Cash, Credit, and Comps
Red chips, green chips, and black chips
A relationship with a casino starts the moment you make a bet. Slots take coins, but they also take bills and give you credits. Table games require chips. See how trustworthy the casino is? You give them money and they'll hold it while you play with something that reflects their debt.
Chips come in denominations that range from one dollar to thousands of dollars, and they're formally referred to as checks (or cheques) because that's the way they function. They're a promise of payment.
The colors are somewhat standard in the industry, but there is no rule (except in Atlantic City ) that requires chips to be a particular color. The following table lists the colors and their usual denominations.
| $1 |
White/Light Blue |
| $5 |
Red |
| $25 |
Green |
| $100 |
Black |
| $500 |
Purple |
| $1,000 |
Orange |
| $5,000 |
Gray |
Some casinos have chips of other denominations, including $20 and $0.50.
Remember that chips represent money, but they're only pieces of plastic. The real money, your money, is in the cashier's cage. Don't keep chips at the end of a session. Cash out. It's an important psychological break and it has practical value, too. You can't take chips across the street and spend them in another casino.
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