Casino staff usually allude to chips as "cheques," being of French ancestry. In reality, there is a distinction between a chip and a cheque. A cheque is a chip with a value printed on its face and is forever valued at the amount of the imprinted amount. Chips, although, do not have denominations written on them and any color can be worth any amount as determined by the dealer. For example, in a poker tournament, the dealer may define white chips as $1 and blue chips as ten dollars; while, in a game of roulette, the house might value white chips as 25 cents and blue chips as $2. An additional example, the cheap red, white, and blue poker chips you purchase at Wal-Mart for your weekly poker get together are called "chips" seeing as they do not have values imprinted on them.
When you plop your $$$$$ down on the table and hear the croupier announce, "Cheque change only," he is simply advising the box man that a new patron wants to change money for chips (cheques), and that the $$$$$ on the craps table is not part of the action. $$$$$$ plays in most betting houses, so if you lay a five dollar bill on the Pass Line just prior to the tosser throwing the dice and the croupier does not trade your $$$$$ for cheques, your money is "in play." When the croupier states, "Cheque change only," the boxman knows that your $$$$$$ is not part of the action.
In reality, in live craps rounds, we wager with cheques, not chips. Ever so often, a gambler will approach the table, put down a one hundred dollar cheque, and tell the croupier, "Cheque change." It’s fun to act like a newbie and ask the dealer, "Hey, I am new to Craps, what’s a cheque?" Generally, their crazy answers will entertain you.
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