Sep 02, 2009  For the complete color scheme available in poker chip sets, however, there is the brown chip which is worth a whopping $5000, followed by light blue chips worth $2000, burgundy chips which are worth $1000, purple chips which go for $500, pink chips which are worth $250, black chips worth $100, orange chips worth $50, green chips worth $25. Green poker chips have a value of $25, except in California where the $25 chip is purple. A black chip has the equivalent value of $100, expect in California where white chips are worth this amount. Universally, purple poker chips are worth $500. Chips with an orange.

• How Much Is One Chip Worth In Poker
• How Much Chips Cost
• Black Poker Chip Worth
• Poker Chips Worth Chart
• How Much Is 1 Poker Chip Worth

Sep 12, 2015  They were selling off boxes of low denomination chips (60x $5, 20x $1 - $340 face value) for $10 - about 3% of face value. IMO, the frames are worth more than the chips, and I wouldn't pay more than $10 a frame. The bare chips are maybe worth another $20. If you should happen to find a negotiable chip in the mix, this raises its value. Make Offer - $1 DOLLAR POKER GAMING CHIP RIVIERA CASINO LAS VEGAS, free shipping! Casino Chip.6 Oz Silver Insert Harvey's, Lake Tahoe, NV 50th 1944 - 1994 $6.99 13h 38m. Jun 28, 2019  Phillip Overbeck June 28, 2019 Poker Comments Off on Poker chip values – How Much Each Color Is Worth 288 Views Chips used for poker are among the most iconic parts of gambling overall. One complete basic set of poker chips usually consists of red, white, blue, green, and black chips. Jul 27, 2013  In this scenario, our ante is only worth 2.18 antes. Even in this situation, one player sometimes bluffs out the other remaining player postflop, increasing our equity. How much is an orange poker chip worth Poker Hand how much is an orange poker chip worth Matchup: Christoph Vogelsang vs. Surrender The surrender rule (not common in European and Classic Blackjack variations) enables the player to 'cut their losses' and escape from a hand that they think is very likely to be beaten by the dealer.

Casino tokens (also known as casino or gaming chips, checks, or cheques) are small discs used in lieu of currency in casinos. Colored metal, injection-molded plastic or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines. Casino tokens are also widely used as play money in casual or tournament games.

Some casinos also use rectangular gaming plaques for high-stakes table games ($25,000 and above). Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers.

• 3Construction

Use[edit]

Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. The tokens are interchangeable with money at the casino. Generally they have no value outside of the casino, but certain businesses (such as taxis or waiters—especially for tips) in gambling towns may honor them informally.

Tokens are employed for several reasons. Because of the uniform size, shape, and patterns of stacks of chips, they are easier to tally compared to currency. This attribute also enables the pit boss or security to quickly verify the amount being paid, reducing the chance that a dealer might incorrectly pay a customer. The uniform weight of the casino's official tokens allows them to weigh great stacks or heaps of chips rather than tally them (though aids such as chip trays are far more common.) Furthermore, it is observed that consumers gamble more freely with replacement currencies than with cash.^{[citation needed]} A more pragmatic reason for casinos using chips in place of cash at table games is to discourage players from grabbing back their bet and attempting to flee should their bet not win, because chips, unlike cash, must be redeemed at the casino cashier and have no value outside the casino in question. Lastly, the chips are considered to be an integral part of the casino environment, and replacing them with some alternate currency would be unpopular^[dubious].

Many casinos have eliminated the use of metal tokens (and coins) in their slot machines, in favor of paper receipts or pre-paid cards, which, while requiring heavy infrastructure costs to install, eliminate the coin handling expenses, jamming problems encountered in machines which took coins or tokens and can allow more game-specific technology in the space of a machine which would usually be dedicated to coin mechanisms. While some casinos (such as the Hard Rock Hotel in Las Vegas) which installed the receipt system had kept the $1 tokens around for use as $1 chips, most other casinos using the receipts had simply scrapped the tokens entirely. Most casinos using receipts have automated machines at which customers may redeem receipts, eliminating the need for coin counting windows and decreasing labor costs.

Casino chip collecting is a part of numismatics, more specifically as specialized exonumia collecting. This hobby has become increasingly popular with the Casino Chips & Gaming Tokens Collectors Club formed in 1988. Some collectors may value certain casino tokens up to $100,000, which are typically traded on online auction websites like eBay. Several casinos sell custom-made sets of chips and one or two decks of cards stamped with the name of the casino on them. Each set is contained in a small briefcase or box.

