From my friend who worked at the WSOP (actually in the department
that paid
the winners).
>> .......I think that the dealer's share of the tournament fees
collected
was 0.75% of $10,000 x # of entrants ( if this number is incorrect,
then it
was 1.5% of all monies collected ). So, if you won $12,000,000.00,
you have
already paid $90,000 ( or $180,000 ) in dealer tips. There is another
5.25% ( or
4.5% ) in fees that also is deducted from your winnings. So, in
theory, a
$12,000,000.00 winner has already paid in tournament fees and
tokes 6%...so,
any additional funds? I do not know, did not hear and do not ..........
<<
Karen
From Toronto
Dealing is not just a service to the winners. In the old days, dealers
were not guaranteed anything and it was customary for the winners to
tip. But, some didn't and in those cases the dealers got the shaft.
Now the dealers have their guarantee but still have their hands out.
The final five of last years World Series took alot of heat for not tipping,
but I beleive they were correct. At .75% everyone in the tournament, in
effect tipped $75. A healthy amount considering most of the field
doesn't make it through the first day.
I was told by reliable sources that the dealers averaged $27 per down at
the Hachem World Series. That's for all events, not just the final.
A "down" is one half of one hour. Throw in the paycheck and that's
some pretty good jack, Jack.
I don't fool with the daily tournaments in Las Vegas (they are
everywhere) because of the 20% juice and the dealers with their hands
out when you place in the money.
···
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