Casino employees normally refer to chips as "cheques," being of French background. In reality, there’s a distinction amidst a chip and a cheque. A cheque is a chip with a value written on it and is forever valued at the value of the printed number. Chips, however, do not have denominations written on them and any colour can be worth any amount as determined by the dealer. For example, in a poker tournament, the casino might define white chips as 1 dollar and blue chips as $10; whereas, in a roulette game, the dealer might value white chips as $0.25 and blue chips as 2 dollars. Another example, the inexpensive red, white, and blue plastic chips you can get at K-Mart for your weekend poker game are called "chips" seeing as they don’t have denominations written on them.
When you plop your $$$$$ down on the craps table and hear the croupier announce, "Cheque change only," she’s merely telling the boxman that a new gambler wants to change $$$$$ for chips (cheques), and that the $$$$$$ on the craps table isn’t in play. $$$$$ plays in a majority of betting houses, so if you lay a 5 dollar bill on the Pass Line just before the player tosses the dice and the dealer does not trade your money for chips, your cash is "live" and "in play." When the croupier indicates, "Cheque change only," the boxman knows that your $$$$$ isn’t part of the action.
In reality, in in real life craps rounds, we play with cheques, not chips. Every now and then, a player will approach the table, put down a one hundred dollar cheque, and inform the dealer, "Cheque change." It’s amusing to act like a beginner and say to the dealer, "Hey, I am new to Craps, what’s a cheque?" Generally, their crazy responses will amuse you.
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