How much to tip on a $1 million slot win?
Quote: MichaelBluejayPlease comment on my proposed revision:
link to original post
$1200: $20 tip
$1201-4999: $50
$5000-9999: $75
$10k-99k: $100
$100k-499k: $200
$500k-999k: $500
$1M+: $1000
It's ridiculous.
Quote: MichaelBluejayPlease comment on my proposed revision:
link to original post
$1200: $20 tip
$1201-4999: $50
$5000-9999: $75
$10k-99k: $100
$100k-499k: $200
$500k-999k: $500
$1M+: $1000
$1,200 is $20.
$1,201 is $50?
Here’s to the attendant who sees $1,201 and face lights up.
Quote: MichaelBluejayPlease comment on my proposed revision:
link to original post
$1200: $20 tip
$1201-4999: $50
$5000-9999: $75
$10k-99k: $100
$100k-499k: $200
$500k-999k: $500
$1M+: $1000
I am big on formulas. Maybe that's why I get passed checks all the time to figure out the tip. Maybe you're right about most people not being able to do simple percentages.
Here is my advice. Say something like, "Following is a general tip guideline for various jackpots. For jackpots not listed, tip on a pro-rata basis according to the the closest jackpots listed below and above. Of course, also consider the quality of the service."
$1200: $20 tip
$10000: $50
$20000: $100
$50000: $200
$250000: $500
$500000: $1000
$1M+: $2000
You can see I upped the tips. I couldn't help it. Of course, it's your call.
I like this idea a lot. Instead of giving a range for jackpot amounts, you gave a single amount, and leave it to the user to figure the tip by finding their jackpot amount between two of the listed amounts. That's the secret sauce I was missing, thanks.Quote: Wizard$1200: $20 tip
$10000: $50
$20000: $100
$50000: $200
$250000: $500
$500000: $1000
$1M+: $2000
You can see I upped the tips.
You actually lowered the tip amount in certain cases. I had a $50 tip for as little as a $1201 hand pay, while your minimum for a $50 tip is a $10k handpay. And you had $100 tip for $200k handpay, while with my schedule, the $100 tip started for as little as a $10k handpay.
Here's my revised proposal:
$1200: $20 tip
$5000: $50*
$10,000: $100
$20,000: $200
$50,000: $300
$250,000: $500
$500,000: $750
$1 million: $1000
*This line was missing from the Wiz' schedule, but $5k payouts are more common than >$5k payouts, so I think we need a $5k line.
Discuss.
Okay, if I win 1 billion, maybe a bigger tip. $500 and some advice. "Plant your corn early."
Quote: 100xOdds$1M prize.Quote: Mission146Why do I want to make sure the attendants pay taxes on it? They're legally obligated to, of course, but that's none of my concern whether they actually do it or not.
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you accept $950k (and are only taxed on 950k).
the slot attendant gets the other $50k. you dont care how s/he handles the taxes.link to original post
No.
I would even take this a step further and add a $2k or $2500 tip point. It seems to me that Easy Vegas visitors would tend towards the less experienced, low-roller demographic. As such, I think that the vast majority of hand pays they would see would be in the $1200 - $5000 range. So, it would be nice to see another data point somewhere in there.Quote: MichaelBluejaylink to original post
*This line was missing from the Wiz' schedule, but $5k payouts are more common than >$5k payouts, so I think we need a $5k line.
Discuss.
Quote: TDVegasHas anyone ever tipped the staff at lottery headquarters when they claim their multi million dollar mega or powerball jackpot? Do people go back to the store where they bought the ticket and toss around thousands to the cashiers?
link to original post
Isn’t tipping in this case more “forced” than anything? I can see tipping a dealer…but a slot attendant is merely a conduit for you to get your money.
I’m not suggesting not to tip…do as you please. I’m merely suggesting it might not make sense beyond an “obligation” factor of some kind.
I don't think state lottery employees are allowed to accept tips.
Once I offered a tip to a security guard who walked me to my car after a big win and he said security guards could not accept tips.
Another time a security guard came with the hand pay people at a "rough casino." In this situation the guard also refused a tip.
