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CHIP VALUE. Chip Value. In most casinos, chips are color coded to signify their denomination although usually the value is imprinted on the.


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Casino tokens are small discs used in lieu of currency in casinos. Colored metal There is no universally standardized color scheme for poker chip values, and schemes not only $ chips (colloquially referred to as "snappers" by chip collectors) are mostly used for blackjack tables, since a "natural" (a 21 on the first two.


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Furthermore, it is observed that consumers gamble more freely with replacement currencies than with cash. The ability to print lettering and graphics on the entire surface of the chip, instead of just the inlay, made them popular. Because eight is considered a lucky number in Chinese culture, chips denominated 8, 88, and e. Casino chip collecting is a part of numismatics , more specifically as specialized exonumia collecting. Please help improve this article by adding citations to reliable sources. Also, this technology provides minimal benefits in games with layouts that do not provide gamblers with their own designated betting areas, such as craps. Because the chips have no cash value, usually chips are designed with a single color usually differing in shade or tone from the version on the casino floor , a smaller breadth, and a basic mark on the interior to distinguish denominations; however, at certain events such as the World Series of Poker or other televised poker , chips approach quality levels of chips on the floor. There is no universally standardized color scheme for poker chip values, and schemes not only vary nationally and regionally, but even from venue to venue, or by event type within a single venue. 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. October Numismatics portal Games portal. The ancestors of modern casino tokens were the counters used to keep score in the card games Ombre and Quadrille. Several casinos, such as the Hard Rock Hotel and Casino in Las Vegas, issue "limited edition" varied-designed chips, commemorating various events, though retaining a common color scheme. From Wikipedia, the free encyclopedia. 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 β€” discuss ]. Each discarded token adds money to the jackpot. Common additional colors are pink, purple, yellow, orange, and grey. This encourages customers to keep them for souvenirs, at a profit to the casino. Each casino has a unique set of chips, even if the casino is part of a greater company. In 19th-century America, there was enough of a tradition of using blue chips for higher values that "blue chip" in noun and adjective senses signaling high-value chips and high-value property are attested since and , respectively. Most casinos using receipts have automated machines at which customers may redeem receipts, eliminating the need for coin counting windows and decreasing labor costs. Because of the uniform size, shape, and patterns of stacks of chips, they are easier to tally compared to currency. Casino chips used in tournaments are usually much cheaper and of much simpler design. Archived from the original on October 10, Vegas Tripping. The World Series of Poker at one time actually used its casino tokens for the poker tournaments, but in more recent years has had special Paulson WSOP clay sets made for the tournaments. In , French Quadrille sets contained a number of different counters, known as jetons , fiches and mils. Casinos often use gaming plaques for these denominations: These plaques are about the size of a playing card, and must be marked with serial numbers. March Learn how and when to remove this template message. Several casinos sell custom-made sets of chips and one or two decks of cards stamped with the name of the casino on them. In certain casinos, such as the Wynn and Encore Casinos in Las Vegas, chips are embedded with RFID tags to help casinos keep better track of them, determine gamblers' average bet sizes, and to make them harder for counterfeiters to reproduce. For example, regulations in New Jersey [2] and Illinois [3] specify similar uniform colors. The process used to make these chips is a trade secret , and varies slightly by manufacturer, most being relatively expensive and time-consuming per chip. At least some percentage of the chips is of an earthen material such as sand, chalk, and clay similar to that found in cat litter. Each set is contained in a small briefcase or box. Category Commons Outline.{/INSERTKEYS}{/PARAGRAPH} Unsourced material may be challenged and removed. There are less expensive chips for the home market, made from various forms of plastic and plastic covered metal slugs as well. Counterfeit chips are rare. Several companies between the s and the late s made clay composition poker chips. Modern clay chips are a composition of materials more durable than clay alone. Casinos, though, are prepared for this situation. The tokens are interchangeable with money at the casino. Early poker players sometimes used jagged gold pieces, gold nuggets, gold dust, or coins as well as "chips" primarily made of ivory, bone, wood, paper, and a composition made from clay and shellac. Another variation is the Power Chip from Catch 21 , which discards the card currently drawn in the bonus round for a new one in exchange. This distinguishes a casino's chips from others, since each chip and token on the gaming floor has to be backed up with the appropriate amount of cash. UV markings can be made on the inlay. Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers. Ceramic chips were introduced in the mid s as alternative to clay chips, and are also used in casinos, as well as being readily available to the home market. The number of chips is determined by the number of rounds a contestant has won during the game with an additional chip for becoming the day's champion. Retrieved 28 January Gaming Equipment". Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. {PARAGRAPH}{INSERTKEYS}Casino tokens also known as casino or gaming chips , checks , or cheques are small discs used in lieu of currency in casinos. Artwork is of a very high resolution or of photographic quality. 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, while requiring heavy infrastructure costs to install, eliminate the coin handling expenses, jamming problems encountered in machines which took coins or tokens and can allow more game-specific technology in the space of a machine which would usually be dedicated to coin mechanisms. A simple handheld reader will beep if the gaming chip is authentic. Generally they have no value outside of the casino, but certain businesses such as taxis or waitersβ€”especially for tips in gambling towns may honor them informally. The first game show to use them, Duel , had a variation in which the contestants answer questions using oversized casino tokens. The security features of casino chips are numerous. All states require that casinos have a set of chips in reserve with alternate markings, [ citation needed ] though they may not be required to have exactly the same number of reserve chips as they do on the floor. The vast majority of authentic casino chips are " clay " chips but can be more accurately described as compression molded chips. High levels of surveillance, along with staff familiarity with chip design and coloring, make passing fake chips difficult. Index of poker articles. They will sometimes contain an image of the animal associated with the year and are issued in a variety of colors. The printed graphics on clay chips is called an inlay. This section does not cite any sources. There were over designs from which to choose. Tokens are employed for several reasons. Also being used by one manufacturer, Palm Gaming, is an audible taggant incorporated into the ceramic chip blank. Unlike modern poker chips, they were colored differently only to determine player ownership for purposes of settling payments at the end of the game, with different denominations differentiated by different shapes that each counter type had. In addition, with the exception of Nevada, casinos are not permitted to honor another casino's chips. Archived from the original on Retrieved Business Wire. This section contains a list of miscellaneous information. Palm Gaming is even manufacturing custom made molds for their ceramic gaming chips, adding yet another high level of security to its gaming chip. 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. Inlays are typically made of paper and are then clad with a plastic film applied to the chip prior to the compression molding process. Most chips were white, red, blue, and yellow, but they could be made in almost any color desired. Newer designs in home chips include three-color designs where a three-step molding process creates a chip with unique base, secondary, and detail colors. Chip colors found in home sets typically include red, white, blue, and sometimes green and black; however, more recently a wide assortment of colors have become readily available, particularly in lower-cost ABS plastic chips. Please help improve this section by adding citations to reliable sources. Such chips are often yellow or orange. In the early history of Poker during the 19th century, players seemed to use any small valuable object imaginable. Also, makers' marks are difficult to reproduce. 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. Please relocate any relevant information into other sections or articles. Fundamental theorem of poker Morton's theorem Pot odds Slow play. During the molding process the inlay becomes permanently fastened to the chip and can not be removed from the chip without destroying the inlay. The edge spots, or inserts, are not painted on; to achieve this effect, this area of the clay is removed and then replaced with clay of a different color; this can be done to each chip individually or a strip can be taken out of a cylindrical block of material and replaced with the alternate color before the block is cut into chips. Casino tokens are also widely used as play money in casual or tournament games. Ceramic chips are sometimes also referred to as clay or clay composite, but they are in fact an injection-molded chip made with a special plastic or resin formula that approximates the feel and sound of ceramic or porcelain. Custom color combinations on the chip edge edge spots are usually distinctive to a particular casino. Computer poker player Online poker Poker tools. In casinos, uniform chip colors and sizes are sometimes specified by the local gaming control board for consistency. However, this technique is costly and considered by many to be unnecessary to profit. All US states where gambling is legal require that casino chips have a unique combination of edge spots for identification, the name and location of the casino and the chip's value, if any, impressed, printed, or molded onto the obverse and reverse of the token. This article needs additional citations for verification.