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What is Chip and a Chair in Poker?

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The phrase “chip and a chair” originated in 1982, when Jack Straus won the WSOP Main Event after his stack dwindled down to just a single chip. After completing his incredible comeback, Jack coined a phrase that has been a staple in the poker world ever since. Never give up while you still have chips, there’s always a chance!

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Note: If you want to win at poker, you need a solid preflop strategy. This free Preflop Guide includes 8 easy-to-read charts and crucial tips that will help you play like a pro before the flop. Get it now!