I have a simple question. When tournament chips are discussed I see sets described as T1000, T5000 or some other number after the T. What does this designation refer to?
The value of the chip, i.e. a T25 chip or a T1000 chip
The base value of a tournament, i.e. a T25 base or a T100 base, meaning that the lowest-valued chip in play at the start of the tournament is a T25 or a T100
The value of a starting stack for a tournament, i.e. a T10k or T20k tournament has starting stacks that total 10,000 or 20,000
So, for example, a T25-base T20k tournament might have starting stacks of 12/12/5/6/2, meaning 12x T25 chips, 12x T100 chips, 5x T500 chips, 6x T1000 chips, and 2x T5000 chips, for a total value of 20,000 in each starting stack. If the first level blinds are 100/100 then each starting stack will have 200 big blinds.
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