check-raise Deceptive play whereby a player initially checks with the intention of raising should another player bet. See main article: check-raise. chip A small disk used in place of money. See casino token. chip declare A method of declaring intent to play high or low in a split-pot game with declaration. See declaration. chip dumping A strategy whereby one player deliberately loses chips to another player. Where players have agreed to take such action together, this is a form of collusion. In tournaments, two players are able to increase their combined equity of the total prize pool if their stacks are more evenly balanced. That is because of the changing marginal utility of chips in a poker tournament.
In cash games,
In cash games, this is typically an attempt to perpetrate money laundering or other sorts of fraud, and chip dumping in such situations does not usually harm other players in the game (although there are obscure exceptions). chip leader The player currently holding the most chips in a tournament (or occasionally a live no limit game). chip race An event in tournament online hold'em poker where chips of a value lower than the minimum required are removed from play. See main article: chip race. chip up 1.To exchange lower-denomination chips for higher-denomination chips. In tournament play, the term means to remove all the small chips from play by rounding up any odd small chips to the nearest large denomination, rather than using a chip race. To steadily accumulate chips in tournament play, typically by winning small pots with minimal risk-taking. chop