Originally Posted by Alan Mendelson View Post
Question about RCs and earning tier points. Dan:

When you earn 5,000 tier points on your way to earn 7 Stars you also get 5,000 reward credits.

5,000 reward credits is worth $50 and not $500 as you wrote above.

Regarding being overcomped the real question is this:

Do you have a profit playing casino games? If you do you can be overcomped. If you lose money in the casino then only a true and honest accounting will determine if all those comps erase what you lost.

Being overcomped by $5,000 worth of comps is meaningless if you lost $5,001 of real money.

That's really the bottom line for everyone.
The $500 in RCs figure I provided was for the entirety of earning Seven Stars in a given year, NOT for one day of play.

I do not have a profit overall playing casino games.

However, the comps I have redeemed (in their actual value to me, assessed honestly) are FAR above both my theoretical AND actual losses.

Furthermore, being overcomped has little to do with losses versus comps redeemed. Yes, the goal is to receive more comps than you have lost. Yes, I wouldn't play if I could see the future that I would lose more than my comps would be worth. But that is all based upon luck, and you can only make decisions based upon expectation and variance, as there is no way to predict luck.

For example, if I sit at a 6-handed poker table, and I know that all 5 opponents are substantially better than me, I am making a dumb decision. Even if I luck out and win, I still made a dumb decision.

Similarly, if I sit at a 6-handed poker table where all 5 opponents are low-skill novices, then I made a great decision. If I have terrible luck and still lose, despite being far and away the best player at the table, I still made a good decision to play.

Making GOOD DECISIONS OF WHEN AND WHEN NOT TO PLAY is the hallmark of being an AP. If you consistently make such good decisions, the luck will usually average out, given enough time. If you routinely make BAD decisions of when and when not to play, you will end up a LOSER at the casino, barring incredible and unlikely luck.

If the comps I expect to redeem are far above my expected loss, but then I have horrible luck and lose more than the comps are worth, I still made the right decision to play.

We can't all be like Rob Singer, who plays for 10 years and clears a million dollars profit, despite having the mathematical odds sharply against him every time.