Originally Posted by
sbjnyc
Barring any language to the contrary, I don't see why sports betting wouldn't count towards the
published daily tier credit bonuses.
Caesars makes it impossible (deliberately, no doubt) for gamblers to accurately audit RC/TC posting but I don't remember it ever being obvious that my sports bets were excluded from daily tier threshold bonuses.
It seems like a lot of
property-specific promotions (i.e. special RC or TC multiplier days) have language excluding sports betting.
On the other hand, Caesars used to say that horse racing wagering was ineligible for multiplier promotions and Louisiana Downs appeared to have generously multiplied my activity on those days. Maybe that's why Caesars sold off the place!
To get to the earning cap you need 10/1 odds which would typically come with futures or parlays but the house edge on those is much higher. While I may play around with those I'm not going to try and suggest its worth playing those for tier credits.
I don't know that I'd make ANY bets solely for the purpose of racking up tier credits. Enjoy the RC/TCs that naturally flow from gambling you find fun or where you have an edge (I bet horses despite some of the absolute worst house edges in gambling because I love the sport and understand my opponents (the rest of the betting public in pari-mutuel pools) reasonably well), but don't go chasing status.
And if it's deep in the NFL offseason, don't miss out on taking that Eagles to win the Super Bowl action at 50/1 just because it's a poor value relative to the 10/1 TC cap!
Next year I'd like to try and earn diamond just on sports betting (particularly baseball). If I stick to +150 bets of $50 each I'd need to make 1000 bets to make diamond ignoring any tier credit bonuses. The expected loss is running $50,000 in bets at about a 4.5% edge so $2,250. If I could do it with +200 bets it would take 750 bets @ $50 with expected loss of around $1690. There may be ways to reduce the edge/variance. Maybe even just taking the opposite side of each bet on mgm if they have a similar tier credit offer.
But, again, if Diamond is the goal, are you sure you will receive $2250 or $1690 in value from the status and the associated Reward Credits you will earn on the way there?
Has anyone tried this? Can this be done with mgm as well?
What I might try to do were I in your position, determined to earn status, and in a state where I had competing bricks and mortar sportsbooks and/or legal access to online sportsbooks would be to bet a ton of games way way WAY ahead of time (I believe that all weeks of the NFL season accept action before the season even begins) and then take the opposite side of those bets at a competing casino months later when the lines have no doubt moved enough to have opened up some very lucrative middles.
While your capital will be tied up for months, time gives point spreads the opportunity to move by a lot and open up +EV middles.
I don't know how the Emperor feels about aggressively betting lots and lots of middles. And I'd rather not find out!