cardroom chip bank? (1 Viewer)

[saskbull]

looking for opinions on what a reasonable breakdown would be for an order to a chip manufacturer for a cardroom that would run 10-12 table 10-20k tourneys and 5-6 table cash games with stakes ranging from .50-50
nlhe to $10-20 limit?

 

[Perthmike]

Just arrange a conference call between yourself, GPI and @BGinGA to work out your primary set requirements.

Then the rest of us can place orders for the secondary set

Job done people.

 

[hdgeno]

I can’t offer constructive advice, but like where this could be headed. IN!

 

[PlaidDragon]

For Tourney

Assuming: 12 Tables (of 10players?) = 120 players. Standard 8,8,4,7 for T10000 & 2x 5000 for T20000

Rounding up to the nearest hundred to account for color up and losses over time.

Denom---------------------------------------------------------------------------- Chips----------------------------------------------------------------- Player Setup

25	1000	8
100	1000	8
500	500	4
1000	1000	7
5000	400	2
25000	100

4000 chips.


Others here can comment better than me on your cash games.

 

[saskbull]

For Tourney

Assuming: 12 Tables (of 10players?) = 120 players. Standard 8,8,4,7 for T10000 & 2x 5000 for T20000

Rounding up to the nearest hundred to account for color up and losses over time.

Denom---------------------------------------------------------------------------- Chips----------------------------------------------------------------- Player Setup

25	1000	8
100	1000	8
500	500	4
1000	1000	7
5000	400	2
25000	100

4000 chips.


Others here can comment better than me on your cash games.

thanks! hmmm..that’s significantly less than i would have thought

 

[PlaidDragon]

thanks! hmmm..that’s significantly less than i would have thought

Probably would need to be more if you plan to allow any kind of rebuy structure.

 

[BGinGA]

12 table 20k tourneys

For 120 x T20000 starting stacks (8/8/4/7/2) with 100% re-buys (4 x T5000) and color-ups (T1000 for T25/T100, T25000 for T500/T1000/T5000), you'd need the following, rounded up to full racks. Numbers in parenthesis reflect an extra rack per denomination, which is what I'd recommend actually ordering:

T25 x 1000 (1100)
T100 x 1000 (1100)
T500 x 500 (600)
T1000 x 1000 (1100)
T5000 x 800 (900)
T25000 x 100 (200)
--------------
4,400 chips (5,000 total recommended).


6 tables, cash games with stakes ranging from .50-50 to 5/10 NLHE:

50c x 1000
$1 x 2000
$5 x 4000
$25 x 1000
$100 x 1000
$500 x 1000
-------------
10,000 chips, which is just under $1.5 million bank (excluding the $500 chips = another $5 million), or about $246K per table. Works out to $225,000 total in $5 chips and smaller, which is $37,500 per table. Probably wouldn't hurt any to add another 2000 x $1 chips and 3000 x $5 chips, just to be on the safe side.

Limit games are another matter. Every table you spread should have at least 2000 of the smallest denomination. So if spreading 2/4 limit, you'd need 2000 x $1 chips just for that table, plus a couple of racks of $25 chips. If spreading 10/20 limit, you'd need 2000 x $5 per table, plus a rack or two of $100 chips.

I'd plan on at least 20,000 chips total (5,000 tourney and 15,000 cash), and that's assuming no fixed-Limit games are offered. How many extra chips are needed for Limit games will depend on many tables you want to run simultaneously.

Planning for a card room is a lot different than a home game, because it's not a static or fixed-size crowd. Players come and go, move around to other tables, go to dinner and return, etc. Worst thing a casino can do is run out of checks.

 

[Steamtrain]

If the card room is open to the public and your 50¢ and $1 chips are nice expect some harvesting.

 

[Chipandchair]

How are you going to make money?? Tourney fees and rake only? Membership fee? Food and bev?

 

[PlaidDragon]

How are you going to make money?? Tourney fees and rake only? Membership fee? Food and bev?

No, nothing like that.

Anyone caught harvesting has to buy him a minty set of Paulsons.

 

[allforcharity]

How are you going to make money?? Tourney fees and rake only? Membership fee? Food and bev?

Selling chips off the floor!

 

[saskbull]

without getting into fine details, there are very specific laws relating to rake, as in one cent taken by operators during a live game is illegal. as an entity, the cardroom makes zero profit, all money above operational costs goes to charity. funds are gathered via food and bev, raffles, tourney fees and member/player donations. startup membership fees are token amounts.
the previous model was involved in funding homeless relief and support, youth fishing initiatives, and assisting underprivileged and at risk youth with sports equipment and fees. i am looking into the legalities of expanding to international membership and causes. the previous model did quite well for these local causes until the executive infighting started and the operation disolved. as a result, the license wasn’t renewed. it operated under a few different names. the social club was called the prince albert social club/Infinity Cardroom, the tourneys were run under Lazy 8. the new venture has solid local backers, we are now in the secondary stages of licence approval, and do not see any issues with re obtaining. of course, i won’t speak to anything publicly other than needing to obtain secure chips for this operation, but if in the near (distant?) future, a thread is posted with the title “hooty hoo” feel free to send a pm regarding details.

 

[saskbull]

If the card room is open to the public and your 50¢ and $1 chips are nice expect some harvesting.

hmmm.. that’s an excellent point. it’s membership only, but we don’t vet or judge so there may be some questionable characters around. we may have to anticipate major harvesting of many denoms. we didn’t have any problems with our official 11.5g slugged chips on the last go but in these crazy times, who knows...oh well, what can you do..

 

[allforcharity]

You'll need a secondary set at least as big as the primary set, right? Following with interest.

 

[Tham6165]

You'll need a secondary set at least as big as the primary set, right? Following with interest.

I'm sure quite a few on here are following with interest. Would be interesting to see what evolves.

 

[JustinInMN]

Don't over think it, get 5000 of everything.

 

[BGinGA]

If the card room is open to the public and your 50¢ and $1 chips are nice expect some harvesting.

hmmm.. that’s an excellent point. it’s membership only, but we don’t vet or judge so there may be some questionable characters around. we may have to anticipate major harvesting of many denoms. we didn’t have any problems with our official 11.5g slugged chips on the last go but in these crazy times, who knows...oh well, what can you do..

Nothing wrong with using inexpensive/crappy chips for 50c denominations that might otherwise walk out the door. Security for those is also not as important, since few people will take major risks to bring in chips that both don't get heavily used and aren't worth very much.

Same to a lesser degree with the $1 chips; you just need to ensure that your replacement cost is less than the cash value, unless you like losing money or subsidizing home sets of other people that like nice chips.

You should almost encourage harvesting/collecting of $5 chips and higher denominations, within the extent allowed by law.