All you need to be able
to win a poker tournament. As long as you have even a single chip you have a chance to win the tournament.
The term is associated with Jack Straus, winner of the 1982 WSOP Main Event
. The story tells us that at one point Jack was sure he was out of the tournament, but it turned out that he had a single chip which was hidden from view on the table. He sat back
down and managed to win the tourney.
Example: All you need is a chip and a chair!
Created by TLR
on 23 Jul, 2009
Last updated by Pascal
on 4 Sep, 2012