you are talking about..
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 11:51 AM
Quote:
Originally Posted by fuxxnuts
Is this a level? Either that or just being very condescending / obtuse for some reason.

$15 is definitely average, and attainable at 1/2 over a reasonable sample set in Vegas.
Let's say someone wins at 15 an hour and plays 10 hours a day.
Most players might go to Vegas for a week or two. Your hotel+flight+cabs will eat up almost all of that profit.

If you're going to Vegas for fun, love poker and use your hobby to pay your expenses great-have fun. But as a pure money making endeavor low stakes poker as a tourist in vegas for almost everyone is a waste of time.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 04:14 PM
Quote:
Originally Posted by loosekanen
Supporting legislation to mandate resort fees are included in mass ticketing sites helps as well. The airlines used to do the same thing with ticketing.
This is what I'm waiting for. No problem with businesses charging whatever they want to charge for their services, but man, advertise the real damn price. When you're tacking on an extra 30% or whatever to the bottom line, that's ridiculous and shouldn't be allowed.

Was a great step when airlines had to stop doing that crap. Hopefully the hotel industry isn't far behind.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 06:50 PM
Quote:
Originally Posted by Quadstriker
This is what I'm waiting for. No problem with businesses charging whatever they want to charge for their services, but man, advertise the real damn price. When you're tacking on an extra 30% or whatever to the bottom line, that's ridiculous and shouldn't be allowed.

Was a great step when airlines had to stop doing that crap. Hopefully the hotel industry isn't far behind.
Since the US is like the only country in the world that still has prices without taxes I wouldnt be too optimistic this is gonna happen any time soon. Generally speaking, theres a litle bit too much meh the old times ITT. I mean if you book a hotel in the 40-50$ range with inflation thats pretty much the same as a 25$ hotel in 2000. And there are plenty of options at or close to the strip. Excalibur, circus circus, gold coast, super 8, etc. Sure these are no luxury but I suppose neither were the 25$ in 2000.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 06:53 PM
Quote:
Originally Posted by highstakesfan
99.9% of players, including ^, do not win at these rates.

It never ceases to amaze me the level of delusional posters around here.
And this is so LOL I dont even want to comment further on it
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 06:57 PM
fwwm- i'm not sure if you have traveled to Vegas much but these costs have absolutely nothing to do with inflation. they have to do with deception.

rooms that were free or 20 bucks 2 or 3 years ago now have 29 dollars tacked on to them,often without the person realizing until they get to Vegas.

What's even scummier is they do it under the guise of "this is what the customer wants" which is an insult to anyone's intelligence.

I understand for a lot of people who go to vegas once a year for a few days, they're there to have fun and will just pay it.

I refuse to pay them on principle and will not stay at any place that charges them.Sometimes I've even paid a little more in total to stay somewhere else.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 07:15 PM
Quote:
Originally Posted by borg23
fwwm- i'm not sure if you have traveled to Vegas much but these costs have absolutely nothing to do with inflation. they have to do with deception.

rooms that were free or 20 bucks 2 or 3 years ago now have 29 dollars tacked on to them,often without the person realizing until they get to Vegas.

What's even scummier is they do it under the guise of "this is what the customer wants" which is an insult to anyone's intelligence.

I understand for a lot of people who go to vegas once a year for a few days, they're there to have fun and will just pay it.

I refuse to pay them on principle and will not stay at any place that charges them.Sometimes I've even paid a little more in total to stay somewhere else.
Inflation and deception do not exclude each other. I do not support the practice of resort fees and I believe I have stated this several times in this forum. But my point was simply that there are still budget options available (including the resort fee and taxes) and they are probably not terribly different from what was available back in the day.

Last edited by FWWM; 12-16-2015 at 07:25 PM.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 07:20 PM
Quote:
Originally Posted by eco74
Those are exactly the people they are trying to price out. They would prefer to sell those rooms to people of a higher economic strata, and it is working. Hotel occupancy rates are doing just fine.
Correct, and they also prefer customers who stay 2 or 3 nights and then depart, freeing up the room for the next mark. The preferred customer will deplete their cash in slot machines, 6/5 blackjack tables, roulette, etc., and leave with a credit card balance from high profit shows, restaurants, and gift shops.

Wasting a hotel room on a grinder for days on end, no way....
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-16-2015 , 07:26 PM
It's really WAY worse than inflation for "comped" rooms.

Maybe if you were used to paying $150 a night for a hotel, now it's $180, that's 20% higher. Significant, but probably not a deal breaker.

But if you are comped rooms, your cost has gone from $0 to $30, an infinite rate of inflation. Even if you just got significantly discounted rates from CET based on your play. I used to take advantage of offers from Bally's or somewhere from $20-$30 per night. Now if I get the same offer, the cost has at least doubled, and now a motel or airbnb is cheaper, so that's where I'm going instead. And I'm no longer throwing CET the bone of doing a little -EV blackjack or VP gambling along with my poker, which I did some of so my offers would continue.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-17-2015 , 12:56 AM
If you played blackjack for an hour, their expectation off you was about 1-2 bets, so for $10 blackjack, that meant $10-20. If you played basic strategy, you actually only lost $4-8, but you got credit for $10-20. Typically, they returned 1/4 of their expectation, so $2.50-5 worth of comps.

If you felt somehow entitled to free or essentially free rooms by "throwing CET a bone," you were being super irrational. It was a market inefficiency, and one that actually took an awful long time to close.
How do low stakes poker players even afford hotels in vegas anymore? Quote
12-17-2015 , 01:03 AM
Quote:
Originally Posted by Quadstriker
This is what I'm waiting for. No problem with businesses charging whatever they want to charge for their services, but man, advertise the real damn price. When you're tacking on an extra 30% or whatever to the bottom line, that's ridiculous and shouldn't be allowed.

Was a great step when airlines had to stop doing that crap. Hopefully the hotel industry isn't far behind.
The pivot point is the search sites, not the hotels. The search sites set up the rules, the hotels just game the system.

You can fix it with legislation as well, but economic pressure on the search sites should suffice.
How do low stakes poker players even afford hotels in vegas anymore? Quote

      
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