A buy-in is the amount of money a player pays to participate in a game, whether it’s a cash game or a tournament. This initial investment is exchanged for chips that are used during the game. The buy-in amount can vary based on the type of game and the stakes involved.
In cash games, the buy-in typically falls within a specified range, and players have the option to buy more chips between hands if they lose their initial amount. The chips obtained in cash games retain their cash value and can be exchanged back for money.
In tournaments, the buy-in is a fixed amount, and all players begin with the same number of chips. The buy-in amount in tournaments directly contributes to the prize pool. Unlike cash games, tournament chips cannot be redeemed for cash, and players are typically eliminated as they lose their chips. While most tournaments do not allow players to add more money to their stack after the initial buy-in, some tournaments may offer re-buys or add-ons for a limited time.
The buy-in amount often correlates with the difficulty of the game, with higher buy-ins typically attracting more skilled players. Low buy-in tournaments are available, especially online, allowing players to participate with a minimal investment.
Also, but only in some cases, casinos may require a specific buy-in amount for certain tables or high-roller games, depending on the blinds.
The buy-in is distinct from an entry fee, where the entry fee covers administrative costs while the buy-in goes toward the prize pool.
