The term 'ante matter' is composed of four words: CHIP (4 letters), BET (3 letters), chips (5 letters), and CENT (4 letters). CHIP is a small, thin piece of food, usually made from potatoes, that is deep-fried or baked. BET is an agreement between two or more people to wager money on the outcome of an event. Chips are small pieces of plastic used as currency in casinos. CENT is a unit of currency equal to one hundredth of a dollar. Together, these words form the term 'ante matter, ' which refers to the money put up by players before a game begins.