Category: Video Poker

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Can’t Stop Talking about Rainbow and Emerald Isle

Bobby Vegas: Friends Don’t Let Friends Play Triple-Zero Roulette

Deke, my editor at the Las Vegas Advisor, asked me to expand on the changes in the mailer from Rainbow/Emerald Isle and this is turning into a whole article on why I love Rainbow.

I stay at the Downtown Grand and drive out to Rainbow a LOT. It’s only 15-20 minutes down the freeway and as I have hundreds of dollars in unspent comps and am on a first-name basis with the staff, I love going — sometimes for breakfast, sometimes dinner, great games all the time. The Rainbow’s daily specials, most for $9, are fantastic.

I’m an anti-Strip guy. When I went to the Pinky Ring at Bellagio nightly for a week or more, I was overwhelmed by the traffic, crowds, $18-$20 parking, and the unplayable games.

But way out on funky little Water Street in Old Henderson, I found my intimate and insanely friendly goldmine, baby.

Since the recent Emerald Isle/Rainbow buyout, the first sign of ownership change is they combined the two properties’ monthly mailers. Each had weekly coupons for the Emerald Isle diner and my fave, Triple B at Rainbow. Now the weekly free meal is either/or, one coupon in one combined mailer for both properties and you can go to the diner or Triple B for breakfast at either place or dinner.

To me, it’s not that big a change. I never could use all my offers anyway.

True, some of those came from hitting some super 50x (+5%!) points on video reels 2-3 a.m. or just the 25x midnight-2 a.m. and 4 to 6 a.m. You won’t get super multipliers on 10/7 Double Double Bonus, but
I’ve played a lot of qualifying games at 101% or better.

I also want to give a shout out to locals that their monthly ticket giveaways are awesome! You earn points all month and put the tickets in the barrel; I’ve been there for giveaways and NO ONE SHOWS UP! They often have to call three, four, or more people to find a winner who’s present. And the prizes aren’t shabby — two tickets to Golden Knights games and all sorts of great concerts. I even saw them give away two tickets U2 at Sphere. That’s a $1,200-$1,500 prize. And on Mondays they have easy- peasey gift days, only 200 points.

Other things I like about Water Street in Old Henderson are all the funky cool shops and restaurants. Many of them take your points from Rainbow and Emerald Isle.

The third casino there, the Pass, gives out $10 in free play and there’s a Circa Sports outpost right by the door. While I’m at Rainbow and Emerald Island, it’s easy to place and cash my Circa bets.

So Deke, sorry, but you’ll have to edit me down again. I just can’t say enough about Rainbow and Emerald Island!

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A Story from Treasure Island

Bob Dancer

I became interested in video poker in the early-to-mid 1990s, which turned out to be a very fortunate time to do this. Players were not so knowledgeable as they are today, but neither were slot directors or game manufacturers, which led to casinos offering much juicier games and promotions than are present today.

Treasure Island was built by Steve Wynn and opened in October, 1993. In addition to $1 9-7 Double Bonus progressives, they had ample $5 and $10 9/6 Jacks or Better (99.54%) games, along with one for $2, all with 0.67% cash back. (They might have had some bigger games, but $25 and higher games were so far beyond my comfort zone, I ignored what was there.) You could get RFB (a room, and unlimited food and beverage) for a very modest amount of $15,000 coin-in per day. Plus, they had monthly promotions where they gave away multiple hundreds of thousands of dollars on one Saturday night during the month for which you earned drawing tickets on Thursday, Friday, and Saturday playing a game where the player had the advantage.

It turned out that 9/6 Jacks or Better, along with Full Pay Deuces Wild and 10/7 Double Bonus, were the three games for which I initially worked out strategies that I was ready to publish in 1994. By late 1994, I had built my bankroll up to $20,000 or $30,000 and was ready to tackle this game of video poker. It was just a guess as to whether or not I had enough bankroll, but I figured I had about a 1% edge (including the drawings), and if I could just hold on at the beginning, and avoid expensive habits outside of gambling, I was pretty much guaranteed to increase my bankroll bigtime. I had spent 20 years or so playing backgammon for money and so was used to the swings of gambling.

