Casino workers normally allude 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 value written on it and is constantly valued at the amount of the written denomination. Chips, although, do not have denominations printed on them and any color can be worth any cash amount as determined by the table. For example, in a poker tournament, the house might value white chips as one dollar and blue chips as 10 dollars; while, in a roulette game, the dealer might define white chips as twenty-five cents and blue chips as $2. A different instance, the inexpensive red, white, and blue poker chips you purchase at Target for your Friday-night poker get together are called "chips" seeing as they do not have denominations written on them.
When you plop your $$$$ down on the table and hear the dealer say, "Cheque change only," he is just advising the box man that a new player wants to trade money for chips (cheques), and that the $$$$$$ on the table is not in play. Cash plays in a majority of betting houses, so if you place a $5 bill on the Pass Line just prior to the player rolling the bones and the croupier does not trade your $$$$$$ for chips, your cash is "part of the action." When the dealer indicates, "Cheque change only," the boxman knows that your money isn’t part of the action.
Technically, in in real life craps games, we play with cheques, and not chips. Ever so often, a player will walk up to the the craps table, put down a $100 cheque, and inform the croupier, "Cheque change." It’s entertaining to pretend to be a beginner and ask the croupier, "Hey, I am new to Craps, what is a cheque?" Generally, their comical responses will amuse you.
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