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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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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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PartyPoker.com was launched in 2001 and has since grown to be one of the largest online poker card rooms. At peak times, tens of thousands of players can be found playing on the site's virtual poker tables. The site is endorsed by Mike Sexton, the host of the World Poker Tour television show. Games include Texas Hold 'em (No Limit and Fixed Limit), Omaha and Omaha Hi-Lo, Seven-card Stud and Seven-card Stud Hi-Lo. Stakes range from 0.05/0.10 to 100/200 for limit games, and 0.02/0.04 to 25/50 for No-Limit/Pot-Limit games. Players can play for either real money or play money. All poker variants offered at real money tables are offered at play money tables. Party Poker offers a bad beat jackpot, which has at times grown to over $700,000 USD.