Cash Game Is there a standard or preferred home cash game cashout out procedure? (1 Viewer)

[Manbearpig]

Hi again,

There seems to always be a proper way of handling all things poker but I haven’t come across a proper way of handling a home game cash out procedure online. I’m sure there’s a helpful thread, but maybe I missed it, anyways, is there a particular way of handling the cash out after the last hand has concluded? Example: people count up and separate stacks. Do you collect one persons chips and pay them out one at a time? Do you pay out big chips first? (Avoiding change issues, but I guess as bank should prepare for that) . Paying out people while sitting at the table with the bank by my side, do I take the mixed rack of paid out chips and put it in the bank “area” or... I’d like to hear your thought on how you would handle this in a professional manner
Thank you kind folks!

 

[LeLe]

We usually cash out using wire transfer / cashless payment so each individual will count out their net loss/win first.

If the amount tally, We will proceed on with the cash out.

If the amount is not tally, we will recount them. Usually there's no issue with the amount.

 

[stuamurr]

Pay the easy ones first (no odd fracs and even amounts that don't require change) remove each stack after paying before moving on. Quite often players will either tip the fracs/odd amounts or combine with their friends to save breakdowns from bank notes. I like to have a tally counter same as casinos for buy-ins with one click for every £10 buy-in then you can know how much 'should' be on the table in chips versus cash at hand.

 

[SteveEH]

I cash out players one at a time:

- player counts chips
- I count chips
- recount if we don't reconcile
- take chips off table and pay player, or if it's the end of the night I just bring the bank to the table.

I have change and round up if I can't make change.

My game is low stakes and security is not a concern.

 

[Poker Zombie]

Mine operates like @SteveEH 's game. Most players will round down fracs, but I prefer to race them up. I keep a metric shit-ton of singles (one might think I moonlight as a stripper if I smelled better) to ensure even payouts without having everyone checking their wallets for change.

 

[tabletalker7]

I actually built a cash register

IMG_20190919_193700.jpg

• tabletalker7
• Jan 9, 2021

Cash register

I make players bring their chips to the register (it ensures that chips being cashed out are removed from the table). The player counts it up. I count it up. The numbers match and I pay it out

 

[detroitdad]

I cash out players one at a time:

- player counts chips
- I count chips
- recount if we don't reconcile
- take chips off table and pay player, or if it's the end of the night I just bring the bank to the table.

I have change and round up if I can't make change.

My game is low stakes and security is not a concern.

This

Players hand me chips, I hand them cash.

 

[ovo]

we put Guns N Roses Double Talkin Jive on

double talkin jive , get the money motherfucker, cause I got no more patience

 

[Eriks]

Cashless ftw

 

[Poker Zombie]

Cashless ftw

In the US, "cashless"=pay taxes on it.

Definitely not a win.

 

[LeLe]

In the US, "cashless"=pay taxes on it.

Definitely not a win.

It Mostly Cashless over here in Singapore, I sometime don't handle Actual Cash for weeks

Cashless is just so convenient

 

[HaRDHouSeiNC]

In the US, "cashless"=pay taxes on it.

Definitely not a win.

This is why we need crypto

Cash app is good

Everyone having the same bank and small $200-400 member to member transfers would be fine Too

 

[Eriks]

In the US, "cashless"=pay taxes on it.

Definitely not a win.

Wow, really? I finally understand the US obsession with cash

 

[ArielVer18]

You said online, but to clarify, this is still in-person playing with physical cards and chips, right?

Here's what I do for a pure cashless game. At the end of the game, I fill out this chart:

Player	Total Buyin	Final Chip Stack	Win/Loss
Ariel
Bob
Chris
David
Frank
George
Henry
etc etc etc

To check your math, the sum of (Win/Loss) should be zero. If you want to go further with double/triple check, the sums of (Total Buyin) and (Final Chip Stack) should be the same.

Who's the biggest winner? Everyone who lost pays the biggest winner. Everyone else requests payment from the biggest winner. This minimizes the number of electronic transactions.

 

[Rhodeman77]

My best practice for cashing players out at the end of the night:

Do it carefully.

