Buy-in is the amount of money that a player must pay in order to enter a game or tournament. This buy-in amount is typically used to fund the prize pool, and the winner of the game or tournament will receive the largest share of the prize pool.
The buy-in amount can vary greatly depending on the game or tournament being played. For example, the buy-in for a casual, friendly home game of poker might be a few dollars, while the buy-in for a high-stakes poker tournament can be several thousand dollars.
In addition to the buy-in, players may also be required to pay a fee to the house or game, which is known as the "rake." The rake is a small percentage of the pot that is taken by the house as payment for hosting the game or tournament.
The buy-in and rake can have a significant impact on a player is overall profitability, so it is important for players to consider these costs when deciding which games or tournaments to participate in. In general, players should look for games or tournaments with reasonable buy-ins and low rake in order to maximize their chances of success.
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