Quote:
Originally Posted by burke3gd
I would like to emphasize the importance of chip security. With those buy-ins you will have a minimum of $6,000 on the table at the beginning of your 6-MAX $2/$5 game, who knows how much it will be before the game ends. This will necessitate a lot of high-value chips, which in turn might tempt some unscrupulous players to try and sneak chips on the table.
Agreed.
Quote:
Originally Posted by burke3gd
There are two ways to combat this:
a) Create a custom set for your game. This need not be prohibitively expensive, especially when considering the stakes you are playing for. N.B. I see no real security in so-called semi-custom sets, especially at these stakes. Even rare chips are at times available on eBay, usually for a fraction of their printed price.
If it were within my price range, I would've loved to put together a set via Sidepot:
http://www.buypokerchips.com/custom-...chips-s/37.htm. With a unique enough design—i.e., design it yourself or pay a professional, and make sure it's something that's detailed enough to be impractical to replicate at a proper resolution from the chips themselves—combined with colors that are tough to eyeball, you should make it pretty difficult for anyone to introduce outside chips.
I'm not sure what Sidepot offers in the way of security, but you could ask. I imagine that it's possible they'd be willing to "protect" your design if you were to ask, but that's your homework, not mine.
Quote:
Originally Posted by burke3gd
b) Buy the chips you need from a casino. This has the added benefit that you can return the chips to the casino and get your investment back. The downside is that the chips could be a very tempting target for thieves.
That's crazytown. The downsides are:
1. Though it is redeemable, your chip set will now be locking up $10,000–20,000 of your money. If the casino decides to switch out their chips for some reason, and you don't hear about it in time to cash out, you will be stuck with a < $2,000 chip set that cost you five figures.
2. Giving or receiving cash in that amount generates a Cash Transaction Report for the feds, creating suspicion that you're up to some kind of criminal activity both when you buy the chips and when you cash them out. You'd really have to make multiple trips, and at some point, someone may wonder why you keep coming to their casino, buying chips, and leaving.
3. Some casinos might not be so happy about watching someone walk out their door with 1,000 or more of their chips. The chips are their property, and you're taking them away from their location to use in a game that effectively competes with their games. (While we're here, how do you leave with them? Are you bringing an aluminum case or a birdcage to the cashier window? This isn't just a pocketful of chips, but a whole set.)
4. Your game will now have a
minimum of
twice as much money in it as the buy-ins—the face value of the redeemable chips in your set, plus the cash amount people buy in with. That's at least twice as much for someone to steal, making you at least twice as valuable of a robbery target. And unless you're cashing them out after every game, your place will now have $10,000–20,000 worth of redeemable casino chips in it at all times, making it a robbery target even when there's no game.
If you do go this route, despite all of these risks, check around B&M or M&B first. Those guys are a helpful resource for these kinds of matters. Mr. pfapfap probably has some useful input on this issue as well.
Quote:
Originally Posted by burke3gd
I would also see to the security of the game. With so much cash around you are a very real target for robberies.
Locked doors, lockboxes, and all that good stuff, of course. Beyond that, if you don't already have one, buy a .45, educate yourself, practice with it, and be your own security. For a bonus, invite a friend you trust who is proficient with guns, and tell him that you'd appreciate it if he would carry a concealed piece at your game. Don't tell anyone in the game that anyone else is armed. Only you (and the armed friend, if there is one) need to know.
Last edited by Jimulacrum; 10-07-2013 at 04:17 PM.