Last Updated: January 31, 2022
Buy-In Meaning – The Amount of Money Exchanged for Casino Chips
A buy-in is a process of exchanging your money for chips in the casino. When you play a game that involves chips, such as poker, blackjack, or roulette, you will have to buy in first before you can actually bet.
A buy-in can also refer to a tournament buy-in, in which you have to buy your way into the tournament by paying a specific predetermined amount.
In such tournaments, the amount you buy-in for depends on the blinds and other factors established by the tournament organizers.
Many beginner casino players confuse the term buy-in with other terms like an add-on and re-buy. However, it’s important to remember that each of these terms refers to a different action.