A chip, also known as a casino token, is sometimes made of clay and multi-coloured in order to distinguish their cash value equivalent. They are used in games like poker in place of money in order to recognize the bet amount faster and easier allowing for quicker betting rounds.
Chips have come a long way since their inception into the world of gambling. They have been securely used in place of cash money due to the difficulty in counterfeiting a chip, versus counterfeiting currency. Another distinct advantage is, by design each chip may have a uniform weight density and, or size in relation to there respective value and colour making it much more efficient when cashing out.
The word chip in itself references the expression chip-in, as into the pot. They have been used since the early 1800’s, before this time any small object of value may have been employed, for example gold pieces, gold dust, and even early versions of game pieces made of ivory, or clay that resembled chips of today.
A chip, also known as a casino token, is sometimes made of clay and multi-coloured. It is used in place of actual currency for gambling.