Buy-In
A “Buy-In” in a casino setting refers to the amount of money a player exchanges for chips to participate in a game, particularly in poker or other table games. When a player sits down to join a game, they need to provide a minimum amount, known as the buy-in, to receive their initial stack of chips. This amount can vary depending on the stakes of the game or the rules of the specific table. The buy-in is crucial because it not only determines how much a player can initially wager but also sets the tone for the game’s intensity. In poker tournaments, the buy-in typically includes an entry fee, contributing to the prize pool that players compete for. Understanding the buy-in helps players gauge the level of competition and the potential risks and rewards involved in the game.