I soon realized I played a more accurate Jacks or Better strategy than most of the other players. The strategies published by Dan Paymar and Lenny Frome were decent enough, but simplified. Jacks or Better is arguably the easiest game to play 100% accurately so I taught myself to do that.

Treasure Island also gave away tickets to the show Mystere. I don’t remember the exact exchange rate, but it was something like $4,000 coin-in gave you two free tickets daily. I didn’t want to be seen selling the tickets, so I sold them to a few non-players for $50 apiece who then stood in line every night and resold them for $100 or so. I probably did this 100 times (two tickets each time)— adding $10,000 to my bankroll. Eventually the non-players began getting questioned about “Where did you get those tickets?” and I decided it was time to shut down that form of extra revenue.

Shirley came into my life in late 1995, and we both started playing at Treasure Island. The Mirage had largely the same monthly promotions, usually on different weekends than Treasure Island did, so we played there too. The Golden Nugget’s version of this was to give the money away via a slot tournament — perhaps $40,000 cash given away to 200 players each month, which added up to $200 in equity per person. Add this to playing a positive game and RFB — it was a good deal. They had good games at the Rio as well.

Other casinos like Bally’s, Caesars Palace, Desert Inn, and MGM Grand had similar promotions but I largely avoided those in the mid-1990s. Later Venetian, New York New York and others joined as well. One event per weekend was enough. I was writing and teaching, and there were local casinos with good games during the week. Most of the big Strip events had dances on the night they gave away the money, and this was almost as important to us as the money itself. If we started double- and triple-booking promotions, we might earn more money, but it wouldn’t be as much fun.

The Las Vegas casinos competing with each other as to which one could give the players the best deal lasted well after the turn of the millennium. Although players eventually got stronger, so did casino management, with the net effect that not so many players percentagewise were beating the casinos as there used to be. The best players, however, continued to succeed.

It’s fun to think back to the “good old days” periodically, but it’s more useful to think on how to beat casinos today. It is still being done — but not in the same ways we did it a few decades ago. And I suspect the methods we’re using five and ten years from now will be different yet.

I don’t know how long this “ride” will last. For me, at age 77, it’s more difficult for me to keep up than it was 30 years ago so I may need to give up beating the casinos earlier than I would were I younger.

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You’re Leaving Money on the Table

Bob Dancer

Bonnie and I sometimes travel to Harrah’s Cherokee, which is in the Smoky Mountains in western North Carolina. 

Although there are many reasons we go there, one is that we have casino friends, “Jack” and “Jill,” who also play there. I email Jack when Bonnie and I are going to be traveling east, and sometimes they make a trip there at the same time. And when that happens, we share at least one meal at Brio, the Italian restaurant at the casino.

Rather than split the cost of the meal, we each pick up the entire check every other time we do this. All four of us play at the Seven Stars level, so, among other things, each gets five $100 food vouchers a year. Often one of those vouchers is redeemed during our meals together.

This time it was Jack’s turn to pick up the check. I asked him how much of the meal his host was picking up, and Jack said he never asked a host to buy his food.

“You’re leaving money on the table,” I told him. “You and Jill each play $50,000 coin-in per day you’re there and annually you each earn Seven Stars status primarily from your play at this casino. Hosts will consider you valuable to the casino and will be willing to give you something.”

He told me between them they earn $100 worth of Reward Credits a day, sometimes more if there’s a multiplier, and that’s enough to cover much of what they spend on food.

“Okay,” I continued. “I don’t know what kind of benefits your play entitles you to, but let’s say the host is willing to pick up $250 in food for your four-day trip that usually you pay for with Reward Credits. That many Reward Credits can be turned into $125 free play — which essentially means cash. Are you so rich you can’t find a use for another $125?”

The answer was obvious. I had given Jack the name of our host previously. He had spoken to the host over the phone, but never met her and she didn’t know they were at the casino now.

