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Discover How to Bet on Craps – Tips and Tactics: Chips Or Cheques?

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Casino employees frequently allude to chips as "cheques," which has its origins in France. Technically, there is a difference between a cheque and a chip. A cheque is just a chip with a denomination imprinted on it and is always worth the amount of the written value. Chips, on the other hand, do not have denominations written on them and any color can be worth any amount as defined by the casino. For instance, in a poker tournament, the croupier may value white chips as $1 and blue chips as 10 dollars; while, at a roulette game, the casino may value white chips as 25 cents and blue chips as two dollars. Another example, the inexpensive red, white, and blue plastic chips you buy at the department store for your Friday-night poker game are referred to as "chips" due to the fact that they do not have denominations written on them.

When you plop your cash down on the table and hear the croupier announce, "Cheque change only," he’s basically telling the boxman that a new competitor wants to change money for chips or more correctly cheques, and that the cash sitting 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 before the shooter rolls the ivories and the dealer doesn’t exchange your cash for chips, your cash is "live" and "in play."

In reality, in live craps games, we gamble with with cheques, not chips. Every now and then, an individual will approach the table, drop a $100 cheque, and tell the dealer, "Cheque change." It’s a blast to pretend to be a beginner and ask the dealer, "Hey, I’m new to this game, what is a cheque?" Most of the time, their crazy answers will amuse you.