Casino workers usually refer to chips as "cheques," being of French background. Technically, there’s a difference amidst a chip and a cheque. A cheque is a chip with a amount written on its face and is forever valued at the value of the imprinted denomination. Chips, although, don’t have denominations written on them and any color can be valued at any amt. as determined by the casino. e.g., in a poker tournament, the dealer may state that white chips as $1 and blue chips as 10 dollars; at the same time, in a roulette game, the casino might define white chips as $0.25 and blue chips as 2 dollars. An additional example, the cheap red, white, and blue plastic chips you buy at Wal-Mart for your weekend poker get together are referred to as "chips" due to the fact that they don’t have values written on them.
When you plop your $$$$$ down on the table and hear the dealer say, "Cheque change only," she’s just informing the box man that a new patron would like to trade $$$$$$ for chips (cheques), and that the $$$$$$ on the craps table isn’t in play. $$$$$$ plays in a majority of casinos, so if you place a $5 bill on the Pass Line just prior to the player throwing the dice and the dealer doesn’t change your cash for cheques, your cash is "part of the action." When the croupier announces, "Cheque change only," the boxman understands that your money is not in play.
Technically, in live craps rounds, we compete with cheques, not chips. Every once in a while, a player will walk up to the the table, drop a 100 dollar cheque, and inform the croupier, "Cheque change." It’s fun to act like a beginner and ask the croupier, "Hey, I’m new to this game, what’s a cheque?" Frequently, their comical answers will entertain you.
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