Chip monkeying is the act of exchanging lower value poker chips in for higher value chips in a poker tournament. This is also sometimes referred to as “coloring up”.

In most poker tournaments, players begin with a finite amount of chips. As the rounds progress and the blinds and limits increase, players are eliminated by losing all of their chips. The players that remain build increasingly larger stacks of chips. In order to keep the stacks of chips manageable, smaller value chips are removed from the table and replaced with larger value chips. Depending on the game and the rules of the tournament, uneven chips are either rounded up, rounded down, or raced off.

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