Quote: WizardWhat do you think of this formula: tip = 2*sqrt(jackpot-1100). This was designed to get close to $20 for $1200 and $2000 for a million. Here are some examples of tips by jackpot:
Jackpot Tip $1,200 $20.00 $2,000 $60.00 $3,000 $87.18 $4,000 $107.70 $5,000 $124.90 $10,000 $188.68 $15,000 $235.80 $20,000 $274.95 $25,000 $309.19 $50,000 $442.27 $100,000 $628.97 $1,000,000 $1,998.90 $15,000,000 $7,745.68
Of course, round up/down as you see fit and consider the level of service as so forth.link to original post
I'm cheap. I've hit three 100k royals and my tips were $400, $300 and $300.
At Caesars a $1250 hand pay comes with two 20s and a ten. I'll tip the 10.
But at Bellagio a $1250 hand pay comes with two 20s and two 5s. I tip the 5 and never got a sour look.
I'd thought about doing that, for the same reason, but at $20-50 for $1200-5000 respectively, I think $20-50 is tight enough that it doesn't benefit much from further granularization. If someone gets a $2500 jackpot and they see they need to tip between $20 and $50, they'll succeed no matter how much they pick.Quote: JoemanI would even take this a step further and add a $2k or $2500 tip point.
Quote: MBJ*This line was missing from the Wiz' schedule, but $5k payouts are more common than >$5k payouts, so I think we need a $5k line.
$50 for $5,000.
Quote: rxwine"Plant your corn early."
link to original post
I wait until June to plant mine.
$40 would be ok as well.Quote: Wizard$50 for $5,000.
Quote: rxwine"Plant your corn early."
link to original post
I wait until June to plant mine.link to original post
Well, your response was similar to Scott's at Vital Vegas in terseness. He said only, "Inadequate in every instance."Quote: billryanQuote: MichaelBluejayPlease comment on my proposed revision:
$1200: $20 tip
$1201-4999: $50
$5000-9999: $75
$10k-99k: $100
$100k-499k: $200
$500k-999k: $500
$1M+: $1000
It's ridiculous.link to original post
He'd previously said that a $1000 tip "feels right" for a $1M hit, but he apparently changed his mind.
I think he might be generous because I suspect he's wealthy. He does Vital Vegas full time, but it doesn't appear to be monetized at all, so he apparently doesn't need the money.
In your case, do you care to elaborate on why you feel the proposed schedule is "ridiculous"?
Quote: MichaelBluejayWell, your response was similar to Scott's at Vital Vegas in terseness. He said only, "Inadequate in every instance."Quote: billryanlink to original post
It's ridiculous.
He'd previously said that a $1000 tip "feels right" for a $1M hit, but he apparently changed his mind.
I think he might be generous because I suspect he's wealthy. He does Vital Vegas full time, but it doesn't appear to be monetized at all, so he apparently doesn't need the money.
In your case, do you care to elaborate on why you feel the proposed schedule is "ridiculous"?link to original post
I don't see the need for a formula. In the space of a few weeks I hit two $2,000 jackpots in the same casino. I tipped $20 on one and $50 on the other. I was a weekly player there and although I doubt the attendants remembered me, I knew them. I knew which one would stop a conversation when a help light went on, and which would walk away, pretending they hadn't seen it. While I am tipping on a single hand, I am rewarding or punishing the worker on her past job performance.
Your mileage may differ.
Now you don't know where you will find them next.
Quote: rxwineLast time I rode a bus, I didn't see anyone passing the driver an extra dollar, but it wouldn't surprise me either if it started.
link to original post
Whenever we chartered a bus to go from Queens to AC we'd pass around a hat. I've seen people on a few occasions try to get people to tip the driver. On a full bus from NY to Ac, I'd guess the drivers get $5-10 in tips. Most people don't tip but a few do.
Quote: billryanQuote: rxwineLast time I rode a bus, I didn't see anyone passing the driver an extra dollar, but it wouldn't surprise me either if it started.
link to original post
Whenever we chartered a bus to go from Queens to AC we'd pass around a hat. I've seen people on a few occasions try to get people to tip the driver. On a full bus from NY to Ac, I'd guess the drivers get $5-10 in tips. Most people don't tip but a few do.link to original post
Oh, I totally forgot about charters. I've only ever been on one. And I wouldn't know the expected protocol, which is I guess my point about having a guide.
Quote: rxwineLast time I rode a bus, I didn't see anyone passing the driver an extra dollar, but it wouldn't surprise me either if it started.
link to original post
For city transit buses, my understanding is that some regular riders will give their regular route driver a greeting card for an annual holiday, which may include a modest tip, possibly as a gift card if there is a no cash gratuity rule.
