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Old 07-19-2005, 12:03 PM
Rzitup Rzitup is offline
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Join Date: Sep 2002
Posts: 277
Default Re: Your new WSOP champ is a chump.

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3% of the WSOP cash purse is withheld for dealer tips


a $100 tip is fairly generous and unnecessary considering he is already tipping 3% of his 7.5 million.


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Bull.

Technically, every single person that entered the main event tipped the dealers, including the first person to bust out.

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Neither method dexcribed of allocating the tip is correct. To consider the fellow that busts out on the first hand as contributing his full share is ridiculous. Straight allocation on the share of the prize pool is not satisfying either. Since tips in ring games are given by hand, I would base it on number of hands a person is dealt. Since those on the final table were dealt at least ten times as many hands as the median participant, his share might be around $2500. And if they give more tips to the top dealers who deal on the final day, that fact could be used to increase the share of tips from the top players.

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Who paid the $1.1 million can be spun any way you want it to sound good. The bottom line is that each person that cashed received an amount that was less than they would have had they not withheld the 2%. I was paid $28,375. If they didnt withold the 2% I would have received appx. $1,400 more than that. I tipped $1,400, the person that went out first tipped nothing. Joe tipped about $150,000.