[FGators]

I think it definitely has something to do with this being level 2 and the fact that this guy would know not to go to the 5k chips especially if he's been tight and straightforward and the only hand he's played was the bluff on the old lady, which wasn't a big bluff, as reported.

Secondly ZeeJustin mentioned that he threw out chips totaling 500 so he clearly knows the differenation between the chips because of his preflop action. If the guy with the sports cap has around 30k chips he would have plenty of smaller denomination chips to toss out multiple 100 chips instead of going for a 5k chip. I would think your natural reaction would be to maintain the same chip approach as you did previously (preflop).

I think the guy with 1 post, grey_abbey, is the closest here and what he wrote was my initial reaction before I posted.