Poker Blue Chip
Blue chips are used as the highest denomination in games using white, red, and blue chips. While no longer frequently used in poker, the term is now commonplace in finance and investments, where it describes investments of stable and high value. EXAMPLE: 'I lost a stack of blue chips when my opponent completed a flush on the river.' Most poker chip sets come with three colors - white, red and blue. The white chips usually have the lowest value, the red chips have the second highest value and the blue chips have the highest value. So, a white chip might be worth $1, a red chip might be worth $5 and a blue chip might be worth $10. So, a 'blue chip' would denote the highest. Bluechippokerclub, Peterborough. 59 likes 12 talking about this. After doing poker for 12 years it finally wrote me off lol, after losing my other profile and public figure page with over 250k people on, it just felt like GAME OVER. But life has changed.
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Blue Poker Chip Cost
A blue chip is stock in a corporation with a national reputation for quality, reliability, and the ability to operate profitably in good and bad times.[4][5]
Poker Blue Chip
Origin[edit]
As befits the sometimes high-risk nature of stock picking, the term 'blue chip' derives from poker. The simplest sets of poker chips include white, red, and blue chips, with tradition dictating that the blues are highest in value. If a white chip is worth $1, a red is usually worth $5, and a blue $25.
In 19th-century United States, there was enough of a tradition of using blue chips for higher values that 'blue chip' in noun and adjective senses signaling high-value chips and high-value property are attested since 1873 and 1894, respectively.[6] This established connotation was first extended to the sense of a blue-chip stock in the 1920s.[7] According to Dow Jones company folklore, this sense extension was coined by Oliver Gingold (an early employee of the company that would become Dow Jones) sometime in the 1920s, when Gingold was standing by the stock ticker at the brokerage firm that later became Merrill Lynch. Noticing several trades at $200 or $250 a share or more, he said to Lucien Hooper of stock brokerage W.E. Hutton & Co. that he intended to return to the office to 'write about these blue-chip stocks'. It has been in use ever since, originally in reference to high-priced stocks, more commonly used today to refer to high-quality stocks.[8]
United States[edit]
The most popular index that follows United States blue chips is the Dow Jones Industrial Average, a price-weighted average of 30 blue-chip stocks that are generally the leaders in their industry. All companies in the Dow Jones Industrial Average are blue-chips, but the Dow Jones Industrial Average is an index that does not include all companies that are blue chips. Nevertheless, it has been a widely followed indicator of the stock market since October 1, 1928.[9]
See also[edit]
Poker Blue Chips Value
References[edit]
Poker Red Chips
- ^Petram, Lodewijk: The World's First Stock Exchange: How the Amsterdam Market for Dutch East India Company Shares Became a Modern Securities Market, 1602–1700. Translated from Dutch by Lynne Richards. (Columbia University Press, 2014, ISBN9780231163781)
- ^Stringham, Edward Peter; Curott, Nicholas A.: On the Origins of Stock Markets [Part IV: Institutions and Organizations; Chapter 14], pp. 324-344, in The Oxford Handbook of Austrian Economics, edited by Peter J. Boettke and Christopher J. Coyne. (Oxford University Press, 2015, ISBN978-0199811762)
- ^Shiller, Robert: The United East India Company and Amsterdam Stock Exchange, in Economics 252, Financial Markets: Lecture 4 – Portfolio Diversification and Supporting Financial Institutions. (Open Yale Courses, 2011)
- ^'NYSE Group, Inc'. Nyse.com. Archived from the original on 2012-10-17. Retrieved 2011-09-19.
- ^Blue Chip Definition Investopedia
- ^Merriam-Webster, Merriam-Webster's Unabridged Dictionary, Merriam-Webster.
- ^Merriam-Webster, Merriam-Webster's Collegiate Dictionary, Merriam-Webster.
- ^Prestbo, John (12 March 2008). 'Ever Wonder How 'Blue-Chip' Stocks Started?'(PDF). Dow Jones (internal news item). Retrieved 22 June 2018.
- ^'Dow Jones Industrial Average: Stock Index Summary'. Bloomberg. 1928-10-01. Retrieved 2011-09-19.