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Old 07-19-2007, 05:17 PM
El Diablo El Diablo is offline
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Join Date: Sep 2002
Location: Parts Unknown
Posts: 33,802
Default Re: \"Jesus\" advises Yang to stiff dealers?

p,

"Next, we do not get paid by the hour this year, we get paid by downs (each table we deal), we do get an hourly $6.41 from harrahs."

"means that we should only recieve $214 for 11 days of work? Hmmm that doesnt sound to good to me."

"Now We started the main this year with over 700 dealers"

OK, so let's work out the math here.

There were 700 dealers involved in dealing during the 11 days of the ME.

These dealers split the following:

Hourly rate of $6.41
$60,000,000 * 1.8% * 65% = $702,000
Tips when dealing cash games
Additional tip pool from other tourneys during this time

So, a dealer who dealt 8 hours a day over these 11 days would make about $1565 [$564 ($6.41 * 8 * 11) + $1,000 (700k/700)] PLUS tips they received while dealing at cash games.

Is that correct, p? Please correct the assumptions regarding how many downs the average dealer dealt in tournament and cash games.

The way many reasonable posters on this forum approach this issue is to think about whether or not the dealers are getting paid a fair wage when all things are taken into account.

The numbers make it look like dealers are getting paid far more than the $214 you thought you would get paid, more like in the $1500-2000 range.

Do you feel like the actual numbers are fair compensation for this period? If not, what would you consider reasonable compensation to expect for dealing the WSOP?