"Jesus" advises Yang to stiff dealers?

[Kevmath]

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 ]

[DesertCat]

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?

[Ramon Scott]

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

[fnurt]

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.

[Butcho22]

^^ well said ^^

[DesertCat]

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?

[phiphika1453]

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

[THAY3R]

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

[phiphika1453]

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.

[DesertCat]

[ QUOTE ]
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...