The geometry of the spinning black holes of standard Einstein theory in 2+1 dimensions, with a negative cosmological constant and without couplings to matter, is analyzed in detail. It is shown that the black hole arises from identifications of points of anti-de Sitter space by a discrete subgroup of \(SO(2,2)\). The generic black hole is a smooth manifold in the metric sense. The surface \(r=0\) is not a curvature singularity but, rather, a singularity in the causal structure. Continuing past it would introduce closed timelike lines. However, simple examples show the regularity of the metric at \(r=0\) to be unstable: couplings to matter bring in a curvature singularity there. Kruskal coordinates and Penrose diagrams are exhibited. Special attention is given to the limiting cases of (i) the spinless hole of zero mass, which differs from anti-de Sitter space and plays the role of the vacuum, and (ii) the spinning hole of maximal angular momentum . A thorough classification of the elements of the Lie algebra of \(SO(2,2)\) is given in an Appendix.