Incredibly profitable banking opportunity in California?

JohnCrover

Banned
California card rooms are not allowed to profit from games of chance, therefore all of their profit must be earned through a commission. The way California card rooms charge a commission is by allowing one player to "bank" meaning that the banker stakes his own money against the whole table, if you choose to bank you must pay a commission depending on the amount of money being wagered by the table. If the table wagers 100 or below the banker is charged a 2 dollar fee. 101 to 300 dollars in action is a 3 dollar fee. The fee continues to progress as the wagers get larger. It is crucial for someone to play banker or the house won't be able to make money on the game because a commission will never be charged and since most players don't want to bank this can become problematic because of this a third party comes in. A gaming company that is not employed by the card room banks 24/7, unless another player wants to bank, in which case the player and the banker will take turns banking. Card counting is also extremely lucrative in some of these card rooms because the card room doesn't care about what you're doing because you're not hurting their bottom line. The only person you're hurting is the third party corporation that's banking the games and they don't have the authority to back you off.
 

mcallister3200

Active Member
I can assure you that they do in fact back players off despite that money supposedly not coming out of the card rooms pocket, and do so much more frequently/quickly than they did 3-5 years ago
 

JohnCrover

Banned
No good, they started charging am ante on player bets and charging a 5 dollar minimum fee for bets from 5 to 100, 10 dollar fee 201 to 300 and it just gets worse. They don't allow the player to bank side bets either, useless.
 
JohnCrover said:
California card rooms are not allowed to profit from games of chance, therefore all of their profit must be earned through a commission. The way California card rooms charge a commission is by allowing one player to "bank" meaning that the banker stakes his own money against the whole table, if you choose to bank you must pay a commission depending on the amount of money being wagered by the table. If the table wagers 100 or below the banker is charged a 2 dollar fee. 101 to 300 dollars in action is a 3 dollar fee. The fee continues to progress as the wagers get larger.
Thet used to let bankers profit freely while they charged players an ante...
... this an overall improvement for players.

Anyone know how long this new model has been operational, and at what stores?
 
Top