Quote: BigJerThis doesn't seem to be fair. Should I play that tourney again?
Standard operating procedure…buying back in is all profit for the house
Quote: BeardgoatHow 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
Quote: BeardgoatAh disregard. I'm thinking poker. This is a blackjack thread. Sorry ace
It's all good!
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.Quote: BeardgoatHow do you figure that rebuying back into the tournament is all profit for the house? The money goes into the tournament pot right?
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.
Quote: KickassAce, 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
Quote: AxelWolfDealers 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.
I was responding to a poker question. I was talking about poker dealers.Quote: DeucekiesBack 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.
They may still do this.
Quote: AxelWolfI 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.
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.Quote: DeucekiesMea 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'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.Quote: DeucekiesOk. I guess I'm still lost on the whole "paying to deal" thing. Dealers don't pay to deal. They get paid.
Quote: AxelWolfI'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.
Quote: DeucekiesOk. 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.
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.Quote: DeucekiesOk. 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.