Question: The story Mike tells of out playing Johnny Chan makes no sense if you do the math on all the raises. He sits down at a $300-$600 no limit table with $6,000, plays for an hour, and "folds mostly". Johnny opens for a raise, standard raise 3X the Big Blind ($1800). He re-raises, a good re-raise would be around $6,000, effectively putting him all-in. The story continues with Johnny re-raising ($20,000 or so), and finally Mike re-raising one last time, with an I.O.U. I assume. Johnny then folds.
Reply: It's a 300/600 limit game. With blinds of 100/300, Johnny's first raise would be to 600 (which is seen when he throws out 6 black chips), Mike' raise would be to 900, Johnny's second raise would be to 1200 (which is seen when he throws out another 6 black chips), and finally Mike's raise would be to 1500.