What is a ‘Value Chip’?
A ‘value chip’ is a casino chip with a fixed value. These chips are commonly used in roulette, craps, poker and blackjack. Value chips might represent the minimum bet price for that particular table, or players might use different kinds of chips to represent higher value wagers. The term ‘value chip’ is used when differentiating between chips that have a specific value and ‘non-value chips’, which do not.
‘Value Chip’ Explained
If a player talks about using ‘value chips’, the are referring to chips that have a specific cash value. Value chips include any typical poker or craps chip which represents a set value, and the variously colored ‘wheel checks’ or ‘wheel chips’ given to roulette players, which represent a minimum value bet. Any chip described as a ‘value chip’ has a fixed value which might be represented by a particular color, or indicated by the number written on the chip.
If a player approaches a roulette table with a $1 minimum, they can request a stack of $1 chips for their payment. These will be a particular color, to help the dealer differentiate one player’s bets from another’s, and the value of the chips can change depending on the table limits at the time of play. The player can also ask for higher value chips, such as $10 or $100. These will have a different color and style to the standard value chips, and will often feature the casino’s logo along with a number indicating the value. In other casino games, the colored minimum chips are not used and instead all chips are assigned a fixed value.
The term ‘value chip’ is usually used when differentiating between chips that have a set value and chips that do not. Non-value chips are used in roulette as well, but they offer a more flexible kind of play. Players assign a value to the chip, which is designed and colored differently from the value chips, and they can alter this value between bets. Payouts won with a non-value chip are paid out in value chips, to prevent confusion or cheating.