Although there is no official rule on how chip values are assigned, there’s a common standard used for most poker events. A basic set of poker chips that are used in private poker games or other gambling games usually comprised of white, red, blue, green, and black chips. High-stakes tournaments also use chipsets with many more colors.
No matter what value system is used, make sure that the participants understand the chips' denominations and values.
What is the value of a poker chip?
The value represents the number of units of a poker chip. The denomination also varies according to the color of the chip. There is also a standard denomination of the value of poker chips, with a few variations. Here are the three sets of chips you can learn to play at a poker online free game.
Standard poker chip
- White chip: 1 unit or $1
- Red chip: 5 units or $5
- Blue chip: 10 units or $10
- Green chip: 25 units or $25
- Black chip: 100 units or $100
If there are more players, it is suggested to play with three or four basic chips. When there are more number of players, you can get a bigger chipset with more colors of chips.
Full set of chips
- White chip: 1 unit or $1
- Yellow chip: 2 units or $2
- Pink chip: 2.5 units or $2.5
- Red chip: 5 units or $5
- Blue chip: 10 units or $10
- Grey chip: 20 units or $20
- Green chip: 25 units or $25
- Orange chip: 50 units or $50
- Black chip: 100 units or $100
- Pink chip: 250 units or $250
- Purple chip: 500 units or $500
- Yellow/Burgundy: 1000 units or $1000
- Light blue chip: 2000 units or $2000
- Brown chip: 5000 units or $5000
If you are using a set of five colored chips, then the number of chips in each color should be in the ratio 5:4:3:2:1 which is from lowest to highest units.
Casino Chips
Casinos mostly have custom-designed chips that have the monetary value and the name of the casino printed on it. They can also be multi-colored and even stylized with patterns. The color-coding might follow the values of individual gambling areas or casinos that have their own unique color-coding systems.
History of Poker Chips
Throughout history, gambling games have always made use of some form of marker that can represent cash or any other form of currency. Standardized betting chips like the one we know and use came into existence during the early 1800s. Saloons and gaming houses have started using engraved pieces of bone, ivory, or clay as chips in their house-run games. These chips were quite easy to copy, so by the 1800s, many companies were commissioned to manufacture customized clay chips. They were carefully stylized to make them particular for a betting establishment, and therefore became hard to forge.
Nowadays, chips have become custom designed and manufactured; even many chips still contain a large percentage of clay on their composite material. Some casinos do use a ceramic chip, where the weight texture, design, and color are very carefully controlled which makes them harder to counterfeit than paper currency. Some casinos also embed their gambling markers with microchips that make them virtually impossible to copy. You can use poker bonus codes to get discounts in many casinos.
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