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