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mason2386
mason2386
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April 16th, 2015 at 6:22:47 PM permalink
I realize that CET properties reward Total Rewards has a set amount of tier credits given in relation to money spent while on property, i.e. $5.00 in slot = 1 tier credit, but in gambling that number changes during your trip. Total bankroll taken for a trip should equal a set amount, but after reinvesting winnings into your gaming, that ratio changes.

My question is, on average, how many tier credits do you earn on a trip against your original bankroll. Example: you take $9000 as a bankroll and you earn 12326 tier credits, you earned 1.7608 tier credits for every dollar spent.
mason2386
mason2386
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April 16th, 2015 at 8:05:10 PM permalink
Is this a taboo subject?
AlanMendelson
AlanMendelson
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April 16th, 2015 at 8:41:37 PM permalink
There are all kinds of ways that the number of tier points that you earn relative to your bankroll can change.

1. Do you play enough so that you earn bonus tier points? If you play enough to earn 5,000 tier points in 24 hours, the bonus is an additional 10,000. There are bonuses for smaller amounts of play as well.

2. How lucky are you? If you hit a big jackpot early and then keep playing you can score a lot of coin in and a lot of tier points.

3. If you are playing a table game, how was your play rated? Were you rated accurately or did the floorman screw up? I only played craps with an average bet of $135 across, $25 pass with full odds, but the floor person only rated me for $35 because he saw my initial bet of passline with $5 horn high ace deuce and $5 hard 8 working. I played for more than four hours, but didn't discover the discrepency till I got home and then it was too late.
beachbumbabs
beachbumbabs
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April 16th, 2015 at 8:51:26 PM permalink
Not taboo, but the formulas are proprietary except for the basic slot/VP info, so I don't think your question is answerable. I personally would be disappointed with the results you posted if I understand that you LOST (not just exposed) $9000 and only got 12K tier points for it. With the bonuses that get rolled in automatically, IMO that's a horrible return, and well off my experience and expectation. But the info you gave makes it almost impossible to figure out whether you got value.

For that calculation, they don't care how much you win or lose; it's a question of how much you exposed, both in gross amount, and in dollars per hour. How many hours per day you play, and how much money/day you exposed matter as well. It also matters what games you played and what paytables they use on those games. Some are worth much more in tier credits/hour than others. But nobody knows the exact formulas they use for that calculation.
If the House lost every hand, they wouldn't deal the game.
AlanMendelson
AlanMendelson
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April 16th, 2015 at 8:59:24 PM permalink
The point about pay tables on video poker is very complicated.

When it comes to video poker in general, pay tables have NO effect on tier points awarded. It's only a matter of coin in. $10 bet = 1 tier point. But...

Now at some casinos in the Total Rewards system, the better paytables require $25 or $50 coin in for one tier point.
RS
RS
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April 17th, 2015 at 12:32:33 AM permalink
I'm confused -- you say 12326 TC and a $9K BR and somehow that ends up with 1.7608 TC per $1 spent. Is that per $1 lost??

Not sure what you mean about your BR. Usually, I bring much more than I (think I'll) need.


For me, this year, about $443,000 coin in:

-$0.157 per 1 TC or 6.368 TCs per $1 lost.

Including the TC bonuses:
-$0.0571 per 1 TC or 17.49 TCs per $1 lost

Hopefully I did the math correctly (pretty sure I did).

Not taking into account the "50% bonus up to 50K TC" that was awarded April 15.
tongni
tongni
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April 17th, 2015 at 5:24:13 AM permalink
For any slot/VP, (coin in * hold percentage) = average amount lost. Then divide the coin in by 5 or 10. The distribution of losses/wins on VP is about 2-1, so 66% of the time you will lose, that can be higher depending on the variance of the game you are playing.

But points are really worthless in general. and that's why nobody is answering your question. The most important thing you can do is compress your play into a single day, never charge anything to the room on the morning after if you stay on property, and don't play on the morning after. A guy that's willing to lose $9k in a day should be getting airfare and money to show up. Also, settle the bill before you go to bed!
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