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the AIRSPACE above it is also binding

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That's also true at San Pablo in the Bay Area. I was a little shocked when someone was just holding chips over the line to bet and was forced to raise in a limit game. Also, they wouldn't allow a person to hold the chips over and say "raise" if there weren't enough in his/her hand. Seemed sort of absurd. Meanwhile, at Oaks, you can pull back a raise if you did it accidentally, and the line there is meaningless.