18
2012
WHAT IS THE VALUE OF THE POKER CHIPS?
The concept of poker mainly revolves around the monetary aspect. It is very hard to play with real poker during the game because it is hard to keep track of and it does not look neat enough. For this reason, poker chips are made because they have a standard denomination. They can be conveniently used during the game. They can be used even in those games where money is not involved to keep a tab of the score.
Types of poker chips
Coins, buttons or other small things are used by many people as poker chips but it is highly suggested that you should buy proper set of poker chips from market because they are uniform in nature. There can be many colors of these poker chips. You can choose accordingly.
Function of poker chips
As you already know, poker chips are used for betting in a game of poker. A particular value is assigned to each chip and the number of chips a player forwards represents the amount of money paid by him. At the end of the game that chips can be exchanged with money. Many a times, money replaces the chips right in the middle of the game. They indicate the standing of a player when used in a tournament.
Historical background
You might be under the impression that poker popularized the concept of chips. However, the chips go back than poker. They have a huge market of their own and are used large even outside casinos in private games. They were introduced in the first place for convenience but they sustained at they are very attractive.
Value
The value of the chips differs according to the place. The amount assigned to the color of a particular chip cannot be same everywhere and a player should update himself accordingly. White is for $1, Red is for $5, Blue is for $10, Green is for $25, Black is for $100, Purple is for $500, Burgundy is for $1,000, Light blue is for $2,000 and Brown is for $5,000.
Legal aspect
Whether you are playing with poker chips or real money, you should always keep in mind that the legality of the whole game depends on the law of the area where it is played. Replacing money with chips does not change the fact that you are gambling. So check the laws before you start the game to avoid future complications.
Posted by in Poker
