Poker Chip Value Calculator

Chips used for poker are among the most iconic parts of gambling overall. One complete basic set of poker chips usually consists of red, white, blue, green, and black chips. In addition, other larger high stakes tournaments also use other chipsets with more colors. For the most popular types of games like Texas Hold ‘Em Poker, or any other that uses chips as currency, you simply have to know how much each color is worth. It is important to remember that no set rules are in place for the values and that these are rather are common standards at poker events. In this article, we will go over the usual ways poker chips are valued during games.

1. Poker Chip Value Calculator Spreadsheet
2. Poker Chip Value Calculator Formula
3. Poker Chip Calculator Cash Game
4. Poker Chip Value Calculator Present Value
5. Poker Chip Value By Color
6. Poker Chip Distribution Calculator
7. How Many Poker Chips

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Basic Poker Chips

White – $1

Pink – $2.50 (This is rare in poker, and it is sometimes used in black-jack)

Red – $5

Blue – $10

Green – $25

Black – $100

Full Poker Chips

White – $1

Yellow – $2 (Again, rarely used)

Red – $5

Poker Chip Value Calculator Spreadsheet

Blue – $10

Grey – $20 (Sometimes green)

Green – $25

Orange – $50

Black – $100

Pink – $250

Purple – $500

Yellow – $1000 (These are sometimes burgundy or gray)

Light Blue – $2000

Brown – $5000

Are You Hosting a Poker Event?

If you want to host a game of poker with a maximum of 10 players, the experts suggest you should have around 500 chips in three or four colors. If you plan to hold a much larger game with up to 30 people, an around 1,000 chips in four or five colors is what you will need. Regarding sets of chips for your own games, you should keep the number of different colors low and have the most chips of the lowest value. Then, you should have progressively smaller numbers of chips as they climb in value. One example of this is a 4:3:2:1 ratio for $1, $5, $10, and $25 chips. For 500 poker chips, totals of 200, 150, 100, and 50 chips in white, red, blue and green is the common practice.

Casino Chips

Casinos tend to have their own custom-designed chips that have monetary value and the name of the casino printed either printed or engraved on the sides. These are also often multi-colored, stylized, and have patterns. The color-coding in the casinos often follows the values listed above, but many casinos make up their own systems.

Atlanta casinos mostly follow the basic practice of white, pink, red, green, and black chips. They also add yellow chips for $20 and blue chips for $10.

Las Vegas casinos are arguably the most popular in the world, and they also follow the primary system. They too, however, add $20 chips. The Wynn casino also has brown $2 chips and peach $3 chips.

California has no legal laws for chip colors in California, but a common color coding method is as follows:

$1 is usually blue

$2 is green

$3 is red

$5 is yellow

$10 is brown

$20 is black

$25 is purple

$100 is white and sometimes larger

$500 is brown or gray and often larger

High-Value Chips

Poker Chip Value Calculator Formula

A chip that is worth more than $5,000 is rarely available at the public in casinos, because high-stakes games are mostly held privately. At these events, casinos sometimes use rectangular plaques that are around the same size as playing cards. Casinos that allow high-stakes gambling in public areas have plaques of $5,000, $10,000, $25,000, and even higher. Only Nevada and Atlantic City have these casinos.

This all will be unnecessary if you are going to an online casino because the chips are already counted for you. However, not all online casinos are user friendly, to say it like this. Some of them have the Gamstop tool that prevents players with gambling issues to approach the site. To avoid such sites, you can check the list of non Gamstop casinos at sites such as freespins.monster.

History

Most of the gambling games through history used some sort of cash marker for the currency. However, the first use of chips dates back at the early 1800s when the saloons and gaming houses in the Wild West started using engraved bones, ivory, or clay as chips. These were quite easy to copy however, so by the 1880s, several commercial companies manufactured customized clay chips for the use in saloons and gaming houses. They were carefully detailed and hard to forge.

In contemporary casinos, chips are custom and manufactured, still containing a percentage of clay. Some can also be ceramic. The weight, texture, design, and color are carefully observed and controlled, and some high-end casinos even have microchips in them, which means they are impossible to copy.

P/V is the price-value ratio.
This percentage gives you a quick indication about how cheap or expensive a certain share is. Some people refer to P/V as 'mark-up'.

Poker Chip Calculator Cash Game

If you think about the normal price of a share being the exact % split of the total cost of entry.
For example, if the cost of a tournament is $200 and each 10% share is $20, then the P/V would be 100% (i.e. no mark-up)
If you start adjusting the share price, you'll notice the P/V value changes accordingly:

Entry Cost	Share Size	Price	P/V
$200	10% share	$40	200%
$200	10% share	$30	150%
$200	10% share	$20	100%
$200	10% share	$18	90%

Importantly, the further you go above 100%, the more expensive the share.

Poker Chip Value Calculator Present Value

If the P/V is 120%, then that means for every $1 that the seller is getting staked for on an event, they are asking for $1.20 from the buyer. If the P/V is 150%, then for every $1 they are asking for $1.50.
Good players with an excellent history of profitable results can justify selling shares at a higher P/V. Buyers know they are willing to pay a premium on the share because the chance of winning money is higher. Only players with a high ROI should be selling shares at a high P/V.
If you are a new seller, we really recommend keeping your P/V value low otherwise people will not buy your shares.

Poker Chip Value By Color

Here are our ChipMeUp P/V tips:

• The lower your P/V value is, the more shares you will sell
• Don't sell shares with a P/V greater than 150% or 110% if you are new.
• Feel free to raise your P/V once you have proven successful results.
• If you are getting staked for a tournament where the buyin is higher than what you usually play, reduce your P/V. Your ROI may not apply if you are moving up to a bigger game.
• Would you rather sell some of your shares with a high P/V or all of your shares with a lower P/V? We think the latter, because at least your now fully staked to play that tournament - You gotta be in it to win it!

Use our P/V calculator to see how it all works

Entry Cost

Single Share Size %

Price per Share

Price / Value

Poker Chip Distribution Calculator

Here is the basic formula we use to calculate P/V based on the 3 different values above.
Here is a link to a news article that was previously written about P/V and ROI.
http://www.chipmeup.com/news/pricevalue-ROI
You'll also find a lot more information about P/V and share pricing in the forum. Or if you're still puzzled by it all, why not strike up a conversation in the shoutbox or shoot us an email.

How Many Poker Chips

And next time you create a new event on ChipMeUp, consider dropping the P/V a little - We love seeing more buyers and more winners!!