Last updated: February 26, 2020 at 10:21 am. Posted by Las Vegas Blog Staff in Caesars Palace, Gaming, Las Vegas Casinos, Paris Las Vegas, Planet Hollywood Resort. Comments Off on $100,000: The Highest Value Casino Chip.

Grosvenor Casino, Great Yarmouth: Address, Phone Number, Grosvenor Casino Reviews: 4/5. Great fun, will go again, buffet spread included, great value for money. Can't fault the service we received here. 4 of us went as novices, were really looked after and shown the ropes, we had chance to Practice games with tuition before playing for real. In poker, the value of a chip depends on the game or event. Values in cash games are a direct representation of cash. Players in a $1/$2 No Limit Hold’em game who buy in for $300 will receive that amount in chip value. Colours vary by casino but tend to follow similar patterns at least for lower values. There is no certain casino standard.

The things we do to bring you the finest in useless Las Vegas insidery (not a real word).

This time, we made some calls, squeezed our insider casino contacts, washed a few backs and got an exclusive photo of the largest casino gaming chip we could find: A $100,000 chip at Paris Las Vegas.

Grosvenor Casino Poker

Behold the largest denomination gaming chip you’re ever likely to see.

This chip rarely sees the light of day, and usually only comes out for players with a million dollar credit limit or more. It was our distinct pleasure to fondle it for a full three seconds before we were tackled by a Paris Las Vegas security guard. (We probably shouldn’t have shared that we did slight-of-hand magic in a former life.)

As we got a closer look at this majestic $100,000 chip, we noticed a little speck on it, and were ready to Photoshop it away, but then realized it wasn’t a speck after all. It’s a computer chip, adhered to the baccarat chip for top secret security reasons. See it? Here’s a close-up.

Bonus factoid: From what we hear, next door to Paris at Planet Hollywood, all the chips have these security devices, called radio-frequency identification tags (or “RFID tags”). RFID tags, used for years to track livestock, are useful in detecting fake chips.

The $100,000 chip is usually reserved for baccarat or mini-baccarat in a high limit salon.

We love asking dopey questions of casino executives! During our quest for for the biggest chip, we also asked what the maximum bet would be at blackjack at, say, Caesars Palace. The answer: A guest could bet $25,000 a hand, three hands at a time. So, that’s a maximum of $75,000 a pop. (A guest can also bet $50,000 on one hand. That’s said to be the highest, one blackjack hand bet accepted in Las Vegas.) The mind reels.

For what it’s worth, the maximum bet at Planet Hollywood’s baccarat tables is a whopping $200,000.

Chips from the fictional 'Casino de Isthmus City'.

50,000 Malagasy franc gaming plaque from Grand Cercle casino, Antananarivo, Madagascar, circa 1995.

Casino tokens (also known as casino or gaming chips, checks, or cheques) are small discs used in lieu of currency in casinos. Colored metal, injection-molded plastic or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines. Casino tokens are also widely used as play money in casual or tournament games.

Some casinos also use rectangular gaming plaques for high-stakes table games ($25,000 and above). Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers.

Use[edit]

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. Generally they have no value outside of the casino, but certain businesses (such as taxis or waiters—especially for tips) in gambling towns may honor them informally.

Tokens are employed for several reasons. Because of the uniform size, shape, and patterns of stacks of chips, they are easier to tally compared to currency. This attribute also enables the pit boss or security to quickly verify the amount being paid, reducing the chance that a dealer might incorrectly pay a customer. The uniform weight of the casino's official tokens allows them to weigh great stacks or heaps of chips rather than tally them (though aids such as chip trays are far more common.) Furthermore, it is observed that consumers gamble more freely with replacement currencies than with cash.^{[citation needed]} A more pragmatic reason for casinos using chips in place of cash at table games is to discourage players from grabbing back their bet and attempting to flee should their bet not win, because chips, unlike cash, must be redeemed at the casino cashier and have no value outside the casino in question. Lastly, the chips are considered to be an integral part of the casino environment, and replacing them with some alternate currency would be unpopular.^[dubious]

Many casinos have eliminated the use of metal tokens (and coins) in their slot machines, in favor of paper receipts or pre-paid cards, which, while requiring heavy infrastructure costs to install, eliminate the coin handling expenses, jamming problems encountered in machines which took coins or tokens and can allow more game-specific technology in the space of a machine which would usually be dedicated to coin mechanisms. While some casinos (such as the Hard Rock Hotel in Las Vegas) which installed the receipt system had kept the $1 tokens around for use as $1 chips, most other casinos using the receipts had simply scrapped the tokens entirely. Most casinos using receipts have automated machines at which customers may redeem receipts, eliminating the need for coin counting windows and decreasing labor costs.

Casino chip collecting is a part of numismatics, more specifically as specialized exonumia collecting. This hobby has become increasingly popular with the Casino Chips & Gaming Tokens Collectors Club formed in 1988. Some collectors may value certain casino tokens up to $100,000, which are typically traded on online auction websites like eBay. Several casinos sell custom-made sets of chips and one or two decks of cards stamped with the name of the casino on them. Each set is contained in a small briefcase or box.

History[edit]

The ancestors of modern casino tokens 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, with different denominations differentiated by different shapes that each counter type had.^[1]

Grosvenor Casino Chip Values Calculator

In the early history of Poker during the 19th century, players seemed to use any small valuable object imaginable. Early poker players sometimes used jagged gold pieces, gold nuggets, gold dust, or coins as well as 'chips' primarily made of ivory, bone, wood, paper, and a composition made from clay and shellac. Several companies between the 1880s and the late 1930s made clay composition poker chips. There were over 1000 designs from which to choose. Most chips were white, red, blue, and yellow, but they could be made in almost any color desired.

Construction[edit]

Authentic clay chip manufactured for home use.

$1 chip from Treasure Island, Las Vegas, NV.

The vast majority of authentic casino chips are 'clay' chips but can be more accurately described as compression molded chips. Contrary to popular belief, no gaming chip going as far back as the 1950s has been 100% clay. Modern clay chips are a composition of materials more durable than clay alone. At least some percentage of the chips is of an earthen material such as sand, chalk, and clay similar to that found in cat litter. The process used to make these chips is a trade secret

Grosvenor Casino Poker

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Use[edit]

History[edit]

Grosvenor Casino Chip Values Calculator

Construction[edit]