Question for Poker Room employees/management?
I had a conversation with an ex room manager from the Chicagoland/Hammond area recently, and he told me that in order to just break even on tournament play the room was told it needed something like 11 bucks and hour from each player at each table during a given donkament....//
So, it was quite easy to calculate needed vig by simply calculating the avg time it took each player to bust and multiplying it by 11 and then adding X for profit.
My question is simply this: WHERE DO YOU GET THE FIGURES TO LEAD YOU TO 11 DOLLARS/HR (i'm sure this varies...) needed to break even?
To me it seems wayyy high bc you are only incurring MARGINAL expenditures and the donkament obviously helps cash rakes as well.
As an aside to any dealers/managers, what SHOULD a poker dealer in this economy expect to earn hourly?
Should a dealer who is FT and gets peak hours be compelled to work a bit of OT or whatever in a tournament with the expectation of less than 15 dollars an hour?
Keep in mind these economic times, and the skill set dealers actually offer/their replaceability(word?).
Should staff strongly encourage toking at the end of tournaments...and do so even in the open in front of the winners thereby putting high cashiers on the spot in front of other players vis a vis their decision to toke?
I ask these questions not to be rude or to admonish the industry, but because I see fields waning everywhere and see myself not attracted to local tournaments because the vig/forced toking structure is simply too big, and when I tell staff this all I hear is "the fish dont care...."...but when I talk to regular players they seem all too conscious of this.
A great example of this is the tightness with which many (not all) Pkr room managers hand out food comps and room comps. Now, I KNOW how much the local casino spends on a typical buffet patron, it is around 5-6 dollars a piece. So you've got a regular who is getting raked ~14 bucks/ hr at 2/5 or more, and you won't just write the dude a comp after a few hours play to try to induce him to stay, eat then play a couple more hours?
That is simply nonsensical, and it needs to change if the games are going to be sustainable in this new economy.
Same thing for off peak room comps...essentially they cost the hotel something like 10-15 dollars in MARGINAL costs...and you do not want to comp a room for some guy who has played 10 hours on a friday and who will probably come back sat afternoon if you comp him?
I am not saying you should hand out room comps willy nilly, mostly bc some people might actually pay X to stay at a casino, but offering 25/45 dollar rooms to people who play a lot and will most likely play more the next day if they are staying next door, makes sense in a lot of situations, no?
I believe a revolution in how sharp many poker players are has occurred via sites like 2p2, here, etc, and the industry just has chosen to ignore the new realities.