Jeff Boski has revealed that Venetian dealers have to pay for an overlay in poker tournaments. If a tournament does not meet the guarantee, then it is the dealers who end up missing out.
I have heard the following from multiple reliable sources :
– Allegedly, if any poker tournament @VenetianPoker has an overlay (does not meet the advertised guarantee) then the DEALERS pay for it!
For example :
$100,000 guarantee
$75,000 final prize pool
=$25,000 taken out… pic.twitter.com/QzkA6zTluI— Jeff Boski (@ICuRaRook) June 4, 2023
Jeff Boski calculated that potentially this can reduce the dealers’ hourly rate to as low as $6. Not a good state of affairs.
Boski then revealed that he broke a five-year boycott of the casino only last Friday before finding out about this guarantee situation.
Pondering whether to continue the boycott, he then realised that this would only end up hurting the income of the dealers even more.
I have been boycotting Venetian for 5 years and I finally went to play a $600 there on Friday. I caught wind of this situation and my immediate thought was
“This is fucked up, time to boycott Venetian again”
But then I realized that would only cost the dealers even more… pic.twitter.com/TFajgdeNqu
— Jeff Boski (@ICuRaRook) June 4, 2023
Poker Twitter didn’t seem very happy about the news that a multi-billion dollar business would penny pinch like this with staff often relying on tips to make a living wage.
Want to comment on the validity of all of this, @VenetianTD? Your room is a complete joke and you should be ashamed of yourself if you’re really taking dealers’ tip money and paying it out to players in case of an overlay, but I can’t say that I’m surprised at this point.
— Matt Stout (@MattStoutPoker) June 5, 2023
Another pointed out that it is not the dealers’ responsibility to draw players in and this is simply a way to avoid losing even the slightest amount of profit.
The idea was framed as being an opportunity for dealers to earn more when the room thrives, which often happens according to some posters, but the upside is unlikely to be amazing and when they miss out it’s a big hit.
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