Casino chips, which are usually made of composite chips, have a unique sound that is why they are costlier than the plastic chips.

Personalized Casino Money Poker Chip Bag Gambling Cash Coin Token Purse Crazy Money Slot Cash Pouch Playing Card Zipper Wallet. From shop BagsByKarenShop. 5 out of 5 stars. (134) 134 reviews. $10.99 FREE shipping. No Deposit Casino Bonus Codes. We’re all aware that free casino chips are one of the greatest aspects of online gambling. All you need to do to enjoy one of these fantastic perks is open an account at one online casino, deposit some money and within no time, you will be showered with generous casino bonuses to give you extra casino chips and a better chance of big winning. In the past, every casino could use their own colors for the various values of the chips, but that has become fairly standard over the years. White or blue chips are $1, red chips are $5 and can be. These are the best free chip bonuses that can be redeemed at the online casinos. Sign-up as a new player at these online casinos, and use the free chip bonus code to redeem the bonus within the casino cashier. Make sure to check the wagering and betting requirements before redeeming these bonuses. Some of these free bonuses can be redeemed by existing players.

Chips are the currency of casinos and poker games around the world. Walk into any brick-and-mortar casino and you’ll see more than a few chips. Even the sound they make as they clink together is as timeless as the bright lights of the Vegas Strip.

There’s a lot of money in Vegas, but it all starts with those little round chips you see circulating the casino floor. So why do casinos use chips instead of cash? At first, you’d think it would be easier to deal with cold, hard cash. There would be no need to constantly cash in and cash out. The casino wouldn’t have to hire cashiers simply to exchange chips for cash. Things would run easier, wouldn’t they?

Well, casinos use chips for a few reasons, and it’s not just tradition. Let’s take a look.

1. Psychology

The primary reason casinos prefer chips over cash is because chips add a little mental separation between the gambler and his valuable money. It’s a little easier for you, the gambler, to place a big bet because it’s just chips. Logically, you know what those chips represent. But since it’s not actual cash in your hand, you feel slightly less inhibition towards taking bigger risks.

Basically, it’s a matter of psychology. You can also think about it like this. If you wanted to place a $500 bet on blackjack and all you had was cash, you would have to sit there and count out the currency. It might be twenty-five $20 bills or a small wad of fresh, crisp hundred dollar bills. It’s very real and it’s staring you in the face. It gives time for what you’re doing to really sink in.

But if you use chips, all you need to do is throw a single, purple chip down on the table. It doesn’t look like much. It’s just a single, lonely chip sitting there in the middle of a green felt sea. All it takes is a second and the money is gone.

2. Security

Chips provide casinos with an extra layer of security. Casinos control those chips and have a number of tricks they can use to discourage or foil those with criminal intent. A few years back, a man parked his motorcycle in the Bellagio’s valet area, ran inside with a gun and robbed a craps table for $1.5 million worth of chips.

The Bellagio noticed that a good portion of the thief’s ill-gotten gains consisted of $25,000 denomination chips. A few days later, the Bellagio announced to the world that it would soon discontinue all of its current $25,000 chips. Those chips would all become worthless after the deadline set by the casino.

This put the thief in the awkward position of having to cash in a lot of valuable chips in a short amount of time. He was later caught trying to sell his chips via the TwoPlusTwo.com poker forums. The “buyer” reported the attempted sale to police and the bandit was later caught.

Some casinos also add RFID (radio frequency ID) chips to their chips. This allows them to keep track of their high denomination chips and easily detect frauds. If someone comes in with a bunch of clever counterfeits, those chips won’t authenticate and the casino won’t mistakenly cash out a bunch of fake chips.

If a bunch of RFID-enabled chips are stolen, the casino can determine (depending on the circumstances) exactly which chips went missing. The casino can then remove those individual chips from its inventory and render the stolen chips worthless. All the while, no other chips are affected.

3. Convenience

One reason casinos use chips is a simple matter of convenience. In fast moving games, it would be a nightmare to wait for players to fumble around with dollar bills for every single bet. Money gets bent, it doesn’t stack easy, it’s hard to track and it takes up a lot of space.

High stakes games would complicate these matters even further. Just imagine trying to play a game of $4,000/$8,000 fixed limit Holdem with a bunch of hundred dollar bills. It simply wouldn’t work. Chips make things easier for everyone.

4. Data

This last point applies specifically to casinos that use RFID-enabled chips. The vast majority of casinos haven’t gone full RFID on all their chips, but the industry seems to be slowly trending that way. Casinos that use 100% RFID-enable chips can collect vast amounts of data.

RFID chips allow casinos to catch dealer mistakes, to catch players who attempt to sneak in extra chips to the table after betting has closed, to track how chips move around the casino and more. Casinos can use this information to streamline profits, track trends and avoid losing money to crooks.

One day, casinos may even use RFID chips to identify how skilled specific players are. Casinos could then use that information to determine appropriate comps for individual players. Or, they could figure out who the card counters are and encourage them to go play somewhere else.

How Will the Smoking Ban Affect New Orleans Casinos?7 Roulette Variations You’ve Probably Never Heard Of5 Things All Casino Gambling Fans Are Sick of HearingWhy I Love American Roulette

0 Comments

Chips from the fictional 'Casino de Isthmus City'.

50,000 Malagasy franc gaming plaque from Grand Cercle casino, Antananarivo, Madagascar, circa 1995.

Casino tokens (also known as casino or gaming chips, checks, or cheques) are small discs used in lieu of currency in casinos. Colored metal, injection-molded plastic or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines. Casino tokens are also widely used as play money in casual or tournament games.

Some casinos also use rectangular gaming plaques for high-stakes table games ($25,000 and above). Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers.

Use[edit]

Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. The tokens are interchangeable with money at the casino. Generally they have no value outside of the casino, but certain businesses (such as taxis or waiters—especially for tips) in gambling towns may honor them informally.

Tokens are employed for several reasons. Because of the uniform size, shape, and patterns of stacks of chips, they are easier to tally compared to currency. This attribute also enables the pit boss or security to quickly verify the amount being paid, reducing the chance that a dealer might incorrectly pay a customer. The uniform weight of the casino's official tokens allows them to weigh great stacks or heaps of chips rather than tally them (though aids such as chip trays are far more common.) Furthermore, it is observed that consumers gamble more freely with replacement currencies than with cash.^{[citation needed]} A more pragmatic reason for casinos using chips in place of cash at table games is to discourage players from grabbing back their bet and attempting to flee should their bet not win, because chips, unlike cash, must be redeemed at the casino cashier and have no value outside the casino in question. Lastly, the chips are considered to be an integral part of the casino environment, and replacing them with some alternate currency would be unpopular.^[dubious]

Many casinos have eliminated the use of metal tokens (and coins) in their slot machines, in favor of paper receipts or pre-paid cards, which

Casino Money Chips