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Old 09-06-2007, 08:47 PM
SteelWheel SteelWheel is offline
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Join Date: Dec 2005
Posts: 105
Default Re: Yet another NYC raid

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am I to assume that if youre playing during a raid youre screwed as to the amount of money you have bought in for or have won? I kinda doubt the cops would let you cash in before leaving...

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In theory, Yes, you can be screwed in this situation. In practice though, the individuals who run a club generally hope to re-open in a new location in short order, in the hopes of retaining their customer base and returning to "business as usual". The only way to do that is to have the house go and make restitution.

Notice how most NYC clubs nowadays rake an extra dollar or two per pot, for "bad beat jackpots", Sunday freerolls and the like. Hint: Most of that money is not making it into the jackpot or prize pool. It's basically a way for the house to insure itself against being raided, losing their cash on hand, and still needing to make good with the players.

*****************this discloses too much, sorry.**********************************
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