Figure out How to Compete in Craps – Tricks and Tactics: Chips or Cheques?
Casino employees usually reference chips as "cheques," which is of French background. In reality, there is a difference between a chip and a cheque. A cheque is a chip with a value written on it and is always valued at the value of the written number. Chips, however, do not have denominations written on them and any colour can be valued at any dollar value as determined by the table. For example, in a poker tournament, the house might define white chips as 1 dollar and blue chips as 10 dollars; at the same time, in a game of roulette, the dealer might define white chips as $0.25 and blue chips as 2 dollars. An additional instance, the inexpensive red, white, and blue poker chips you can get at Wal-Mart for your weekly poker game are called "chips" because they don’t have values printed on them.
When you put your cash down on the table and hear the croupier announce, "Cheque change only," she’s merely telling the boxman that a new gambler wants to exchange cash for chips (cheques), and that the cash on the table is not in play. $$$$$$ plays in most betting houses, so if you put a 5 dollar bill on the Pass Line just prior to the hurler tossing the dice and the croupier doesn’t trade your $$$$$ for cheques, your $$$$$$ is "part of the action." When the croupier states, "Cheque change only," the boxman knows that your cash isn’t part of the action.
Technically, in live craps games, we wager with cheques, not chips. Every now and then, a gambler will walk up to the the craps table, drop a one hundred dollar cheque, and say to the croupier, "Cheque change." It is entertaining to pretend to be a novice and ask the dealer, "Hey, I’m new to Craps, what’s a cheque?" Generally, their crazy answers will entertain you.
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