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tradingjamie
High Card
Joined: 15 Jun 2008
Posts: 3
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 Posted: Sun Jun 15, 2008 7:43 am Post subject: Stake and losing / payoff structure and strategy... |
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Hi,
This is a question about the costs of playing - Ive been playing with play money to get a feel for online playing, but now want to play with real money...
Why is it that games with the same stakes have different buy-in amounts? Also do these buy-in amounts affect the payoff structure. Also, what is the payoff structure - i.e. does the 1st winner receive all the payout, or do 2nd and 3rd win something?
Also, what is the maximum amount I can lose and does this relate to the buyin - i.e. If I play with my friends, we all put in £5 - so the maximum we can lose is £5 (but can win a lot depending how many players). Or on the this online site if you play, you can lose more depending how much you bet each time?
Many thanks for your help!
Jamie |
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HuJwang
Forum Blight
Joined: 20 Aug 2006
Posts: 5861
Location: Halifax, NS
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| Posted: Sun Jun 15, 2008 7:51 am Post subject: |
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Not sure I understand either of your questions. I don't know what you mean by "games with the same stakes having different buy-in amounts". Maybe you're talking about, e.g., $5+$0.50, which means $5 is the buy-in and $0.50 is the rake (house take). You can see the payouts by opening the tournament lobby and looking in the top left area.
I'm not entirely sure what you mean by the second question either, but if you buy-in to a game for $5, you're not going to lose any more than that.
Also, this probably belongs in the "General Poker" forum |
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tradingjamie
High Card
Joined: 15 Jun 2008
Posts: 3
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| Posted: Sun Jun 15, 2008 8:12 am Post subject: |
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Hi - thanks for your reply HuJwang
You kind of did answer my question - but in the Lobby, I arrange by stakes (in low stakes) and you get stakes of $0.05/$0.10 and $0.10/$0.25 for instance - but for different games of $0.05/$0.10 the buyins would range from $2 to $5.
Firstly why is it that a game with the same stake would have different minimum buyins - and also where is this information located in the lobby (without viewing the table and clicking a seat).
Secondly, why would I play a game with a higher buyin on the same stake - doesnt make sense - surely I would chose a game with the lost cost to start playing?
Sorry if this is in the wrong forum.
Thanks very much
Jamie |
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CompleteDonk
LOLDONKAMENTS
Joined: 18 Mar 2007
Posts: 2441
Location: I are serious cat, internet=serious biz.
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| Posted: Sun Jun 15, 2008 11:08 am Post subject: |
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| Some of the games are DEEP tables. This means that there are 50 Big Blind minimum buyins, and 200 Big Blind maximum buyins. It allows for more post flop play, and all around more skillfull poker playing than only 100 Big Blind stacks do. |
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StevieWard
Message Board Junkie
Joined: 12 Jul 2007
Posts: 1411
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| Posted: Sun Jun 15, 2008 6:44 pm Post subject: |
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| You also dont have to buy in for the full amount - at a $50 No Limit table the maximum you can start with is $50, but you can also buy in for the minimum $10. |
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HuJwang
Forum Blight
Joined: 20 Aug 2006
Posts: 5861
Location: Halifax, NS
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| Posted: Sun Jun 15, 2008 9:57 pm Post subject: |
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| tradingjamie wrote: |
Hi - thanks for your reply HuJwang
You kind of did answer my question - but in the Lobby, I arrange by stakes (in low stakes) and you get stakes of $0.05/$0.10 and $0.10/$0.25 for instance - but for different games of $0.05/$0.10 the buyins would range from $2 to $5.
Firstly why is it that a game with the same stake would have different minimum buyins - and also where is this information located in the lobby (without viewing the table and clicking a seat).
Secondly, why would I play a game with a higher buyin on the same stake - doesnt make sense - surely I would chose a game with the lost cost to start playing?
Sorry if this is in the wrong forum.
Thanks very much
Jamie |
I think you aren't understanding the difference between a tournament and a ring game (aka cash game). In a tournament everyone buys in for the same amount, and once you lose all your chips you're done. The payouts are based on what position you bust out in.
In a cash game there are no "payouts". You just buy in to the table for however much money you like, and you can leave at any time, keeping the money that you brought to the table. Also, you don't have to leave when you lose all your chips - you can bring more money to the table any time you want, up to the table maximum. The only thing you can't do is take money away from the table but continue playing... this is called "going south" and is pretty much banned in any game online or live. Also, leaving the table and returning with a smaller amount (this is called "ratholing") is usually banned as well.
For example, if you buy-in for $5, win a bunch and work your stack up to $15, you can choose to sit out and leave the table, for a profit of $10. The reason you might want to buy-in for more than the table minmum is that it becomees easier to win a lot. Working $5 up to $10 is a lot easier than working $2 up to $10, but obviously you risk losing more money as well. |
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tradingjamie
High Card
Joined: 15 Jun 2008
Posts: 3
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| Posted: Tue Jun 17, 2008 5:38 pm Post subject: |
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| Thank you very much for your answers, its cleared it up |
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