Lammer (poker)
1) A special chip given to the winner of a tournament for which
the award is an entry or buy-in to a larger tournament. The
chip can be used only to buy in to a tournament, but can be
sold to another player for this purpose. For example, a super
satellite at the World Series of Poker might award three lammers
each worth $500. The winner might use those three lammers to
buy in to a $1500 tournament, or collect two more and use them
for a $2500 tournament. The term originally came from the chip-shaped
markers used in other table games, such as craps, where they
might indicate, for example, "on" or "off."
The name probably came from these chips being made of laminated
plastic.
2) The marker chip that a chip runner (or other floor person)
leaves in the tray of a house dealer at a poker table when taking
cash out of the dealer's tray, for which the runner will return
with chips.
