Quote:
Originally Posted by Geezer Soze
Care to get a bit more specific ? Sounds kind of unlikely to me for a licensed, regulated game. Did they shove those cocktail napkins into the pot ?
(I've played in games like that, but they were private games. There was also a secondary market in markers after the game. Some players' negative balances were sold at a discount.)
I'll try to keep this short since it has little to nothing to do with Crazy Mike specifically.
The games where this most frequently happened are probably just like you would imagine they would be and often functioned just like your experiences in home games probably did. The specific cocktail napkin game in question was at one of the larger LA cardrooms and felt more like a home game than a public game in that unless you were part of the "in" crowd, you were never getting a seat in the game because it was going to start at X time/day with Y players, and nobody was leaving until the game was over. Debts in the high stakes world are regularly bought and sold as you describe, regardless of how the debt originated.
Obviously the practice of allowing a player to play "open" (continue to play with no chips in front of them) and recording balances in your phone notes, sheet of paper, cocktail napkin, etc, is not allowed. Neither is just pushing a player some chips from your stack to allow them to keep playing. Casinos also don't allow booking/crossbooking, props, or any other form of gambling not provided by the casino. All these things happen anyway.