BigJer
BigJer
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February 1st, 2014 at 2:46:11 PM permalink
This doesn't seem to be fair. Should I play that tourney again?
The Terror of Casinos.
aceofspades
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February 1st, 2014 at 2:49:10 PM permalink
Quote: BigJer

This doesn't seem to be fair. Should I play that tourney again?




Standard operating procedure…buying back in is all profit for the house
BigJer
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February 1st, 2014 at 2:52:30 PM permalink
Hmm. OK.
The Terror of Casinos.
Beardgoat
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February 1st, 2014 at 3:16:37 PM permalink
How do you figure that rebuying back into the tournament is all profit for the house? The money goes into the tournament pot right?
aceofspades
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February 1st, 2014 at 3:19:33 PM permalink
Quote: Beardgoat

How do you figure that rebuying back into the tournament is all profit for the house? The money goes into the tournament pot right?




Every tournament I have been in has been a set amount - the prize money was set before any buy-ins. As such, the house can only gain by allowing buybacks
Beardgoat
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February 1st, 2014 at 3:22:13 PM permalink
Ah disregard. I'm thinking poker. This is a blackjack thread. Sorry ace
aceofspades
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February 1st, 2014 at 3:22:52 PM permalink
Quote: Beardgoat

Ah disregard. I'm thinking poker. This is a blackjack thread. Sorry ace




It's all good!
Kickass
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February 1st, 2014 at 3:37:52 PM permalink
Ace, did they provide this option to everyone? If so, it is very common to have the bonus chip buy-in.
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AxelWolf
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February 1st, 2014 at 3:40:17 PM permalink
Quote: Beardgoat

How do you figure that rebuying back into the tournament is all profit for the house? The money goes into the tournament pot right?

Do you get a receipt, or do they just take the money and give you the chips? If the latter be careful, this was going on for many years at the Riverside in Laughlin. The poker manager was pocketing a nice amount of money from the weekend add on's and re buys tournaments . Most of the local AP's and employees knew this was going on and avoided playing the tournament when he was working(which only seemed to be during the tournaments especially Fri,Sat night ) . No one wanted to rock the boat, this guy had a lot of old school clout(he always took care of me). Not to mention the poker room had nice promotions and was the best place to play at the time.

Dealers had to pay him and other management just to deal the game. I think it was $20 to $40 bucks a shift, this was all legal(grandfather clause?) from what I understand.

I found there was a lot of value in the tournaments even with his theft. Especially since the good players avoided the tournament out of principle and didn't like this guy.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
BigJer
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February 1st, 2014 at 3:44:17 PM permalink
Ooops.
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aceofspades
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February 1st, 2014 at 5:55:16 PM permalink
Quote: Kickass

Ace, did they provide this option to everyone? If so, it is very common to have the bonus chip buy-in.





Yes, for example, when I played in the now infamous MGM tournament last month ( where I lost on a misdeal ), if you lost in the first round, you could buy in and play the first round again for $500. People bought in multiple times after they lost int he first round on their free invite
Deucekies
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February 1st, 2014 at 8:36:54 PM permalink
Quote: AxelWolf

Dealers had to pay him and other management just to deal the game. I think it was $20 to $40 bucks a shift...


Back the truck up. Dealers were PAYING to deal the blackjack tournament? Were the tips that good? Why would a dealer do anything to go out of their way to deal a tournament? Live tables are so much more lucrative and less of a PITA.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
AxelWolf
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February 2nd, 2014 at 3:54:02 AM permalink
Quote: Deucekies

Back the truck up. Dealers were PAYING to deal the blackjack tournament? Were the tips that good? Why would a dealer do anything to go out of their way to deal a tournament? Live tables are so much more lucrative and less of a PITA.

I was responding to a poker question. I was talking about poker dealers.

They may still do this.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Deucekies
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February 2nd, 2014 at 1:47:32 PM permalink
Quote: AxelWolf

I was responding to a poker question. I was talking about poker dealers.

They may still do this.


Mea culpa. My point still stands though. Tips in a live poker game are good too. How good do the tips have to be in this tournament that it's worth paying for the privilege of dealing it.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
AxelWolf
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February 2nd, 2014 at 2:38:18 PM permalink
Quote: Deucekies

Mea culpa. My point still stands though. Tips in a live poker game are good too. How good do the tips have to be in this tournament that it's worth paying for the privilege of dealing it.

I was going to explain(I just thought it would be assumed) that the dealers also dealt the live games before, after and possibly during the tournament. the prize pool was not that huge, they may of had 4/5 tables it was a cheap initial buy in of $20, but ended up being about $100 total. It was set up in such a way where the money for re-buys was collected at the tables 1 person at a time(guess who collected?) . You were rewarded with a nice chip bonus for add on's.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Deucekies
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February 2nd, 2014 at 3:12:24 PM permalink
Ok. I guess I'm still lost on the whole "paying to deal" thing. Dealers don't pay to deal. They get paid.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
AxelWolf
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February 2nd, 2014 at 4:30:14 PM permalink
Quote: Deucekies

Ok. I guess I'm still lost on the whole "paying to deal" thing. Dealers don't pay to deal. They get paid.

I'm not sure how more clear I can be. At the Riverside casino in laughlin Poker dealer's had to pay a fee to management per shift to deal period. They would make up for this with tips I don't know what hourly they got from the casino. I don't know if this happens now. It was like this in 2005.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Deucekies
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February 3rd, 2014 at 12:54:40 PM permalink
Quote: AxelWolf

I'm not sure how more clear I can be. At the Riverside casino in laughlin Poker dealer's had to pay a fee to management per shift to deal period. They would make up for this with tips I don't know what hourly they got from the casino. I don't know if this happens now. It was like this in 2005.


Ok. I guess I understand. I can't believe that that's a legal business practice, and I wouldn't be caught dead doing it, but I guess if they get people to do it, good for them.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
AcesAndEights
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February 3rd, 2014 at 7:08:08 PM permalink
Quote: Deucekies

Ok. I guess I understand. I can't believe that that's a legal business practice, and I wouldn't be caught dead doing it, but I guess if they get people to do it, good for them.


If the tips coming in are really that big, it doesn't surprise me at all. Strip clubs work under a similar premise; typically the girls have to pay "rent" to dance on the stage and make their money via tips.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
Buzzard
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February 3rd, 2014 at 7:38:58 PM permalink
Next you will be telling me some girls have to bang the boss to get a better shift. Surely that never happens.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
AxelWolf
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February 4th, 2014 at 12:25:19 AM permalink
Quote: Deucekies

Ok. I guess I understand. I can't believe that that's a legal business practice, and I wouldn't be caught dead doing it, but I guess if they get people to do it, good for them.

I don't know if its legal anymore or if the Riverside still dose this anymore. I was told they were grandfathered in at the time i knew it to be happening. Since the Riverside was still owed by Don Laughlin at the time apparently he wanted to keep it old school. Other places were known to do this as well.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
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