THE STAKES
“They have tied me to a stake.”
Macbeth, Act V., Scene 7th.
The stakes are chips, or counters. As they are used, presumably, only for that particular game, or sitting, they should be redeemed by the banker, at its close, for cash. Any player may be banker, as agreed upon. An outsider, who sits at the table but holds no hand, may by agreement act in that capacity. Each player purchases from the banker as many chips as he desires. These purchases ought to be for cash. If the banker chooses to accept the purchaser’s I. O. U. in return for the chips, it is to be presumed the I. O. U. will be redeemed for cash or chips at the close of the sitting. To any other player winning the chips of the player who gave the I. O. U. the banker must pay cash when “cashing-in” time comes. The I. O. U. must under no circumstances be allowed to get into circulation about the board. The amount of money received by the banker in return for chips should be carefully put aside for the redemption of the chips at the close of the game.
When it is agreed mutually to play for what are known as “table stakes,” each player puts on the table the amount he is prepared to lose.
The smallest such amount is then the limit of the betting. Sometimes a knife or similar object is put, instead of cash, into the pot, with the remark, “That makes my stake, as big as anybody’s.” But such irregularities are only permissible among intimates and are no part of the game. As to borrowing, it is the rule that if you borrow to raise, you must borrow to call. That is, if a player who is out of chips and cash succeeds in borrowing from the banker (no other borrowing should be permitted) enough to raise a pot on, he should not be permitted to cry poverty as an excuse for not calling when he in turn has been raised.
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“They have tied me to a stake.”
Macbeth, Act V., Scene 7th.
The stakes are chips, or counters. As they are used, presumably, only for that particular game, or sitting, they should be redeemed by the banker, at its close, for cash. Any player may be banker, as agreed upon. An outsider, who sits at the table but holds no hand, may by agreement act in that capacity. Each player purchases from the banker as many chips as he desires. These purchases ought to be for cash. If the banker chooses to accept the purchaser’s I. O. U. in return for the chips, it is to be presumed the I. O. U. will be redeemed for cash or chips at the close of the sitting. To any other player winning the chips of the player who gave the I. O. U. the banker must pay cash when “cashing-in” time comes. The I. O. U. must under no circumstances be allowed to get into circulation about the board. The amount of money received by the banker in return for chips should be carefully put aside for the redemption of the chips at the close of the game.
When it is agreed mutually to play for what are known as “table stakes,” each player puts on the table the amount he is prepared to lose.
The smallest such amount is then the limit of the betting. Sometimes a knife or similar object is put, instead of cash, into the pot, with the remark, “That makes my stake, as big as anybody’s.” But such irregularities are only permissible among intimates and are no part of the game. As to borrowing, it is the rule that if you borrow to raise, you must borrow to call. That is, if a player who is out of chips and cash succeeds in borrowing from the banker (no other borrowing should be permitted) enough to raise a pot on, he should not be permitted to cry poverty as an excuse for not calling when he in turn has been raised.
For more tips and information on the game of poker, visit: http://www.tops-poker.net