“You’re going to be here tomorrow, and she’ll get in at noon. Why don’t you give her a call and see if she has five minutes to chat. Once she puts faces to names, she can look up your play and figure out what she can do — if anything. It’s possible, I suppose, that she can’t do anything, but I very much doubt that. Even if that turns out to be the case, it will only cost you five minutes to find out. The odds are very good that she’ll be able to do something.” 

Jill commented she would rather get free facials and manicures than free food. Jack thought a bottle of Scotch Whisky would satisfy him more.

“Let your host know that. Your host’s job is to take care of valuable customers. She has guidelines she must follow, but also, she has a lot of flexibility. It doesn’t hurt to ask.

“And sometimes you play at Harrah’s New Orleans too. If you don’t have a host there, get one. Let them know when you’re coming and see if they can offer you anything.”

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Gifts that Aren’t Gifts

Bob Dancer

Casinos reward players for playing. These rewards typically include cash back, free play, rooms, food, show/event tickets, and as many other goodies as a marketing director can imagine. I’ve received gift cards, spa treatments, cruises, shopping sprees, trips, and discounts on a variety of things.

Once you’ve received these rewards, for the most part you can use them as you see fit, including redeem them, ignore them, give them to family and friends, and, sometimes, sell them. If you’ve received a logo jacket, for example, and choose to sell it on eBay, no casino executive will object to this.

If the casino has offered you a hotel room, and you give this room away, again there’s no problem. But if you sell the room, and the casino discovers this, you may well be punished. Each casino has its own way of bringing players into line, but you usually will receive a warning before the casino takes any action.

If you continue selling rooms after the casino tells you that it’s not allowed, the casino will “solve” the problem by not giving you free rooms anymore — and maybe kicking you out altogether.

I can see the casino’s point of view on this. After all, selling rooms is one of their income streams, and if they can sell the room instead of giving it away for free, it helps their bottom line.

I can also see the player’s point of view on this. If a casino “gives” you something, you should be able to do whatever you want with it. It’s hard enough to beat the casino. Adding a few extra bucks from selling something the casino gives you makes it easier to win. Or at least lose less.

While I haven’t sold any comped rooms for several years, if I were to do it again, I’d try to do it in a way that would maximize my chances of being successful at it.

First of all, I wouldn’t go through a host. My host knows my preferences — perhaps one bed, no smoking, high floor, near elevator — whatever. If I all of a sudden I want two beds in a smoking room, the host is going to be asking questions. I could say it’s for my brother-in-law, and that would fly once. But if I tried it several more times, each time with a different set of room requests, the host may get suspicious. While the host is your “friend,” of sorts, the casino signs her paycheck. 

So, after the reservation is made, go though the front desk to make the changes in the “smoking or not” kind of requests. To the front desk, you’re just a name. To your host, you’re quite a bit more than that. Casinos identify you by what kind of games you play, what stakes, what frequency of play, what your win-loss numbers are, and a variety of other things. All this data is part of how your host knows you.

Second, if I get a comped room and sell it to somebody, I’d play some that weekend. It doesn’t have to be a lot. But no play at all waives a red flag. 

Third, I’d be discreet about it. I wouldn’t post an ad that offers discounted rooms to the such-and-such casino. Those ads might well be seen by somebody who works at the casino, and it could lead to it being investigated. Once somebody who works at the casino tries to “buy” such a discounted room, they’d find out that I was behind it — and the cat would be out of the bag. No thanks.

Fourth, I’d spread it around to several casinos if I had potential comped rooms at more than one place. Each time one does this is a risk. Doing it at several casinos rather than just one dilutes that risk a bit.

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THE FACTS ON HITTING A ROYAL FLUSH AT VIDEO POKER

This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.

