Cash games - how do you cash out? (3 Viewers)

[Darson]

I'm a complete newbie so please forgive my ignorance.

If you have a micro stakes cash game (5c/10c with $10 buy-in), how do you cash out when players leave or at the end of the night? Do you need to have a whole bunch of real nickels and dimes or do you round up/down to the nearest dollar? I can see it being really messy and a hassle if you're the host/banker!

 

[Schmendr1ck]

I don't deal with coins in my .25/.50 game. I round up or down to the nearest dollar, and everybody seems happy with that. If that seems too extreme for .05/.10, consider rounding to the nearest quarter (so you don't mess with dimes & nickels).

Another option is to flip for change.

 

[TheBigTater]

I don't deal with coins in my .25/.50 game. I round up or down to the nearest dollar, and everybody seems happy with that. If that seems too extreme for .05/.10, consider rounding to the nearest quarter (so you don't mess with dimes & nickels).

^^ This. (y) :thumbsup:

 

[Rhodeman77]

I would go with round to the nearest 25c as well. That way you only need to keep a few few dollars with of 25c coins on hand along with a bunch of $1’s.

 

[Lemonzest]

At the end of the night everyone counts their chips. We put everything that is not even dollars into the middle and play a hand of 5 card stud.

2 draws of 2 cards and 2's are wild. Whoever makes best the hand wins the pot making everyone's stacks even dollars. It works really well and its fun to win 2-4 dollars at the end of the night.

 

[Nex]

Flipping for change sounds like an interesting option I haven't considered yet.

I just regularly emptied my wallet and started collecting smaller coins until I had a good amount of each denom at hand. Was already pondering though how to stock up this reserve fast enough again between games if people all just bring paper money and maybe a handful of full units, nothing smaller. Adding rules like "you need to bring so-and-so much change or you can't play" would sound way too nitpicky for me. In the end, maybe a simple "bring enough change for your cashout or have your cashout rounded down to the next dollar" is a good enough compromise already for most players.

 

[Thomacetti]

At the end of the night everyone counts their chips. We put everything that is not even dollars into the middle and play a hand of 5 card stud.

2 draws of 2 cards and 2's are wild. Whoever makes best the hand wins the pot making everyone's stacks even dollars. It works really well and its fun to win 2-4 dollars at the end of the night.

Same, we do open face Omaha

We do it with everything below 5 EUR, so 8-handed it's almost a buy-in it's called The Crazy Games.
Most fun games of the night...we play several hands...players that did well, toss some buyins (1/2/3 EUR) in for those that lost more then average. More then once they scoop the pot and leave with a winner
They don't count for highest hand of the night (5 EUR per player)

Add straddles & 72 bonus and you have yourself a juicy 0.25/0.50 game (avg buyin is 100 EUR)

 

[CraigT78]

Round down and flip for change (y) :thumbsup:

 

[Lemonzest]

Since you mentioned you are a newb... a few things regarding handling cash/chips.

Your game is new so you can setup how it runs. Make it a rule that only 1 person handles the cash and chips exchange for rebuys. Preferably it should be you as the host but anyone can do it.

It is important that 1 person takes on the responsibility of banker to ensure the cashbox matches the chips in play at the end of the night. It may sound nitpicky but this helps the game to run smoothly and avoids any controversy later in the evening when everyone is tired and ready to go home.

Even if you trust your friends it gets complicated with everybody's hands in the cash/chips

Have fun!

 

[v1pe]

We play 5c/10c and we round to whole dollars.

If a player is only 10-20c short usually someone will flip them an extra 10-20c extra from their stack. (For example if one player has $7.80 in chips and another has $12.40, the $12.40 will give the other player 20c).

In college, we used to round down to the nearest buck and do a flip for change. We would just deal a NLHE hand out face up and whoever won got the odd $1-2 bucks extra in the middle.

 

[detroitdad]

I would go with round to the nearest 25c as well. That way you only need to keep a few few dollars with of 25c coins on hand along with a bunch of $1’s.

This. We play quarter fifty cent and I round down to the nearest dollar.

 

[JustinInMN]

I guess I am weird, but I keep about 2 in dimes and nickels and 5 in quarters in my "till" and pay out exactly.

For .05-.10 I keep 40 in low bills and coin and I have 600 chips totalling 460, so I can just spot check the bank knowing I should have a total of 500 at all times.

For .25-.50 I keep 75 in low bills and quarters and have 600 chips totalling 1925, so again spot check the bank for a total of 2000.

(But these players tip the host and are content to be rounded down.)

