Each player has $1,500 to start a game of "Monopoly." According to the official rules, this includes two of the $500, $100 and $50 bills each. Each player also receives six $20 bills, five $10 bills, and five of the $5 and $1 bills. The rest of the money stays in the bank.
Who Controls the Bank?
One player assumes the role of the banker. This player is responsible for paying salaries and bonuses to players, selling properties, hotels and houses, and loaning money when players need to mortgage property. In addition, the banker collects fines, taxes and interest from players. The banker must keep personal funds separate from the bank.
Why Is the Banker Also an Auctioneer?
According to the official rules of the game, the banker serves a dual role as the banker and auctioneer. When a player lands on a property and chooses not to buy it, the property goes up for auction. All of the players (including the one who declined the option to buy) can bid on the property, ideally purchasing it for lower than the listed price. This helps all the players build their property monopolies faster.
How Do You Earn Money in Monopoly?
Players have several opportunities to earn money during the game. First, each player collects a salary of $200 every time they pass “Go,” unless they have a Community Chest or Chance card that instructs them otherwise. Another way to earn money is by collecting rent when another player lands on property owned by the player. Some Community Chest and Chance cards instruct players to collect money from either the bank or other players for events like a birthday or winning a pageant.
How Do You Collect Rent?
In order to collect rent, a player must first own property. When other players land on that property, they have to pay the landlord the amount of money specified on the deed. The rent amount increases when the landlord owns all the properties in a single color group and when the property has houses or hotels on it.
What About Free Parking?
According to the official rules of the game, Free Parking is a free resting space. However, a popular house rule for the game stipulates that players place income tax, get out of jail fees and other dues in the middle of the board. When a player lands on the space, that player collects all the money in the middle of the board. This is not an official rule.
What Happens If You Run Out of Money?
The bank never runs out of money. If there is a shortage of paper bills, players can create their own bills on paper and add them to the bank. This money functions the same as the official money. Another option is to exchange bills with players. For example, if the bank needs more $100 bills, the banker can ask a player to make change for a $500 bill.