AC says:

Video poker players will like this article. Many players know the commonly cited statistic that a royal flush occurs about once in 40,000 hands on average. But beyond that, the related numbers are less known. This article by Henry Tamburin puts these numbers all in one place, both the frequency of being dealt X number of cards to the royal flush and the odds of hitting it. One interesting fact within is that it’s almost twice as likely to get a royal on a 5-card redraw than on the initial deal (the redraw comes from a pack of 47 cards that are minus five that won’t complete a royal). There’s also some bonus info at the top of the article regarding how video poker games select and deal the cards that appear on the screen.

This article was written by Henry Tamburin in association with 888Casino.

THE FACTS ON HITTING A ROYAL FLUSH AT VIDEO POKER

Let’s face it. What all video poker players hope (and pray) for is that the next hand will give them a royal flush because that results in an immediate 4,000 coin payoff. But did you ever wonder what the chance that this will happen when you hold, say, four cards to a royal flush? How about holding three cards to a royal? And what is the chance of being dealt a royal flush on the initial deal? I’ve summarized the answers to these questions below and they may surprise you.

Continue reading …

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A Look at Casino Drawings — Part II of II

Bob Dancer

Today we continue our look at casino drawings. If you want to catch up and read last week’s blog, I’ll wait until you come back.

You usually have to plan for a drawing. While it is possible that you’re automatically entered into a drawing and your prizes are sent to you in the mail, the far more typical way is that you need to show up at the casino and activate your tickets at a kiosk. You then need to stick around until the drawing is held and, if you’re lucky enough to be drawn, claim your prize within some relatively short period of time.

This means that if you’re going to compete in one drawing at 7 p.m. on a given night, you can’t be at another drawing as well. So you need to pick and choose where you have the best chance.

It’s not trivial to get to a casino, park, and deal with the crowds in order to win at a drawing. Today, if I don’t have an expected win of at least $250 at a drawing, I won’t be showing up. Your number might be different from mine, but financially it rarely makes sense to show up at a drawing when you only have one ticket in the drum. Yes, it only takes one ticket to win, but that’s looking at “possibilities,” not “probabilities.” I actually look one more layer deep. I look at the probability of being called and the average size win.

In general, the more tickets you have in the drum, the better your chances of winning. If you’re a $5 player, you have a significantly better chance of winning than if you’re a 25¢ or $1 player. If you’re a 5¢ player, five coins at a time, you basically have no chance at all.

It’s usually not a good idea to play a negative game in order to get drawing tickets. Having an expected loss of $1,000 in order to have a 10% chance of winning $500 in a drawing doesn’t make financial sense.

It can make sense to play a negative game if it’s “close.” Playing 99.73% NSU Deuces Wild with a 0.20% slot club is a negative game. A drawing can make up the shortfall. If mailers and comps are given to you in addition to the 0.20% slot club, then this situation was probably slightly positive to start with. 

If you’re going to be at a drawing, and Thursday is a 10x drawing ticket day, make sure you play on Thursday. Ticket multiplier days are a way for a casino to present something worthwhile to players looking for an edge and it doesn’t cost the casino a dime. It actually makes money for the casino because of the extra play generated on that day. The casino has already budgeted the drawing, say $20,000, and it largely doesn’t care which of the players win the money. Drawing ticket multipliers shift the odds from the players who don’t play on that day to those who do.

Don’t win drawings at the same casino too often. This is the “voice of experience” talking and it applies to players who play for relatively large stakes compared to most of the other people in the drawings. At small casinos, where the same people show up for drawings every week, it gets noticed if that one guy seems to win all the time. Players will complain, and when that happens, the casino will come up with a solution that the winning player doesn’t like. So if you win, take a month off or so. 

Read the rules carefully. If it’s the same rules for every drawing, probably most of the kinks have been worked out of them. But if they modify the rules every time, mistakes can be made. Sometimes point multipliers are in effect from 3 a.m. to 2:59 a.m., but ticket multipliers are in effect midnight to midnight. Double dipping might be possible! And they might have a senior’s drawing on Tuesday and a “for everybody” drawing on Friday, and, if you’re old enough, your play can count for both drawings. There might be limits to consider.

It’s possible that for the amount you play, winning a drawing is essentially a zillion to one longshot. If that’s the case, don’t even try. Concentrate on other ways to win in the casino — or in life.

