# Club Chips Versus Diamonds

> Source: [Club Chips Versus Diamonds in the Smarter.Poker Glossary](https://smarter.poker/glossary/club-chips-versus-diamonds)

## Definition
On Smarter.Poker, Club Chips And Diamonds Are Two Separate Currencies. Club Chips Are Play Credits A Club Issues For Its Own Tables, With No Cash Value. Diamonds Are A Promotional Rewards Currency Used Across The Platform. Neither Can Be Cashed Out, And There Is No Real-Money Gambling On The Platform.

- **Category**: Club Poker
- **Term Code**: `club-chips-versus-diamonds`
- **DefinedTermSet**: [Smarter.Poker Poker Glossary](https://smarter.poker/glossary)

## Related Poker Terms

- [Settlement](https://smarter.poker/glossary/settlement) ([Markdown](https://smarter.poker/glossary/settlement.md)): Settlement Is The Periodic Reconciliation Of Chip Balances In A Club Or Union, Usually Weekly, When Wins, Losses, Rake Shares And Agent Balances Are Totaled And Zeroed For The New Period. Real-Money Clubs Settle In Cash Outside The App. On Smarter.Poker Settlement Only Reconciles Club Chips, Which Are Play Credits With No Cash Value.
- [Poker Union](https://smarter.poker/glossary/poker-union) ([Markdown](https://smarter.poker/glossary/poker-union.md)): A Poker Union Is An Alliance Of Private Online Poker Clubs That Share One Pool Of Tables, So Members Of Every Club In The Union Can Play Each Other And Games Run At More Stakes And Hours. A Union Sets Shared Rules And Fees. On Smarter.Poker Unions Use Club Chips, Which Are Play Credits With No Cash Value.
- [Rakeback](https://smarter.poker/glossary/rakeback) ([Markdown](https://smarter.poker/glossary/rakeback.md)): Rakeback Is A Rebate Of Part Of The Rake A Player Pays, Returned By The Room, Club Or Agent As A Loyalty Incentive, Often As A Fixed Percentage Each Week. It Lowers The Effective Cost Of Playing. On Smarter.Poker There Is No Real-Money Gambling, So Any Rebate Is In Club Chips Or Rewards With No Cash Value.
- [Club Agent](https://smarter.poker/glossary/club-agent) ([Markdown](https://smarter.poker/glossary/club-agent.md)): A Club Agent Is A Person Who Recruits Players Into A Private Online Poker Club And Looks After Them There, Managing Their Chip Requests And Questions For The Club Owner. In The Wider Industry Agents Are Often Paid A Share Of The Rake Their Players Generate. On Smarter.Poker Agent Tools Manage Club Chips, Which Have No Cash Value.

## Practice On Smarter.Poker

- [Poker Arena](https://smarter.poker/hub/club-arena): Private Online Poker Clubs With Club Chips, Unions And Agent Tools.
- [Private Poker Clubs Guide](https://smarter.poker/features/private-poker-clubs): Complete Feature Specification For Club Arena Unions And Agent Ledgers.
- [Daily Freerolls](https://smarter.poker/freerolls): Compete In Daily $2,000 Free Tournaments And Diamond Freerolls.

## Compliance & Fair Play

There Is No Real-Money Gambling On Smarter.Poker: Club Chips Are Play Credits With No Cash Value, And Diamonds Are A Promotional Rewards Currency.