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Thread: Strategy for the new Caesars Tier Credit Bonuses

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  1. #11
    There is another new benefit that I am trying to get more information about: "preferred free play redemption rates" which I would think means some extra free play when you convert comp points. Currently its two comp dollars for every free play dollar. This is listed as a new benefit for "Diamonds" but I am sure it also applies to 7Stars players. This could be especially valuable since Diamonds and 7Stars frequently can earn comp dollars faster than needed to pay for hotel meals. For higher level diamonds (80,000 tier credits) there is also a $750 air fare reimbursement and an even better redemption rate for free play than lower level diamonds.

    But now, it's not only easier but also cheaper to become Seven Stars. Because now, effectively, you need only 20 day-sessions to obtain 7Stars at a lower cost than ever before. Consider this:

    If you play 20 sessions at video poker ($10 coin in = 1 tier point) and earn 2,500 points with $25,000 of coin-in you will have a total of 50,000 tier points.
    Now, you will also get the Bonus of 5,000 tier points for each one of these sessions. 20 X 5,000 = 100,000.
    So the bonus points plus 50,000 basic tier points that you earned through play reaches the necessary Seven Stars benchmark of 150,000.

    To do this, let's play 8/5 Bonus at Caesars Palace or 8/5 Aces Bonu$ or 8/5 Aces and Faces at Rincon (99.2% games) and let's do some figuring:

    First, in the course of the year you have will to have $500,000 coin-in on these games to earn the 50,000 basic tier points (before the bonus). What will that cost you? Theoretically, without any fringes such as free play, etc. those games would give you a return of $496,000 or a loss of $4,000 over the course of a year, or a loss of $200 per visit. I could make a strong argument that at that level of play ($25,000 of coin in per visit) you could be comped for your stay and your comps would be worth the $200 loss at the machine. So this play could turn into a "wash" or break-even.

    Prior to this new system, you would have to have coin-in of $1-million dollars to earn 100,000 points for the Seven Stars rank, at a theoretical cost of $8,000.

    Again, the importance is to concentrate your play so that you have days of 2,500 earned "basic tier points" so that you maximize the "bonus tier points."

    Edited to add: While 9/6 Jacks or Better video poker is not available any longer at Rincon it is still available at Caesars Palace on $5 and higher denominations. If you played 9/6 Jacks at Caesars for $500,000 of coin-in spread over 20 days, your theoretical cost for Seven Stars would be $2,300. The value of comps could affect this as would cost of going to Vegas, hotel rates, etc if you were not fully comped.
    Last edited by Alan Mendelson; 01-13-2013 at 12:25 AM.

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