Re: My home casino
If you really want to do this, you should probably visit (and play in) a few underground card rooms in your area first to see how they operate. I'm sure there are plenty, even in California. Some of them will have a problem with a minor showing up, but you just have to find the ones that don't.
It's not really going to be profitable at the $50 buy-in level, though. $1/$2 NL is probably about as low as you can get and still make money at everything you want to do, assuming a rake of 10% up to $4.
Custom chips are a must. One local underground room I know of got hit for well over $500 in "counterfeit" chips earlier this month.
Dealers are a must. At $1/$2 NL, they'll probably work for little more than the tax-free tips. They won't be "Vegas" quality, but they'll save you a lot of hassle.
Security is a must, and you want it to be both intimidating and legal. Should you ever get busted, a firearms charge won't help matters.
Also, it's probably not a good idea to hold the game at home. Your neighbors will quickly figure out that something's up when you've got a dozen or two cars parked outside your house every night. Rent some commercial/industrial space.
I'd probably steer clear of blackjack. I don't know about California but, in some places, there is a legal distinction between a house rake and playing the house.
Once you've got all that sorted out, free drinks and fast food to keep your players happy is a very minor thing.
Good luck.
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