1,000 Tier Points in a Day

NOT WORTH IT!!!

I did it today to get to Platinum and now my children will have to do without Christmas presents.

Quote: s2dbaker

NOT WORTH IT!!!

I did it today to get to Platinum and now my children will have to do without Christmas presents.

Just think of all the good things you'll get with that new shiny Platinum card. Like a shortcut to the buffet line!
AWESOME!

That makes the losing all those seven stars super players do look like peanuts.

I should clarify. I had 3,000 points already and I just wanted to get to platinum level and not have to think about playing at a Total Rewards property for the rest of the year. So I did the 1,000 in a day to earn 2,000. I think I made it seem like all you have to do to get platinum is to do 1,000 in a day. That would be inaccurate.

What did you play? And that's the first question.

Did you play 9/6 Jacks or Better or 8/5 Bonus... both games where you have a chance to get a lot of tier points at a low loss rate? Or were you playing slots? Or Craps? Or Ultimate Texas Hold'em or Mississippi Stud?

How much did you lose? And what was your starting bankroll?

I'll give you a big tip: play outside of las Vegas caesers properties. Less theo

Quote: AlanMendelson

How much did you lose? And what was your starting bankroll?

$1300 loss on dollar slots and $1000 was my budgeted bankroll. I was only 250 points from finishing the 1000 so I stretched the budget. I'll take it out of tomorrow's gambling budget (if I gamble at all).

$800 of that was completely dumb. I was playing bored and that's dangerous.

I started playing a single dollar on Double Diamond Haywire machine and got 100 points (500 pulls) for a $20 loss and that took an hour or so. That's when I got bored and started playing the fancy schmancy machines for Max Bet. Those are just $100 munchers. After feeding the machines at a rapid rate with little to show for it, I decided to go back down to minimum bet and just grind it out. That works much better, takes forever but it gives you a chance to make a little money back.

Now the reason I was confident enough to try something so dumb was because I won $500 at Red Rock and another $100 at Texas Station. So technically, I'm only down $700 but that's plenty. After that amazing run, I was still feeling lucky and the reality of the random number generator gave me a nasty wake-up call.

Lesson learned but at least I get free parking in Atlantic City for another year.

Weird I play at harrahs Chester and earn 2500 points most days on way way way less then 1000

Quote: strictlyAP

Weird I play at harrahs Chester and earn 2500 points most days on way way way less then 1000

Tell us how it's done. I'm willing to not lose so much.

Quote: s2dbaker

$1300 loss on dollar slots and $1000 was my budgeted bankroll.

I think most slot machines return on average about 87 percent. Video poker is probably 97% to 99% return even at Caesars properties.

Playing slots is not the easiest road to seven stars.

There is a thread where I wrote about the estimated cost of becoming 7 Stars playing full pay bonus video poker, or full pay jacks or better. That thousand dollar loss you had on slots was almost half the cost of becoming a 7 Stars player. See: https://wizardofvegas.com/forum/las-vegas-casinos/caesars-palace/12606-cost-of-becoming-a-seven-stars-player-with-the-new-tr-system/

Quote: AlanMendelson

I think most slot machines return on average about 87 percent. Video poker is probably 97% to 99% return even at Caesars properties.

Playing slots is not the easiest road to seven stars.

Yeah, but dollar slots are usually a bit higher than 87%. More in the low 90s.

Can someone quantify what these tiers are actually worth? I don't understand gambling for a tier primarily unless done anyways with no thought for it or care of the money lost.

Quote: onenickelmiracle

Can someone quantify what these tiers are actually worth? I don't understand gambling for a tier primarily unless done anyways with no thought for it or care of the money lost.

Not enough to cover the average qualifier's losses. ;)

As far as exact numbers, I'm not a good person to ask.

Quote: tringlomane

Not enough to cover the average qualifier's losses. ;)

As far as exact numbers, I'm not a good person to ask.

It might actually have a negative value considering how much the people would save waiting in line everywhere. Ive had top tier before at other casinos and found it almost useless besides a place to hide and get free mini-buffets and cut lines. Things not worth much and once I had it, I stopped going.
They say they don't, but I think most casinos deduct some portion of free play for all this junk.

Wait a second. Playing slots accumulates points 3-10 times faster than vp without any club multipliers. 90% is low especially for higher limit slots. From what I've experienced your vp money doesn't last 3-10 times longer than your slot dollars. Give slots their due.