For tour buses, the tour guide usually gets tipped, and then tips out the driver.
For charter buses (including party buses), treat it like a limo and tip the driver directly. (Remember that the driver has to clean the bus at the end of the day; apologize and tip more if something happens to require "extra cleaning".)
... at least that's the guidelines I remember from an ancient tipping etiquette book.
Quote: DRichNevada service employees try to brainwash people into believing that 10% is the standard tip amount. My thought has always been if the tip amount I leave is going to have the dealer telling his friend about this cheapskate that won a jackpot, then I will leave $0 and make the story even better for the dealer.
I once left a $2500 tip to be split between two bartenders. I know that is crazy but these two bartenders are friends of mine and we socialize together.
I am glad to see someone else mention the 10% brainwashing, especially someone outside my neck of the woods, er desert! I’ve heard that from so many casino tippees. And don’t get me started on bartenders in bars with gaming, as they expect it for any amount being cashed out (they are the bank for most cash outs)!
Thanks for this thread. I will now un-brainwash and start tipping at a more appropriate (lower) level. (No, I wasn’t tipping 10%, but it was about twice the median tip discussed here.)
Edited to correct $10 to 10%.
Are you going to publish your tipping guide in WoO?
Well the stair step nature of it doesn't make sense to me.Quote: MichaelBluejayIn your case, do you care to elaborate on why you feel the proposed schedule is "ridiculous"?
It seems to me that you cover the "real world" range of hand-pays by saying 1 % BUT a minimum of $20.
Simple. Concise. And if you can't do 1 % in your head:
a) you shouldn't be gambling ( ? )
b) use the calculator on your phone
1% of $1M = $10kQuote: JohnnyQWell the stair step nature of it doesn't make sense to me.Quote: MichaelBluejayIn your case, do you care to elaborate on why you feel the proposed schedule is "ridiculous"?
It seems to me that you cover the "real world" range of hand-pays by saying 1 % BUT a minimum of $20.
Simple. Concise. And if you can't do 1 % in your head:
a) you shouldn't be gambling ( ? )
b) use the calculator on your phonelink to original post
or if you choose a check and after 28% taxes are taking out, then 1% of $720k = $7200
how about a cap?
1% up to $1k tip?
Quote: 100xOdds1% of $1M = $10k
link to original post
or if you choose a check and after 28% taxes are taking out, then 1% of $720k = $7200
how about a cap?
1% up to $1k tip?
I don't think a tip should generate a CTR.
I think $20 is a reasonable floor.
The square root method is a reasonable curve fit.
You may be George and tip more. It's rare that someone receiving a tip will complain it's too much.
I think 1% may be too generous.
I'd be pleased to report back on how the attendant reacted if I ever personally have this problem.
Quote: DieterQuote: 100xOdds1% of $1M = $10k
link to original post
or if you choose a check and after 28% taxes are taking out, then 1% of $720k = $7200
how about a cap?
1% up to $1k tip?
I don't think a tip should generate a CTR.
I think $20 is a reasonable floor.
The square root method is a reasonable curve fit.
You may be George and tip more. It's rare that someone receiving a tip will complain it's too much.
I think 1% may be too generous.
I'd be pleased to report back on how the attendant reacted if I ever personally have this problem.link to original post
A formula using LN would be a better curve fit than SQRT in my view. Fits better with various theories of marginal utility of dollars, Kelly Criteria, optimal portfolio theory, etc.
LOG better than sqrt?Quote: unJonQuote: DieterI don't think a tip should generate a CTR.
link to original post
I think $20 is a reasonable floor.
The square root method is a reasonable curve fit.
You may be George and tip more. It's rare that someone receiving a tip will complain it's too much.
I think 1% may be too generous.
I'd be pleased to report back on how the attendant reacted if I ever personally have this problem.
