Different casinos have different players clubs, reward programs, comp programs, etc. Is there one that stands out as "the best" and if you are given choices for how you use your comp points, what is the most efficient choice you can make?

Caesars/Harrahs has a wide variety of uses for Total Reward points including:

1. Covering hotel bills
2. Buying gifts from its gift catalogue
3. Buying merchandise in gift shops
4. Paying for show tickets
5. Paying for restaurant tabs
6. Redeeming TR points for free-play (new option)

Not every option has the same redemption rate.

Using your own experience, what "redemption deal" was best? Go ahead and name names. What's the casino, and what was the deal?