Quote: tournamentking

Wait a second. Playing slots accumulates points 3-10 times faster than vp without any club multipliers. 90% is low especially for higher limit slots. From what I've experienced your vp money doesn't last 3-10 times longer than your slot dollars. Give slots their due.

At CET, which is the topic at hand, it's only 2X faster for tier points unless you are playing things like 9/6 JoB, but then the house edge is so low, the tier point adjustmest basically just makes you indifferent on playing the high paying machine vs. the average machines (97-98%) for average loss per tier point. In Vegas last trip, I was able to play a 98%+ game at a CET property in Vegas for as cheap as 25 cents per hand. Much more difficult to find a slot machine with 98% for that cheap unless you hunt progressives well. Or even in the high limit room for that matter. If you can find a slot that is 96% or better, then yeah, it's just as good. Problem is, it's difficult to accurately say what the slots pay. I wouldn't think the average CET dollar slot pays 96%+.

I'm a low roller and I'm Platinum.
I simply signed up for the Total Rewards Visa card.
No annual fee.
If you spend 750 1st 3 months, you get 10,000 points or 100 bucks.
You also get 2 Buffet of buffet passes.

I keep a zero balance.

Just got back from Vegas, the 2 24 hr free buffet of buffets passes were blacked out Xmas week so will use early next year.
I spent the 750 and paid it back therefore earned 10000 points for a 100 bucks.
Skipped the line at Paris buffet and Bachanal due to platinum and used the free 100 to pay for both buffets.
Low roller here and I get respect. no line, free buffets and still have not redeemed the 2 buffet of buffet passes.

Quote: tringlomane

Not enough to cover the average qualifier's losses. ;)

As far as exact numbers, I'm not a good person to ask.

Depends. I was on track for Seven Stars with little or no loss until everything went to whit at Rincon. $3500 hit. But I'll get a free cruise, free hotels, and hopefully some good bounceback to offset some of that loss.

For a slot player who doesn't use the bonuses, the expected loss is $55,000.

I would do the same thing I did again. No accounting for variance.

Quote: onenickelmiracle

Can someone quantify what these tiers are actually worth? I don't understand gambling for a tier primarily unless done anyways with no thought for it or care of the money lost.

There really isn't much of a difference between Diamond and 7Stars. Both "tiers" get a good number of free hotel rooms. 7Stars is theoretically "unlimited" but really how often are you going to go to a casino. 7Stars also get some perks such as trips to other Caesars casinos and in all the years Ive been a 7Stars Ive never taken one. 7Stars gets a $500 dinner credit (anniversary dinner they call it) and yes I use that. You also get an annual "gift" which probably has a retail value of about $150.

the only "active perk" with 7Stars is that you get shorter waits and shorter lines at the cage and at buffets and the restaurants -- if that's important to you.

Me? If there's an elderly couple waiting -- I will always let them go first. I have more time than they have. At the cage, if there are ladies waiting, I'll let them go first too.

You don't want to lose money to reach 7Stars or even Diamond. But if you get the "tiers" along with your regular play there is nothing wrong with that. Just take it as a freebie or bonus.

Right now, my son has about 130,000 tier points. And he says he is going to try to make 7 Stars when he goes up to LV for New Years. He is actually going up on Sunday so he can get in his play before midnight New Year's Eve. At his level of play he will easily get 20,000 tier points including the 10,000 bonus points. But I told him -- don't go broke doing this.

Quote: tringlomane

Yeah, but dollar slots are usually a bit higher than 87%. More in the low 90s.

Quote: tournamentking

Wait a second. Playing slots accumulates points 3-10 times faster than vp without any club multipliers. 90% is low especially for higher limit slots. From what I've experienced your vp money doesn't last 3-10 times longer than your slot dollars. Give slots their due.

Two good points. You can find a slot machine that has payback in the upper 90s. But still not as good as most video poker even at Caesars.

But it's true, there is a "tier point penalty" for playing video poker. At most video poker games you have to play $10 for one tier point while slots is $5 per point. And then there are those casinos that now have $25 per tier point.

I did find out that Rio in Vegas still has some 9/6 Jacks or Better and 8/5 Bonus games that are $10 per tier point, and not $25 per tier at Caesars. But you must look at the pay tables, only a few of these "good games" are there.

