by Jerry "Jet" Whittaker

Dec 9, 2006

Casinos have evolved a tradition of employing casino chips in place of money. Casinos long back discovered that using money to place bets was not only a risky proposition but also extremely bothersome. Cash can build up into unwieldy piles and hinders quick movement that is the first requirement of any table game. Thus the innovation of the casino chip. Casino chips come in various colors and each color signifies a particular monetary denomination. This makes casino chips a highly desirable commodity. They instantly confer flexibility on not just the casino representative but also the players.

Represent hard cash

It is a fallacy that casino chips represent free gambling. In fact, casino chips are bought for hard cash by players before the start of any game. Casino chips simplify the entire proceedings because the casino can conveniently tally them. Thus any casino representative can instantly calculate the amount each player bets simply by the color of the chip. These casino chips are crucial for the gambler can keep track of his losing or his winning streak by the whittling down or building up of the casino chips. Casino chips have therefore become a central tenet of any gambling scenario.

Restricted value

The interesting truth about casino chips is that they have validity only within the confines of a casino. The casino chips have no face value and cannot be converted into instant cash outside the premises of the casino. This is one of the cardinal rules of the casino chip. Thus the casino chip is a valuable commodity only because of its usage in the casino. Pertinently, some casinos may allow the casino chips from disparate casinos to be used within its precincts with the sole intention of drawing gambling clients, but the usual rule is that a particular casino’s chips can be utilized only within its premises.

Speed up the game

Hence, the primary rule of casino chips is that they should initially be purchased from the casino bank in exchange for money. Remember that casino chips represent money in the casino lexicon. It has been observed that casino chips psychologically free up the gambler in making more daring bets. Real money, in contrast, has a dampening effect. Casino chips assist both the casinos and the clientele in keeping close tabs on the movement of funds. In recent times, a trend has been noticed among casinos to replace chips with paper receipts, but casino chips are an entrenched custom and hard to substitute.

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