History[edit]

The ancestors of the modern casino token were the counters used to keep score in the card games Ombre and Quadrille. In 1752, French Quadrille sets contained a number of different counters, known as jetons, fiches and mils. Unlike modern poker chips, they were colored differently only to determine player ownership for purposes of settling payments at the end of the game, with different denominations differentiated by different shapes that each counter type had.^[1]

In the early history of Poker during the 19th century, players seemed to use any small valuable object imaginable. Early poker players sometimes used jagged gold pieces, gold nuggets, gold dust, or coins as well as 'chips' primarily made of ivory, bone, wood, paper, and a composition made from clay and shellac. Several companies between the 1880s and the late 1930s made clay composition poker chips. There were over 1000 designs from which to choose. Most chips were white, red, blue, and yellow, but they could be made in almost any color desired.

Construction[edit]

The vast majority of authentic casino chips are 'clay' chips but can be more accurately described as compression molded chips. Contrary to popular belief, no gaming chip going as far back as the 1950s has been 100% clay. Modern clay chips are a composition of materials more durable than clay alone. At least some percentage of the chips is of an earthen material such as sand, chalk, and clay similar to that found in cat litter. The process used to make these chips is a trade secret, and varies slightly by manufacturer, most being relatively expensive and time-consuming per chip. The edge spots, or inserts, are not painted on; to achieve this effect, this area of the clay is removed and then replaced with clay of a different color; this can be done to each chip individually or a strip can be taken out of a cylindrical block of material and replaced with the alternate color before the block is cut into chips. Then each chip receives a mid-inlay if desired, and is placed in a special mold that heats and compresses the chip at approximately 10,000 psi (70 MPa) at 300 °F (150 °C), hence the term compression molded chips.

The printed graphics on clay chips is called an inlay. Inlays are typically made of paper and are then clad with a plastic film applied to the chip prior to the compression molding process. During the molding process the inlay becomes permanently fastened to the chip and can not be removed from the chip without destroying the inlay.

Ceramic chips were introduced in the mid 1980s as alternative to clay chips, and are also used in casinos, as well as being readily available to the home market. The ability to print lettering and graphics on the entire surface of the chip, instead of just the inlay, made them popular. Ceramic chips are sometimes also referred to as clay or clay composite, but they are in fact an injection-molded chip made with a special plastic or resin formula that approximates the feel and sound of ceramic or porcelain. There are less expensive chips for the home market, made from various forms of plastic and plastic covered metal slugs as well.

The chips used in North American casinos typically weigh about 10 grams, but are usually between 8 and 10.5 g. Companies that manufacture chips for actual casinos include Gaming Partners International (whose subdivisions include Paulson, Bud Jones, and B&G), Classic Poker Chips, Palm Gaming International, Game On Chip Company and GTI Gaming.

Colors[edit]

There is no universally standardized color scheme for poker chip values, and schemes not only vary nationally and regionally, but even from venue to venue, or by event type within a single venue.

Chip colors found in home sets typically include red, white, blue, and sometimes green and black; however, more recently a wide assortment of colors have become readily available, particularly in lower-cost ABS plastic chips. Common additional colors are pink, purple, yellow, orange, and grey. Newer designs in home chips include three-color designs where a three-step molding process creates a chip with unique base, secondary, and detail colors. As chip sets are tailored to the buyer, the values of various colors vary widely, with less traditional colors either used as very high values such as $500, $1,000, $5,000, and so forth, common in tournaments, or as special 'fractional' values such as $2 or $0.50, common in low-limit games.

In casinos, uniform chip colors and sizes are sometimes specified by the local gaming control board for consistency. For example, regulations in New Jersey^[2] and Illinois^[3] specify similar uniform colors. Notably, Nevada has no regulations regarding color, which is why Nevada casinos may use white, blue, or gray as $1, though $5 and greater are almost always consistently colored. All US states where gambling is legal require that casino chips have a unique combination of edge spots for identification, the name and location of the casino and the chip's value, if any, impressed, printed, or molded onto the obverse and reverse of the token.