Other methods are okay if everyone cashes out at the same time, but if players leave at different times rounding is the only alternative.

 

[DrStrange]

I vote round down to the nearest dollar.

Then pay out all the stacks.

Then flip for what ever cash is left.

The purpose for this sequence is to create a small cushion for banking errors. It should be fast. It also gives the losers one last chance to get closer to even or perhaps become a winner.

 

[T_Chan]

Round down, any leftovers are either pooled and flipped for or given to the house and/or dealer as a "thank you for hosting".

 

[krafticus]

Not an issue in my game. People only give me chips to the nearest $5/$10/$20 and donate the rest to the host. All of the MD games we play in do this. It’s just a superior state.

 

[codeman00]

It's a rule that everyone counts their chips at the end and the host gets all of the loose 25c chips with the encouragement (optional) to throw some extra chips to the host in the process. Everyone else is paid out in even dollar amounts and and the host gets a bit of money for plates, paper towels, etc. It makes the cash out cleaner and gives some extra money to the one hosting.

 

[ekricket]

Nobody leaves till one guy has all the money. Keeps it simple.

Seriously what Dr Strange said.

 

[rjbf65]

I used to be a pay out exactly guy. But I’ve converted to rounding down. It’s just easier. Also, if I have to cash out before the game breaks I’ll round down and throw my change into the next pot. It’s a max of $0.75 that I’m leaving in the game and makes it easier on the host.

 

[Darson]

Loads of replies - thanks everyone. I think average answer is round down to the nearest single and find some imaginative way to deal with the change (flip, open hand, rock paper scissors).

Cool. So now I need to go to the bank and ask them for a load of singles. I'm sure the last thing they'll assume I need them for is poker...

 

[JustinInMN]

They come in bundles of 25, that's probably plenty.

 

[SWEATER]

If someone leaves early, they typically donate their odd fracs to the next pot.

 

[JustinInMN]

Get one of these.

 

[JustinInMN]

Okay we officially need this scene

 

[Mojo1312]

Usually down. Is this a trick question?

 

[Trihonda]

Round down, any leftovers are either pooled and flipped for or given to the house and/or dealer as a "thank you for hosting".

Ya. This. Generally house gets the spare quarters. And if people come to play on a poker table and use chip sets that cost the host thousands, only to complain that they think the host is trying to make a killing by skimming a few quarters...



But honestly it’s more about convenience, or the inconvenience of dealing with quarters.

 

[Amarena Fabbri]

If you have a micro stakes cash game (5c/10c with $10 buy-in), how do you cash out when players leave or at the end of the night? Do you need to have a whole bunch of real nickels and dimes or do you round up/down to the nearest dollar? I can see it being really messy and a hassle if you're the host/banker!

It's the host's responsibility (and just the right thing to do) to ensure that they have plenty of change on hand to cash everyone out -- no matter the denomination. There's nothing more frustrating than buying in for five $100 bills, only to cash out $500 and receive a mix of $10's and $20's -- or to cash out for $103 only to have the host not stock singles and offer you $100.

To make the odd chips easier to cash out at the end of the night, the host of one of my home games has everyone "ante" their odd $1 chips (1, 2, 3, or 4) plus an extra $5 chip and everyone, including the dealer (brought in for expressly to deal) plays a final hand of no-peek baseball for the pot. I hate this lazy practice, though I've won the last 2 times. This way only one guy requires singles.

 

[krafticus]

I- or to cash out for $103 only to have the host not stock singles and offer you $100.

While I always have small bills for this, is it really that big of a deal to ensure you get that $1. At that same token, wouldn't you appreciate a host that cashes your $299 up to an even $300, and eats the dollar to make you happier.

For the record, I know who, in my game, would just say "make it $100" with $103 in chips. I also know the ones that don't, and I never ever round up for them. I also don't provide quarters.

 

[BGinGA]

If I was sitting with $203 and the guy next to me had $99, I'd toss him a buck to make the payouts easier for the host. I'd only take $200 for myself, and if an unraked game, pitch in another $10 or $20 depending on the food/drink spead.

 

[Rhodeman77]

I always leave any odd dollars for the host if I am up. Or will toss it to another player as @BGinGA said to make their stack even.

When I am host and cashing people out I will often round a player up it is close to a whatever bills I have so that I don’t have to get up from the table to get the small bills in the back room. This usually happens with players that are down and leaving with some money. As the people that are up and leaving early will usually toss the couple odd dollars they are over to me.

In the long run it all runs about even.

 

[Jeff]

I have a cache of quarters in the drawer and if someone doesn’t offer to round, I pay thee man hees money.