This is a small token (usually circular) or disc that rotates clockwise around the table after each hand. It is used to designate the dealer position for a particular hand. The player sitting in the button position does not actually deal the cards but has the symbolic dealer role (though, it could during friendly game at home). The button token helps ensure that every player takes turns in dealer-related positions and that the blinds and betting order are correctly determined for each hand.
The button position in poker, also known as the "dealer button," is the most advantageous seat at the table. It is the last player to act in each betting round (i.e. post-flop, turn, and river) and is considered the late position. The button has the opportunity to observe the actions of all other players before making a decision. This position provides a strategic advantage because it allows the player to make more informed choices based on the actions of opponents.