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Learn to Compete in Craps – Tips and Schemes: Chips Or Cheques?

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Casino personnel generally refer to chips as "cheques," which is of French ancestry. In reality, there is a difference between a chip and a cheque. A cheque is just a chip with a value imprinted on it and is always worth the amount of the printed denomination. Chips, on the other hand, don't have denominations printed on them and any color can be worth any amount as determined by the casino. For example, in a poker table, the dealer might define white chips as one dollar and blue chips as ten dollars; at the same time, at a roulette game, the casino might define white chips as twenty-five cents and blue chips as $2. Another example, the cheap red, white, and blue poker chips you buy at the department store for your Friday-night poker game are called "chips" because they don't have denominations written on them.

When you put your cash on the table and hear the dealer announce, "Cheque change only," he's merely informing the boxman that a new competitor wish to change money for chips, and that the cash sitting on the table isn't in play. Money plays in most betting houses, so if you place a five dollar bill down on the Pass Line just before the shooter rolls the ivories and the croupier does not change your money for chips, your money is "live" and "in play."

In reality, in actual craps games, we gamble with with cheques, not chips. Every now and then, a player will approach the table, drop a 100 dollar cheque, and say to the dealer, "Cheque change." It's fun to act like a newbie and ask the croupier, "Hey, I'm new to this game, what is a cheque?" Frequently, their wacky answers will entertain you.

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