Caesars Entertainment

I have not played a major invitational tournament in Las Vegas since early in the year until this week. I was very suprised to find that All payouts are in table play vouchers or reel rewards. No cash prizes at all in either the 75K video poker or 150K Blackjack. This is not the case in either Reno or Laughlin. Anyone experience this in the rest of the country?

These are not easy to get into. I would think they would at least be willing to pay. Haven't discovered yet if they are going to cut the free play prize pool if the tournament is not filled.

 

They actually oversubscribed so raised the prize pool to 258K. Still all free play but worth the $150 I paid to rebuy. Could not catch a hand on the first round winning or pushing only 5 out of 20. The drunk who did not know what planet he was on got 5 blackjacks. Oh well, I'll try again today.

 

casino script

So, with a lot more play script issued as "prize" money, anyone have any new ideas on how to play out the winning script?

 

Caesar's Promo Chips

The chips at this tournament were actually the good kind that you play until you lose. You could also take free slot play if you desired. They ended up with 918 entries and increased the prize pool to $258,000 paying 108 places. Unfortunately I wasn't one of them, and I didn't see any BJTers that I knew cashing anything. In my opinion it was a much better tournament than the Hilton's large tournaments, and if you get a chance should try to get in future ones.

 

I did not have any success either. Made it out of rebuy only to lose in the next round. I can usually get in if I call my host but we are in Reno so I try to do several in a trip.

What I have won in the last several vp tournaments, I have managed to increase to more than the amount of the scrip playing multi hand 9/6 Jacks in the high limit room. If these were indeed "play til you win" , and I didn't read it that way, then obviously table vouchers are a sure thing.

 

Number 39 in the tournament rules. Vouchers can be played until the participant loses.

 

No luck either

I couldn't advance either. When I got the flyer at registration, I was at first upset they had lowered the prize "reel rewards" by 16-25%. But by the tournament the next day, they had upped the prizes by 50%! On my final hand the dealer rushed me to bet (we only had 10 seconds to act) as I was trying to go high or low. I went low, caught a 20 with a dealer's 10, but one guy got a 19...the dealer ended up with an 18. (One guy had us doubled, two advance.) In the rebuy round, the dealer didn't move the button on hand 16...I told her to, since I had counted remaining hands after we lost a guy and figured I'd get to bet last. She decided she was right and now I would get to bet first. Boy...you gotta watch them and demand your rights! Next time....

 

This isnt worth a pissing match, but I interpret "play until the participant loses" to mean if you lose the hand, you lose the voucher, therefore, not the good kind. Of course, I may be an idiot. I have never been paid in table vouchers. Since it appears that none of us received any to test the theory , it is moot until next time.

My original question still is--Is Caesars doing this elsewhere? Reno and Laughlin are still paying in cash. Will find out about Tahoe next week.

 

Paris Vouchers

Leilahay- sorry I didn't see you or mo there, I saw deltaduke once but was playing round 2 and couldn't say hello. I was fortunate to advance to the semi's without a rebuy and received $3,000 in table game vouchers.

The vouchers are (good) "play till you lose", even money only bets, but I was denied using them for a 3 card poker even money "play" bet although I was going to use real negotiable casino chips for the "ante" bet, you also could not use them for "don't" odds bets at craps although that pays less than even money. I was told they could be used for blackjack with a 1/1 pay for BJ, roulette even money bets and baccarat banker/player bets.

Each winning participant received 10 vouchers based on the amount won, I received 10 $300 vouchers and the $45,000 tournament winner received 10 $4,500 vouchers.

 

OUCH. Variance is gonna be a big factor with the prize money split into only ten bets.

DeltaDuke mentioned that it could be taken as slot freeplay and that's how I'd go with the idea of smoothing out that variance. Harrah's LV has some pretty gruesome video poker even at higher denoms so I'd ask if I had to use the freeplay there or could take it to another property in their corporate fold. Caeser's Palace, Planet Hollywood, Paris, and Rio all have 9/6 JoB in higher denoms. Depending on how much I needed to "burn" the choices would be either $5 or $25 per credit ($5 multiplay / 5 lines would be great but none of those casinos have it). The reasoning is that at $5/credit you have to hit a straight flush or better to generate a W2G, and at the $25 level it would be a quad or better.

If I had the available time, it'd be the $5 level no matter how much freeplay needed to be burned off.

 

Actually the winner got 45 $1000 vouchers. I still have 10 left. I could not find any good tables other than the tournament tables. I'll try the last ten later in the year, since they are good until Dec. 31.

 

Congrats rip. How did you do with the ones you played?

Leftnut, as I said earlier, that is how I played the ones I got from the video poker tournament at rio and others that I have received from tournaments around here. Get reel rewards vouchers and play on the full pay machines in high limit. You can get these to play at any Harrahs property in the Las Vegas area, but you have to pick the property when you claim the prize. I have usually cashed out close to 100%.

Tahoe does have multi line full pay jacks. I'll be there next week lol.

 

And so you did say that. Shame on me. 'Tis what I get for composing posts too early in the morning.

Great! Multiline will smooth out the variance even more. Good luck!!!!!!

 

I tried to find a favorable table, but never did. I played 35 vouchers for $38000. I'll go back later in the year and see if the last 10 can do a little better.

 

Congratulations rip and good luck on those remaining vouchers.

 

A great trick for cashing out free play is on video roulette. You can bet on odd and then bet on even, giving a great chance of cashing out your freeplay. The only way you don't win is, of course, the zero and perhaps the double zero.

I haven't really scouted the video roulette machines in Vegas lately. They may still be there....

 

Odd/Even Roulette

Betting odd/even video roulette is a theoretical $47.37 win On a $50 odd plus $50 even bet ($100 total), 47.37% return, am I missing something?

 

Exactly the same thought as I had. Double zero roulette has a house advantage of 5.26%, divided by 2 then subtracted from the 50% max that is the best return one could possibly realize by betting red and black (or odd and even) until the promo chips were exhausted.

 

The difference is these are bet until you lose vouchers, not promo chips. Potentially you can win more than the face value of the vouchers. By betting to break even defeats the challenge of making more. There is the possibility of losing them, but that's the rush. There are no even bets anyway. Zero and Double Zero are green and not considered even or odd.