What should be your initial buy-in at a table?

QFIT

Well-Known Member
#1
The question was asked in another thread on the buy-in amount when you enter the table. As the thread was about something else (and not a great thread:)) and I think it is an interesting questions, thought I'd add some comments. I'm interested in responses as this is not a question that you normally find answered in BJ books.


It should be no surprise that this is a common question. So, so many variables:
· Do you have chips from that casino?
· Are you known at the casino? Known in what manner?
· Do they allow money (cash) plays and in what circumstances?
· How big is the casino?
· What is your “act?”
First, it needs to made clear that this is not Poker table stakes or a tournament. You can go in your pocket at any time and pull out cash. These days, betting cash is often not allowed. But, you can ALWAYS pull out cash, even in the middle of a hand, and get chips. Pure cash betting (no chips involved) is rare these days and is treated in different manners as follows:
· You can or cannot bet cash on entering the table.
· You can or cannot bet cash after entering the table and running out of chips.
· You can or cannot bet cash on a DD or Split.
· Any of the above, but they immediately trade the cash for chips instead of allowing the cash to stand as a bet, and allowing you to withdraw the cash on a win.
· Asking for a marker on the bet, which requires no cash or chips.
In olden days, most anything was allowed if you didn’t look like a problem. For example, if you had no more chips, but had to double or split, you could just say “mark it” – even if you had no account and they did not know your name and you looked like a long-haired hippy, if they felt that you would continue playing. The PB would say “Mark,” and that was it. No paperwork or slowdown. They, rightly, figured they would get the money eventually. As days have gone by, the rules have become tighter and tighter. In the old days, you could throw a C-note (from Roman numerals if anyone cares about the ref) on the table and say “money bet,” and they would take the bet. Win it and you could put the cash back in your pocket and continue playing with the winning chips. Now, they exchange it for chips before the hand.

I’m afraid I failed to answer the original question -- What should be your initial buy-in at a table? That’s because there is no one answer. It depends upon your “act.” And, it should not be the same, in the same casino, anyhow, unless making it the same is part of your act.

In the past, I used to make cash bets often. "Money plays." I felt it made me look like a gambler. In the present, I never do this on entering a table. Partly because it brings more attention, it is usually traded for chips before the bet anyhow, and it slows the game. And, my current philosophy is that speed is one of the most important factors. Also, I don’t like to be an annoyance to casinos, and paying cash is a huge annoyance and can bring unwanted attention. Oddly, used judiciously, if you are playing higher stakes, it can also bring “wanted” attention.

OK, I still haven’t answered the question. I like short sessions. I also like an excuse to leave and I like an excuse to bet unusually small amounts (below one unit) if the count doesn’t increase or make odd increases if it does. Keeping a small number of chips in front of you, of different denominations, allows you to look as though you are making bets based upon the colors that happen to be in front of you, either unusually high or low. So, I tend to try to keep the number of chips in front of me fairly small. In fact, I sometimes (not often) even buy chips when I have chips in my pocket, to give me camouflage possibilities. The point is to look like a pure gambler. Not a system player, which can be a good act until you break from it, but a random gambler that doesn’t give a f***. They like that.

But, as I say, there are many ways to play.

In any case, I’d be interested in comments as I would like to add this to my book, as it is a good, unanswered, question.

 
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21forme

Well-Known Member
#2
QFIT said:
In the past, I used to make cash bets often. I felt it made me look like a gambler. In the present, I never do this on entering a table. Partly because it brings more attention, it is usually traded for chips before the bet anyhow, and it slows the game.
It's no longer legal to make cash bets, is it?

To answer your question, I typically buy in for 20 units if sitting down at a new shoe. If backcounting my way in, it's usually for more, as my initial bets are larger.
 

QFIT

Well-Known Member
#3
21forme said:
It's no longer legal to make cash bets, is it?
Legality depends on jurisdiction. And sometimes willingness to ignore regs. Interesting comment, and I'll ask for legal details.
 

Shoofly

Well-Known Member
#4
QFIT said:
Legality depends on jurisdiction. And sometimes willingness to ignore regs. Interesting comment, and I'll ask for legal details.
Don't know about legality, but I was recently at a table where a man tried to split with a $20 bill. The dealer said he couldn't, and we had to wait for a long time while a PB came over and discussed it. The man insisted on a money bet instead of exchanging for chips. I finally said "For Christ sake, what's the difference. Change the $20 for 4 reds and let's go." He wouldn't change, didn't split, and left the table in a huff after that hand. Some people really go out of their way to be p+ssed off.
 

