Introducing a conversion factor for low stakes Cash Game (2 Viewers)

ExileExistence

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I recently hosted my first poker tournament with a new tournament chip set and now decided to also prepare for a cash game. Therefore, I need to get a cash-game chip set, but I’m struggling with the setup. Yes, cash game structures have been discussed here a million times, but from everything I’ve read (and I’ve read a lot), I’m still unsure and haven’t found anything that addresses my specific situation.

Initial situation and stakes​

I want to host a single table for up to 10 people. My friends and I are in our late twenties, and some have just finished studying, so we don’t have much money. For us it’s mainly about the fun and the company rather than winning money. So we might play casually for 5€ to 10€. With 20€ or 25€ being really the absolute maximum for an evening. Anything above would make players feel bad about losing and going home with nothing. Although losing everything might be less likely in a cash game than in a tournament, 10€ as an initial buy-In should just be about right. Players who feel comfortable can then put more into it with the option to rebuy. However, the set I want to buy should also allow me to go higher in the future, maybe up to a maximum of 50€. (I’ll use $ from now on, since it’s easier for the American community here, and the chips will have $ signs anyway.)

My general knowledge so far​

So from what I understand, you play a cash game typically with a max buy-in of 100xBig Blind. This is often considered better than 200BB, especially for new players, since deeper stacks lead to larger swings and require more skill (they give stronger players more betting options). Many casinos also use a 150BB max (for example, a $300 max buy-in at a $1/$2 game). The minimum buy-in is typically around 40–50BB.

For denominations, 3 are usually totally sufficient, as long as they have a 4-5x ratio between them.
  • Smallest denomination is for posting blinds
  • middle denom is the main workhorse for bets and raises
  • high denom chip is used as a store of value and only for large bets
  • fourth one is typically not needed, or one barrel is enough
Regarding the distribution: yes this has been covered extensively and isn't the main point of this post. Just for completeness, the total bank should cover 3x200xBB per player. So for 10 players that's 6,000xBB. I think with only a 100BB max buy-in and at maximum 3 rebuys per player, this could arguably be reduced to 3,000xBB.

Furthermore, I often see people suggesting only 100 of the smallest denomination (e.g., nickels). That might be correct in theory or at more advanced tables, where players rarely just call the BB and instead fold or raise using the next denomination. In those environments, the smallest chip is mainly for posting blinds, so 100x is enough. But in my amateur games I’ve observed the opposite: players limp or min-raise very often, which uses the smallest denomination. Constant limping means you either need more small chips or accept lots of change-making at the table. So I’d suggest going with 200x.

My problem​

So considering my stakes above with probably a $10 max buy-in, I should go for a $0.05/$0.10 cash game. This comes with a few drawbacks for me. First, I’d need a chip set with nickels. I’m currently looking for a Paulson cash set, and obviously $0.05 chips rarely exist in real casino chips. If I can’t find the right Paulson set, I might go for CC set (e.g., the Pharaoh’s, whose design I really like), which often includes $0.05 chips. But sometimes I don’t like the look of that particular chip. And yes, a custom set is an option, but I just don’t feel like going custom. It’s not my thing and I like to get stuff that already exists.

I could instead run $0.25/$0.25 using $0.25, $1 and $5 chips (Paulson sets often include quarters). But I prefer the big blind to be double the small blind for simplicity (and I’d need to read more about how SB=BB affects play). Also, a $25 max buy-in (100BB) is already the upper comfort limit for everyone, so there would likely be no rebuys. I can imagine this reduces the number of exciting all-in situations, because with $5 or $10 buy-ins, people might rebuy and create more action, but my friends definitely won’t rebuy if they’re already in for $25

The most common home cash game is probably $0.25/$0.50, but realistically none of my friends will bring $50 or risk losing that much. Or they will never join a poker game again. Maybe in 10 years, but not for now.

My second concern: I'd like to mimick a casino feeling, where you typically play with the 1s, 5s and 25s. Those redbirds ($5s) just look so lovely most of the time *_* so I'd like to use them in play. This would also suit a Paulson set, since distributions like 200×$1, 200×$5, 80×$25, 20×$100 are common (or atleast I've seen a few like this or 100x/300x/80x/20x).

