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LSDefine

Simple English definitions for legal terms

banking game

Read a random definition: frankmarriage

A quick definition of banking game:

A banking game is a type of gambling where the house, or the bank, takes bets from all players. The bank pays out the winning bets and keeps the money from the losing bets. It's like a game where everyone puts their money in a pot and the bank takes a cut of the winnings.

A more thorough explanation:

A banking game is a type of gambling where the house, also known as the bank, accepts bets from all players. The bank then pays out winning bets and takes losses from other bettors.

  • Blackjack: In this game, players place bets against the dealer, who represents the bank. The dealer pays out winning bets and collects losses from other players.
  • Roulette: Players place bets on where they think the ball will land on the spinning wheel. The bank collects all bets and pays out winning bets.
  • Poker: In some versions of poker, the house takes a percentage of each pot, acting as the bank. The bank pays out winning bets and collects losses from other players.

These examples illustrate how the bank in a banking game is responsible for accepting bets, paying out winnings, and collecting losses. The bank has an advantage in these games because it always collects a percentage of each bet, even if it loses some bets. This is how casinos make money.

banking day | bank night

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Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
Why? LOL
soapy
10:35
The adcoms recognize you and will deny you is frightening, lmaoo. Not the abs thing XD
10:36
they browse LSD?
soapy
10:37
Wouldn't be shocked if so; isn't this the biggest law school forum outside of Reddit?
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