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Casino personnel usually refer to chips as "cheques," which is of French origin. Technically, there’s a difference between a cheque and a chip. A cheque is a chip with a value imprinted on it and is forever worth the value of the printed on it. Chips, on the other hand, do not have values printed on them and the value is determined by the croupier. For instance, in a poker tournament, the casino might define white chips as $1 and blue chips as ten dollars; while, at a roulette game, the casino might define white chips as 25 cents and blue chips as two dollars. Another example, the cheap red, white, and blue plastic chips you buy at Wal-Mart for your weekend poker game are called "chips" due to the fact that they don’t have denominations imprinted on them.

When you plop your cash down on the table and hear the croupier announce, "Cheque change only," he’s basically telling the boxman that a new bettor wish to change cash for cheques, and that the cash on the table is not in play. Cash plays in many casinos, so if you place a 5 dollar bill on the Pass Line just before the player rolls the pair of dice and the dealer does not exchange your money for chips, your money is "live" and "in play."

Technically, in actual craps games, we bet with with cheques, not chips. Every now and then, an individual will walk up to the the table, drop a 100 dollar cheque, and say to the croupier, "Cheque change." It’s a blast to pretend to be a newbie and ask the dealer, "Hey, I’m a brand-new to this game, what’s a cheque?" Most of the time, their comical responses will amuse you.

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