To create a balloon tooltip, we just need to set IsBalloon property of ToolTip control to true. The following code snippet create a balloon tooltip and attaches it to a Button control.

ToolTip buttonToolTip = new ToolTip();

buttonToolTip.ToolTipTitle = "Button Tooltip";

buttonToolTip.UseFading = true;

buttonToolTip.UseAnimation = true;

buttonToolTip.IsBalloon = true;

buttonToolTip.ShowAlways = true;

buttonToolTip.AutoPopDelay = 5000;

buttonToolTip.InitialDelay = 1000;

buttonToolTip.ReshowDelay = 500;

buttonToolTip.SetToolTip(button1, "Click me to execute.");