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"WHY DO CASINOS USE CHIPS?"

Updated: Sep 8, 2022


WHY DO CASINOS USE CHIPS BY 11IC BLOG

Casino chips have been in circulation among gambling establishments for several decades. With paper money, credit cards, gift certificates, and even cryptocurrency being honored by various establishments, casinos still use chips to this day.

To understand why casinos prefer this type of currency within their gambling halls, we'll look at exactly why do casinos use chips.


ENCOURAGE PEOPLE TO WAGER

For most gamblers, chips are just a token to be used on gambling floors. For gambling establishments, their goal is to get as much cash converted to chips as possible. Once that cash has been converted, people are far more likely to stay and gamble until they run out of chips whereas they would stop before they lost all their cash.

CONVENIENCE OF ACCOUNTING

With money circulating the cages and gambling floor, chips make it easier for the accounting staff to keep track of the cash they have within the premises. Casino chips' shape and size make them easy to stack and store. By tracking the circulation of chips within the floor, casino management can accurately calculate the money coming in.

MAKES THE GAMES RUN FASTER AND SMOOTHER

Imagine playing a round of blackjack with all seats occupied and the casino allows everyone to use paper money instead of chips. While there are patrons who already have their bets ready, others might be deciding how much they are going to wager. When the player counting their money is up next, they could still be going through their wallet and take around 10 to 15 minutes before ending their turn.


PREVENTION OF FRAUD

When a table is full of chips, what is stopping anyone from just grabbing all of them and running out of the casino? Those who are mad enough to do this brazen act will need to cash out the chips within the casino. Otherwise, all they have are value-less casino chips since they cannot be traded to cash immediately among any establishments apart from the one that issued them.


KEEP TRACK OF HIGH ROLLERS

Casino chip trackers are not only useful for cracking down on criminals, but it is also handy for finding VIP patrons. VIPs are huge spenders on the gambling floor who are willing to part with a significant portion of their bankroll when given enough encouragement. Tracking down these VIPs allows management to incentive their patronage with comps, enticing the players to wager more of their money.


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