N.J. Admin. Code § 13:69F-4.6

Current through Register Vol. 56, No. 19, October 7, 2024

Section 13:69F-4.6 - Wagers placed by banker

(a) Immediately prior to dealing the cards, the Banker shall place a wager in support of the "Banker's Hand" which shall conform to the requirements of (b) below. The wager placed by the Banker shall:

1. Win if the "Banker's Hand" has a point count higher than that of the "Player's Hand";

2. Lose if the "Banker's Hand" has a point count lower than that of the "Player's Hand"; or

3. Be void if the point counts of the "Banker's Hand" and the "Player's Hand" are equal.

(b) The wager placed by the Banker immediately after accepting the shoe shall not be less than the amount such participant offered in bidding to become the Banker. The amount of all subsequent wagers placed by the Banker as such shall be at least equal to, but no more than twice, the amount of his or her immediately preceding wager. An example of this rule is as follows: if Participant A becomes the Banker for a high bid of $ 1,000, he must place a wager of at least $ 1,000 on the first hand dealt. If he continues as the Banker, his wager on the second hand must be at least $ 1,000 but not more than $ 2,000. Assuming he wagers $ 2,000 on the second hand, his wager on the third hand (if he continues as the Banker) must be at least $ 2,000 but not more than $ 4,000.

(c) Any wager placed by the Banker in cash shall be exchanged immediately by the dealer for gaming chips or plaques in accordance with the regulations governing the acceptance and conversion of such instruments.

N.J. Admin. Code § 13:69F-4.6