Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. The tokens are interchangeable with money at the casino. They generally have no value outside of the casino, but certain businesses (such as taxis or waiters—especially for tips) in gambling towns may honor them…
colors either used as very high values such as $500, $1,000, $5,000, and so forth, common in tournaments, or as special “fractional” values such as $2 or $0.50, common in low-limit games. In casinos, uniform chip colors and sizes are sometimes specified by the local gaming control board for consistency. For example, regulations in specify similar uniform…
The ancestors of the modern casino token were the counters used to keep score in the card games Ombre and Quadrille. In 1752, French Quadrille sets contained a number of different counters, known as jetons, fiches and mils. Unlike modern poker chips, they were colored differently only to determine player ownership for purposes of settling payments at the end of the game,…
