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Each spin of the reels is independent of what came before, so a slot machine never becomes “due” for a winYour odds of winning can be found in the pay table on the machine being played. Randomness of every machine is monitored by regulators to ensure fairness.

The Math of Casino Slot Machines. For every dollar you wager in a slot machine, you will lose 100% - Payback% of that dollar. For example, you're at Bellagio playing the $1 Double Diamond slot, wagering Two Credits ($2) per spin. According to the table, for every $2 spin you will lose 5.33% of.

Myvegas slot free coin facebook. Now that Hyatt Gold Passport elite members can receive matching status and benefits with M life, the rewards program for MGM Resorts, I thought it would be interesting to learn more about how it actually works. First, casino rewards generally confuse the hell out of me, so it’s a fun challenge. Second, it’s still a loyalty program! What am I missing out on? Third, I plan to spend a lot of money at their resorts due to a bachelor party and another trip coming up, so I want to know if that loyalty is worthwhile.

Background on M life

Most casino programs are extremely complicated. It doesn’t help that the earnings and redemption options are poorly publicized or that the terms and conditions are covered with layers of fine print. MGM’s own T&Cs stretch on for pages and are contained in collapsible tabs that don’t allow easy searching. I had a difficult time figuring out what an “M life-eligible stay” was until I re-read the FAQs provided by Hyatt for their new partnership. They include:

Stays booked through M life (either online or over the phone).
Stays booked through the hotel’s own web site.
Other stays where you still make payment directly to the hotel.
Stays booked through Hyatt.com or through a Hyatt Global Contact Center.

I’ve learned in the past week that booking through M life can earn you a good 10-20% discount over the lowest rate on the hotel’s own website. I saved several hundred dollars on three rooms for my bachelor party, and I just opened a fresh account online with no prior activity! There’s also a thread on FlyerTalk with some particularly good discounts and resort credits through the end of July. Total meltdown slot machine online.

You can’t book more than one room online, but it’s easy enough to go through the process again or get the discount extended if you book over the phone. That’s another thing: book online and you pay a one night’s deposit (still refundable), butusing the phone avoids the deposit requirement.

Earning Tier Points with Hyatt and M life

You will earn 5 Gold Passport points per dollar spent at participating MGM Resorts (essentially the 12 on the Las Vegas Strip), including any elite bonus for Gold Passport Platinum or Diamond status. You also earn 25 Tier Points per dollar in M life. You will earn Gold Passport stay and night credit only for your own room, though you still earn Gold Passport and M life points for all rooms in your reservation.

This is much like how you earn stay and night credit when staying at a Hyatt hotel. However, there’s one catch. Many people (including me) have commented that you can get cheap mattress runs by staying at some of the less expensive MGM Resorts. This is true, but they will not count for a Hyatt Diamond trial. Qualifying nights for a Diamond trial must be completed at a Hyatt hotel.

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Over the two upcoming stays, I expect to spend about $3,000. This will be worth 19,500 Gold Passport points including my 30% Diamond elite bonus and also 75,000 M life tier points. That’s enough tier points right there to earn M life Gold status, although my Gold Passport Diamond status will be matched to M life Platinum (200,000 tier points).

Qualification Period

Since I touched on elite status, it’s worth noting the window for accumulating tier points and benefitting from elite status is different with M life than with many traditional hotel programs. Hyatt Gold Passport counts the number of nights or stays you accumulate between January 1 and December 31 in 2013 (for example). Your status is then valid until February 28 of 2015 — this includes the remainder of 2013, all of 2014, and a short period at the beginning of 2015.

M life doesn’t count nights or stays. That’s what tier points are for. The terms and conditions explain that the earning period is from October 1 through September 31. Your status is then valid for the remainder of the current earning period and all of the next earning period. So if you earned 75,000 tier points by September 1 in 2013, you would have Gold status through September 30, 2014. If you earned all 75,000 tier points on or after October 1, 2013, then you would keep your status through September 30, 2015.

I’m not sure how this difference in calendars will affect the status match program. My guess is that if you have a particular M life status in March, the corresponding Gold Passport status will carry over to February the next year. If you have a particular Gold Passport status in October, the corresponding M life status will carry over to September the next year.

Tier Points vs. Base Points vs. Comps

Tier points are how M life keeps track of status, but base points are what determine FreePlay and Express Comps. As far as I can tell, you don’t earn any base points from hotels, restaurants, or other non-gaming purchases. Base points are only earned by gambling. But these base points do contribute to your tier points. For every 1 base point, you get 10 tier points. You also earn 1 cent in Express Comps and 1 cent in FreePlay.

So if you plan to set foot on the casino floor at all, you’d want to know how to earn the most base points, but this is where things get complicated. The way you earn points is sometimes based on complex mathematical formulas. Venetian and Palazzo’s Grazie program uses a calculation called “theoretical win,” which is another way of saying “theoretical loss.” Except these numbers aren’t published on the side of every machine, so it’s not the most predictable system. (M life itself does the best job I’ve seen so far of comparing all these different casino rewards programs.)

Fortunately, the number of base points you earn with M life is not quite so opaque as Grazie, even if it remains complicated: Expect to earn 1 base point for every $3 gambled on slot machines or every $10 gambled on video poker. Base points awarded for table games are determined by the pit boss based on how long you gamble and your betting pattern, but one number I’ve heard is 300 base points per hour when betting $25 a hand at blackjack. Because blackjack has some of the worst odds for a casino, I imagine other table games pay even higher rewards.

Your M life elite status also affects the base points earned. You get a 10% bonus for Pearl status, 20% bonus for Gold, 30% bonus for Platinum, and 40% bonus for NOIR (invitation only, or is it?). As a Gold Passport Diamond member, I will be matched to M life platinum and get a 30% bonus. So for every $3 I bet on a slot machine, I will earn 1.3 cents in Express Comps and 1.3 cents in FreePlay.

Practical Example of Earning Points

Let’s assume I gamble $300 on a slot machine. It doesn’t really mean I lose $300, just that I bet a total of $300 over time. Assuming a 10% average loss, I still walk away with $270. With $300 coin-in, I would earn 100 base points plus an additional 30 base points for my Platinum elite bonus. Those 130 base points are worth 1,300 tier points, $1.30 in FreePlay, and $1.30 in Express Comps. You can accumulate up to $5,000 in Express Comps for things like retail purchases, meals, and show tickets. NOIR members can accumulate up to $10,000 in Express Comps.

So lets ramp this up. If I gamble $3,000 every day during a three-day trip, I will have a total of $9,000 coin-in. Assuming a loss of 10%, I still walk away with $8,100 — I’ve only lost $900 out-of-pocket for all money I’ve cycled through the machine. (Those of you who do manufactured spend should understand the conce

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