Glossary

Chip dumping

Chip dumping in poker is a deliberate loss of the money or chips to the other player. Chip dumping is usually used by fraudsters for money laundering. The name of the term speaks for itself.

Example of how chip dumping in poker works. The player gets a definite amount of money in poker room in an illegitimate way (as a rule it is carding, another person’s account break-in, no deposit bonus winnings from an account, registered on the person who doesn’t exist in reality). He goes to the heads-up table (as a rule) with his accomplice and deliberately loses all the chips (or part of them) to him, after that the second player withdraws laundered money from his account to one of the payment systems (Skrill, Neteller, etc.). This scheme is used for quite some time so poker rooms make all the possible efforts to prevent chip dumping at the poker tables.

By the way, such a trick is almost impossible to make nowadays. Security team of any poker room will see the fact of cheating based on the hand history, after that both of the accounts of the players involved in chip dumping will be blocked and the funds on the accounts will be confiscated.

Chip dumping also happens in tournament poker. The goal of this dumping of the chips is increasing the size of the stack of one of the players to increase the chances of winning the main prize. For example, if the main prize at the final table is $100,000, and the prize for the 9th place is $10,000, players are able to make a deal and one player will intentionally lose all of his chips to the other. In case the one who got the chips wins, the prize money will be shared in certain proportions agreed by the players.

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