Casino Chips Meaning
Casinos usually have custom-designed chips with the monetary value and the name of the casino printed or engraved on the face. The chips may be multi-colored and stylized with patterns. The color-coding may follow the values noted above, or individual gambling areas or casinos may have their own unique color-coding systems. To exchange one's chips (small discs used to represent money in some betting games, like poker) for money when one is done playing a game. I think I'm going to quit while I'm ahead and cash in my chips. By extension, to stop participating in any gathering or activity.
The casino cashier’s cage is the operational nerve centre of casino operations. As a hub of activity, it performs many vital functions on a shift-by-shift, day-by-day basis. First, the cage, together with the vault, is responsible for the custodianship of and accountability for the casino’s bankroll. This involves the daily care, control, and accounting for thousands, hundreds of thousands, and even millions of dollars. After all, this is the casino industry we are talking about, with many high rollers playing for big money.
What is a Casino Cage?
To break things down, all transactions involving currency, coin, casino checks (chips), customer casino markers (IOUs), safekeeping funds, and customer front flow money to and from the cage and its related vault in a continuous cycle. Firstly, accurate recording procedures and adherence to sound internal controls are required to ensure bankroll safety and accountability at online casinos. Secondly, the cage provides a vital communication link to the casino pit or pit areas.
Services include providing check fills and credits to table games, as requested; supplying information regarding customer credit status; providing financing tabulations of table game activities documented by the master game report form; and keeping casino supervisors advised of the relevant information required for a smooth operation.
Thirdly, the cage deals with countless customer transactions. Front-line window cashiers handle casino chip exchanges for currency; cash personal, payroll, and traveller’s checks; handle customer safekeeping and 'front money' transactions; receive customer marker payment; deal with casino promotional coupons, and provide information to customers.
The Cashier’s Job
The main job of a casino cashier is to exchange casino chips for cash whenever the players bring their chips from tables like blackjack and craps. It is the cashier’s job to greet the player, take the chips, break them down by denomination and pay the player the right amount. If the total being paid out is quite high, a casino supervisor may be called to verify the payout before the cashier transfers the money to the player.
While errors rarely happen during this process, it is possible, therefore, cashiers but be diligent and efficient when they handle casino chips as you wouldn’t want either the casino or the player losing out. Cashiers would need basic math skills as well as the ability to distinguish the different chips used by the casino. If the casino makes use of slot machines that require players to insert coins, the cage and cashier will also have to accept and exchange these coin buckets.
Casino Chips Meaning Symbol
The coins are taken to a coin sorter with the player in attendance, where the coins are counted. The total amount will be shown on the machine reader, and the cashier must pay this amount to the player. This not only saves time as the cashier does not have to manually count the coins but also prevents errors from taking place.
Cage cashiers must also handle a certain amount of paperwork when dealing with daily transactions, including balancing books and invoices. Cashiers may also need to run internal checks on gamblers who require credit or to process credit applications for new customers. They may also need to assist with cashing in tips for fellow employees.
It is important that the cashier have good people skills as you will be working with gamblers all day long. Cashiers must be able to satisfy the needs of all players, and be able to handle any negative or hostile situation that may arise. People may get antsy when money is involved, so it is important for cashiers to be able to control the situation and sort out any issues immediately and in the most professional manner. Many gamblers enjoy drinking while playing, therefore cashiers may also have to deal with intoxicated customers. Cashiers must be aware of all the relevant rules and regulations associated with the casino and gaming industry and be able to explain them when the situation arises.
The Blood Line of the Casino
Fourthly, the cage interfaces with virtually every casino department--- for example, transmittal of key forms to the accounting department; involvement with the hard and soft count audit teams; receiving and issuing cashiers banks to casino revenue departments (bar banks, showroom banks, Race and Sports Book banks, hotel front-desk banks, etc.); and working with the security department during the table game fill and credit process.
In some casinos, the cage supports the slot department by providing slot fills, supplying change persons with requested coins, and providing large jackpot payoffs. The cage is also charged with the responsibility of preparing and maintaining countless forms required for sound internal control procedures and safeguarding the casino's assets. Additionally, compliance with requirements and procedures of the Bank Secrecy Act is a critical responsibility of casino cage personnel. However, many casinos locate the cage toward the rear of the casino property and away from customer exits.