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BE CAREFUL THAT 9/6 VIDEO POKER IS WHAT YOU THINK IT IS

This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.

AC says:

The information in this article is something all beginners need to know. Many start with the knowledge that 9/6 Jacks or Better is the gold standard (it is to some degree, but there are higher-returning schedules) and understand that the 9 for a full house and 6 for a flush are the key numbers. But then they assume that all 9/6 games are good. As pointed out in the article, the 9/6 on a Double Bonus game drops the return to 97.8%, about 1.75% below the JoB return, and other 9/6 variations drop similarly. You have to be sure you’re playing 9/6 JoB (or 9/6 Bonus Poker Deluxe returning 99.64%, which can be found), or the expected return is likely lower than you think it is. More good advice comes in the warning to look at the entire schedule, even on games labeled “Jacks or Better.” Some, especially on denoms below 25¢, have short-pay royal flushes, e.g., 2,500 coins instead of 4,000. No bueno!

This article was written by Jerry Stich in association with 888Casino.

BE CAREFUL THAT 9/6 VIDEO POKER IS WHAT YOU THINK IT IS

Many video poker players are aware that pay tables vary based on the type of game. Many video poker players know that the pay table for a specific game can also vary. They also know that most pay tables can be identified based on two lines in the pay table. These two lines are the pays for a full house and a flush. They represent the x-for-1 pay amount. For example, if a full house pays 8-for-1 and a flush pays 5-for-1, the pay table is commonly referred to as 8/5.

At one time – years ago – there were very few different video poker games. Jacks or Better was among the earliest video poker games available. Pay tables in the early video poker era tended to be quite generous. Almost all Jacks or Better games paid nine coins (yes, coins. Early games only took coins or tokens) for each coin bet for a full house and six coins for each coin bet for a flush.

Continue reading …

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A Look at Casino Drawings — Part I of II

Bob Dancer

It’s been a while since I’ve written about casino drawings. In Part I, I’m going to address a selective history of drawings. And Part II deals with how to improve your chances in drawings.

My personal history deals primarily, but not exclusively, with drawings in Las Vegas starting in 1994. The ways they did it in Atlantic City and other places are mostly a mystery to me. 

While most casinos held drawings similarly to the way other casinos did it, any marketing director could say, “I’ve got a good idea. Why don’t we . . .?,” and you had a different twist on how to do it.

“In the beginning,” drawings used paper tickets on which you filled out your name and player’s card number. Sometimes you needed additional information like your address. If you had a lot of tickets, you had to allow considerable time to prepare them. Using rubber stamps or address labels made it faster than doing everything longhand, but it still required an effort.

Some players believed that folding the tickets was useful, and many players had their own techniques. Some casino executives drawing the tickets felt that folded tickets provided an unfair advantage, so they would intentionally feel around for unfolded tickets. I was never sure, so I folded half of mine and left the others au naturel.

The tickets had to go into some sort of drum. If the drum was large, say able to hold 20,000 tickets, and there were only 500 tickets in the drum, spinning the drum mixed the tickets pretty well. If that same drum was filled with 22,000 tickets, the tickets were so jammed that no matter how many times they spun the drum, the tickets stayed right where they were. In this kind of drawing, it was vital to place your tickets in the drum within the last half hour or so before the drawing. If your tickets were placed before that and are now at the bottom of the drum, you had zero chance of it being picked. Someone might dig down one foot or so into a batch of tickets to get one, but nobody could dig down six feet.

You usually received tickets based on your play — maybe every 1,000 slot club points earned you one ticket. Sometimes different tier levels received different numbers of tickets per slot club points. Sometimes video poker machines earned tickets at a different rate than slot machines. Sometimes there were “ticket multiplier” days. Sometimes everybody received free tickets.

Often, but not always, you had to be present to win. Often, but not always, if somebody called wasn’t present, they drew again. Sometimes you could win two or more prizes if your name were drawn more than once. Sometimes anybody could enter and win a drawing, but sometimes it was only for invited guests.

