Gambling terms, explained straight

Casino & Table Games

Casino chips

Casino chips are small discs or tokens that replace cash at gaming tables, making bets easier to place and settle.

Also called
poker chips, gaming tokens, checks/cheques, casino tokens; large high-stakes versions are gaming plaques1
Typical size
about 39 mm wide2
Typical weight
casino-quality chips are 9 to 11 grams6
Common colour values (Las Vegas)
$1 white/blue, $5 red, $25 green, $100 black, $500 purple, $1,000 yellow5

Key points

  • Chips are a substitute for cash at the table, letting players place bets more easily on the layout or in the pot.34
  • The casino assigns value through colour or printed denomination; winnings and losses are settled in chips or cash depending on the game and house rules.25
  • In some jurisdictions, such as Nevada, the casino retains legal ownership of the chips until they are redeemed by a legitimate patron.6
  • Chips are used across table games including craps, poker, roulette and blackjack.3

Common chip colour values in Las Vegas

Colour conventions can vary between casinos, but the following are widely used.5
Colour Value
White or blue$1
Red$5
Green$25
Black$100
Purple$500
Yellow$1,000

How chips work at the table

Players buy chips at the casino cage or directly at the table with cash. The chips are then used to place bets on games like craps, poker and roulette.34 After a hand or round, the dealer settles bets by awarding chips for wins and collecting them for losses. Chips can be cashed out at the cage for money, though the casino retains legal ownership until redemption in some jurisdictions.6

Common questions

What are casino chips made of?

Modern casino chips are typically made from a clay composite or ceramic material. Some high-end chips include a metal insert for weight and durability.

What do casino chips look like?

They are small discs, about 39 mm wide, with the casino name and denomination printed on them. Colours vary by value, with common Las Vegas colours being white/blue for $1, red for $5, green for $25 and black for $100.25

What are casino chips called?

They are also called poker chips, gaming tokens, checks or cheques. Large high-stakes versions are known as gaming plaques.1

How do casino chips work?

Chips replace cash at the table. Players buy them at the cage or table, use them to bet, and cash them out for money afterwards. The casino assigns their value, usually by colour or printed number.25

Where this term is used

Not the same as

  • Casino gambling chips — a phrase that can emphasise the gambling-token function rather than the venue object
  • Casino max free chip — a promotional non-negotiable chip, not a standard cash-equivalent chip
  • Casino — the venue itself, not the gaming token

Sources

  1. Casino chip en.wikipedia.org Provides the core definition and alternative names for casino chips.
  2. Glossary of poker terms en.wikipedia.org Supplies typical chip size and weight figures.
  3. Craps en.wikipedia.org Confirms chip use in craps and as a cash substitute.
  4. Betting in poker - Wikipedia en.wikipedia.org Supports chip use in poker betting.
  5. Ask The Wizard #351 wizardofodds.com Provides common Las Vegas chip colour values and how value is assigned.
  6. Casinos - FAQ - Wizard of Odds wizardofodds.com Gives casino-quality chip weight and notes on legal ownership in Nevada.

Sources are drawn from regulators, universities and published research, and each one is labelled with what it actually is — a preprint is not called a paper. Bookmaker and affiliate pages are never cited here, because a page that sells betting is not a neutral authority on it.