Prop Bets Gone Wild
We were checking out Tom Dwan’s table when we heard a commotion going on over at table 135 which was several tables away that even caused Dwan’s head to turn so we went to go check it out. When we got there, Chris Amaral filled us in on the details of what was a prop bet which has been a common occurrence that we’ve seen at several tables today.
If we understood Amaral correctly, the players in the first four seats were betting on their up-card. Whoever has the high card of the four has to pay each of the other three $20. If that high card is a ten or a nine however, the price is $40 and if it is eight or lower, it's $60. Still following?
Every 20 hands though, there is some sort of jackpot hand where the stakes are increased or multiplied. And this was the case when we heard all of the yelling happening. We believe that one of the players lost with a seven which caused him to lose a sizeable amount. It seemed like everyone was enjoying themselves and having a good time though so we’ll let them continue at it.