have had (one's) chips(redirected from have had his chips)
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have had (one's) chips
To be defeated; to fail completely; to die or be killed. A reference to chips (small plastic disks) used to make wagers when gambling. We tried to keep our business open through this recession, but we've had our chips at this point. My poor Uncle Rick fought long and hard against cancer, but he has had his chips in the end.
have had your chipsBRITISH, INFORMAL
If someone or something has had their chips, they have completely failed in something they were trying to do. Note: In the following expressions `chips' are the coloured tokens or counters which are used to represent money in casinos. After the 4-1 defeat by Wimbledon, most of the 10,000 crowd were convinced they'd already had their chips. Note: This may refer to gamblers who have lost all their chips and so have to stop playing.