Our goal today is to introduce you to the various denominations, colors, and values of poker chips used in the two prevalent formats - cash games and tournaments. Since poker chips are the third most important element of the game (the other two being players and cards, obviously), it makes sense to be acquainted with how they work. Introducing poker chips has helped standardize the game and expand its reach worldwide.Īlthough there is no universal formula for assigning colors and values to chips, some themes are common in poker events across the industry - regardless of whether it’s Razz, Stud, Omaha or another variation. The game instead uses a chip currency system.
Except in home games, you’ll rarely see poker players toss cash across the table each time they place blinds or raise bets.
