A “club player $50 free chip” is a special bonus offered by online casinos to attract new players. This type of bonus allows players to try out games without risking their own money. To claim this bonus, players usually need to enter a specific code during the registration process. The $50 free chip can be used on select games, and any winnings obtained from it may be subject to wagering requirements. Overall, this bonus can be a great way for players to experience an online casino without making a financial commitment.