QFIT

Well-Known Member
#5
Shoofly said:
Don't know about legality, but I was recently at a table where a man tried to split with a $20 bill. The dealer said he couldn't, and we had to wait for a long time while a PB came over and discussed it. The man insisted on a money bet instead of exchanging for chips. I finally said "For Christ sake, what's the difference. Change the $20 for 4 reds and let's go." He wouldn't change, didn't split, and left the table in a huff after that hand. Some people really go out of their way to be p+ssed off.
As Einstein supposedly said: "Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."
 

blackjack avenger

Well-Known Member
#6
Seems Simple

CTRs
STRs
Cashier heat
Robbers
Hustlers
Heat due to stacks of chips on table
Casino cashout refusal
Angry patrons flipping tables, remember Tyson fight?
Chance of accidentally trying to buy in with counterfeit currency
Chance of getting counterfeit chips which can draw heat on cashout

All should lead to two conclusions:
Minimal buy in if playing unrated.
Minimal buy in to get recorded for rating, most likely $100.

Your money in your possession is preferable to trading it for chips and hoping to get them exchanged back for money.
 
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QFIT

Well-Known Member
#7
blackjack avenger said:
CTRs
STRs
Cashier heat
Robbers
Hustlers
Heat due to stacks of chips on table
Casino cashout refusal
Angry patrons flipping tables, remember Tyson fight?

All should lead to two conclusions:
Minimal buy in if playing unrated.
Minimal buy in to get recorded for rating, most likely $100.

Your money in your possession is preferable to trading it for chips and hoping to get them exchanged back for money.
Serious considerations. A few comments;
· Robbery depends on venue. But clearly, "flashing" money can always be a problem. I often feel uncomfortable in parking garages.
· Yes, large numbers of chips on the table in a small venue can also result in gamblers asking for money. Rare, but I really hate that.
· Cashier heat I've discussed before, and can also be a problem. But, normally the problem is solved by a call to the pit. CTR is another matter.
· I refuse to worry about angry patrons.
· Yes, I like to keep the number of chips on the table small. But, I also don't like to pocket chips surreptitiously. When I pocket chips, I make a point of it.
All good points, and yes, I don’t see any point in large buy-ins. Much of the time, I already have chips, so there is no buy-in.
 
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#8
I've been thinking about this a lot too. On one side I don't really like buying in for large amounts for some of the reasons said above, but it also lets me "lose" more (by ratholing chips).

Also I feel whenever I buyin for small amounts I don't like the fact that if I lose 1 or 2 hands with big bets the pit has to run over as I cash in for more chips. I feel like I'd rather just fly under the radar especially when the count is high.

There's also the speed and hassle factor, where I'd rather just buyin for a big amount and not have to worry about buying more chips for the entire session.
 

QFIT

Well-Known Member
#9
21forme said:
It's no longer legal to make cash bets, is it?
I asked I. Nelson Rose about this. He knows of no reg against money plays. He's in LV today and will ask some of the regulators.
 
#10
I asked a dealer at the big store in LV, he said "IRS shut down money plays 4-5 years ago.." No idea if it is accurate..
 
#13
An Artist at Work

PonyPrincess said:
I've been thinking about this a lot too. On one side I don't really like buying in for large amounts for some of the reasons said above, but it also lets me "lose" more (by ratholing chips).

Also I feel whenever I buyin for small amounts I don't like the fact that if I lose 1 or 2 hands with big bets the pit has to run over as I cash in for more chips. I feel like I'd rather just fly under the radar especially when the count is high.

There's also the speed and hassle factor, where I'd rather just buyin for a big amount and not have to worry about buying more chips for the entire session.
Ok, so you are losing and keep buying in, the boss sees this. What's the problem? They love you.

Let's say you have $90 in front of you and its time for approximately a $50 bet. If playing rated and/or you want more chips bet $50, if a split/double happens you get to buy in for perhaps $100. If playing unrated and want to stay under the radar bet $40 or $45 so you don't have to buy in for a potential spl/dbl.

Another example. Your playing sloppy with your bets, you now face a $140 spl. The best strategy most of the time is to buy in exactly $140. Why? If you lose all you have max flexibility for your next bet because you have to buy in. If you bought in for $200 and lose all you now have $60 in chips, your options will feel limited.

Learn to manage the chip stack in front of you. Do you have 1, 2 or 3 bets in front of you? Bet in such a way to promote or inhibit buy ins depending on your plans.

Having lost all chips on previous hand gives you great flexibility on your next bet.
 
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