Tuesday, December 6, 2011

Trny Props and Stakes Players: The Fix Is In in Nevada

NEVADA GAMING COMMISSION
and
STATE GAMING CONTROL BOARD

Seal of Nevada





Gaming Statutes and Regulations


23.020  Definitions.
As used herein, the following terms shall have the following meanings:
1.  Ante:  A player’s initial wager or predetermined contribution to the pot prior to the dealing of
the first hand.
2.  Call:  A wager made in an amount equal to the immediately preceding wager.
3.  Card game shill:  An employee engaged and financed by the licensee as a player for the
purpose of starting and/or maintaining a sufficient number of players in a card game.
4.  Card room bank:  An imprest fund which is a part of and accountable to the licensee’s
casino cage or bankroll but which is maintained in the card room exclusively for the purposes set
forth in Regulation 23.045 (1).
5.  Card table bank:  An imprest inventory of cash and chips physically located in the table tray
on the card table and controlled by the licensee through accountability established with the card
room bank. The card table bank shall be used only for the purposes set forth in Regulation
23.045(2).
6.  Check:  To waive the right to initiate the wagering, but to retain the right to call after all the
other players have either wagered or folded.
7.  Hand:  One game in a series, one deal in a card game, or the cards held by a player.
8.  Pot:  The total amount anted and wagered by players during a hand.
9.  Proposition player:  A person paid a fixed  sum by the licensee for the specific purpose of 
playing in a card game who uses his own funds and who retains his winnings and absorbs his 
losses. 
10.  Raise:  A wager made in an amount greater than the immediately preceding wager.
11.  Rake-off:  A percentage of the pot which may be taken by the licensee for maintaining or
dealing the game.
12.  Stake:  The funds with which a player enters a game.
13.  Stakes player:  A person financed by  the licensee to participate in a game under an 
arrangement or understanding where by such person is entitled to retain all or any portion of his winnings. 
14.  Table tray:  A receptacle used to hold the card table bank.
15.  Time buy-in:  A charge to a player, determined on a time basis, by the licensee for the right
to participate in a game.
(Adopted: 1/74. Amended: 2/79.)

23.065  Restrictions on use of shills and proposition players. 
1.  Shills may not check and raise or play in any manner between themselves or in collusion
with others to the disadvantage of other players within the game.
2.  Each establishment employing shills or proposition players shall identify such shills or
proposition players upon request and shall display a  sign clearly legible from each table which
states:
“Nevada gaming regulations allow the use of shills and proposition players. Shills and
proposition players shall be identified by management upon request.” Regulation 23, Card Games
3.  Each licensee shall maintain, in a manner as in the case of all other employees, 
employment records on each individual engaged as a shill or proposition player; additionally, a 
list of all shills and proposition players shall be maintained at the card room bank and shall be 
readily available for inspection. 
4.  Persons who participate in the management  or supervision of games subject to this
regulation shall be permitted to act as a shill or  proposition player in the establishment where
employed if supervision is otherwise provided.
5.  All advances to and winnings of a shill shall be utilized only for wagering in card games or
turned into the card room bank at the conclusion of play.
6.  No more than two proposition players may play in a card game. No more than a 
combination of four shills and proposition players may play in a card game. 
7.  Shills may only wager chips or coins.

There seems to be an interesting loophole, oversight, or some other word, in the regulations for poker in Nevada. If I am reading this correctly, especially in the case of stakes players, the card room can stake them and they get to keep "all or any portion" of their winnings.  Any portion? 

There don't seem to be, that I could locate, any differences in cash or tournament play.   In the post below this one, I referred to another blogger who reports that during tournaments, his casino is holding the table which is always the final table for some locals, using the explanation that they like to "keep locals happy."  He also pointed out in a comment that he is a local, too.  I imagine that off-season, a large portion of the entrants are.

Here's what's legal in Nevada in a tournament:

For management to assign tournament seats any way they like. For management to stake at least two two players and pay two more players at any table, so that 40%-%50 of the players at any full table can legally be employees.  For management to take whatever portion of the winnings of the staked players they wish. 

I suppose you can just have the prop players dump chips to the stakes players at the FT, but you might as well simply sit four or more stakes players there because who is going to check?  A patron  can check, according to the commission.  Anyone ever do so?

I'm curious: exactly how many "regulars" sit at that FT every day and how many get to the FT?   How often do they finish in the top three spots?  How long does it take for these tournaments to play out?  If you were a retiree on a fixed income, would you play poker a few hours a day for a $100?  That's 3k a month tax free.  If the house ends up actually keeping the prize money from any two of the top three spots minus the $400 they pay their stakes players, how much are they making every day?  Twice a day, as this tourny is run twice.

If this happened on Poker Stars, 2+2 would explode.

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