Casino chips are small discs that are used as currency within casinos. Casino chips are made of either coloured metal, compression moulded clay or injection moulded plastic. Metal chips are primarily used in slot machines whilst clay or plastic chips are used in table games.
Casino chips can be acquired by exchanging money for them at the casino cage, at the tables, e.g. the roulette table or at the cashier station. The casino chips generally have no value outside of the casino, although in Las Vegas some casinos might honour chips from other casinos, or some businesses – such as waiters or taxi’s, especially for tips, in gambling towns might honour them informally.
Casino chips were employed for several reasons, the main one’s being chips are more convenient to use than currency and also make theft and counterfeiting more difficult. Because of the size, regularity and colouring patterns of stacks of chips they are easier to count in stacks compared to paper currency when being used on a table. The main advantage of this is that it’s easier for the pit boss or security to verify the amount being paid, reducing mistakes by the dealer. Furthermore it is observed that customers gamble more freely with replacement currencies than with cash.