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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 .
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.
A chip race is an event that takes place in poker tournaments, especially those with an escalating blinds (such as Texas hold 'em), in which chips of denominations that are no longer needed (as the current and upcoming blinds are more easily played with larger chip values) are removed from play. This has the effect of reducing the number of ...
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See also live poker. live poker A retronym for poker played at a table with cards, as opposed to video poker or online poker lock up To lock up a seat in a cash game means to place a poker chip, player's card, or other personal effect on the table in front of the seat, to signify that the seat is occupied even though the player may not be ...
While poker's exact origin is the subject of debate, many game scholars point to the French game Poque and the Iranian game As-Nas as possible early inspirations. [3] For example, in the 1937 edition of Foster's Complete Hoyle, R. F. Foster wrote that "the game of poker, as first played in the United States, five cards to each player from a twenty-card pack, is undoubtedly the Persian game of ...