Players in almost every establishment must exchange money for chips and use the chips only at the tables. The primary reason poker games use chips is to create consistency. Some venues offer pink and various shades of blue.

For higher stakes, there are usually $5,000 and $1,000 chips on hand, with some as high as $25,000 or $100,000.Ĭhips used for home games are often the same, with white as the lowest denomination, then red, blue, green, black, purple (or lavender), yellow, orange, and another shade of green. Values assigned to chips are generally the same across most poker rooms: $1, $5, $10, $20 or $25, $100, $500, and $1,000. One of the first questions a player should ask at a new venue is: “How much are poker chips worth?” Poker chip values The values may vary by tournament operator, casino owner, or local poker community standards. Standard poker chip values and colorsĮvery casino, cardroom, and home game host can establish their own poker chip values. They represent dollar amounts during play, and provide a way to play poker with a shared understanding of those amounts.

Players use them in cash games and tournaments, home games, and casino or cardroom events.

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