Horrible Time Pot Rule at Commerce

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As a total noob to the whole "time pot" concept, could someone please explain to me how it works? My impression is that the first pot after a dealer change is heavily raked to account for time for the entire table, is that correct?

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Correct.

Oh, and a lol to $12 at Commerce 20/40NL, paying more than Big Game @ Bobby's Room in Bellagio. I love California.