Keeping it Safe: Window Cage Security
One reason for this is to minimise the chances of a successful cage robbery. A second reason for locating the cage in the rear is the psychological factor. A customer cashing out at the window must walk the length of the casino toward the exit. The temptation of 'one last slot pull' or 'one final play at the table' can decrease the amount of money the customer takes out the front door. A third consideration is the location of the pit or live gaming areas. There are a number of structural possibilities for the cage facade. Metal bars, others by Plexiglas or shatterproof windows, protect some cages.Still, others are 'open' cages with no protective barriers. It all depends on the environment and management's perceived need for physical security. A small cage operation will typically offer two customer service windows and an additional window to service casino, slot, or employee requests. The larger the operation, the more service windows required, but keep in mind that customers do not to stand in long lines to cash their chips. It is better to have too many operational windows and window cage security than too few.
Casino cage operations and cashiers may not be necessary for the future as more and more casinos are now using coinless slot machines, which has made things a lot easier. With no coins to count, things are less likely to go wrong, fewer employees will be needed and there will less room for error. Some slot machines print out a bar-coded voucher instead of coins or cash that can then be cashed out ATM-type machines or at the cashier cage.
The bar-code will indicate a legitimate voucher and is read using a reader, which will reveal the amount the player must be paid. The casino cage is one of the most important and highly functional aspects of a casino and needs to be treated as such. It is important to be respectful and civilised to your cashier at all times. Whenever you visit a casino, make sure to adhere to the rules of the establishment so that everyone can have an enjoyable experience.
If your only gaming experience is at the casinos of Atlantic City, you've probably never given the chips you used much thought.
Casino Chips Meaning Urban Dictionary
In the city by the sea, every casino has a white $1 chip. Likewise, every club uses pink $2.50 chips, red $5 chips, green $25 chips, and so on. That's how things are done in Jersey, but not so in other places.
In Nevada, where legalized gaming got its start, you might see mostly red $5 chips and green quarters, but there is no specific law requiring a certain color be used. Thirty years ago you could find $1 chips that were white, yellow, gray, blue, brown and even black. A few years before that, the casinos used Eisenhower dollars, and before that, the casinos used real silver dollars. Imagine that!
As for larger denominations, every club can choose their own color. Harrah's used white chips until the late 1980's. Today, their $1 chips are white, and that's more the norm now, partly because casinos are more corporate (with several corporations owning many casinos), and partly for safety.
Some casinos color-code their table game signs to match the denomination of chip for the minimum bet for that table. That way, all you have to do is look at the color of the sign. The colors of the chips used in the majority of casinos are the same. The denominations of the colors are:
- White or Blue chips are one dollar.
- Red chips are five dollars and are called nickels.
- Green chips are twenty-five dollars and are called quarters.
- Black chips are one hundred dollars.
- Purple Chips are five hundred dollars and are called Barneys.
- Orange chips are one thousand dollars and are called pumpkins.
Why Problems Arose
In the late '90's, a casino in Las Vegas issued one dollar chips that were black in color. This created quite a stir amongst the other casinos who have $100 chips that are black. There were concerns that scam artists would mix some of these in with the legitimate chips. The outcry was substantial and the casino rethought their chip-color choice.
The reason casinos use different color chips is to make it easy for the dealers, Pit Bosses, and surveillance workers to determine how much a player is betting. It also makes it fun for people who collect casino chips!
Casino Chips Meaning Definition
By matching the color of the chips with the table signs it makes it easy to tell the minimum bet for a table with just a quick glance. A red sign would denote a five-dollar table and a green sign would tell you that the minimum bet is twenty-five dollars. This makes it convenient for the players. There are some tables that have minimums that don't correspond to chip colors such as $10 and $15 games. All you have to do is note which color sign the casino you are visiting uses. Then remember it for the next time. The casinos in Connecticut use yellow for ten-dollar tables and orange for fifteen-dollar tables.
Some casinos may have the same color sign for all table minimums. If this is the case you will need to read them before sitting down. But for most of them, all you will need to do is look for the color of your choice, have a seat and place your bet.
Roulette Chips
As for the roulette table, you can use the same chips used on other tables, but if you are going to be playing mostly the inside numbers, the dealer will offer you a color. That means you'll get your own chips, with their own denomination. The standard value is $1, but you can have whatever value you want, you just can't cash them in anywhere but at that table - as soon as you are done playing!
The reason each player gets their own color is to distinguish who gets what on each winning number selected by the players. If you play roulette, you know that's necessary!