Cash in chips, or bring them home?
  • Rather than wait in line at the cashier after playing, only to have to convert my cash into chips the next time I play, I usually just bring my chips home. On a good day this could be several hundred dollars worth. Is there any downside to doing this? I just recently got a player's club card, if that makes any difference.

    Any comments would be appreciated. Thanks!
  • I don't see any downside. If anything, buying in with chips rather than cash shows you are a repeat customer which may help you with comps, etc. I always bring my chips home and just "color down" when I go back to the casino. Nobody seems to mind. To them $100 is $100 whether it's cash or chip.
  • It will save you time and you won't mind the variance in your bankroll so much if you're not converting chips to cash each time.

    Downside is the time value of your money (1000x1.2%/year=$12.00/year) and if you wait 10 years or so between trips, the chips may have changed and will no longer be honored. (in other words - not much downside if you play BJ more than a couple times a year)

    Players club cards are based mostly on average wager, so you won't loose much there.
  • Mr. Ed - There really isn't any time savings. A dealer can convert a hundred in the same amount time as a black chip, and both take a "floor" call.

    The real difference is conveniece to the player, and that varies with each player. For instance, on say a three day trip I prefer to play with chips and will rarely cash in unless I have really big winnings, and then only for the amount in excess of my playing BR..... Conversely, on that same three day trip, Midnite will probably cash in twice a day, and for sure at the end of a day. That is what he is more comfortable with.

    i.e There is no "real" answer to Esaram51. Whatever "trips your hammer" is what you should do. There is essentially no right way and wrong way.

    Re: Time value of your money.....If you are "cutting it that thin", you shouldn't be gambling.

    Regards.....Grifter
  • Grifter said:
    Re: Time value of your money.....If you are "cutting it that thin", you shouldn't be gambling.


    Not cutting thin at all - if paper dollars aren't sitting in my wallet (or chips in my top drawer) they're in my checking account making a whopping 1.2%/year. My point is that unless you'll miss that $12.00 a year, go ahead and keep that bumblebee in your sock drawer!
  • I cash in frequently -- and certainly anytime before I go home. Helps me "keep my eye on the ball" -- know exactly how much I'm up or down at any given time and helps me to remember (stupid as it sounds) that these colorful toys are really money. Also keeps me from impulsive betting on my way out the door.
  • Mr. Ed - Sorry. I misread your original post, and the importance of the "value" stated therein. Your point is correct, and I reckon mine is too. We are in agreement......G.
  • i have heard of stories where people wait too long to cash in and the casino gives them a hard time about the when and how they won the "chips". but i would imagine that only counts for cashing in a lot of chips.

    it would suck if they change the chips on you and they dont honor the old ones.
    probably wouldnt happen if you play a lot.

    and here's a horror story: this actually happened to a guy i know.
    he kept his chips, and like an idiot he left them on the dresser in his room when he went to get breakfast. the maid assumed it was a tip. bye bye winnings. he thought the maid stole them. he threw a fit at the front desk. he didnt get anything back.

    i always cash in my chips as soon as i walk away from the table. its just an old habit that i taught myself to always know where im at with my bankroll and my winnings vs. my losses.
  • bill said:
    i have heard of stories where people wait too long to cash in and the casino gives them a hard time about the when and how they won the "chips". but i would imagine that only counts for cashing in a lot of chips.

    it would suck if they change the chips on you and they dont honor the old ones.
    probably wouldnt happen if you play a lot.

    and here's a horror story: this actually happened to a guy i know.
    he kept his chips, and like an idiot he left them on the dresser in his room when he went to get breakfast. the maid assumed it was a tip. bye bye winnings. he thought the maid stole them. he threw a fit at the front desk. he didnt get anything back.

    i always cash in my chips as soon as i walk away from the table. its just an old habit that i taught myself to always know where im at with my bankroll and my winnings vs. my losses.


    If you walk out of the casino with any substantial amount of chips in your pocket instead of cashing them in first, you are in effect giving the casino an interest-free loan. Also, the two casinos I mostly play at both changed their chips over the past year and they only had a grace period of about three months during which they'd honor the old ones. My playing frequency has gone way down lately and I could have been stuck with obsolete chips.

    In exceptional circumstances, a casino changes its chips literally overnight. This happened after the "Mike Tyson ear-bite" riot at the MGM, because so many chips were stolen. People with small amounts of the old chips could exchange them for the new. This was a huge problem for the MIT card counting team, as described in the book Bringing Down the House. They had duffel bags full of the old chips. They used a very creative way to get these old chips converted.

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