Poker Money

• Poker Money Management

Real money poker games At 888poker, we've got loads of real money games available for every player, at every skill level! With buy-ins from just a few pennies, you can build up your bankroll at your own pace! Bovada Poker is a popular spin-off of Bodog Poker, a proven leader in online poker since its inception in 2004. However, options for playing real money poker in the United States have been limited since. Replay Poker is an adult site intended for players aged 18 or over. We do not offer real money gambling or an opportunity to win real money or prizes. Practice or success does not imply future success at real money gambling. Playing Real Money Poker in the USA Poker is a game of skill. Luck is also a factor, of course, just like it is in any other sport, but if you play your cards the right way, you'll win more often than you lose in the long run. You can even make a living at poker if you're good enough. This online poker casino lets you play poker online for real money. It's consistently rated as one of the best online poker sites for US players. The reason why it's rated as one of the best online poker sites US players is due to its various features. Some of the features it has included a 100% casino match bonus that goes up to $1000.

Can you imagine yourself playing poker without chips? Those small, round tokens that come in different colors and sizes are a significant part of any poker game. We exchange them with cash, then use these chips as ante whenever we play at a casino.

Poker chips only have value when you're inside the issuing casino. Casinos aren't allowed to accept chips from another casino, which is a part of their protocols. Players need to exchange these with cash to start playing, but you have to cash it out for real money before leaving the premises.

Let's cover everything about poker chips in great detail to help you learn more about it. We'll even cover some of the reasons why casinos require poker players to use these instead of real money.

The Economy of Poker Chips in Casinos

Can you imagine yourself playing poker without chips? Those small, round tokens that come in different colors and sizes are a significant part of any poker game. We exchange them with cash, then use these chips as ante whenever we play at a casino.

Poker chips only have value when you're inside the issuing casino. Casinos aren't allowed to accept chips from another casino, which is a part of their protocols. Players need to exchange these with cash to start playing, but you have to cash it out for real money before leaving the premises.

Let's cover everything about poker chips in great detail to help you learn more about it. We'll even cover some of the reasons why casinos require poker players to use these instead of real money.

The Economy of Poker Chips in Casinos

Whenever you hit the felt, you always need poker chips. It's a crucial part of playing poker, and the biggest casinos have millions of it in circulation every night. Since it's the currency that players use when playing poker, and they trade it for cash before and after playing, a casino should remain solvent with equal parts of chips and real money.

The value of chips is 1:1 for the currency that you're using, regardless of how much you buy. Your $10,000worth of chips will always be $10,000 as long as you are inside the issuing casino's premises. If you move to another casino, you won't get the same value for it. It'll only be worth the chips of the same color from the same casino.

The only reason why poker chips have their value when you're inside a casino is trust. When you're within their premises, you know that every chip in circulation has value because a player exchanged it for real cash. So, when you cash your chips out, you know that the casino has enough money to buy it from you. Without trust, a poker chip loses its value.

When a $500 chip is in circulation, you know that another player funded it before hitting the felt. There's no way a casino will release a chip, of any value, without another player paying for it. That's where trust comes in and is the reason why poker chips have a monetary value.

Poker Chips in Casual Games

You can play casual poker games: non-monetized or with real money, both of which are better with chips. However, each chip's value depends on the type of game that you're playing and could, sometimes, even affect the way we play games.

When playing poker with friends, and there's no real money involved, we use chips of the same color to place our bets. If you plan to have non-monetized games, we recommend the Fat Cat poker set because it doesn't have any value printed on the chips. It includes 500 chips with five different colors that you use to assign different values according to your liking.

Since poker chip doesn't have any monetary value, you have to establish a rule on how much each chip is worth. Here is a table that you can use as a guide to assign each color a value:

Non-Monetary Value Guide for Chips

*The colors are based on the chips included in the Fat Cat poker set. Different sets may have different colors for their chips, and some may even have their value printed on them.

White is usually the base color for poker sets, so it'll always have a value of 1 when playing non-monetized poker games. The rest of the chips from red to black will depend on the value that you assign them. We always recommend using non-marked chips when playing casual games because it gives you the flexibility in assigning values on each poker chip.

Assigning Monetary Value to Chips

Trust still plays an important role when playing poker with friends using real money. If you and your friends agree to monetize your game, each poker chip will only have a value that you and your friends agree. You trust each other that the chips will retain their respective value by the end of the game.

For example, if you agree that every white chip is worth $0.50, and every blue chip is worth $5, then it'll have that exact value when you cash out your chips. It won't change throughout the game, and it stands until every player surrenders their chips.

Assigning monetary value on chips depends on the blinds that you're using for the game. If you're playing with $1/$2 blinds, your white chips should always have a value of $1. You have to adjust the red, blue, green, and black values, depending on the number of players and chips. Remember, when playing monetized poker, the number of chips in play should be equal to the amount of money paid by the players.

The reason why we recommend the Fat Cat poker set is because it has enough chips to support up to 9 players, as long as you place a value on each chip correctly. Since it doesn't have a predetermined value printed on the chips, you can assign any number to it to support the number of players that you have and the money in play.

