Quote:
Originally Posted by ACShark425
Okay, Bad Beat Jackpot hits for 80K.
.... I am looking for a range.
Thanks
On a 50-25-25 split, with 9 players, a "table share" is 3.57%. Plus, everybody gets paperwork to report the win to the IRS. So, they get to pay about 1/3 of the win to Uncle Sam. So they might net about 2.5%
If you think a dealer is worth a table share, and factoring in the tax implications (right, sure, the dealer will declare it all), 3%-2% seems about right.
In your case, if everybody gave 2%, the dealer would have ended up with $1600.
The table shares collected $2860, of which, after taxes, they might realize $1900 or so.
Last edited by AngusThermopyle; 06-01-2011 at 03:38 PM.