Quote: teddys

some good bounceback to offset some of that loss.

I'm very curious about this. Bounce back comes in a mailer. I don't know if you have to give your mailing address to the TR desk at Rincon to get the mailers? Your play in December would show up in the mailer for February.

Will you go back to Rincon in February to use your bounceback? There might also be additional free play offers -- so you should call the TR desk at Rincon to be sure you are signed up for their mailers and you will get them.

The bounceback should be 1% of the tier points you put on there. So if you put on 10,000 tier points you should get $100 free play. (Bounceback is in free play, not in cash.)

I'm not suggesting you do this, but we had a discussion on my forum about "selling" free play and bounceback when you can't make it to the casino. It involves giving someone your TR code and PIN so they can download the free play onto the machine. No physical coupons for bounceback or the free play that comes in mailers.

Quote: AlanMendelson

I'm very curious about this. Bounce back comes in a mailer. I don't know if you have to give your mailing address to the TR desk at Rincon to get the mailers? Your play in December would show up in the mailer for February.

All cet casinos are aware of his address because he signed up for a tr card. As long as his address is current in the database, which I am sure it is.

Hell Resorts Tunica had me in their database in 2009 because I played there once when Harrah's owned that building in 2004. Gold Strike Tunica (a mgm property) also had me in their database in 2009 thanks to my play at Mirage in 2001.

Quote: AlanMendelson

I did find out that Rio in Vegas still has some 9/6 Jacks or Better.

Yes but isn't that at the $ 5 level ? A bit too high for my bankroll and level of play.

Thanks for the response Alan. Agreed on only good if through the normal course of play. It's a bit of a shame good service is only for a few and it's probably sub-par just to make it seem a worthy benefit. The cashier never seemed too long a wait until the casinos installed lines. Obviously take a number would be a better approach if actually wanting to serve people was the motive. It's really torturing people who are old or otherwise in pain.
Funny on rooms it seems they're overpriced to make the benefits seem better at lower costs for the casino. $200-600 seems too much for Harrah's on a Saturday night for Atlantic City. Im told they actually sell them all, but I doubt occupied. Cynical as always I am. Just seems easier getting your price if people believe you're full.

Quote: onenickelmiracle

Thanks for the response Alan. Agreed on only good if through the normal course of play. It's a bit of a shame good service is only for a few and it's probably sub-par just to make it seem a worthy benefit. The cashier never seemed too long a wait until the casinos installed lines. Obviously take a number would be a better approach if actually wanting to serve people was the motive. It's really torturing people who are old or otherwise in pain.
Funny on rooms it seems they're overpriced to make the benefits seem better at lower costs for the casino. $200-600 seems too much for Harrah's on a Saturday night for Atlantic City. Im told they actually sell them all, but I doubt occupied. Cynical as always I am. Just seems easier getting your price if people believe you're full.

There is a "rack rate" and a "casino rate" at most gaming properties, definitely at CET properties. The rack rate is the maximum rate they usually show on the rate card in the room door or on the website and tell you that's the price to let you know what a great deal they're giving you. The casino rate is what they charge if you're an unknown or unrated player who's going to give them some action. Usually, they don't advertise it. It's usually about enough to pay the maid service (ie cheap - last time I asked for one for a friend it was at the Rio and it was $35, when their rack rate was $120). Ask for the casino rate, usually space available, show a player's card, and unless they're overbooked, they'll find one for you.

Quote: beachbumbabs

There is a "rack rate" and a "casino rate" at most gaming properties, definitely at CET properties. The rack rate is the maximum rate they usually show on the rate card in the room door or on the website and tell you that's the price to let you know what a great deal they're giving you. The casino rate is what they charge if you're an unknown or unrated player who's going to give them some action. Usually, they don't advertise it. It's usually about enough to pay the maid service (ie cheap - last time I asked for one for a friend it was at the Rio and it was $35, when their rack rate was $120). Ask for the casino rate, usually space available, show a player's card, and unless they're overbooked, they'll find one for you.

Good tip, good point I didn't know about. I once asked Harrahs about reservations with two people wondering about me being there by myself and they told me it would be by the "prevailing rates". Didn't seem fair as I understood it to mean the highest rates considering either single reservation would be lower than that.