There are many different types of poker chips, but the most common are the plastic chips. Poker chips come in denominations of 1, 2, 5, 10, and 20.
The most common value for poker chips is 1 cent. However, some tournaments offer higher payout amounts and players may be willing to pay more for higher value chips. For example, a tournament might offer a prize of $10,000 for the first place winner if the chip count is at least 100,000. So, if someone has 100,000 1 cent chips they would be worth $1.
00 each. If they had 200,000 1 cent chips they would be worth $2.00 each.