A formula using LN would be a better curve fit than SQRT in my view. Fits better with various theories of marginal utility of dollars, Kelly Criteria, optimal portfolio theory, etc.link to original post
ln (1200) = $7
ln ($720k) = $13
Use 1% till $10k then use sqrt:
1% 1200 = $12 (round down to $10 tip)
1% (10k) = sqrt ($10k) = $100
$10k handpay is the breakeven point between 1% and sqrt tipping formula
sqrt ($720k) = $848 (round down to $800. Slot attendant would probably think you're rounding up from $720 to $800)
Reminder: $1M win and taking a check after 28% Fed tax withheld = $720k number seen by attendant
Edit:
Ask Vital Vegas if they think a $800 tip is acceptable for $720k?
Quote: 100xOddsLOG better than sqrt?Quote: unJonQuote: DieterI don't think a tip should generate a CTR.
link to original post
I think $20 is a reasonable floor.
The square root method is a reasonable curve fit.
You may be George and tip more. It's rare that someone receiving a tip will complain it's too much.
I think 1% may be too generous.
I'd be pleased to report back on how the attendant reacted if I ever personally have this problem.
A formula using LN would be a better curve fit than SQRT in my view. Fits better with various theories of marginal utility of dollars, Kelly Criteria, optimal portfolio theory, etc.link to original post
ln (1200) = $7
ln ($720k) = $13
Use 1% till $10k then use sqrt:
1% 1200 = $12 (round down to $10 tip)
1% (10k) = sqrt ($10k) = $100
$10k handpay is the breakeven point between 1% and sqrt tipping formula
sqrt ($720k) = $848 (round down to $800. Slot attendant would probably think you're rounding up from $720 to $800)
Reminder: $1M win and taking a check after 28% Fed tax withheld = $720k number seen by attendant
Edit:
Ask Vital Vegas if they think a $800 tip is acceptable for $720k?link to original post
Hmmm. That’s fair. I guess LN not doing so well there.
Aren’t you the big sports gambler? Have you joined the WoV pick 5 contest? There’s a nice +EV overlay.Quote: VegasriderSomeone tipping $200 after winning 1 Million should not be allowed to gamble. Just like Someone tipping $10 from a $500 check at a restaurant. That person should not be allowed to go out and eat. Assuming they are from America. In many countries, tipping is frowned upon and can be considered an insult.
link to original post
Vegasrider et al, please comment on my proposed, revised slot handy tipping schedule:Quote: VegasriderSomeone tipping $200 after winning 1 Million should not be allowed to gamble.
$1200: $20 tip
$5000: $50
$10,000: $100
$20,000: $200
$50,000: $300
$250,000: $599
$500,000: $750
$1M+: $1000
Traveler's Checks When Traveling Abroad - Useful or Outdated?
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Quote: MichaelBluejayVegasrider et al, please comment on my proposed, revised slot handy tipping schedule:
link to original post
$1200: $20 tip
$5000: $50
$10,000: $100
$20,000: $200
$50,000: $300
$250,000: $599
$500,000: $750
$1M+: $1000
LOL, I would be embarrassed to be with you if thats what you tipped. Imagine dining out and you run up a big bill, and the service and food was great. And the person who paid the $500 bill leaves $10 or $15? Now if I won a million bucks, I honestly cannot say how much I would tip, but its a nice problem to have. Usually my standard on a handpay is 5% once you take the 28% off the top. Sometimes a bit less and sometimes more. Each situation is different based on location, time of year, etc.
Again, I have many friends in the service industry. I live in a state that heavily relies on the service industry. I generally tip very well. But again if you are from another country where tipping is NOT part of the culture,nor even if you are not familiar with the service industry, I get it why you think its a fair figure but its a wrong figure. Again, there is no exact amount you have to leave or there is a law. But its because of these cheap people, you will find an automatic tip already incorporated into your bill at many eating establishments. You even see it in poker tournaments where a certain percentage of the prize pool is reserved for the staff to ensure the staff doesn't get stiffed.
Quote: ChumpChangeI'd be buying travelers checks with a 1% vig. Sadly, they've fallen out of fashion.
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Wow, I don't think I have used travelers checks in over 20 years.
mods- another thread hijack post by him!Quote: ChumpChangeI'd be buying travelers checks with a 1% vig. Sadly, they've fallen out of fashion.
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Quote: ChumpChangeI'd be buying travelers checks with a 1% vig. Sadly, they've fallen out of fashion.
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Hijacking. Based on prior offenses, lets do a month again*.
