There are a variety of synonyms for the phrase "cashes chips" that casino-goers may come across while gambling. One common phrase is "redeem chips," which means to exchange the casino chips for money. Another option is "cash out chips," which implies the same process of exchanging chips for cash. "Convert chips" is a similar phrase that can be used interchangeably with these two options. Additionally, "exchange chips" and "redeem tokens" are also synonyms that can be used in this context. Regardless of the terminology used, the act of cashing in chips or tokens is an essential component of gambling that ensures players receive their winnings.