Chips (Casino term)

Chips are small, round discs that are used in casinos and other gambling establishments as a form of currency. Chips are typically made of clay or a similar material, and are available in a variety of colors, each representing a different value. In a casino, chips are used in place of real money, and players must exchange their cash for chips in order to play the various games. This allows for a more convenient and organized way of gambling, as it eliminates the need for players to carry large amounts of cash and allows for easier tracking of bets and payouts. Chips are typically marked with the name and logo of the casino, and can only be used within that particular casino. They are a convenient and widely-used form of currency in the world of gambling.