The idea/solution?​

In a Cash Game, the value written on the chips is usually supposed to represent the real money 1:1. That makes bet sizing intuitive, since chips are exchanged directly for cash (unlike tournaments with a payout structure, where it is just about the place you achieve). I already accept that the currency symbol will be “wrong” anyway ($ instead of €), so realism isn’t perfect to begin with + its a bit more authentic.

But unless I use a $0.05 base chip for my set and the game, a 1:1 ratio will always be too high for my stakes. So I’m considering introducing a conversion factor. Obviously not very smooth or ideal, which is why I'm asking you guys for opinions and experiences.

This leaves me with a couple of options:
  • I could introduce a conversion factor of 1:10, so $0.1=$1 in chips
    • This would allow to run a "more casino-like" $1/$2 cash game with the $1, $5 and $25 chips and a max buy-in of 100*$0.2 = $20
    • or a $0.5/$1 game with $0.25, $1 and $25 chips with a max buy-in of $10
    • or even a $0.25/$0.5 game with the same chips but a max buy-in of $5
  • I could go for 1:100, treating each $1 as $0.01. This simplifies calculation because it is easy to think of chips as cents, but is probably too small even for us
    • $1/$2 game with max buy-in of 100x$0.02 = $2
    • or a $2/$5 game, with max buy-in of $5
  • I could go for 1:5 for more mental math, but would allow for
    • $0.25/$0.5 game using the $0.25, $1 and $5 chips and a max buy-in of $10
  • Finally, I could go for 1:20, which is again slightly awkward math (since $1=$0.2 in chips), but allows:
    • $1/$2 game with the "casino like" $1s, $5s and $25 chips and a max buy-in of $10

So what’s your opinion? Is this a stupid idea? Will people get confused or struggle to size bets correctly? What conversion factor would you suggest?

You might ask: 'why buy a cash set at all if you need conversion, just play with the tourney set'. I've thought about that too, but IMO cash games require a different chip structure.
As mentioned above, only three denominations are required, but in much larger quantities, since blinds don’t increase and players need many low and mid-value chips.

So yes, these were probably way too many thoughts (yes I’m an overthinker). So thanks for your patience and reading this wall of text. Sorry for all grammer mistakes, I've read this 10 times and now I am done. I really appreciate any comment and advice and your collective wisdom.
 
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I would not mix tourney with cash game chips.

Best options imo is relabelling Paulsons for the fracs (.05) or using Starbursts/NCV
 
A few thoughts -
  • At 10c blinds, just have two big blinds. The extra 5c is truly meaningless at those stakes, and makes cashing out at the end of the night a pain
  • It's not uncommon to have an NCV chip for blinds. That way you can change stakes later with the same chip
  • If you're going to do a conversion, I think 100x is much easier for people to intuit
 
Not sure about availability of Paulsons for certain fracs, I now play host 1/2+ cash as well as a couple times a year 10c/20c. My latest solution is to get cheap 10c and 50c fracs for the lower stakes cash game, which is usually short handed and for funsies so I don’t need too many of those chips.

My experience overall (been hosting around 10 years) is that SB=BB doesn’t affect play that much differently, but it’s up to you how you want to run your game. If you end up running a 10c/10c cash game that should be fine imo.
 
I would use nickels. quarters and dollars. Blinds could be $0.05/$0.05 or $0.05/$.10 or even a single nickel blind.

Casino fractional chips are rare and pricy. Actual nickel chips borders on unobtanium. Quarters in workhorse quantities is a heavy lift. Possible though not cheap:


Alternatively, the set could be $5s / $25s / $100s pennies rather than dollars.

On the other hand, there are plenty of chips available denominated in nickels/quarters/dollars. Not casino chips but with proper denominations but far better than "dice" chips. And there are always custom chips as an option.

Lastly, remember broke college students become prosperous graduates. Keep in mind your game and stakes likely have an evolving future -=- DrStrange
 
Damn I take that as an offense and compliment at the same time. Wrote the whole post myself and just gramma checked single sentences
It's time for the AI counter-revolution to begin, led by ExileExistence, the human AI chat bot! "Have you considered fighting fire with fire? Let me show you in 3 easy steps," he shouted in a warm, corporately acceptable tone.
 
