What is ‘Time Collection’?
In poker, the ‘time collection’ is a fee paid in order to take a seat at a casino game. The fee is required upfront, and it secures a place for the player in the game. It is separate from the buy-in rate, and from any other relevant collections that are made during the course of the game. It often applies to tournament places, where players must pay in advance for their place in the game.
‘Time Collection’ Explained
A ‘time collection’ is a fee which casino players must pay in order to take part in certain games. In essence, it is the rental of the seat which will be played on, valid for a set amount of time. Fees are often determined in blocks of time – for example, the player can double their time collection fee and stay twice as long in the game – as long as they last that long.
There are many different ways in which the casino takes a cut from poker games, because this is the only way they get paid to host the games. Most other games have a house edge which favours the dealer, but poker is played against the rest of the table. To compensate, the house will often add a fee or collection to each game.
The ‘time collection’ usually refers to the fee paid upfront for the game, but it can also be used to describe the timed ‘rake’ applied to some games. This is a collection of a set portion of the pot – for example, 5% – which is taken at regular intervals during gameplay. Players not only have to beat their opponents, but they are also playing against the clock as the time collection can leave the pot very short in a round that takes a long time to play out.