There is a risk of holding "reward credits" or comp rewards or free-play in your player club account. We all know there is risk -- but each of us values that risk differently.

Right now there is the risk that Caesars will file for bankruptcy. Many of us believe that the risk that our Total Rewards benefits including "reward credits" are relatively secure. But what if they're not?

When Caesars Palace was taken over by Harrah's Entertainment, my host at Caesars urged me to cash-in all of my "comp dollars" by making purchases in the Caesars Palace gift shops because he feared the comp dollars would become worthless once the Harrah's Total Rewards program took effect.

I recall years ago when a Los Angeles poker casino went into bankruptcy, and an announcement was made on the casino floor that all chips in the possession of players were now worthless. I am not saying that would happen with a Caesars bankruptcy, however.

My question is are you going to do anything differently with your "banked comps" (whether a small amount or a large amount) in the next month or so because of a possible Caesars bankruptcy?

Will you redeem all of your comps, even if that means buying toothbrushes in the gift shops to use up the last of your reward credits?

Or, will it be business as usual for you -- hoping that it will also be business as usual for Caesars even if a bankruptcy is filed in January as has been rumored?