Re: Part-time income from hosting high stakes home tourneys?
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Picture a Chess tournament with 16 players. Where I charge $110 to enter. There will be food, drinks and game clocks and seating will be slick. $1600 will be distributed in prize money between 1st, 2nd and 3rd place. Where does the $160 difference go? In the supplies. understand?
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Sure, I understand, but understand this.... Charging for "supplies and services" is exactly what a casino does when it charges a rake. This IS illegal in a home game... whether you wish to follow this law or not is your choice. We all make choices like this everyday.
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