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Definition of 'Buy-In'

A buy-in is an amount of money that must be paid in order to participate in a game, contest, or other activity. In poker, the buy-in is the amount of money that each player must contribute to the pot in order to be eligible to win. The buy-in can vary depending on the game, but it is typically between $10 and $20.

In addition to the buy-in, players may also have to pay a rake, which is a fee that is collected by the house. The rake is typically a percentage of the pot, and it is used to cover the costs of running the game.

The buy-in is an important part of poker because it helps to ensure that the game is fair. By requiring players to contribute an equal amount of money, the buy-in helps to level the playing field and prevents one player from having an unfair advantage.

The buy-in also helps to create a sense of excitement and anticipation. When players know that they have something to lose, they are more likely to play their best and to make more aggressive bets. This can lead to more exciting and unpredictable games.

Overall, the buy-in is an important part of poker. It helps to ensure that the game is fair, it creates a sense of excitement, and it helps to fund the game.

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