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Stack (Poker)
A players "stack" is the total chips or currency that he has in play on the table at 
any given time. A player with a lot of chips in front of them would be considered to have a large stack and a player with few chips would be said to have a 'small stack' or be 'short stacked'. Often a unit of twenty chips is also referred to as a stack as a typical chip rack holds five stacks of 20 chips (100 total).
The size of a players stack relative to other players stacks is very important in any game. This is particularly important in tournament play where the blinds are continually increasing. The danger very real in any tournament not to be blinded out of the game. For this reason, there is less danger.
Having a large stack takes the pressure off as you are not under undue pressure to steal blinds. Additionally, with a large stack the short stacks will be less willing to go up against you as win or lose, you have enough chips not to do too much damage.
The size of your stack is also key in no limit games where declaring all in will put all your chips in play. Having a large stack when up against a smaller stack is a major benefit as you may put the smaller stack all in by way of raising. The benefit is that the small stack is risking his tournament life, where you are not.
The bottom line is that you can afford to be looser as a big stack with your chips than if you were an average or small stack.
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