Discover How to Compete in Craps - Tips and Schemes: Chips Or Cheques?
Casino workers usually refer to chips as "cheques," which is of French origin. Technically, there is a difference between a chip and a cheque. A cheque is just a chip with a denomination written on it and is forever worth the amount of the printed denomination. Chips, on the other hand, don't have denominations written on them and any color can be worth any amount as determined by the dealer. For instance, in a poker tournament, the casino may value white chips as one dollar and blue chips as 10 dollars; at the same time, at a roulette game, the croupier might value white chips as twenty-five cents and blue chips at two dollars. A further example, the cheap red, white, and blue plastic chips you purchase at Wal-Mart for your weekend poker game are referred to as "chips" due to the fact that they do not have denominations printed on them.
When you put your cash on the table and hear the croupier say, "Cheque change only," he's merely informing the boxman that a new competitor wants to exchange money for chips (cheques), and that the cash on the table is not in play. Money plays in many betting houses, so if you place a 5 dollar bill on the Pass Line just prior to the shooter rolls the ivories and the croupier does not exchange your money for chips, your cash is "live" and "in play."
In reality, in live craps games, we bet with with cheques, and not chips. Sometimes, an individual will approach the table, put down a one hundred dollar cheque, and tell the dealer, "Cheque change." It's a blast to act like a beginner and ask the croupier, "Hey, I am a beginner to this game, what is a cheque?" Generally, their comical responses will entertain you.
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