Crossbooking

word type: verb

  1. Crossbooking is an agreement between two players to gamble for a percentage of winnings in addition to the stakes being played but determined by the same results.

E.g.

- Two players in a cash game agree to crossbook 100% of each others action. One player wins $500 more than the other in the session, so he receives $500 from his less successful opponent.

- Poker Terms contributor Shane Schleger agrees to crossbook 10% of the WSOP ME with his best friend; Schleger wins first place for $7M, his friend owes him $700k.