What is ‘Cheque Change’?
In the casino, a 'cheque' is a slang term for the chips which are given out in exchange for money. These chips are wagered at the tables and cashed in at the end of the play session. 'Cheque change' is the action of taking a player's chips and 'colouring them up', or exchanging them for a higher value. It occurs when a player has many chips or wants to make some larger bets. Players might also downgrade their chips to make multiple smaller wagers
‘Cheque Change’ Explained
You might hear the term 'cheque change' at the casino bank, in its literal sense: some players will cash cheques in order to obtain playing funds, as long as their financial status allows for the credit to be received. However, it refers more often the process of exchanging the standard coloured chips used to represent minimum table bet values, in return for specific chips which represent different high values. The process of cheque changing also occurs in reverse, if a player wishes to break a high-value chip
for smaller ones.For example, if a player uses their £1 chips and makes a 10/1 bet which comes in, they now have 10 individual chips. If they bet that stack and win again at 10/1, they get 100 of these chips. That can be hard to handle - so the player might choose to 'change their cheques' and receive a £50 chip, three £10 chips and the returned £10 single chip stack. If they play the smaller chips and lose, they might choose to 'cheque change' again and break a £10 chip into smaller ones for the next bet.Dealers
are responsible for managing which bets belong to which player, and accurately paying out
any winning bets. Cheque changing gives players chips that are the same as those held by others, so dealers have to watch these high-value chips more closely than the individual colours.