Sometimes the first name drawn gets the biggest prize. Sometimes they keep drawing until they get the right number of names, and then each of the contestants picks an envelope, spins a wheel, or does something else to decide how much they have won.

In Nevada, usually the drawings were fair — but more than once a casino was caught cheating. I have to assume that sometimes casinos cheated and were not caught. It isn’t that difficult for a casino employee to have a ticket palmed when he/she reaches in to pick out a ticket. If done well, it’s extremely difficult to catch. 

I’ve entered many hundreds of Vegas drawings over the past 30 years — possibly more than one thousand. I don’t know the total amount of prizes I’ve won, but it easily exceeds $1 million, including cash, free play, and sometimes physical prizes like cars, jewelry, and even cruises. That’s not all profit, of course. Sometimes I had to play a negative game to earn drawing tickets.

Sometimes there were cash or free play options. For example, if your name were drawn for a $25,000 car, the casino would arrange for you to buy any car you wanted at, for example, Finley Toyota, or would offer you $20,000 if you didn’t take the car.

Sometimes casinos issued 1099s when you won at least $600. Sometimes they didn’t. Sometimes, if you won more than one drawing over the calendar year, the casino would sum up your prizes and present you with the tax form if your total winnings were at least $600. Sometimes casinos would treat each drawing as a separate event tax-wise.

Next week I’ll discuss how drawings are different today than they used to be and give you some pointers on doing well in these drawings.

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You Have to Choose Your Battles

Bob Dancer

I’ve played at Caesars properties for a few decades and generally play up to Seven Stars status. If Bonnie and I didn’t enjoy cruising, we might not play here. But we do, and we do.

They used to have Seven Stars lounges at each property. While each property did these lounges differently than the other properties, generally you could get free food and beverages for the price of a tip. The company was sold several times, went through a bankruptcy or two, and now Seven Stars lounges are called Laurel Lounges — and basically don’t exist.

Still, each property modestly rewards their Seven Stars customers with respect to food and beverages. Whenever we go to a different Caesars/Harrah’s/Eldorado property, we check out how the system works there. In Las Vegas, Seven Stars players get four drink coupons and one $10 food voucher daily. (Diamond players get the drink coupons but not the $10 food voucher.) The drink tickets can be used for any beverages which cost $25 or less — and at a significant number of restaurants and bars across town. Each property also has bars and restaurants that don’t accept these food and beverage vouchers.

There are some glasses of wine that cost $25.99 available at these bars and restaurants. It seems obvious that your $25 voucher would cover most of that, leaving you with a small overage to pay for using a different means. But obvious answers aren’t always correct. Here if you order that glass of wine, you can’t apply a voucher at all. It’s over $25 and that’s that. The restaurant servers don’t like this rule, but they have to abide by it.

In late February, Bonnie and I had some Seven Stars visitors and so we all went to Gordon Ramsay Pub & Grill inside Caesars Palace. Bonnie and I each get 10 annual $100 “Seven Stars Celebration” Dinners, from February 1 to January 31. We’re not big eaters and, including our $10 food vouchers, can easily order enough food for $120 to satisfy both of us. Our friends had their own vouchers.

I was not playing anymore on this day, so I ordered a glass of wine. My first choice of wine would have been a $25.99 glass, but I knew the rules and ordered a glass for $21.99. While I was ordering, Bonnie took her ID and Player’s Card to one outlet where she can get 750 ml bottles of Diet Pepsi for her tickets. While I’m sure diet soda isn’t healthy for her to drink, and have told her as much, she enjoys them, and she uses two of her drink tickets each time we go there to get soda to take home. She knows how I feel about diet soda, figures that I’m probably right healthwise, but it’s not a battle either one of us want to fight repeatedly. She’s 80 years old. That’s one of her pleasures in life. Let her be!

