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The player currently holding the most chips in a tournament (or occasionally a live no limit game) chip race An event in tournament poker where chips of a value lower than the minimum required are removed from play. See main article: chip race. chip up To exchange lower-denomination chips for higher-denomination chips.
The vast majority of authentic casino chips are "clay" chips but can be more accurately described as compression molded chips. Contrary to popular belief, no gaming chip going as far back as the 1950s has been 100% clay. Modern clay chips are a composition of materials more durable than clay alone.
The development of probability theory in the late 1400s was attributed to gambling; when playing a game with high stakes, players wanted to know what the chance of winning would be. In 1494, Fra Luca Pacioli released his work Summa de arithmetica, geometria, proportioni e proportionalita which was the first written text on probability.
The casino might give $1 for each 100 comp points. This example is equivalent to returning 0.3% of wagers on slots and 0.1% of wagers on blackjack. In addition, online casinos may offer comps such as free tickets to online tournaments, free slots online, tickets to other special events, extra bonuses, souvenirs, and payback.
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