In 19th-century America, there was enough of a tradition of using blue chips for higher values that 'blue chip' in noun and adjective senses signaling high-value chips and high-value property are attested since 1873 and 1894, respectively.^[4] This established connotation was first extended to the sense of a blue-chip stock in the 1920s.^[5]

$2.50 chips (colloquially referred to as 'snappers' by chip collectors) are mostly used for blackjack tables, since a 'natural' (a 21 on the first two cards dealt to a player) typically pays 3:2 and most wagers are in increments of $5. However, the Tropicana Casino and Borgata in Atlantic City, New Jersey, and others, have used $2.50 (pink) chips in $7.50 to $15 and $10 to $20 poker games.

$20 chips are used mostly at baccarat and pai gow poker because a 5% commission charged for all winning banker wagers at baccarat and winning wagers at pai gow converts evenly. Bets of $20 are not uncommon in traditional table games such as craps and roulette; a $20 chip, for example, places a $5 bet on each of the 'hard ways' in craps and is preferable to passing a stack of chips or making change.

Because eight is considered a lucky number in Chinese culture, chips denominated 8, 88, and 888 (e.g., $8 in the US) are common in casinos catering to a Chinese clientele, often as a promotion for the Chinese Lunar New Year. They will sometimes contain an image of the animal associated with the year and are issued in a variety of colors.

Low-denomination yellow chips vary in value: $20 in Atlantic City and Illinois (which also uses 'mustard yellow' $0.50 chips); $5 at most Southern California poker rooms; $2 at Foxwoods' poker room in Ledyard, Connecticut; Running Aces Harness Park and Canterbury Park, both in Minnesota; and at Casino del Sol in Tucson, Arizona; and $0.50 at Potawatomi Casino in Milwaukee, Wisconsin. Blue chips are occasionally used for $10, most notably in Atlantic City. In Las Vegas and California, most casinos use blue or white for $1 chips, though many Las Vegas casinos now use $1 metal tokens in lieu of chips.

Chips are also available in denominations of $1000 or more, depending on the wagering limits of the casino. Such chips are often yellow or orange.^{[clarification needed]}. Casinos in Nevada, Atlantic City, and other areas that permit high wagers typically have chips available in $5000, $10,000, $25,000, and more; the colors for these vary widely.

Denominations above $5000 are almost never encountered by the general public; their use is usually limited to 'high limit rooms' where bet sizes are much greater than on the main floor. Casinos often use gaming plaques for these denominations: These plaques are about the size of a playing card, and must be marked with serial numbers. The greatest value placed on a plaque to date is $10 million, used at the London Club in Las Vegas.^[6]

Televised poker tournaments and cash games sometimes use bundled paper bills for high denominations, though the World Series of Poker and the World Poker Tour use round chips exclusively with denominations up to $250,000; tournament chips, however, are not redeemable for cash.

European casinos use a similar scheme, though certain venues, such as the Aviation Club de France, use pink for €2 and blue for €10. European casinos also use plaques rather than chips for high denominations, usually in the €1000 and higher range.

Security[edit]

Each casino has a unique set of chips, even if the casino is part of a greater company. This distinguishes a casino's chips from others, since each chip and token on the gaming floor has to be backed up with the appropriate amount of cash. In addition, with the exception of Nevada, casinos are not permitted to honor another casino's chips.

The security features of casino chips are numerous. Artwork is of a very high resolution or of photographic quality. Custom color combinations on the chip edge (edge spots) are usually distinctive to a particular casino. UV markings can be made on the inlay. Certain chips incorporate RFID technology, such as those at the Wynn Casino in Las Vegas. Also, makers' marks are difficult to reproduce. Also being used by one manufacturer, Palm Gaming, is an audible taggant incorporated into the ceramic chip blank. A simple handheld reader will beep if the gaming chip is authentic. Palm Gaming is even manufacturing custom made molds for their ceramic gaming chips- adding yet another high level of security to its gaming chip.

Counterfeit chips are rare. High levels of surveillance, along with staff familiarity with chip design and coloring, make passing fake chips difficult. Casinos, though, are prepared for this situation. All states require that casinos have a set of chips in reserve with alternate markings,^{[citation needed]} though they may not be required to have exactly the same number of reserve chips as they do on the floor. The most notable instance of counterfeiting chips was broken up in 2005, when two men were caught falsely converting $1 chips into higher denominations.^[7]

Casino chips used in tournaments are usually much cheaper and of much simpler design. Because the chips have no cash value, usually chips are designed with a single color (usually differing in shade or tone from the version on the casino floor), a smaller breadth, and a basic mark on the interior to distinguish denominations; however, at certain events (such as the World Series of Poker or other televised poker), chips approach quality levels of chips on the floor.

