Buying in (poker)

In poker and gaming "buying in" is the process of entering a tournament that requires an up-front payment. The size of the payment, otherwise known as the "buy in", determines the total winning prize pool and also contains a fee, otherwise known as the rake, that is paid to the house.

For example, a 50-person capacity tournament could cost $55 entry per player. In poker terms, this could be presented as "$50+$5", meaning $50 goes to the prize pool to pay the eventual winners and $5 (10%) goes to the house for hosting the tournament. In this example, the prize pool would contain $2500 and the house would take a total of $250 (also 10%).

References

•  This article incorporates text from a publication now in the public domain: Chisholm, Hugh, ed. (1911). Encyclopædia Britannica (11th ed.). Cambridge University Press.