Chip Races - Coloring Up
In larger tournaments organizers have developed a process to retire all of the lower valued chips from play. This process is known as a "chip race".
At coloring up time the tournament players trade up all the lower value chips that they can. The remaining lower value chips are then collected and added together. If, for example, there where a total of nine $5 chips collected when the tournament is coloring up to $25 chips you will have $45 in chips. Five of these nine chips would be used to purchase a $25 chip leaving four $5 chips on the table. This is not acceptable. Since the outstanding chips are valued at more than half the value of the $25 chip the tournament director remove the four $5 chips and add a second $25 chip to the tables. If the value of the outstanding $5 chips was less than half the value of the $25 chip they would be removed from the table but no $25 chip would be added to the tables.
After the remaining $5 chips have been colored up the tournament director has to decide who gets the $25 chips. To decide, a deck of cards is used, each player is dealt one card for each $5 chip they surrendered and the player(s) holding the two highest value cards wins a $25 chip (the ranking of suits and the card value is used in determining the winner).
The exception would be if the chip race would result in a player being eliminated from a tournament. In this case that player would be awarded (by default) one of the chips they were racing for.
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