It's time for the AI counter-revolution to begin, led by ExileExistence, the human AI chat bot! "Have you considered fighting fire with fire? Let me show you in 3 easy steps," he shouted in a warm, corporately acceptable tone.
My mood after writing this post for an hour
1771608021092.webp
 
I have never been a fan of scaled buy-ins for a cash game. Makes a lot more sense to have proper cash-value chips for everyone's sanity.

As someone mentioned above, just use an undenominated chip for a $0.05, and the rest of the denominations should fall right into place.

At to using a flat blind structure (i.e., $0.10/0.10), I recommend against that specifically at this level because the only real advantage is that you can skip using $0.05 chips, but you'll still need $0.10 chips, which don't divide evenly into $0.25. It can make change-making a little more complicated than it needs to be.

Also, don't rule out the possibility of running a $0.25/0.25 game with shallow buy-ins of $10 max. Not every game has to be 100 BB max. If your players are novices, this will sprinkle a little more gamble into the game, which ultimately will benefit them in small ways that may be good for keeping your game together.

Strategy changes from 1/2 to 1/1 blind structures are minimal. Don't overthink it. Having the SB "pre-completed" hardly makes a difference most of the time, especially playing cheeseburger stakes.
 
Never mix tourney chips and cash chips. That said, you can absolutely use tourney chips as a cash set. Its easy. T-1 = $0.01. 100s are now $1 chips, 25s are fracs, etc.
 
If your doing any conversions then 10:1 is the way to go. When the stakes move up to $50 buy-ins then get a rack of quarters or non-denominated chips and play without conversions.

I’ve never had a problem with it as the conversions are just for buying in and cashing out as @Kid_Eastwood mentioned. You’ll need more $25s and $100s as a result, but considering most games don't even get $100s in play its a good way to play with those.

Otherwise I like a non-denominated or relabeled chip for your small blind.
 
If your doing any conversions then 10:1 is the way to go. When the stakes move up to $50 buy-ins then get a rack of quarters or non-denominated chips and play without conversions.

I’ve never had a problem with it as the conversions are just for buying in and cashing out as @Kid_Eastwood mentioned. You’ll need more $25s and $100s as a result, but considering most games don't even get $100s in play its a good way to play with those.

Otherwise I like a non-denominated or relabeled chip for your small blind.
Yes I think this will be my way to go for now, allowing me to play with a real casino set (lots of $1s and $5s) and with $1/$1 or $1/$2 Blinds, Buy-Ins can be 5€ (for 50BBs), 10€ for the max buy-in (100BBs) or even up to 20€. This covers the current budget of our group just right.
 
Probably just a personal preference, but I like when a chip is labeled with it's value. Avoids people asking how much the chip is and also fits better to the rest of the chips which all have a denom.
 
Would it be a rake if I required buyins to be in US Dollars in Canada and paid out in US Dollars and have a set FX rate that I determine? That's the only time a conversion factor would come into play.
 
I didn’t think cash poker could possible be made so complex. I’m 51 and it’s strange to me that tournament style poker is all many understand. Cash is real poker …the way it was played for centuries. Tournaments are the modern anomaly but to me always a secondary way to play the game

Most casinos in the US have games based on established blinds and allow 100-150 sometimes 200 and in some places more …big blinds as the max buying for that particular game. 150-200 max is most common. Players can top off if they get down. That’s it. Just do that


For a $10 buyin cash game I wouldn’t be worried about trying use Paulson chips. Just order a custom micro stakes cash set from a Tina group buy.
 
I didn’t think cash poker could possible be made so complex. I’m 51 and it’s strange to me that tournament style poker is all many understand. Cash is real poker …the way it was played for centuries. Tournaments are the modern anomaly but to me always a secondary way to play the game

Most casinos in the US have games based on established blinds and allow 100-150 sometimes 200 and in some places more …big blinds as the max buying for that particular game. 150-200 max is most common. Players can top off if they get down. That’s it. Just do that


For a $10 buyin cash game I wouldn’t be worried about trying use Paulson chips. Just order a custom micro stakes cash set from a Tina group buy.
It’s not that complex, specifically with 10:1. You take away a zero when buying chips and cashing out, thats it. When stakes evolve you just add a rack or two of fracs and play with no conversions.