Note: Reduced from two months.
what formula did you use for $50k and above?Quote: MichaelBluejayVegasrider et al, please comment on my proposed, revised slot handy tipping schedule:
link to original post
$1200: $20 tip
$5000: $50
$10,000: $100
$20,000: $200
$50,000: $300
$250,000: $599
$500,000: $750
$1M+: $1000
And I'm a fan of the $1k cap.
Why $599?
Would the slot attendant get a 1099 for $600 tip?
If so, then $599 is the perfect cap.
So for me, if that is true, then I would do 1% till $10k then sqrt for anything above that till the $599 tip cap.
Incendentily, sqrt ($359k) is $599.
And you get ~$359k after 28% fed tax withholding from a $500k win.
So $500k win, ask for a check and take out the 28% fed tax.
The attendant will see the $360k amount of the check.
Give $599 tip.
explainQuote: naotoyoshida64Perhaps what you should do first before tipping is knowing the tax that goes with it.
link to original post
Quote: MichaelBluejayVegasrider et al, please comment on my proposed, revised slot handy tipping schedule:
link to original post
$1200: $20 tip
$5000: $50
$10,000: $100
$20,000: $200
$50,000: $300
$250,000: $599
$500,000: $750
$1M+: $1000
I still value the tip at 0.1%. I might be convinced to value it at 0.33%. These rates are established by the casino. I value their action at the same rate they value mine.
I tip the $20 at $1200 because I also value the $500, $800, and $1000 slot wins at 0.1%, but those are not hand paid, and I'd really get annoyed handing 50 cents to a slot attendant who walked over and congratulated me on a $500 bonus feature as the meter increments and the fanfare plays.
Comparing to waitstaff is a bit unreasonable. Waitstaff are historically underpaid by the restaurant, with the expectation that they will be paid by the customer directly.
Slot attendants are significantly less underpaid.
I would be just fine having the payout issued as a restricted TITO slip that I then have to take to the cage for special processing, including the W-2G issuance.
Yeah, I'm a cheapskate. I will happily let Vegasrider tip the slot attendant the balance he feels I shorted.
Because 9 is right next to 0 on the keyboard. It's a typo, was supposed to be $500.Quote: 100xOddsWhy $599?
Quote: MichaelBluejayWell, your response was similar to Scott's at Vital Vegas in terseness. He said only, "Inadequate in every instance."
He'd previously said that a $1000 tip "feels right" for a $1M hit, but he apparently changed his mind.
I think he might be generous because I suspect he's wealthy. He does Vital Vegas full time, but it doesn't appear to be monetized at all, so he apparently doesn't need the money.
His girlfriend is either a bartender or cocktail waitress. I’m also guessing he has many friends and acquaintances in the “tip” business. It’s not surprising he pushes for bigger tipping. He has a subscriber base and a voice. He’s well known to tip shame anyone (especially the famous) for being cheap on the tipping front.
I don’t believe he is “wealthy”…but obviously that’s a subjective opinion.
He does podcasts and probably does some freelance work in the gaming industry. What that entails, I’m not sure. I believe he used to be involved as a PR person for the Fremont Street Experience.
What I mean to imply is that 1 % would cover the "real-world" jackpots most of us could ever REASONABLY expect to get.Quote: 100xOdds1% of $1M = $10kQuote: JohnnyQWell the stair step nature of it doesn't make sense to me.Quote: MichaelBluejayIn your case, do you care to elaborate on why you feel the proposed schedule is "ridiculous"?
It seems to me that you cover the "real world" range of hand-pays by saying 1 % BUT a minimum of $20.
Simple. Concise. And if you can't do 1 % in your head:
a) you shouldn't be gambling ( ? )
b) use the calculator on your phonelink to original post
or if you choose a check and after 28% taxes are taking out, then 1% of $720k = $7200
how about a cap?
1% up to $1k tip?link to original post
So yeah, there would need to be a cap on the tip for jackpots that are waaaaaaaaaaaaaay out there on the distribution curve of jackpots.
Quote: VegasriderFYI- most slot attendants tips are pooled. So tipping $50 might have to be split among a dozen people ir more or less, depending on the size of the casinos
link to original post
Wow, I have never heard of slot attendants pooling tips.
Nor have I.Quote: DRichQuote: VegasriderFYI- most slot attendants tips are pooled. So tipping $50 might have to be split among a dozen people ir more or less, depending on the size of the casinos
link to original post
Wow, I have never heard of slot attendants pooling tips.link to original post
