How many do you have of each?
I have $1 x 150, $5 x 150, $25 x 100, $100 x 50, $500 x 50, just a set I bought off of
Amazon a little while ago.
I would $.25/$.50 stakes and make the $25s quarters, $100s $1s, and $500s $5s. Simple and easy. $5s could be $.05 if lower stakes are desired
That was the plan: $0.25/$0.50 blinds, and I do suppose that as others have also suggested, having each denomination represent cents instead of dollars would be easier on the math-side of things, rather than dividing by 10.
Another is to make the $25 be a quarter. This assumes you have enough $25 to play the role of quarter AND have enough $5 that you never actually need real $25.
Depends on your chip count, but I think your plan is likely the way to go.
Also a good point, it would be beneficial to offer some lower denomination chips if we end up dividing by 10, rather than have $25 become $2.50.
Is $25-$50 each player's cap for the night? If that's the case and you're playing no limit you need to think about reloading after people get stacked. 3-5 buy-ins per person, depending on how much they like to gamble, is usually good for a night.
I've played a few cash games in college, but for all of my other friends, this will be their first, so I don't anticipate anyone buying in more than 2 or 3 times total for the night. No major gamblers.
One would buy-in for $5 and would get 500 face in chips. As others mentioned, the math is easier if you convert the $ to cents. If there are part-time high rollers, give him a rack of 100s. Just be prepared for part-time high rollers who would do crazy shit.
We've tried dividing the face by 10 but didn't like it. Dividing by 10 or a different number got us confused on the math, especially since we were drunk n high.
Definitely makes sense.
Back in college frat house poker, we would do $5-$20 buy-in games. I was a part-time high roller everywhere I went to make random high bets.
Were you in the frat? If so, which one if you don't mind sharing?
Thanks everyone for your help! I think we'll end up just converting the dollars to cents to make it easier, and probably borrow
@Sunshine 's suggestion of having $25 serve as a quarter.