This isn't correct (your first statement), and I'll tell you why:
If I said "Raise to 100" and then get a read on my opponent and realize I should have raised more, I can't slide 250 chips into the pot and have that bet stand. I said I was raising to 100 and that's that. I can't get away with only putting in 25 or 1000 or anything except for exactly 100.
Verbal declarations are binding. Your friend was seriously screwed by the casino... OR, we're not hearing the exact story. My guess is he didn't clearly state the amount of his raise, and thus wasn't allowed to take chips back after he put in more than he intended to.
Anyway, regarding the situation in this thread, if I'm player B and I say to Player A, "I'll put you all in" and toss a $1000 chip in front of me, my bet isn't $1000. It's the exact amount it takes to put Player A all in.
Yes, this is a stupid and unclear way to announce a bet, but I'm almost certain that's how this should be ruled.
Definitely an interesting situation though. Someone should write to CardPlayer or something and see if we can get an actual Tourney Director to give us an official answer.
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