Until recently, one of the fast-food outlets, DiFara Pizza, sold liter bottles of Fiji water at a hotel price of $9.99 apiece. Any extra drink tickets that are not spent elsewhere go towards this water. They seem to have done away with this water, and now 700 ml bottles of Aquafina are the biggest you can get. Still, we always need portable water in a desert.

On this particular night, Bonnie got two bottles of Diet Pepsi, I had one glass of wine charged to her drink tickets, and so we stopped to pick up five bottles of water on our way to the car. Somehow, though, the system showed that I indeed had four drink vouchers to spend, but Bonnie didn’t have any. Either the outlet where she got the soda or the restaurant over-charged her. 

I suppose we could have spent 15-20 minutes and figured out exactly what happened and gotten it rectified, but we’re talking about a bottle of water here. Probably costs $4 at Walmart – although certainly more than that here. 

I did mention to the server that it’s not fair that we don’t get that fifth bottle of water. The server was polite enough, but unbudging. If her computer doesn’t tell her that Bonnie has another bottle of water coming, we weren’t going to get one. So, we let it go. Another battle not worth fighting. 

Both Bonnie and I were slightly irritated — but that feeling passed quickly. We’re fortunate that we’re able to shrug off these things and not sweat the small stuff.

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How Do I Figure?

Bob Dancer

Bonnie and I regularly played at an out-of-town Caesars property where part of the monthly mailer was $200 in resort credit apiece. If we played our usual amount, our host would pick up food charges. So that left the resort credit to be spent at gift shops. They had a women’s store, a men’s store, and a jewelry store, in addition to a typical small gift shop where you could get various sundries. 

Generally speaking, you don’t expect casino gift shops to compete on price. At the men’s store, I was told that if I paid with cash or credit card, I’d get a 35% discount. If I used Reward Credits, I’d get a 20% discount. And if I charged to my room, I’d get no discount. Part of the deal with the $200 resort credit was that you had to charge it to your room. 

The resort credits weren’t worth anywhere near face value to us — but they were obviously worth something and made the play worth more to me than if I didn’t get to spend them. So how much are they worth?

No gift shop is worth the same amount to every player. I would wear a few of the shirts sold by this particular men’s store — but not all that many. A younger man — or a man whose taste is different from mine — might find he liked a much larger percentage of the inventory than I do. Bonnie is usually with me on these trips — and she can usually find something in one of the gift shops. If I tell her she has $400 to spend at such and such a selection of stores, she’ll find at least that much for one of us — or for one of our relatives or friends.

If I were thinking a $200 gift shop award might be worth $100, I asked myself, “Would I pay $100 in cash to get that $200 gift shop award?” For me, the answer was, ‘No.’ But I might pay $50 in cash. So, I figured that’s what the award was worth. 

I find it useful to turn this into a percentage — so I can add it into the mix along with the return on the game, the slot club, and other such awards. If I regularly played $10,000 and they gave me this award worth $50 to me, the award would be worth 0.5%. If I played $100,000 (which is closer to what I actually play), the award is worth 0.05%.

Frankly, something worth 0.05% would rarely be enough to tip the play-or-not-play scales into positive territory. Maybe if a play were already worth 100.3%, which is about the minimum I’ll play, I’ll make a play I might otherwise pass on. But that exact circumstance rarely happens.

It turns out that I find such awards most valuable for “keeping Bonnie happy” reasons. 

Bonnie and I keep our finances separate. If I win or lose $40,000 on a trip, it basically doesn’t affect her finances at all. But if I have the advantage on the play, and I can play on her card as well as mine, it’s good for her to make the trip with me, even if there is not much for her to do once she’s there.

So, gift shop awards, at least one nice dinner per trip, free movies in the room, and excursions to sight-seeing places are all part of what we do while we’re there. Sometimes I give her half of my win in a drawing. She’s 80 years old, I’m 77, and staying happy together is a significant part of our game plan. If there is suitable music, we dance for a few hours. If we earn cruises, she gets a big say in where we go. Bonnie’s generally a good sport about coming with me when I take these “business trips,” I want her to look forward to our time together. If getting to go shopping brings a smile to her face, I’m all for it.