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Cost of mLife platinum

Discussion in 'Comps' started by mightywabbit, Nov 25, 2012.

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  1. mightywabbit

    mightywabbit Tourist

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    Anyone good in math...?

    To get to platinum mlife from where I am now, I would need 200k tier points..

    Which are 20 K base points... 1 point is 3$ at slots...

    Playing a 95% slot I would have to put in 60K coins.

    So that would mean an average of 3000$ loss?

    Happy about input.. Leaving in two days...

    Greetings to the forum which helps me make it through the wait...
     
  2. mightywabbit

    mightywabbit Tourist

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    It will be on lions share..... :nworthy:
     
  3. Auggie

    Auggie Dovahkiin

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    You would need to play through a little over $46,000 in the slots to reach Platinum.

    If you are expecting to lose about 5% that would add up to $2,300.

    With that much play you can expect to earn roughly $200 in Express Comps and $155 in POINTPlay.


    The math above doesn't take in to account hotel charges or money spent on dining and shows/entertainment where you also earn 25 tier credits per dollar spent.
     
  4. dunebug81

    dunebug81 VIP Whale

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    so 1 base/session point = 10 tier points?
     
  5. jpw711

    jpw711 VIP Whale

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    In Vegas, yes

    Mississippi: 1 Base = 2 tier points

    Detroit, it's 1 to 1 (I believe)
     
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  6. Kimsa70

    Kimsa70 High-Roller

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    Not to be Debbie Downer, but I lost 3k at Belllagio on slots over 3 nights, earned 70,000 tier points and only $70 in comps. I've already hit Platinum, and an currently Noir. I'm not sure of my coin-in from the recent trip. The prior trip, lost 5.5k on slots, had $47,000 coin-in over 3 days, earned only 60,000 tier credits, and $186 express comps. I had to work through my host and the manager of mLife to get my tier points accurately credited. The new formula results in so little, it will curb my eating in the nicer restaurants and ultimately my trips to Vegas, too. I used to earn at least $300 in express comps with less coin in.
     
  7. dunebug81

    dunebug81 VIP Whale

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    Yeah I cant bring myself to play slots at Gold Strike or the Beau for that reason. Table comps are lower too but they have crapless craps and I cant stay way from that.

    Ive yet to have a reasonable answer for any MGM employee why my money is worth 1/5th in Mississippi then Nevada. The usual response I get its a different gambler. I guess its ok to screw over the people of Mississippi (more so then they already are by having to live in Mississippi).
     
  8. Auggie

    Auggie Dovahkiin

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    Its because they are what would be considered a "locals casino", whereas the casinos in Las Vegas would be "destination casinos".

    The problem is that slot programs generally only work for one group or the other (locals versus vacationers):
    - if they make the program really "loose" for the occasional vacationing gamblers then the locals gamblers generally tend to fly up in the program's rewards to levels that don't truly represent their value - where a small time penny ante slot grinder is able to reach the highest levels of the program.
    - if they tighten the program up to keep the locals down to more realistic levels then typically the vacationing gamblers don't earn enough with the program, representative of their value to the casino.

    This is a problem that Total Rewards has had for years and why on some holidays, long weekends or general busier times of the year they can get a lot of low rollers occupying some of their nicest Las Vegas resorts: somebody who has a Total Rewards casino near where they live and goes an average of 2-3 times a month with a budget in the area of $100-200 per trip should be able to attain the Diamond level.

    With MLife it'd pretty much end up the same where small stakes grinders who just happen to have an MLife casino near them would be able to make it to the Gold and Platinum levels pretty easily.
     
  9. dunebug81

    dunebug81 VIP Whale

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    I get all that but a grinder at MGM or CET isnt going to have the ADT that will afford them the high roller vacation. They just get a fancy color card and a shorter line in the buffet. Even despite the lower comps in Mississippi my hosts have no issue comping whatever I ask for.
     
  10. jpw711

    jpw711 VIP Whale

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    I find I get better comps in Mississippi, with less play. The past two years, I've been playing at the Beau (when they send a plane) or Gold Strike when I get the itch, but stay at a locals joint when I go to Vegas. Best of both worlds.

    I can understand the Gold Strike being a local destination, though I do think the Beau is more of a destination, especially with the number of junkets that come in. Since comps are based on ADT, card color really means nothing besides faster EC growth (though I haven't noticed it) and the occasional line pass perk. I seriously doubt if I even attain gold status after this year is done. Still burns me though that money played is worth 5 times as many points in LV.
     
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  11. nostresshere

    nostresshere Mr. Anti Debit Card

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    (lets assume it is 95% for discussion, only)

    Sorry, but putting any math against a slot machine hold is not going to work, unless of course you are planning to play a few million pulls.

    That hold is over the life of the machine. Not over a few days. If it does not pay out the top prize in a few days, the hold for that period of time is going to be much higher than 95%/ For example, if the top prize is $5,000 on a certain machine, it has to take in at least 5% ABOVE $5,000 to get to that. But, of course, it has lots of other little hits along the way as well. So, you could easily blow through $60k and have nothing. You cold also play $20 and get a big one.
     
  12. mightywabbit

    mightywabbit Tourist

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    Thx for all the replies....

    What would a realistic number be for playing on the lion share progressive?

    Any idea anyone?

    Honestly, what I mostly want is the cab line bypass..... LoL
     
  13. nostresshere

    nostresshere Mr. Anti Debit Card

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    Not clear on the question. At Mlife, you get points based on cash BET, or played on each slot. Sadly, some idiot accountant decided that certain machines are "specialty" slots and it gives less credits.

    Either way, the credits you earn has close to nothing to do with the payback or hold on a certain machine.
     
  14. mightywabbit

    mightywabbit Tourist

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    I would like to play on the lion share machine, most know this one, its 1$ 3 credit play...

    I was only wondering about estimates on losses to get 50'000 coin in...
     
  15. dunebug81

    dunebug81 VIP Whale

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    That's an impossible question to answer.
     
  16. mightywabbit

    mightywabbit Tourist

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    Great answers, where an answer possible, thanks to all, 48 hours to boarding time!

    I hope I'll have good news (about losses/winnings) to report about..

    Great forum with great members....
     
  17. CaptainJack

    CaptainJack Low-Roller

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    I would put the Lions Share progressive at an 85% return if you don't factor in the progressive...which considering its never been hit, i think you can rule it out. Probably one of the worst machines possible to target platinum on.
     
  18. mightywabbit

    mightywabbit Tourist

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    What an honor to get a reply from CaptainJack!!!

    Which machine would you recommend?

    Great trip reports, btw..............
     
  19. mike_m235

    mike_m235 Tourist

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    If your pure goal was to hit platinum for the cheapest price with the lowest variance (ie, you want to lose as close to the math as possible) then you'd want to go with JoB VP, 50 or 100 line.
     
  20. Kimsa70

    Kimsa70 High-Roller

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    And you'll probably need at a minimum a bankroll of $7,000 - $10,000 to guarantee Platinum, and even that may not be enough.

    GOOD LUCK!
     
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