When a player has lost all their chips they are said to be "down to the felt".
a player who has lost most of his chips
Totally out of money, broke.
To be broke, tapped out, chips all gone.
Completely broke and out of money.
(1) Completely out of money. (2) A description of a player who is all-in.
Wiped out, or flat broke. See also "tapping out" and "tapioca."
Refers to the green felt surface of a poker table no longer obscured by chips because wither you are 'All in' or have lost all of your money.
Out of money, broke. Slang.