 

[upNdown]

Wow, really? I finally understand the US obsession with cash

It’s that, but there’s also a lot of appeal in there being no electronic paper trail at all. I don’t feel like I have anything to hide with my little home game where there’s no rake and we get maybe $1,000-$1500 on the table. But it’s still not something I want a record of. Now that I think about it, I also pay cash at the liquor store, the marijuana store, and the fireworks store. Nobody needs to be able to track those purchases, myself included.
But to the question, yes, I also do it like @SteveEH - they’ll count their chips and stack them so they’re reasonably easily to count, I’ll count them again and hand them cash. We play .25/.50 and I don’t deal with quarters. I usually round down, but last time a guy had like $84.50 and I just gave him $85 instead of dealing with singles - no big deal.
And I always keep the chips and the cash within arms reach. It’s rare that everybody leaves a cash game at once - usually one guy will leave first, then maybe a couple more later, etc. So it’s handy for me to be able to cash somebody out quickly without slowing down the game.

 

[gordogoblue]

I cash out one player at a time, I follow the process below since the game breaks at 5:30am sometimes. I’ll give them racks, they count and I count their chips. I leave their chips in front of them, count out the cash on the table, count again and then verify the chip stack again. The player is satisfied and then the chips come off the table. I leave the chips until they collect the cash as a verification. Since it’s so late and everyone is tired, this eliminates/reduces potential errors.

 

[Statesvegas]

We play small stakes at my house, so there is usually less than $1500 in play total.

Everyone counts their own chips in front of them and leaves them there. I go around the table and disburse funds based upon the counts was represented to me, with the cash remaining on the table with the respective chips in front of each person until I verify that there is enough to pay everyone, myself included. Transparency is important to me.

If the chips/money dont balance, my players that struggle with math recount their chips and the error(s) come to light pretty quickly. Nobody removes money or chips from the table until everything balances, and we have never (knock on wood) had the chips/money not balance out at the end of an evening. There was one occasion where a player couldn't get his actual chip count correct after 3 tries and needed assistance, but if you knew the player you would not be surprised.

 

[Irish]

If cashing out at the end of the night, I'll usually ask everyone to count their own stacks and tell me their cashout. Cash gets distributed with the caveat "leave it on the table in front of your chip stack". If it all works out - ezpz & done, everyone grabs their cash and heads home. If it doesn't, then I'll go around and recount each stack to figure out who miscounted and correct the distribution. 95% of the time I don't need to recount stacks - no one wants to be "that guy" that can't count his own stack lol.

If cashing out someone leaving early, count the stack and remove the chips from the table or back to the banking area / chip case. Leaving them on the table is asking for trouble.

 

[Nine_high]

I do the same thing for anyone cashing in or out, whether right at the start or end or in the middle of the game. I lay the cash flat in the middle of the table casino style, and cut out the appropriate amount in chips or vice versa, so everyone present can see it's all square.

Most people count their own stacks to cash out, but I count them myself regardless.

 

[ArielVer18]

The problem with my crew is everyone thinks they counted their chips correctly and have no patience sticking around after I already placed their cash in front of their chip stack.

For me, a few minutes before the end of the game, I count the cash so I know how much the total number of chips on the table should add up to. At the end of the game, everyone count their own stack and shout out how much they think they're owed. I write this number down instead of giving them their cash. This step doesn't take too long because players normally start counting before the last hand is over, especially after they've already folded.

If all the numbers add up to how much total cash there should be, everyone gets paid at the same time. If it's off, I say it's wrong and to recount, but I don't tell them how much it's off by in case someone want to game the system. If there's really one or two players who can't count correctly, they get help from me or a neighboring player (with a mandatory healthy dose of friendly needling, of course).

 

[JustinInMN]

Player count, then I count. If to matches I pay it out. If not then I count and player counts. If money is off, it is on me.

 

[4SUMERZ]

At a live table, my home game is strickly cash. I ask that players bring smaller bills so it's easier to make change at the end of the evening. Iave a cash box with small bills and change as well.
Process to payout is similar to many on here. Start with cash out of smaller stacks, count, payout, chips off table, and to next stack, etc.

When we play on Poker Stars online Home game, we use credit for buy in, then use e-transfers, or paypal for payouts at the end of each month.
The thing about Pokerstars, is that take a rake on the chips, so we use a formula to figure out the rake taken on the excel speadsheet ued to keep track of buyins, rebuys and stacks at the end of each session. We only play for a few hours once per week on line.
On line we use 20000 chips with 100-200 blinds cash game (Pot Limit)