DC

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Tuesday, July 19, 2016

Diamonds Forever

In January, with MGM National Harbor opening, I made the decision to switch my play from Caesars to MGM.  I made Platinum with MLIFE last year; and, as a general matter, I like the MGM casinos in Vegas much better than the CET options.   This year, in two trips to Vegas, I accumulated 168,000 MLIFE points - enough for gold; and just short of platinum.  I was committed to returning just to rack up another 32,000 points.  Then, I started reading about how MLIFE devalues play at non-Vegas properties.  Gamblers at MGM Detroit, for instance, get about 1/5 tier credits for VP play compared to Vegas.  So, there's a bit of uncertainly how MGM will deal with MLIFE at National Harbor.  So, I decided to just stick with Gold.  Plus, I'm pretty much sick of Vegas at this point and am in no rush to head back.
 
Over the past few months, I've walked inside the confines of the Horseshoe Baltimore and played a few hands of VP before first-pitch at the Yard on Sundays.  To date, I've only got approximately 4,000 Total Rewards Credits.  11,000 shy of re-upping Diamond, which I've had for as long as I can remember.  For whatever reason, I got the itch to go for Diamond again.  And I came up with the following, absurd and admittedly stupid idea: get 2,500 tier credits in a day to earn the 5,000 bonus.  So . . .
 
. . . this weekend, I'm banging in sick to work Friday.  I plan on taking off for AC at 6:00 am, arriving around 9:30.  And then I'm gonna grind . . .  mainly the 100 hand VP machine at $5 a rip, which earns a tier credit every 2 hands ($10 coin in on VP).  And I ain't stopping until I reach 2,500.  I have no idea how long it will take.  I'm prepared for the variance.  I've read a bunch of the message boards, where people factor the -EV for this endeavor to be between $300 and $750.  In my experience, this woefully underestimates the loss unless you run really, really well.  I think you need to be prepared to spend $100 for each 100 tier credits on the 100 hand machine.  The losses can be even greater on a single line machine (I've run through $100 and only earned 35 tier credits or so on many occasions).  I'll be funded to get the job done no matter how I run.  At some point, you have to be committed to finishing the job because it doesn't make sense not to.  I mean, if you rack up 2,000 credits, you can't not get the remaining 500 because the additional bonus is 4,000....
 
Anyway . . . why am I doing this?  Pretty much just because.  The upside?  Another year of diamond benefits, which really is not worth much.  Beyond this, I'm hoping a day of 25,000 coin-in will boost by average daily theo and at least get free rooms for football season so I can stay comped on Fridays/Saturdays on my way up to J-E-T-S JETS JETS JETS games this fall.
 
I'm hoping I can pound out the 2,500 reasonably early in the evening and then play some poker, as I love the room at Harrah's and miss playing.   Depending how it goes Friday, I may try for another 1,000 credits Saturday before playing poker.
 
I'll update the results of this stupid endeavor on Sunday.           

11 comments:

  1. P3:

    Can you give us, your loyal readers, some examples of the types of benefits you've utilized with your diamond status?

    thanks,

    s.i.

    ReplyDelete
    Replies
    1. Um. Sadly, not really. You get a $100 dinner each year . . . free parking . . . access to diamond lounge... some show tickets . . . Frankly, the best perk is the diamond check-in . . . often saves 45 minutes trying to check into the hotel on a Friday night.

      As eluded to above, it's really not worth it. Why do I want it? No idea.

      Delete
  2. Good luck, looking forward to reading the update. If you end up $500 in the green, sit down in a $2/$5 and let us know how different it is than 1/2.

    ReplyDelete
  3. Yep - $1 = 1 point (on avg.) which is worth 1c. I gave up Diamond few years ago because got same benefits with Platinum. Now they dumped us Platinum players back into the Gold Lines....Reactivated by Mlife card over the 4th in Vegas. Won't chase CET this year, it is what it is. Will get what I get here in AZ because there is no Mlife but will avoid CET in Vegas except to rape them on the Comps they throw my way.

    Good luck on the marathon. Hope you run as hot as Trump in the primaries!

    ReplyDelete
    Replies
    1. Agree totally. Like I mentioned, part of me is just curious to see if I can grind 2,500 points in a day. Yeah; I'm THAT bored. But, also, I'm hopeful that $25,000 coin-in will get me comped rooms through the fall, which I can use during football season.

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    2. Hopefully our Hero, the great TBC will post a reply with some sage advice?

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    3. I can only hope. I've never had anywhere near as bad of losses as he's had, so it would be useful to get some advice regarding how to handle variance from an emotional perspective. Like, what do you to do calm down and avoid tilt? Those kinds of things. Hopefully, Tony will read and offer some timely advice.

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    4. The stapler that Lightning gave me as a meet-up gift at the HoChunk poker room did help me calm down from one awful bad beat that I took at the table that afternoon.

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  4. Good luck - you missed the summer promo where they were giving a 50% bonus to every point earned. It didn't give any extra rewards credits, but it pushed me - at least - to diamond for 2016.

    ReplyDelete
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