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Casino Chip
Gambling Online
Poker
by Jerry "Jet" Whittaker
Dec 8, 2006
Casino chip gambling
online poker
Casino Poker chips, the
Gambling Poker chips, Casino Tokens, Checks or Cheques
are a special type of depictions of certain fixed amount
of money. A 'chip' has no value as such while ‘cheque'
holds a specific value. The chips cannot be en-cashed
for money while the cheques can be.
There are various types
of chips used in the gambling industry: the plastic
chips and the metal tokens. The plastic chips are mostly
used at the table games while the metal coins are used
in the slot machines. They differ in material, color and
sizes. The casinos sometimes use a rectangular type of
chips also know as Plaques for higher bets (exceeding
$25,000). The chips are often exchanged for money at the
counter or the table. Chips don’t have any value outside
the casino premises.
The main cause of
introducing the chips is to avoid theft. It was also to
regularize or for uniformity of denomination used inside
the casinos. It is better and easier to count the chips
in stacks as they have same color code and size.
The
casino plastic
chips are made up of mostly clay with a paper on top
(called as an inlay) and a plastic coat on it. This is
then compressed to form the regular chip that the
casinos use. The chips that the slot machines use are
mostly made up of metal.
Chip
Denomination:
Sometimes the casinos
have same color code in a certain geographical area to
understand the conventions. Some of the color codes
used:
White represents $1,
Pink represents $2.50. Also there are some other chips
of different denomination: Red for $5, Blue for $10,
Yellow for $20, Green for $25, Black for $100, Purple
for $500, Orange for $1,000, Gray for $5,000, Numbered
plaque for $10,000. Some of
these types of chips are used at certain games and not
all.
History:
The casino chips were introduced as a result of the ban
on circulation of silver coins in mid 1900s. The Casinos
had to find a solution as the slot machines used a
particular type of coins having fixed size only. So
different type of coins were brought up into the gaming
industry so as to compensate for the chips.
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