1. The Greatest Value Placed on a Plaque The greatest value placed on a plaque to date is $10 million, used at the London Club in Las Vegas.[8] This staggering amount highlights the importance of casino chips in the gaming industry.

  2. Televised Poker Tournaments and Cash Games Televised poker tournaments and cash games sometimes use bundled paper bills for high denominations, though the World Series of Poker and the World Poker Tour use round chips exclusively with denominations up to $250,000; tournament chips, however, are not redeemable for cash.

  3. European Casinos European casinos use a similar scheme, though certain venues, such as the Aviation Club de France, use pink for €2 and blue for €10. European casinos also use plaques rather than chips for high denominations, usually in the €1000 and higher range.

  4. Unique Chips for Each Casino Each casino has a unique set of chips, even if the casino is part of a greater company. This distinguishes a casino's chips from others, since each chip and token on the gaming floor has to be backed up with the appropriate amount of cash. In addition, with the exception of Nevada, casinos are not permitted to honor another casino's chips.

  5. Security Features The security features of casino chips are numerous. Artwork is of a very high resolution or of photographic quality. Custom color combinations on the chip edge (edge spots) are usually distinctive to a particular casino. UV markings can be made on the inlay. Certain chips incorporate RFID technology, such as those at the Wynn Casino in Las Vegas. Also, makers' marks are difficult to reproduce.

  6. Counterfeit Chips Counterfeit chips are rare. High levels of surveillance, along with staff familiarity with chip design and coloring, make passing fake chips difficult. Casinos, though, are prepared for this situation. All states require that casinos have a set of chips in reserve with alternate markings,[citation needed] though they may not be required to have exactly the same number of reserve chips as they do on the floor.

  7. Tournament Chips Casino chips used in tournaments are usually much cheaper and of much simpler design. Because the chips have no cash value, usually chips are designed with a single color (usually differing in shade or tone from the version on the casino floor), a smaller breadth, and a basic mark on the interior to distinguish denominations; however, at certain events (such as the World Series of Poker or other televised poker), chips approach quality levels of chips on the floor.

  8. Limited Edition Chips Several casinos, such as the Hard Rock Hotel and Casino in Las Vegas, issue "limited edition" varied-designed chips, commemorating various events, though retaining a common color scheme. This encourages customers to keep them for souvenirs, at a profit to the casino.

  9. RFID Technology In certain casinos, such as the Wynn and Encore Casinos in Las Vegas, chips are embedded with RFID tags to help casinos keep better track of them, determine gamblers' average bet sizes, and to make them harder for counterfeiters to reproduce. However, this technique is costly and considered by many to be unnecessary for profit.[by whom?] Also, this technology provides minimal benefits in games with layouts that do not provide gamblers with their own designated betting areas, such as craps.

References

  1. Lapuz, J.; Griffiths, M. D. (2010). "The role of chips in poker gambling: an empirical pilot study". Gambling Research. 22 (1): 34–39.
  2. "Token". May 13, 2022.
  3. David Parlett. "Quadrille and Médiateur: Courtly ladies' game of 18th-century France". Retrieved 28 January 2009.
  4. "New Jersey Casino Control Commission – Chapter 46. Gaming Equipment". state.nj.us. 2006-07-30. Archived from the original on 2006-07-30. Retrieved 2019-09-17.
  5. "Section 3000.625 Chip Specifications". ilga.gov. 2017-01-23. Archived from the original on 2017-01-23. Retrieved 2019-09-18.
  6. Merriam-Webster, Merriam-Webster's Unabridged Dictionary, Merriam-Webster, archived from the original on 2020-05-25, retrieved 2016-09-13.
  7. Merriam-Webster, Merriam-Webster's Collegiate Dictionary, Merriam-Webster, archived from the original on 2020-10-10, retrieved 2016-09-13.
  8. "The London Club's $10 Million Gaming 'Plaque'". Retrieved 28 January 2009.
  9. "Counterfeit Chips Rare in Casino Industry". Retrieved 28 January 2009.

Total words: 1024