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#1
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The Party Poker PPM IV just concluded. There were over 700 entries, each contributing $10,000 + $500 to play in the tournament. This amounts to over $350,000 collected in tournament entry fees.
Of this $350,000, approximately $0 was spent on the dealers. Where did the money go? |
#2
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people often run tournaments to turn a profit. no surprise there really.
are you sure no cut of the fee went to the dealers? it usually does. |
#3
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[ QUOTE ]
people often run tournaments to turn a profit. no surprise there really. are you sure no cut of the fee went to the dealers? it usually does. [/ QUOTE ] Sometimes the dealers are paid a flat fee in leu of a cut. Since this tourny is on a boat, that might be a part of it. Keep in mind a large portion of the 350k must go towards paying for the accomodations. TT [img]/images/graemlins/club.gif[/img] |
#4
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i wasn't even talking about the boat specifically. they take fees in almost all b&m tourneys. it's just rake baby [img]/images/graemlins/smile.gif[/img], might as well ask where the rake goes in cash games.
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#5
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The dealers were paid $0 to deal on the cruise ... whether it was cash games or live games. They received tips only. (3% was withheld from the main event's prize pool)
They did not pay for their cabin, but were responsible for port charges. (around $400 pp) Maybe that's a reasonable tradeoff. It just seems like the dealers got stiffed by not receiving any base pay. A lot of the dealers I spoke to were unhappy, and did not plan on returning next year. |
#6
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To the house. How do you expect the house to profit?
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#7
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My question was mostly rhetorical. Of course its profit.
My point is that in most B&M tournaments, I would think that dealer base pay is a huge portion of the operating cost of the tournament. But maybe the cost of the cabin cancels out the normal base pay they'd receive. |
#8
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might as well ask where the rake goes in cash games. [/ QUOTE ] No comment. [img]/images/graemlins/tongue.gif[/img] TT [img]/images/graemlins/club.gif[/img] |
#9
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They took 3% out of the prizepool for dealers btw. So no dealers didn't get any of the fee.
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#10
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3% of the prize pool was aprox 225000. How many dealer hours were there for the tournament?
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