The Caesar’s Reward program often has promotional days where you earn 5X, 7X, or 10X Tier credits. It’s possible to achieve Caesar’s Diamond, Diamond Plus, or Diamond Elite status with a minimal amount of gambling. With a 10X Tier Point multiplier, someone can reach Diamond with 14k coin-in , Diamond Plus with 24k coin-in, and Diamond Elite with roughly 65k coin-in in video poker. With a 99.54% RTP Jacks or Better machine (e.g. at the El Dorado in Reno), the expected loss is only $64, $110, and $299 respectively for each tier.

In early 2023, I played enough to reach Diamond Elite until 1/31/2025. I significantly underperformed the expected value of roughly $300. The real cost for me was $2887, divided up into:

1. Car Rentals $177
2. Hotel Stays: $55
3. Gambling Loss: $2655

In return, I received over $2900 in benefits:

1. Monthly Sports Bets, returned $670
2. Reward Credits: $75
3. Airfare Credit: $1200
4. Reno Freeplay: $100
5. Atlantic City Freeplay: $275
6. Uber Eats Credit: $100
7. Two weekend nights in a Caesar’s Palace Suite: $300
8. Tier match to MGM Platinum: $200
9. One night at Caesar’s Atlantic City: $50

So even though I was unlucky on the gambling side, the value of the benefits still outweighed the cost. I also did not redeem the 5 free nights for achieving 25k tier credits, or the 4 free drinks per day in Vegas. I also had offers for 3 stays in Las Vegas that I booked but ended up canceling.

Diamond Elite requires significantly higher play than just Diamond but is well worth it if you can handle the variance. For about $250 more in expected loss, you get $1200 in airfare credits and roughly $800 in free bets on Caesar’s Sportsbook, in additional to better comp offers.