Inside the land-based casinos, it is definitely a whole new world! Right from different structures to used currency, life is totally different.
On this page, let’s have a closer look at casinos’ play money: casino chips. Whether you have seen them personally or on screen, you would already know how important they are. They are the be-all and end-all of every assiduous, avid gambler.
The best part of playing at Bitcasinoio or any other online casinos is the unseen wealth. Besides the casino operator, you are the only one that can see and has access to your bankroll. Nonetheless, that convenient service won’t replace the sensation of walking the casino halls with bags full of casino chips. The more you have and distinguish the colours are, the high-roller you become.
Also known as gaming chips or checks, these small, coloured discs are the currency used by casinos all over the world. Only that, they are mainly for table games. Slot machines’ tokens, on the other hand, are metal coins.
Before you spin the reels or sit down at a blackjack table, all players are required to exchange the cash for chips or coins. Then have them converted again when leaving the premises. You might be thinking how nuisance the set up is, but owners have reasons for that.
First, as ever, safety is the number one prime concern. The use of cash or valuable items (e.g. jewellery, bars of gold and silver) as wagers would only mean danger for casino owners and gamblers alike. The former could easily be looted right in the midst of gambling sessions, whereas the latter could quickly be fooled by other players. To avoid these cases, this leads us to another pragmatic reason.
Second, on the list is security. Believe it or not, these little tokens add an extra layer of protection. Since casinos have control over them, they will merely have value when being said so. In the event of criminal intent, owners have a number of tricks to foil it from happening.
The perfect example is the 2010 Bellagio robbery. A gunman stole US$1.5 million worth of chips from a craps table. While chips don’t normally have value outside the building, the casino is part of the MGM Resorts. He could encash the stolen tokens in other MGM-owned casinos. Time was, Bellagio had the upper hand. It announced right away that US$25,000 chips were discontinued. Later on, the bandit was caught.
Back then, chips only had distinct paint, base material (wood), and design. Like fiat money, these elements legitimise that they are authentic. Now with advanced tech, they are made of plastic and have RFID (radio frequency ID) labels. These modern features help owners easily and quickly track how they circulate within a casino.
Virtual casino chips are often used in live dealer games. If you think land-based casinos have stricter policies, double it when playing on online casinos — Bitcasinoio or crypto casinos in particular. Their tech-inclined nature has more control than the former’s CCTVS.