Originally Posted by
Herb687
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.
Yes I don't even know if the tier credits are earned upon making the bet, the date of the event or when the bet is graded. I'm guessing it's the latter. I suppose I can track it if I watched my account carefully. Would take 5 $250 bets at +200 to get the 125 TC bonus which is out of my league. And Caesars would probably credit those on 2 different days anyway.
Originally Posted by
Herb687
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.
I'm not necessarily making bets just for TCs but if I am going to make sports bets I can make it more efficient for earning TCs. I generally favored laying odds rather than taking odds. It's a good way to reduce variance but a poor way to earn TCs. Plus I think the exercise will help me track my bets better which I need to do for tax reporting. On the other hand I usually do find myself chasing TCs towards the end of the year. I've also been considering how to switch from caesars to MGM. Of course at that point the status isn't worth much.
Originally Posted by
Herb687
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!
I don't really play futures except for fun (betting on my crappy NY teams). There's too much of a house edge in there and I can't really overcome any part of it.
Originally Posted by
Herb687
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?
I'm not looking at this as a transaction otherwise I'd just go with founders card. I gamble anyway and I have a rough idea how much it would cost (expected loss) to make diamond at casears in various ways (I haven't figured that out for MGM yet). If I split my play around too much and not wind up with at least mid-level status I'd pay a lot more for things. I estimate I stay at a casino 20-25 nights per year so thats a lot of resort fees I'm saving for example. Plus the freeplay really adds up. It would probably be a lot easier if I went through some of the other chains but they don't operate near me in NY.
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!
That's an interesting idea but I'm not sure how many games you can bet more than, say, a week ahead. Maybe the westgate offers odds for every game (at what vig?) but I haven't seen any others. Not southpoint but maybe circa? Never saw it in any book in NJ. But you can probably bet way ahead for the first week of the NFL season. Then again the game is just as likely to move against you as for you.