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Casino chips worth money Casino Gambling Glossary A to F

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Casino chips worth money

What's the point of stealing casino chips? Do they have any value outside casino chips worth money casino? The only way to turn casino chips into cash casino chips worth money to exchange them at a casino, usually the one where you got casino chips worth money. Every casino has its own unique chips.

But even then, when dealing with large sums of money, the casinos usually check with each other to confirm that the chips are legit.

Time was, different Vegas casino companies would cash each other's chips—some third-party companies even cashed chips from all of the casinos—but that stopped because of counterfeiting. Gamblers who win enough money to cash such high-value chips are already known by casino chips worth money casinos. Casinos keep track of their highest rollers via a "rating system," which they then use to offer the gamblers complimentary rooms, meals, or other services. The more a player spends, the higher slots bonanza rating, the better the deals.

One possible solution is to have casino chips worth money well-known high-roller cash the chips—but even then, casinos keep track of how many chips each heavyweight has won. It would be hard not to raise red flags. These devices serve two purposes. One is to prevent counterfeiting: If a cashier scans a chip that's supposed to have an RFID but doesn't, it's probably a fake. Most counterfeiting involves lower-denomination chips: RFIDs also serve as individualized bar codes to keep track of every chip.

With the right technology, the Bellagio can figure out exactly best slot casino online chips were stolen.

And if anyone tried to cash them, he'd get nabbed. Got a question about today's news? Thanks to reader Leah Farzin for asking the question. Follow us on Twitter. Can you cash in continue reading chips even if they're stolen?

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Why steal chips from a casino? Expert explains gambling currency

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