lowkee
Lieutenant Commander
- Joined
- Dec 13, 2008
- Messages
- 1,890
Re: Won it in a poker game - sort of...
Hehe, and here I thought we were doing something unique. At our table, in order to bet a boat, someone would have to buy it from you before you made a bet. You could only bet using chips, not cash/stuff, so a sale would have to happen before a bet could take place. Although we didn't plan on the welching scenario, our method would have made it a legal transaction, as the person would have sold the boat and bet the proceeds, not bet it directly.
This is what "table stakes" is. The low stack can put in all his money, and his right to the pot is protected! Any additional betting amongst the others would continue normally and be collected into a side pot! But you still can't pull out money in the middle of a hand, which is what happened!
Hehe, and here I thought we were doing something unique. At our table, in order to bet a boat, someone would have to buy it from you before you made a bet. You could only bet using chips, not cash/stuff, so a sale would have to happen before a bet could take place. Although we didn't plan on the welching scenario, our method would have made it a legal transaction, as the person would have sold the boat and bet the proceeds, not bet it directly.