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Poker Chips

Casino tokens (also known as chips, checks or cheques) are small discs used in lieu of currency in casinos. Colored metal or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines.

Some casinos also use gaming plaques for high stakes table games ($25,000 and above). Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers.

Although the first gambling house was legalised in Venice in 1626, actual poker chips as we know them now were still not used for over two hundred more years. Back in the 1800s and prior, poker players seemed to use any small valuable object imaginable. Early poker players sometimes used jagged gold pieces, gold nuggets, gold dust, or coins as well as “chips” primarily made of ivory, bone, wood, paper and a composition made from clay and shellac. Several companies between the 1880s and the late 1930s made clay composition poker chips. There were over 1000 designs from which to choose.

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This draw poker game is common in home games but is rarely found in casinos today. Played as are other versions of five-card draw, but after the second betting round and before the showdown, there is a simultaneous declaration phase. Each player takes two chips from his stack and takes them under the table, bringing up a closed fist that contains either no chips (indicating that the player intends to win the low half of the pot), one chip (indicating that the player intends to win the high half), or two chips (indicating that he intends to scoop). When everyone has brought up the closed fist, the players all open their hands simultaneously to reveal their choices. If any player shows two chips, and his hand is the best low and the best high, he scoops the pot. Otherwise, half of the pot goes to the player with the highest hand who declared high, and the other half to the player with the lowest hand of those who declared low. There is no qualifying hand to win either high or low, and if no one declares in one direction, the full pot is awarded in the other (for example, if all players declare low, the low hand wins the whole pot rather than half). A player who declares for a scoop must win both ends outright, with no ties. For example, if a player declares scoop, has the lowest hand clearly but ties for high, he wins nothing. The other player with the same high hand wins the high half of the pot and the next-lowest hand wins low (assuming he declared low--if no other player declared low, the high hand who declared high wins the whole pot).

This game can be played with deuce-to-seven low or ace-to-six low hand values, but in that case it is nearly impossible to scoop (though you can still win the whole pot if everyone declares the same direction).

A cardroom (also spelled card room) is a gambling establishment that exclusively offers card games for play by the public. The term poker room is generally synonymous, since the gambling games played in such establishments are typically, and sometimes exclusively, variations of poker such as Texas hold 'em. Such rooms typically do not offer slot machines or video poker, or other table games such as craps as found in casinos. However, a casino will often use the term "cardroom" or "poker room" (usually the latter) to refer to a separate room that offers card games where players typically compete against each other, instead of against "the house." In the United States, stand-alone cardrooms are typically the result of local or state laws and regulations, which often prohibit full-fledged casino gambling. This was typically the case in California until the advent of casino gambling offered by American Indian tribes in the 1990s, though card rooms continue to flourish and even expand there. Since games played in card rooms are usually player-against-player instead of player-against-house, card room operators typically derive their revenues in one of two ways. In most, the dealer of each game (employed by the establishment) will collect a rake, a portion of the pot from each hand. At other times, a charge will be levied against each player for a specific time period, typically each half hour. Though traditional poker variants such as Texas hold 'em, Omaha hold 'em and seven-card stud are by far the most popular games offered by card rooms (and sometimes the only games), others may offer games such as pai gow, Chinese poker, and variations on blackjack. So-called "California games" are those that may resemble traditional casino games like blackjack, baccarat and even craps, but have rules changed that comply with various state restrictions. The majority of stand-alone card rooms are located in California, with more than a hundred such clubs licensed in 2006. Some are modest establishments with just a few tables, while others are the largest poker rooms in the world, offering as much as five times as many tables as the largest Las Vegas cardroom. Some even call themselves "casinos," even though their lack of electronic games would normally disqualify the use of such a term by modern standards. Hollywood Park Racetrack, a Thoroughbred race track in Inglewood, California, has an elaborate card room on its premises. Other large cardrooms are Bay 101 in San Jose, the Commerce Casino in Commerce and the Bicycle Casino in Bell Gardens. All these clubs host major poker tournaments, which attract the game's top players and television coverage. Poker rooms are sometimes operated illegally. New York City has been home to underground card rooms, some of which were the basis of the movie Rounders. Two rooms with more than ten tables -- the 14th Street Playstation and the 72nd Street Players Club -- were closed down by the police in 2005, but other smaller clubs continue to exist. Websites offering online poker games are referred to as "online cardrooms" rather than casinos.

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