What is Case Money?
Case money is a term which appears in poker. It refers to the amount of money a player has bought in with. If the player has used everything available to him in order to play, he is said to have ‘bought in for his case money’. A player down to case money will be hoping for an overall win during play, otherwise the current round will be their last. Rarely, the phrase ‘case money’ might also be used to refer to a casino‘s potential heist value – a criminal is said to ‘case the joint’ when they scout out the premises and ‘case money’ can mean an estimate or summary of possible gains.
Case Money Explained
In poker, the term ‘case’ is often applied to the last of something. A ‘case card’ is the last of a suit left to be drawn, ‘case chips’ are the last remaining on the table, and a ‘case bet‘ is the last bet that a player is able to make. To ‘case’ a casino also means to check it out – often used in the context of a criminal act such as a robbery or heist. It occurs as casino player slang for simply checking out a new venue and deciding whether to spend and play there.
In similar reference to being the last of something, ‘case money’ is the last money a player has available to them for gambling. Players who are using case money to buy in are desperately seeking a win, otherwise they will be unable to stay in the game after the current round. Case money does not apply to the last money on the table if the player has access to more – it is used to describe only those funds which are soon to run out.