Nit Tax

[Woodsey]

I read a book recently that made the point that flipping* would make everyone happier than each paying their share. Basically the negative feelings of paying aren't linear so if everyone pays a small amount they all take a big negative hit but if only one person pays the bill the total negativity is decreased.

*It actually used the example of taking it in turns to pay for the meal, which is what flipping is long term.

The fact that you never go out with the same group of people often enough makes all that utter bollocks I'm afraid............

[Bongo]

But if I had friends it might apply?

I think you're right in taking it in turns to pay - if you don't go out often enough it might no even out etc. In terms of flips I don't think it matters if you go out with the same group or not - as long as the places you eat are of a similar price then in the long term your average cost will be around the same as just splitting the bill.

[Woodsey]

But if I had friends it might apply?

I think you're right in taking it in turns to pay - if you don't go out often enough it might no even out etc. In terms of flips I don't think it matters if you go out with the same group or not - as long as the places you eat are of a similar price then in the long term your average cost will be around the same as just splitting the bill.

I don't know about you but all my proper friends who I go out with all the time are non gamblers, if I even suggested this as a possible option I would be told to GTFO in no uncertain terms. Even I think flipping for meals is stupid and I have my degen moments............

[AndrewT]

Flipping or not should be established at the start of the meal. How else are you able to gain flip equity through ordering?

[Cf]

I read a book recently that made the point that flipping* would make everyone happier than each paying their share. Basically the negative feelings of paying aren't linear so if everyone pays a small amount they all take a big negative hit but if only one person pays the bill the total negativity is decreased.

*It actually used the example of taking it in turns to pay for the meal, which is what flipping is long term.

The fact that you never go out with the same group of people often enough makes all that utter bollocks I'm afraid............

Perhaps the example of buying rounds in a pub better illustrates your point...

[Woodsey]

I read a book recently that made the point that flipping* would make everyone happier than each paying their share. Basically the negative feelings of paying aren't linear so if everyone pays a small amount they all take a big negative hit but if only one person pays the bill the total negativity is decreased.

*It actually used the example of taking it in turns to pay for the meal, which is what flipping is long term.

The fact that you never go out with the same group of people often enough makes all that utter bollocks I'm afraid............

Perhaps the example of buying rounds in a pub better illustrates your point...

Yep probably, ending up on the bad end of £30 for beers is meh. £700 is not meh by any stretch of the imagination.........

[Horneris]

I always happily pay a small amount of nit tax because I accept its poor form not to flip but when the bills are huge I just usually can't afford to risk it for a biscuit.

[cambridgealex]

pleno has bluffed the whole forum here. all his mates i met didn't want to flip for £80 meal tabs 4way!

also

It happened a while ago and I was the one saying buying out at spot is fine.

another claim

[action man]

10% nit tax

[Royal Flush]

Nit tax is applied on small bills not big ones imo

Nandos = nit tax
Nobu = no tax

[pleno1]

pleno has bluffed the whole forum here. all his mates i met didn't want to flip for £80 meal tabs 4way!

also

It happened a while ago and I was the one saying buying out at spot is fine.

another claim

[ ] We ever went for a meal with more than 4 people

The guys who we went with were video producers/players/and a couple of staff who played teh pokers. It was atually us talking about "nit tax" in gib that made me think of this subject again.

You said something that I really agreed with but can't remember the exact words, something like..

"Flipping is +ev as long as the bill amount is neutral as it is neutral ev, but good social banter making it +ev"

[kinboshi]

I read a book recently that made the point that flipping* would make everyone happier than each paying their share. Basically the negative feelings of paying aren't linear so if everyone pays a small amount they all take a big negative hit but if only one person pays the bill the total negativity is decreased.

*It actually used the example of taking it in turns to pay for the meal, which is what flipping is long term.

It's also about risk/reward ratio.  Mitch losing the flip in the hotel at Gatwick before we went to Vegas definitely made me happier than it should have.  If I ever think I'm getting ripped off by a restaurant, I just think back to that moment and all is well in the world.