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How Much to WagerAs part of setting up a home poker game you need to establish the chip worth. You want to set up your chip value so that each player has enough money to make change, but not so much that you use up all your chips. If you give out all your chips and another player shows up or someone needs to re-buy in then you need to cash someone else partially out. You also want to set it up so it is easy to make change using plastic racks. The plastic rack holds 20 chips per sleeve, with 5 sleeves per rack for a total of 100 chips. If you are looking to play low limit games such as $10 buy in per player your chip values should be as follows:
Now for the rules of play. 5 or 10 cent ante (per player), 3 raise maximum (this means per round of betting you can only raise 3 times), and $1 max raise. What does this all mean?Basically each player gives you $10 at the start of the night. For that $10 you give them a rack of whites (20 white chips = $1.00), reds (20 red chips = $2.00) blues (20 blue chips = $5.00) and 2 black chips ($2.00). So, if you have a crazy hand you are limiting the amount a player can get hurt. In a typical texas holdem hand if you max out each time the most you can lose is $12.10.
10¢ ante This seems like a lot -- and it is considering you started with $10 total. But this is rare. A more normal scenario for a total of $2.85 is as follows:
10¢ ante This is only true if you stay in for the turn card and river too. Otherwise you're in for only 85 cents. As you move up to a $20 game you can set your chip value as...
This gives each player a rack of whites (20 white chips = $5.00), reds (20 red chips = $10.00) and 5 black chips ($5.00). Even if you just don't want to go to $20 but want to spread your chips out for the $10 game you can have..
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