It's made clear in the book that they were playing for table stakes. When Lancey raises the Kid at the end, the Kid is all in, so he can't call. This is why Lancey says, "I'll take your marker, kid."
McQueen says, "I can get the money."
Lancey: "I know you can."
McQueen: "OK, let's see it."
Basically, the Kid has agreed to give Lancey a marker if he loses. In the book, it's explained that if any player busts out, he has 30 minutes to raise a roll and get back in the game. In the movie, Shooter explains this at the beginning: "A dead man has one half hour to raise his roll and get back in the game."
In the book, when Lancey raises the Kid at the end, the Kid says, "I'm taking a half hour to raise my roll," and Lancey tells him he'll take his marker.
So yes, they were playing table stakes.
We report, you decide; but we decide what to report.
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