Natskule
3 of a Kind
Take the math out of the cash in/out. If you are getting custom denominations, make the denominations those that you use. Make a $5 chip worth $5. Tournament structures can start with a penny or a million, doesn't matter and all play basically the same, but makes cash games infinitely easier.Hi, I have been reading this thread and many others on the Forum for some time as I look to purchase my first quality poker set. I have been using cheap dice sets for years and am looking into purchasing a 600 piece set of Milano chips with custom denominations. I usually host a low stakes fun cash poker game for about a $20-$50 starting buy-in depending on what the group wants with optional rebuys if your stack gets low. Our blinds are typically 25 cent / 50 cent or 50 cent / $1. And at the end of the night people can cash out for what they have left. We are usually 6 to 9 players I would say but would like the option for more if needed.
Even though we generally play cash games, I want the option to use the same set for a tournament, and also don't like the idea of buying 25 cent / 50 cent Milano chips. So, I am thinking of buying one of the following two options below I put together, so that say someone's $20 or $40 or $50 cash buy-in would give them either $10,000 in chips or $20,000 in chips depending on which option I choose, and then at the end of the night I would cash everyone out using a quick spreadsheet and pay them out. Option 1 would leave me with enough chips for about 3 re-buys after 11 players buy-in, and Option 2 would leave me with enough chips for about 2 re-buys after 11 players buy in. A cashing out example would be if everyone bought in for $20 and I did Option 2 below with each player getting $20,000 in chips, then a player finishing with $5,000 in chips would get paid out $5 cash, and player ending with $47,250 in chips would be paid out $47.25. We usually use Venmo / Zelle so I am thinking it should not be too difficult to pay out, but I wanted to get people's thoughts before I pulled the trigger on the purchase. Any thoughts on if this is a good idea or not and which option of the two below would be better would be much appreciated. I have been racking my brain for different ideas that would allow me to also use the set for a tournament setup and this is what I came up with. Thank you very much in advance!
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I've done the $10 gets you $100 in chips type cash games, but not by choice and just out of necessity. If buying chips, make the denominations fit the cash game first if you are using them for both cash and tournament. I prefer separate sets, but when limited options exist, I'll take a cash set and we can always turn it into a tournament set using basic principles.