\"Jesus\" advises Yang to stiff dealers?
 

The latest post over at www.pokerati.com tells the story of Jerry Yang (with advice from Chris Ferguson) allegedly not tipping the dealers after his win earlier this morning.

An excerpt:

[ QUOTE ]
At that point Ferguson pointed out what that came out to — $148,500 by my calculations, but not certain that’s the number he cited — and said, according to a mostly reliable source who was in the payouts room, “So I recommend zero.”

[/ QUOTE ]

Re: \"Jesus\" advises Yang to stiff dealers?
 

Raymer has talked about this. You should not tip a percentage of a big win, you should come up with a reasonable per hour tip rate for the dealers. Ferguson has apparently done the math and determined that $148,500 works out well, so why leave any more?

Re: \"Jesus\" advises Yang to stiff dealers?
 

Lam went around giving extra tokes. He is also a former dealer.

Re: \"Jesus\" advises Yang to stiff dealers?
 

Every year it seems like there's drama about what someone tipped or didn't tip.

Ferguson simply pointed out that he already had $150,000 taken out of his prize for the dealers. That seems like important information. When they ask you if you want to leave a tip, I don't think they say, "You've already tipped $150,000, would you like to leave anything more than that?"

If someone told me that the guy won $8 million and left a $150,000 tip for the dealers, I would think that sounded like a nice tip. I'm certainly not going to think less of the guy because the tip was automatically deducted.

If I go to a restaurant and they automatically add an 18% tip onto the check, and that's all we leave, I think it would be pretty lame to claim we "stiffed" the waitress. Yet that's the title of this post.

Re: \"Jesus\" advises Yang to stiff dealers?
 

^^ well said ^^

Re: \"Jesus\" advises Yang to stiff dealers?
 

I'm guessing that there were about 10,000 dealer hours at the Main Event. 1.8% was taken from a $60M prize pool, which works out to $960,000. 30% went to management, leaving $612,000 for dealers. So dealers got tipped around $60 per hour?

That can't be right. What's wrong with my math?

Re: \"Jesus\" advises Yang to stiff dealers?
 

probably the dealer hours, how did you get that number?

Re: \"Jesus\" advises Yang to stiff dealers?
 

Probably undershot the dealer hours a bit. There was around 10k dealer hours for Day 1 alone I'd think.

Re: \"Jesus\" advises Yang to stiff dealers?
 

that article said they were guaranteed $25 per down. Without any extra tips that is still good money. 12-14 downs a day seems like a fair estimate. 14*25= $350/day.

Um, they make plenty.

Re: \"Jesus\" advises Yang to stiff dealers?
 

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probably the dealer hours, how did you get that number?

[/ QUOTE ]

Just guessing. I used an average of 100 tables per Day 1 (assuming they started at 150 and ended at 50), and 14 hours per day. 100 x 14 x 4 days = 5600 hours. If that's correct it's pretty hard to even get to 10,000 hours when you are already down to 1600 players by the day 2s. I think I must be off by a factor of two or three somewhere...