Buying $1 chips in bulk

[shadroch]

Tonight was the easiest of all. Bought 50 $2 chips, walked away, put them in my pockets, went and watched a couple horse races outside, went back in and bought 100 $1 chips, put those in my pockets, called my friend, and talked to them as I walked out the door.

I don't know what was wrong with the first place I went to because this place didn't seem to care at all...maybe next time I'll try to take the racks too :devil:

Now all you have to worry about is if the casino finds itself missing so many low value chips, that they decide something sinister is going on and change the chips.
Focusing,perhaps obsessing, so much on using real chips in practice is a strong indication you are no where near ready foe AP play, imho.

 

[standard toaster]

If I owned a casino I would gladly give players chips to take home. God knows half of them will never return... its almost a guaranteed win. However custome chips are quite expensive. Many paulsons run at $1.50-$2.00 a chip. Im sure the casinos get them in bulk but if they have to pay anything over $1 I can understand why they wont let you take them.

I would not be suprised if a $1 chips costs them more than a dollar

 

[callipygian]

I would not be suprised if a $1 chips costs them more than a dollar

Given the physical condition of a $1 chip relative to that of a $5 (or higher) chips, this is something I have suspected for a while.

 

[shadroch]

Given the physical condition of a $1 chip relative to that of a $5 (or higher) chips, this is something I have suspected for a while.

It could also be that the casinos don't change the $1 chips as often as they aren't as concerned about fakes.

 

[itakeyourmoney]

Is there any kind of grace period for casinos accepting old chips when they switch to new ones? It doesn't seem like they should be allowed to just switch to new chips and then never accept old chips -- someone could've won a lot the night before and just left with the chips planning to come back the next day, and now their chips are no good.

 

[Medulla Oblongata]

Most casinos don't care if you buy there chips. I suggest going to the cage and buy as many as you like. They have plenty of low denomination chips and more in storage. The pit may not like you buying that many chips at the table(s) cause they would have to order a fill, to replace the ones you bought, and thats one thing they don't like to do unless they have too.
As for the cost most joints pay around .17 cents each. Bigger casinos Harrah's and the like may pay less cause of buying in bulk. Even though the chip may say "$5,000,00" its only worth .17 cents to the house. There money is in the drop box.:laugh:

ps: on the way out throw a few to the dealers. They could use it...these days.
Thanks

 

[Medulla Oblongata]

Is there any kind of grace period for casinos accepting old chips when they switch to new ones? It doesn't seem like they should be allowed to just switch to new chips and then never accept old chips -- someone could've won a lot the night before and just left with the chips planning to come back the next day, and now their chips are no good.

Yes, most places allow up to a year or longer, and they will let ya know in advance befor they change. Most don't change there low denom checks though. Don't worry they want your play not a hassell...:grin:

 

[shadroch]

Yes, most places allow up to a year or longer, and they will let ya know in advance befor they change. Most don't change there low denom checks though. Don't worry they want your play not a hassell...:grin:

I don't know about most, but a few have been quite strict about not cashing older chips as soon as they made the switch.
After the riot at the MGM following a Tyson fight, they immediately changed their chips and gave holders of the old chips a very hard time. Seems that thousands of chips were stolen during the incident.
Many times casinos change chips because they think there are illegal chips in circulation.

 

[suicyco maniac]

Nothing suspicious except for the obvious rattling noises in my pockets haha -- any ideas on how I could keep the chips from moving?

At casinos where triggering a CTR will be a problem I have wrapped stacks of 20 purples tightly in aluminum foil. This keeps them from making any sounds in your pocket and accessing them is as easy as ripping the foil with one hand. This was more for bringing chips into the casino but works either way.

 

[suicyco maniac]

I don't know about most, but a few have been quite strict about not cashing older chips as soon as they made the switch.
After the riot at the MGM following a Tyson fight, they immediately changed their chips and gave holders of the old chips a very hard time. Seems that thousands of chips were stolen during the incident.
Many times casinos change chips because they think there are illegal chips in circulation.

Most casinos will usually give some sort of grace period but it varies quite a bit and sometimes is pretty short. The real problem is unforeseen incidents like shadroch mentioned. I know one major casino that suddenly changed out their chips after some counterfeit high denoms were found. It caused some people to jump thru a lot of hoops to get their legit chips cashed out.

 

[suicyco maniac]

ps: on the way out throw a few to the dealers. They could use it...these days.
Thanks

Which Harrahs do you work?