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Monday, December 03, 2007

Don't play poker with veterans in Dallas

If a bunch of guys want to get together at their local VFW and play poker, knowing that 10 percent of the pot goes to the VFW, what's the harm? According to the Dallas Morning News, police there raided at least one VFW post in their investigation into illegal gambling.

It's good to know that in Dallas, unlike Huntington, there are no drug murders or violent crimes to deal with and police can concentrate their efforts on preventing veterans from playing poker for money.

The link is here.

Let's see, at this VFW, the house keeps 10 percent and the players keep 90 percent. In a state lottery, the state keeps 50 percent and the winners get 50 percent, but about 50 percent of a big jackpot is taken in income taxes, so in a state lottery like Powerball, the house gets 75 percent and the winning player gets 25 percent.

No wonder these guys were playing poker.