1) Splitting a pot on the showdown with an equal hand, or in High-Low Split games where the high hand splits the pot with the low hand.
2) Chopping the Blinds: agreement
between the two players in the blind positionsto take their blinds back anytime no one else enters the pot.
(not possible in tournaments, and sometimes prohibited in ring games)
3) Chopping a tournament means the players remaining divide the prize pool
according to terms they determine rather than the posted amounts.