7 Questions About Casino Chips

This post is all about casino chips. Someone once said, “The guy who invented poker was bright, but the guy who invented the poker chip was a genius.”   Ever wonder about that little round wonder, the casino chip? …..I have. If you think about it, casino chips are the universal symbol of money. Gambling made it possible. 7 Questions About Casino Chips is all about the evolution of casino chips.

7 Questions About Casino Chips

1) Why were chips ever used in casinos?

When gambling became widespread in the 18th century, one difficulty was that people who gambled had different types of coins or valuables for wagering. Some gambling venues offered gamblers substitutes like pieces of ivory, bones, or clay to solve this problem. In the USA, the humble origins of the modern-day familiar casino chips were born out of necessity. The poker game first developed in the mid-1800s along the Mississippi and other saloons and bars throughout the West.

1890s Wild West Poker Game

Related Post – Your Casino Bankroll Requires Planning – Questions and Answers

2) Were fake or forged casino chips found in the early days? 

Yes. Gamblers began to forge substitutes. As a result, gambling establishments began to brand their own chips. The only surviving relic of casino plates is the large plate (check) with a printed value. The problem continued, so casinos responded in the same old way – each casino created specially designed, hard-to-replicate chips unique to their venue. Chips became standardized in size, but the materials used for them, such as clay or expensive ivory, still varied widely.

Questions About Casino Chips

3) What are today’s chips made of?

Manufacturers now use high-pressure techniques combined with a mix of the composite to produce chips. To hinder forgery, the casinos even include a microchip in their chips.

More Questions About Casino Chips

4) Can I use one Casino’s chips in another casino? 

Hardly ever, so it’s always best to cash out before you leave. In Las Vegas, it’s common to see casino chips with the name of two different casinos printed on them – one on either side is the standard. Check with the pit boss or poker chip cashier first to make sure they are usable.

5) What do the different colors mean?

In most casinos, the color of the chip represents the denomination of the chip:

  • white – $1
  • red – $5
  • yellow – $20 (sometimes used at tables for commission wins tables such as Pai Gow Poker)
  • green – $25
  • black – $100

after $100, colors can vary, but here are the most usual

  • purple – $500
  • orange – $1000

6) Do casinos ever take chips out of distribution?

Questions About Casino Chips

Casinos occasionally cancel (take out of circulation) their chips. Reasons this is done are:

  • (1) the casino goes out of business,
  • (2) the casino changes its name
  • (3) the casino changes its chip design.
  • The law requires casinos to give advanced notice when changing their chip design to allow people a chance to cash in chips. Casinos cancel chips in one of three ways:
  1. a drill hole
  2. notching or clipping the edges off
  3. overstamping

7) Why do casinos use chips? – 7 Questions About Casino Chips

The primary reason casinos prefer chips over cash is that chips add a little mental separation between the gambler and their valuable money. The other two reasons are:

  • It is easier for surveillance to tell what is going on with chips. On camera, from a distance, a $20 bill and a $5 bill look very similar, but a red chip and a green chip look nothing alike. In a game like roulette, where many people are betting on a single layout, the different colors allow the dealer, surveillance, and security to know who each bet belongs to.
  • Since chips equal cash for many people, sometimes people will take home the casino chips and never cash them in. Therefore, less money paid out by the casino = more money for the casino.

Casino Chips Collecting

Casino chip collecting became increasingly popular during the 1980s, as evidenced by the sale of chips through several casinos and collecting newsletters. For example, Bill Borland’s Worldwide Casino Exchange (the early 1980s) had a casino story each issue and dozens of old chips for sale. There are many different ways to collect casino chips. Because of the number of chips available and the increasing price of some, collectors have begun to specialize. For example, a collector might choose to collect every chip from a certain casino or one from every Las Vegas casino.

Related Post – The Online Information source for Casino Chip Collectors – ChipGuide.com

As for me, I like to collect casino pens.

Binbin


Binbin and NETimeGambling.com

Miguel, Binbin, and Bert – The NETG Staff

Robin T. Aubin (AKA Binbin at NETimeGambling) has been a guest on Cousin VitVito’ssino Podcast, The Bettor Life Podcast, The Art in the Game Podcast Springfield, Massachusetts. as well as ZorkCast with Michael Trager. In 2013, he created NETimeGambling.com. The mission was to provide a resource for recreational gamblers visiting New England’s expanding casino market events. We offer trip reports, gambling tips, casino promotions, entertainment, and more for those visiting our nine casinos.

NETG also provides general gambling tips for those recreational gamblers inside and outside the northeast.

As a professional musician for over 50 years, Robin has performed at Mohegan Sun’s Wolf Den, Foxwoods’ Atrium Lounge, and Twin River’s Lighthouse Bar & Lounge.

Follow us on Twitter at @NETimeGambling, and on Facebook at NETimegambling. And subscribe to our new podcast, The New England Casino and Gambling Podcast which is also available on YouTube.

Join the New England Casinos Facebook Group and chat about experiences at our New England Casinos.