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Casino chips (also known as poker chips, gaming tokens, or checks/cheques) are small discs used as currency in casinos. Larger, rectangular gaming plaques may be used for high-stakes games. Poker chips are also widely used as play money in casual or tournament games, are of numismatic value to casino chip collectors , or may be kept as souvenirs .
A sobriety coin is a token given to Alcoholics Anonymous or other twelve-step program members representing the amount of time the member has remained sober. It is traditionally a medallion the size of a poker chip, 34 mm (1.34 in) (standard) or 39 mm (1.5 in) in diameter. In other twelve-step programs it is to mark time abstaining from whatever ...
The Chip Rack, now in its 21st edition, attempts to include all chips and checks issued by casinos in the State of Nevada. Some chips are considered high-value and have a listed value as high as $50,000. During their 2014 convention, a $5 chip from the Golden Goose SOLD for $75,000, and a $5 chip from the Lucky Casino SOLD for $52,500.
The player currently holding the most chips in a tournament (or occasionally a live no limit game) chip race An event in tournament poker where chips of a value lower than the minimum required are removed from play. See main article: chip race. chip up To exchange lower-denomination chips for higher-denomination chips.
No casino currently runs a craps table with a bet that yields a player edge full-time. Maximizing the size of the odds bet in relation to the line bet will reduce, but never eliminate the house edge, and will increase variance. Most casinos have a limit on how large the odds bet can be in relation to the line bet, with single, double, and five ...
Sometimes, a player will not have enough chips in smaller denominations that would be needed to make a bet or raise in the desired amount—for example, a player may be out of $1 and $5 chips and still have $25 chips—if the pot is currently $70 and the player wants to open action by betting half the pot, they will want to bet $35.
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