Why Do We Use Poker Chips Instead of Money?

It's hard to imagine a poker game without chips, but have you ever wondered why we're using chips instead of real money? After all, it's easier to reach into your pocket and grab whatever cash you have to start playing, right?

Here are three reasons why casinos and casual games use poker chips:

• The psychological effect of not betting with real money. The biggest reason behind using poker chips is the same reason we use credit cards; chips make it easier for players to bet. There's too much friction if you're using real money to play poker, which can affect your decisions. The use of chips makes it easier for you to bet, allowing you to focus on your game.
• Chips are more convenient to use than real money. The issuing entity of the chips can determine each chip's value, making it easier for players to use. Since each color has a value that often exceeds that of real cash, it also takes up less space when on the table.
• It gives casinos better control over the security of their chips. Today, most casino chips have RFID tags, which provide the casino several advantages over the use of real money. It includes the monitoring of each player's activities and everything that's happening on the floor. Aside from this, it also helps the casino prevent any attempt to commit fraud or theft.

Conclusion

Poker chips are worth money, but only when there's trust. When you're in a casino, you know that a $500 chip will always be worth $500 because an establishment guarantees its value. The casino will always have enough money to fund the chips because a chip won't be in circulation unless a player pays for it.

Without trust, a red chip will only be worth one red chip, five white chips, or whatever value you assign to it. You can't use it to pay for anything, and even if a chip is from a recognized casino, it still doesn't have any value if you're using it outside their premises.

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• Are casino chips legal tender?

If you have played in real brick and mortar poker room you know that the drinks are free and you can get compliments for food in the casino buffet or coffee shop or even hotel room. These poker rooms just want to show their poker players how they appreciate them. In return the poker players play at poker room and come back again. It wouldn't be easy to accomodate such a deals at online poker rooms. Fortunately there are several poker sites that came up with alternative promotion of excellet value for their players.

Online poker rooms do not have any options to provide customer care like the ones in live casinos. So they are trying to find some different ways how to attract poker players and show them appreciation. Instead of free food, drinks or hotel rooms, online poker rooms give away free poker money!

Is it really free poker money no deposit required?

There is no catch, no deposit poker rooms just want you to try them for free. Just as in the players club promotions at Vegas casinos, but online, free poker cash offers are even more generous because of the lower costs. Just like casino compliments in Vegas also winnings resulting from online no deposit bonuses can be cashed out after required number of bets (raked poker hands). If you get lucky or have good poker skills and know how to play poker and win then you can turn this free poker cash into poker bankroll, possible winnings are unlimited. If not, these free no deposit poker bonus offers will help you to discover what kind of players play at poker room and if there is possibility to be profitable. Then you can take advantage of their usually generous poker deposit bonus and get even more free poker money.

How do I claim the no deposit poker bonuses?

Free poker money are issued at most online poker rooms in form of no deposit poker bonuses. These are similar to regular online poker bonus offers. You need to meet playthrough requirements before you can cash your free pokerwinnings out. You also have to meet the minimum withdrawal requirement and sometimes a minimum deposit is needed in order to set up the payment method that will be used for withdrawing the winnings..

Before you can receive these free poker money offers, the no deposit poker sites need to make sure you are legal age and that you do not claim no deposit bonus multiple times. That's why some free money poker rooms need you to register credit card. Giving a credit card number to reputable online poker room, as are all reviewed by Casinator, is safer than paying at local gas station with same card. Most no deposit poker sites do not even need you to register credit card, you just send them copy of your ID (sometimes this is not needed when you register and claim the bonus but when you are trying to withdraw) or they will call you to confirm your identity and personal details.

Free poker money no deposit can be claimed in 3 forms:

• Instant free no deposit poker bonus - Right after you open poker account at online poker room and confirm your personal details, they will credit free poker money to your real money account and you can start playing real money tournaments or cash games, sometimes there is a pending part of the bonus that can be released by playing certain number of poker hands (earning certain number of poker points).

• Free poker bankrolls no deposit - Are provided by free poker bankrolls providers. These are third party companies that cooperate with online poker room and thus are able to provide their members with free online poker sponsorships. Players need to register at one of free poker bankroll providers, confirm personal details and sometimes pass poker quiz before they can claim the free poker bankroll. It usually take several days (up to few weeks) until the request is approved and bankroll credite.

• Turn your free play into poker cash - You just use play money to buy into poker tournaments that pay out real money, no playthrough requirements apply, just the minimum withdrawal requirement. There are also offers that award pending no deposit bonus which has to be cleared using either deposit or freeroll tournament winnings.

In order to qualify for free no deposit poker bonuses just sign up for an account at free money poker rooms using links and special no deposit bonus codes found at Casinator. You do not even need any free no deposit poker bonus codes at some free money online poker sites and the bonus is credited automatically, just use Casinator links to get your free cash.

Poker Money Management

Most free money offers are limited to certain countries or selected countries are restricted. We list these countries but always make sure to check terms and conditions of the provider for list of accepted/restricted countries as these may change quite often. Now just choose free offer and claim your free poker money!