What is the origin of the idiom "have had one's chips" and when to use it?

The idiom "have had one's chips" is believed to have originated in gambling, where "chips" are used to represent money. When a player loses all of their chips, they are out of the game and have nothing left to bet. In modern usage, this idiom is often used in a more general sense to describe any situation where a person or group has lost everything or failed completely.