Wizard

Joined: Oct 14, 2009
• Posts: 23300
Thanks for this post from:
September 12th, 2021 at 8:59:51 PM permalink
What 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.
It's not whether you win or lose; it's whether or not you had a good bet.
ChumpChange
Joined: Jun 15, 2018
• Posts: 2356
September 12th, 2021 at 9:05:51 PM permalink
This seems worse than ATM credit card fees or Western Union or something.
How much does the casino charge to wire the winnings to your bank account? \$30 by the casino & \$30 by the bank receiving it?
There might be a \$100,000 per day limit on transfers.
Last edited by: ChumpChange on Sep 12, 2021
MichaelBluejay

Joined: Sep 17, 2010
• Posts: 1148
September 13th, 2021 at 2:45:03 AM permalink
Quote: Wizard

What do you think of this formula: tip = 2*sqrt(jackpot-1100).

It's not unreasonable, but it's a bit difficult for my readers to apply. \$20 up to \$20k and then 0.1% after that is a lot easier. I just worry that that probably overtips for amounts over \$1M.
AxelWolf
Joined: Oct 10, 2012
• Posts: 19814
September 13th, 2021 at 2:59:40 AM permalink
Quote: Wizard

What 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.

Chop the tip amount in half and I think it's a fair formula for both.
♪♪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♪♪
Wizard

Joined: Oct 14, 2009
• Posts: 23300
September 13th, 2021 at 4:44:10 AM permalink
Quote: AxelWolf

Chop the tip amount in half and I think it's a fair formula for both.

\$10 for \$1200, I think, will look cheap.

Quote: MichaelBluejay

It's not unreasonable, but it's a bit difficult for my readers to apply. \$20 up to \$20k and then 0.1% after that is a lot easier. I just worry that that probably overtips for amounts over \$1M.

\$20 for \$20,000 will definitely look cheap. However, I accept some people may struggle with calculating a square root.
It's not whether you win or lose; it's whether or not you had a good bet.
AZDuffman
Joined: Nov 2, 2009
• Posts: 12412
September 13th, 2021 at 5:49:12 AM permalink
Quote: Wizard

Quote: AxelWolf

Chop the tip amount in half and I think it's a fair formula for both.

\$10 for \$1200, I think, will look cheap.

Quote: MichaelBluejay

It's not unreasonable, but it's a bit difficult for my readers to apply. \$20 up to \$20k and then 0.1% after that is a lot easier. I just worry that that probably overtips for amounts over \$1M.

\$20 for \$20,000 will definitely look cheap. However, I accept some people may struggle with calculating a square root.

What is the difference? They are a cashier! Tipping the hand pay reminds me of how it used to be "expected" to tip your bookie 100 of the 600-1 you got when your number hit. Unlike a dealer, providing you with a game, the hand-pay is actually an inconvenience to the player.

A line has to be drawn.
All animals are equal, but some are more equal than others
Dieter
Joined: Jul 23, 2014
• Posts: 2000
September 13th, 2021 at 6:00:48 AM permalink
Quote: AZDuffman

Unlike a dealer, providing you with a game, the hand-pay is actually an inconvenience to the player.

A line has to be drawn.

I remember that one time, the attendant apologized for a handpay and declined a tip. The machine misconfiguration caused a handpay lockup over a \$250.00 win.

I found the experience to be simultaneously annoying and hilarious.
May the cards fall in your favor.
AZDuffman
Joined: Nov 2, 2009
• Posts: 12412
September 13th, 2021 at 6:07:50 AM permalink
Quote: Dieter

I remember that one time, the attendant apologized for a handpay and declined a tip. The machine misconfiguration caused a handpay lockup over a \$250.00 win.

I found the experience to be simultaneously annoying and hilarious.

I would not hold anything against the attendant there, file it under just one of those things.
All animals are equal, but some are more equal than others
AxelWolf
Joined: Oct 10, 2012
• Posts: 19814
September 13th, 2021 at 6:41:33 AM permalink
Quote: Wizard

Quote: AxelWolf

Chop the tip amount in half and I think it's a fair formula for both.

\$10 for \$1200, I think, will look cheap.

Quote: MichaelBluejay

It's not unreasonable, but it's a bit difficult for my readers to apply. \$20 up to \$20k and then 0.1% after that is a lot easier. I just worry that that probably overtips for amounts over \$1M.

\$20 for \$20,000 will definitely look cheap. However, I accept some people may struggle with calculating a square root.

I don't think \$10 on \$1,200 looks cheap, nor does it say generous. It's satisfactory, and I doubt any non greedy slot person would't be appreciative.

Yes, \$20 on 20k is cheap I think it would be better for the customer to just give nothing in that case.

The problem is that you guys are trying to come up with a standard formula when there are too many variables. Your formulas haven't adresses situations where someone is getting frequent hand pays. Image being a VP pro and tipping out \$400-\$900+ a month.
♪♪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♪♪
AxelWolf
Joined: Oct 10, 2012
• Posts: 19814
September 13th, 2021 at 6:52:49 AM permalink
Quote: AZDuffman

Quote: Wizard

Quote: AxelWolf

Chop the tip amount in half and I think it's a fair formula for both.

\$10 for \$1200, I think, will look cheap.

Quote: MichaelBluejay

It's not unreasonable, but it's a bit difficult for my readers to apply. \$20 up to \$20k and then 0.1% after that is a lot easier. I just worry that that probably overtips for amounts over \$1M.

\$20 for \$20,000 will definitely look cheap. However, I accept some people may struggle with calculating a square root.

What is the difference? They are a cashier! Tipping the hand pay reminds me of how it used to be "expected" to tip your bookie 100 of the 600-1 you got when your number hit. Unlike a dealer, providing you with a game, the hand-pay is actually an inconvenience to the player.

A line has to be drawn.