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Deciding on what kind of poker chips, sometimes called cheques (or checks), is a decision that every home poker hosts needs to make at some point. Some low-stakes home poker games use coins for poker chips because they think it is more convenient. Personally, I think this is a pain in the pass. Starting Chip Requirements & Chip Values Chip Values. Cash games - For cash games, you will typically only need either 2 or 3 different chip values - and the chip values will be equal to the stakes value. For example, in a $1/$2 game, you will only need $1 and $5 chips for the bets, and you will want a third chip value for the $0.50 small blind. How to Set Up a Home Poker Tournament How to Set Up a Home Poker Tournament. The tournaments you see most commonly on TV, like the WSOP or the World Poker Tour, are termed “Freeze Out” tournaments, meaning you’re eliminated once you lose all of your chips.