Variations[edit]

Several casinos, such as the Hard Rock Hotel and Casino in Las Vegas, issue 'limited edition' varied-designed chips, commemorating various events, though retaining a common color scheme. This encourages customers to keep them for souvenirs, at a profit to the casino.

How Much Is One Chip Worth In Poker

In certain casinos, such as the Wynn and Encore Casinos in Las Vegas, chips are embedded with RFID tags to help casinos keep better track of them, determine gamblers' average bet sizes, and to make them harder for counterfeiters to reproduce. However, this technique is costly and considered by many to be unnecessary to profit. Also, this technology provides minimal benefits in games with layouts that do not provide gamblers with their own designated betting areas, such as craps.

In television[edit]

How Much Chips Cost

The first game show to use them, Duel, had a variation in which the contestants answer questions using oversized casino tokens. The World Series of Poker at one time actually used its casino tokens for the poker tournaments, but in more recent years has had special Paulson WSOP clay sets made for the tournaments.

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See also[edit]

References[edit]

1. ^David Parlett. 'Quadrille and Médiateur: Courtly ladies' game of 18th-century France'. Retrieved 28 January 2009.
2. ^'New Jersey Casino Control Commission – Chapter 46. Gaming Equipment'. state.nj.us. 2006-07-30. Archived from the original on 2006-07-30. Retrieved 2019-09-17.
3. ^'Section 3000.625 Chip Specifications'. ilga.gov. 2017-01-23. Archived from the original on 2017-01-23. Retrieved 2019-09-18.
4. ^Merriam-Webster, Merriam-Webster's Unabridged Dictionary, Merriam-Webster.
5. ^Merriam-Webster, Merriam-Webster's Collegiate Dictionary, Merriam-Webster.
6. ^'The London Club's $10 Million Gaming 'Plaque' Raises the Bar for Las Vegas'. Business Wire. 2000-08-14. Archived from the original on October 10, 2014.
7. ^'Counterfeit Chip Ring Broken Up in Vegas'. Vegas Tripping.

All casinos and poker rooms worldwide utilize poker chips instead of cash. Instead of playing with paper money or coins, casinos require that individuals make their bets with chips. Individuals who host games in their homes will also need poker chips. It is possible to purchase personalized poker chips that are monogrammed or that contain certain pictures or images that are important to you. Poker chips have many great benefits. They help decrease certain problems that may occur if people used actual money.

Poker chips are available in different colors, with each color being equivalent to a certain amount of money. At one-time, instead of poker chips, games were played with gold nuggets, coins, and all sorts of materials. It wasn't until 1930 that venues wherein poker games were hosted began to require that individuals play with poker chips. They were generally made out of metal, clay, plastic, and acrylic. Today, they are the only type of money accepted in most commercial poker rooms. Chips can do double duty in a casino. They can sometimes be use to play other games, including various table games and card games.

Black Poker Chip Worth

Most casinos will have poker chips that bear the image of their logo. Though poker chips can be valuable inside of a casino, they have no worth outside of it. Individuals need to cash in their chips for an equivalent amount of cash prior to leaving the casino.

As stated before, different colored poker chips correspond to varying monetary values. White chips normally are worth between $0.50 and $1, (at times grey, blue, and red chips may be worth this amount, as well). Pink chips usually have a value of between $2 and $2.50. Red chips are often worth $5 in most cardrooms, with the exception of California where $5 chips are yellow. Blue poker chips normally have a value of $10, again with the exception being California, where $10 chips are brown. In Atlantic City, yellow chips are worth $20. Green poker chips have a value of $25, except in California where the $25 chip is purple. A black chip has the equivalent value of $100, expect in California where white chips are worth this amount. Universally, purple poker chips are worth $500. Chips with an orange hue have a value of $1,000, and grey ones $5,000. Different states and poker rooms may not adhere to these guidelines standards.

Poker Chips Worth Chart

How Much Is 1 Poker Chip Worth

Poker chips are a valuable part of the gaming process in casinos. It decreases the use of cash that can be problematic, specifically with regards to theft and counterfeiting. Individuals who play at home may want to purchase poker chips that are customized. This is especially true if they have a custom poker table. Purchasing a poker table and then chips is a great to start having the equipment needed to host a great poker game or tournament.