While playing any game that involves tiny colorful discs as currency, it’s important to know the worth of each chip. Most players think poker is all about buy-ins, sitting around the table and getting away with the cards. But the most important part of the game is chips. They come in varying colors and represent cash along with certain values during the tournament. However, many casinos have their chipsets marked but you may also get them without denominations, that are versatile in nature.
There is no official rule for how chips are assigned but the color and denomination are based on the stakes involved or level in a tournament.
Below is an example of standard poker chips color and values one might find in cash game in a Las Vegas property:
| Chip Color | Dollars Represented |
| white | $1 |
| red | $5 |
| orange | $10 |
| yellow | $20 |
| green | $25 |
| black | $100 |
| purple | $500 |
| maroon | $1,000 |
Chips are the weapons of a player that represent different values and they build them throughout the tournament. These chips vary in color and weight and are played in home games, cash games, and major tournaments. The values depend on the game or event where players in a $1/$2 No-Limit Hold’em game who chip-in for $300 will receive that amount in chip value. Almost all the casinos follow the same pattern while their colors might vary. As no standards have been defined, denominations can go higher in some real high-end stakes. And for this, the standard chipset can go as a $500 (purple/yellow) and $1,000 (orange/black).
Chip Values and Stack Sizes in a Home Game
When hosting a poker game at home, it’s important to figure out chip values and structure of the tournament. A simple $1-2 No-Limit Hold’em game with six to eight players is easy. A player with $100 buy-in can receive:
| Color | Value | Number of Chips |
| white | $1 | 10 ($10) |
| red | $5 | 4 ($20) |
| blue | $10 | 1 ($10) |
If you are hosting a $2-5 No-Limit Hold’em game with the same amount of players, the same guide as above can be taken into consideration. In bigger games, when hosting for a $5-10, the buy-in increases to $1,000(100 big blinds). For this, the guide would be-
| Color | Value | Number of Chips |
| red | $5 | 10 ($50) |
| blue | $10 | 10 ($100) |
| green | $25 | 10 ($250) |
| black | $100 | 6 ($600) |
Below is an example of the number of tournaments that players might begin with the above-mentioned case:
| Color | Value | Number of Chips |
| white | 25 | 10 (250) |
| red | 50 | 5 (250) |
| blue | 100 | 5 (500) |
| black | 500 | 1 (500) |
So, colors and starting stacks and chips value will vary in both cash games and tournaments depending on the chips and number of players.