As we've seen in the past, it’s better to buy Paulsons now than to buy them later. Those custom tinas that no one else will buy unless they're a 25¢ per chip will end up costing you more than the increase in price on Paulsons 5 years from now. With clay becoming more rare, I’d say get them now while you can.
 
For a $10 buyin cash game I wouldn’t be worried about trying use Paulson chips. Just order a custom micro stakes cash set from a Tina group buy.
Isn’t that the main purpose of PCF? To obsess over and to buy stupidly expensive poker chips and other poker related items for use in (mostly) hamburger stakes poker games with (if one is lucky) like minded people.
 
This does feel kinda like tournament, where you have a set buy in but with a lot more chips than that! I do understand the sentiment - I used to play with some Chinese friends and they would do everything in yuan, so $100 in chips would actually be around $14 usd :ROFL: :ROFLMAO:
 
It’s not that complex, specifically with 10:1. You take away a zero when buying chips and cashing out, thats it. When stakes evolve you just add a rack or two of fracs and play with no conversions.

As we've seen in the past, it’s better to buy Paulsons now than to buy them later. Those custom tinas that no one else will buy unless they're a 25¢ per chip will end up costing you more than the increase in price on Paulsons 5 years from now. With clay becoming more rare, I’d say get them now while you can.

The OP is trying to find an economical option to play micro stakes poker. Buying very expensive chips seems at odds with that.

He can buy regular Paulsons with normal denominations and then also buy a cheap set for micro stakes from Tina to solve his issue he posting about here..


Not everyone cares about trading poker chips. Some want them solely for their practical application. I understand what this forum is but I’ve never been interested in collecting random chips… only either non-descriptive or completely custom chips.
Buying chips at $5 a pop only to play micro steaks seems insane to me. It’s like buying a $500 baseball bat for your four-year-old to play T-ball.
 
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Isn’t that the main purpose of PCF? To obsess over and to buy stupidly expensive poker chips and other poker related items for use in (mostly) hamburger stakes poker games with (if one is lucky) like minded people.
He seems to be trying to find a low budget way to have micro stakes games with standard denomination chips. Tina chips are cheap enough that he might as well. Just buy a set for his low stakes game instead of all this craziness
 
He seems to be trying to find a low budget way to have micro stakes games with standard denomination chips. Tina chips are cheap enough that he might as well. Just buy a set for his low stakes game instead of all this craziness
Yes, but shouldn’t we steer those lost wanderers onto the right path and towards the light? ;)
 
What you seem to be asking for has Tina customs written all over it. If your hesitation with customs is that you don't want to come up with a design yourself, there are dozens of pre-made designs to choose from and every month there's a couple hybrid labels that go on sale. Wait until there's a deal on a label you like and pick from the pre-made designs you like (or go with cards/no mold if you want to spend even less). Pick whichever denoms you need and if you like red chips, you can pick the quarter to be red or whatever. The hardest part is waiting 3 months for them to ship after you order.

Yeah, Paulsons will be better chips. If that's what you're really looking for then do what you will, but relabeling or converting denoms on top of paying Paulson prices seems a bit over-the-top for a micro-stakes set. Especially since it seems like your game is pretty new and who knows if you will be playing more tourneys or cash games and what stakes your guys will want down the line.
 
Especially since it seems like your game is pretty new and who knows if you will be playing more tourneys or cash games and what stakes your guys will want down the line.
This is a good point. 80% of the people I converted to cash with .25/.25 games play higher stakes now.

.50/1 or 1/1 with around a $100 max buy in may be where this game ends up and I’ve found it to be the absolute perfect stakes for a reliable consistent game. Anything lower and people start to get bored while the play suffers. Anything higher, you start to lose players after a bad night….plus you can just play at the casino. My 1/3 and 2/5 players are a totally different ground as are the .25/.25 people. They all seem to come together for my $1/1 $120 max buyin
 

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