Learn to Bet on Craps – Tips and Strategies: Chips Or Cheques?

Casino workers frequently reference chips as "cheques," which has its origins in France. In reality, there is a difference between a chip and a cheque. A cheque is just a chip with a denomination written on it and is always worth the amount of the written on it. Chips, on the other hand, don’t have values imprinted on them and the value is defined by the table. For example, in a poker tournament, the croupier might value white chips as one dollar and blue chips as $10; whereas, at a roulette game, the croupier may value white chips as $0.25 and blue chips as $2. Another example, the cheap red, white, and blue plastic chips you buy at the department store for your weekend poker game are referred to as "chips" because they do not have values imprinted on them.

When you put your money down and hear the dealer say, "Cheque change only," he’s just informing the boxman that a new competitor wish to exchange cash for cheques, and that the money on the table is not in play. Cash plays in most betting houses, so if you place a 5 dollar bill on the Pass Line just prior to the shooter tosses the dice and the croupier doesn’t change your cash for chips, your money is "live" and "in play."

In reality, in actual craps games, we play with cheques, and not chips. Every now and then, an individual will walk up to the the table, drop a 100 dollar cheque, and tell the dealer, "Cheque change." It’s a blast to pretend to be a newbie and ask the dealer, "Hey, I’m new to this game, what is a cheque?" Generally, their comical responses will amuse you.

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