Just a further comment on this change. I got stung by the change
without knowing there had been a change. When I signed in for the
tournament, they specifically said that the play requirements were
the
same as in March. I had my 2500 Players Club points, but was told
Saturday night that I wasn't qualified, and only had about 1050 theo
points. If I had known earlier, I would have gotten the additional
play in, but I could not do it in the short time I had when I was
told. Gloria knew nothing about it until she was asked and she went
and found someone who was able to tell her of the change. My score in
the early qualifying round would have put me in the semi-finals where
there are 36 players and a prize pool of $250,000. I was not allowed
to play, and I was not happy about my $6900+ ev being taken away with
no warning by the stroke of a pen.
I was told that the new theo rate on the triple play 9/6 Jacks is
1.35%. In March it was at least 3.2%. I have no way of knowing if it
was higher than that, but I believe I was told in the past that it
was
4%. Several years ago I was told that you needed a $1700 theoretical
loss to qualify as C-2. I am sure that requirement is now higher but
I
don't know how much. Assuming it went up to $2500 for C-2, then you
needed to play about $21K per day with a theo of 4%, but you would
need to play about $62000 coin-in per day with the new theo of 1.35%
for that level. Excuse me, but we are talking about the LVH here.
I have an offer from LVH for $600 in promotional chips that has the
following on it: "A MINIMUM OF 4 HOURS OF RATED PLAY IS REQUIRED AT
YOUR AVERAGE HISTORY LEVEL PRIOR TO RECEIVING YOUR PROMOTIONAL
CHIPS."
If the requirement is for coin-in, it is no problem, but if it is for
theo, then there is no way that I can find a playable machine where I
can jam that much money through to have an hourly theo equal to the
theo I obtained at the old rate. I'll check it further.
I received my September mailer from the Hilton today, and the $200
bonus cash that I have been receiving every month for quite a while
is
gone. Zero---nada.
I have the bad feeling that LVH is not going to be a visitors play
anymore. I hope that is not true, but it seems to be the case.
Nevertheless, the $ single line NSUD Royal eased the pain a little.<g>
Here for weekend LVH invitational tournament where qualification
into final
rounds is predicated upon having 2500 in theo.
Previously could play up to 2500 pts & be assured that would have
enough
theo (at least 2500) to qualify. Just played 16 hrs of $ Pick'Em &
got to 2500
pts & theo is about 1/3 of 2500 needed. Have heard from other
players that
theo drop has been even steeper on the $ triple-play JB & the
quarter 10-play
JB. Would expect that the other full-pay & near-full-pay vp have
also been hit.
