Sports book and racing tier credits

Can anyone tell me how many tier credits u earn on sports and ponies

Parimutual race wagers are 30 Tier Credits per $100 in the Caesars Total Rewards system, and the Reward Credits are 100 per $100. There are some bonus RCs for exceeding a certain threshold in a day. Any 'house-banked' race related wagers that are not part of the tracks' parimutual pools, such as in-house props & futures, would be the same as sports.

Sports wagers are a very small fraction that is essentially zero. Forget about it.

Keep records and check your balance the next day, because credit for wagers from the book are entered into the system manually overnight by people in the pit, some of whom may not know what they are doing or care, and they have been known to occasionally (about 10% of the time) enter them wrong such as coding parimutual race wagers the same as sports, making it worthless. If that should happen, the manager of the book should be able to correct it if you bring it to their attention.

Quote: DrawingDead

Parimutual race wagers are 30 Tier Credits per $100 in the Caesars Total Rewards system, and the Reward Credits are 100 per $100. There are some bonus RCs for exceeding a certain threshold in a day. Any 'house-banked' race related wagers that are not part of the tracks' parimutual pools, such as in-house props & futures, would be the same as sports.

Sports wagers are a very small fraction that is essentially zero. Forget about it.

Keep records and check your balance the next day, because credit for wagers from the book are entered into the system manually overnight by people in the pit, some of whom may not know what they are doing or care, and they have been known to occasionally (about 10% of the time) enter them wrong such as coding parimutual race wagers the same as sports, making it worthless. If that should happen, the manager of the book should be able to correct it if you bring it to their attention.

Are you saying they pay more on Race Bets than Slots? Not to argue, but that seems strange. But then some of these tracks has really increased the holds.

Quote: Boz

Are you saying they pay more on Race Bets than Slots? Not to argue, but that seems strange. But then some of these tracks has really increased the holds.

That would not surprise me. Most racetracks hold back 15%-20% of the pool.

Quote: Boz

Are you saying they pay more on Race Bets than Slots?

I have no idea what the rate would be on slots. It is against my religion (called the Holy Church of DrawingDead's Money) to play games that involve betting against a casino; I'd rather play games that involve betting against an impulsive, drunk, lazy, dense, superstitious gambling degenerate, with the 'house' only acting as a neutral stakeholder with no skin in the game, such as poker or horse racing. But it is and most definitely has been for a long time 30 Total Rewards system Tier Credits per $100 race wager through books at the Caesars properties. At most other books, it is zero tier credits but higher reward/comp type credits, usually ranging from a low end of 2% up to a maximum of 5% of handle rebated in the form of comp points, with around 2.5% or 3% being most common. Caesars is quite low at an effective rate of 1% of handle on the Reward Credits, but is one of only two (along with Station Casinos) that has their books integrated into their system for giving tier credit status points. $50,000 in pari-mutual race wagers gets to Diamond in the Caesars system.

Slots are $5 in for a Tier Credit or 20 for $100.

Quote: Boz

Slots are $5 in for a Tier Credit or 20 for $100.

Then pari-mutual wagers award more Tier Credits per dollar of 'coin-in' or 'handle' than slots at Caesars.

The track takeout rate varies a lot by wager type as well as venue/jurisdiction/location of the track, being highest for lottery ticket style low-probability exotic wagers favored by people trying to become a onenickelmiracle, such as the pick-6. They do not make distinctions among different wager types with different takeout rates in awarding credits/comps. Those exotics are popular with some and do take a lot of action at rates that can greatly exceed 20% for some of them, as people chasing lottery ticket dreams are not very price sensitive or aware. An example of takeout for plain straight non-exotic wagers is 15.43% for win, place, and show at California tracks. There are ways of wagering to effectively reduce that. When wagers are made off-track, such as at a Las Vegas racebook, the takeout is contractually split between the track and the venue where the wager originated, and the site where the wager originated (in this case a casino's book) gets the larger share in those contracts.