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Casino employees usually refer to chips as "cheques," which is of French origin. Technically, there’s a difference amidst a chip and a cheque. A cheque is a chip with a denomination printed on it and is forever worth the value of the imprinted denomination. Chips, although, do not have values imprinted on them and any colour can be valued at any cash amount as defined by the casino. e.g., in a poker tournament, the croupier may value white chips as one dollar and blue chips as $10; at the same time, in a game of roulette, the casino might value white chips as 25 cents and blue chips as $2. An additional example, the cheap red, white, and blue poker chips you buy at Wal-Mart for your weekend poker get together are known as "chips" because they don’t have denominations written on them.

When you plop your $$$$ down on the craps table and hear the dealer say, "Cheque change only," he is basically telling the box man that a new patron wants to trade $$$$$$ for chips (cheques), and that the cash on the craps table isn’t in play. $$$$$$ plays in most betting houses, so if you lay a $5 bill on the Pass Line just prior to the tosser rolling the dice and the dealer doesn’t trade your cash for chips, your $$$$$ is "part of the action." When the croupier states, "Cheque change only," the boxman understands that your money isn’t part of the action.

Technically, in live craps rounds, we play with cheques, not chips. Every once in a while, a player will walk up to the the craps table, put down a 100 dollar cheque, and say to the dealer, "Cheque change." It’s fun to pretend to be a beginner and ask the croupier, "Hey, I am new to Craps, what’s a cheque?" Most of the time, their comical responses will amuse you.

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