I’m a new chipper and I am all in on this hobby. Still, I was wondering though, with the rise of virtual gaming in casinos and other factors, are chips doomed for obsolescence? Will I be priced out of this hobby soon? (As if I’m not already). Please forgive my ignorance, just seeking some sage wisdom.
Are chips doomed to obsolescence? (1 Viewer)
- Thread starter Percy7
- Start date
People tend to collect otherwise totally useless things like obsolete coins and stamps.
Or useful things they are NOT supposed to use, to keep their value.
The complexities of that kind of markets are beyond me, though.
Or useful things they are NOT supposed to use, to keep their value.
The complexities of that kind of markets are beyond me, though.
Last edited:
tabletalker7
Full House
Virtual gaming has it's place in the casino, but virtual poker has NEVER worked live. A few times casinos thought they could replace dealers with electronic tables, and it wasn't long before the electronic tables were gone and poker dealers were back. Besides, chips actually give casinos an advantage. If people had to bet with physical cash money they would think twice, while adding $25 to your blackjack bet is just one clay disc. Chips are a casinos way to trick you into betting more and betting more often. They won't give that up.
ekricket
Royal Flush
Well, I’m not installing a virtual poker table in my house..... so it will always be chips here
TheDuke
Full House
Hope not. Played electronic poker at a casino before. It sucked big time.
I can see the appeal from the casino operators perspective. Much lower operating costs (no need for dealer staff, etc), higher rate of play (more rake for poker, etc) and I'm guessing people have a tendency to gamble even more when its virtual currency vs physical chips in hand.
On the flip side. If casinos started ordering fewer chips it may force GPI to rethink its business model and reenter the home market.
I can see the appeal from the casino operators perspective. Much lower operating costs (no need for dealer staff, etc), higher rate of play (more rake for poker, etc) and I'm guessing people have a tendency to gamble even more when its virtual currency vs physical chips in hand.
On the flip side. If casinos started ordering fewer chips it may force GPI to rethink its business model and reenter the home market.
I think casinos understand the appeal of casino chips, and their practical use in the gaming industry. Studies show that people risk (and lose) more with a replacement currency than if they had to put real money on the table.
I think one major question for the player with all-electronic gaming is simply this: Is the game truly fair, or is this machine setting me up to rip me off? The one thing you get with a real deck of cards and a real stack of chips is some degree of assurance that the deck is shuffled and, therefore, random. You can hold the chips in your hand and decide what to bet, or even to bet or not.
I just don't see real cards and real chips going away any time soon.
I think one major question for the player with all-electronic gaming is simply this: Is the game truly fair, or is this machine setting me up to rip me off? The one thing you get with a real deck of cards and a real stack of chips is some degree of assurance that the deck is shuffled and, therefore, random. You can hold the chips in your hand and decide what to bet, or even to bet or not.
I just don't see real cards and real chips going away any time soon.
that is a great point. I just told my four year old I we didn’t have enough money to buy something and she told me just use your credit card. It not really money! Disassociation from hard currency is a big part of casino strategy I imagine.
I think the majority of us have been priced out of this hobby already. We just refuse to admit it.
Chips in casinos may well become obsolete...sometime in the future. I don't think chips in private home games will ever become obsolete, at least until the concept of money itself disappears.
I see your point and agree but my dumba$$ generation seems desperate to have no human contact. God help us all
philhut
Flush
exactly virtual credits are even easier to disconnect with that plastic gaming discs (chips). A casino would love to be digital. No coins no cleaning no noise other than what is simulated.....
Post Covid paranoia I think many casino's will seek to woo customers with all sorts of changes. Removing poker chips for digital credits that can be wanded with the hand or from a push button display that can be wiped after use may be a thing of the near future. I could even see virtual reality trying to pick up where casino's left off. Could be giving away a giant idea here but imagine a full virtual casino that is very high end graphics and updates that will keep a version on every VR headset now and into the future where players can go and gamble, mingle, see shows all in one virtual space..... Sounds crazy now, but 10-15 years from now we'll be kicking ourselves for not doing it.
I think poker chips and casino chips in general are on the twilight of their common existence to be honest.
FDLmold
Royal Flush
Not in my house.
Jeevansluck
Royal Flush
I really find myself wondering this very thing alot lately.
I am relatively noob to Poker chip buying and collecting. I do worry the chip market will explode if GPI has to restructure and chips become obsolete.
If the home market is an option again, would it really make money for them? Even if they did try to salvage something that way, I don't think home poker by chippers can keep them afloat.
I am definitely already priced out of the market, since there are many chips I can't afford!!!
Quicksilver-75
4 of a Kind
I think it’s an inevitability in the gaming industry. I think there will be a place for chips in Poker rooms and craps tables for years to come, but everything else I can see disappearing quite quickly. It will probably impact the price of chips for collectors, too. That said, there may also be a “Big Bang” of sorts when casino companies from certain states sell off their chips to places like the Chip Room. We can hope.
ekricket
Royal Flush
I wonder if people will quit wearing wrist watches now that the time is displayed in our phones and TVs and computers and microwaves and ovens, and even our eyeglasses.
Darthhoodie
Flush
At the expense of nerding out, they played poker with chips on star trek next gen and money is abolished in the star trek universe. Horrible metallic interlocking cheap ass plastic chips. And commander Riker is considered a poker pro because he bluffes every hand.
So maybe chips will outlast even money!
I don't think money is abolished in the Star Trek universe. At least, don't tell the Ferengi.
Jeevansluck
Royal Flush
Darthhoodie
Flush
Actually your right, just Earth and some other federation planets.
tabletalker7
Full House
Exactly WRONG. Without something else to use people will only be thinking of the money they put in the machine. I learn this lesson every time I bring my other half to the casino and listen to her tell me about the slot machines. She can lose thousands in clay, ceramic, and plastic and not notice until it is gone, but knows exactly when every single cent of hers went into "those damned theiving machines". It doesn't work.
Silver_Fiend
Flush
The video tables have lots of trouble and players HATE them. When I first started cruising, the ships had live dealers, multiple tables and massive waiting lists to play. Then they swapped out the live tables for video tables, and you'd get a single table going at the most. Last 5 years or so, you cant even get a game going on the only video table the ships have left. I cant count how times I've watched people walk up, look at them and walk away. Its a shame the cruise companies dont want to pay for dealers. Apparently, even with the massive rake they took they didnt consider poker tables worth the space.
tabletalker7
Full House
What's that? Get a ceramic set to bring on cruise ships and run my own game? Ok. I can do that.
philhut
Flush
I
I wouldn't trust playing a raked card game dealt by a computer that can through programing algorithms deal hands that edge the house to receive a statistically higher rake percentage per hour by dealing more "interesting" hands. At least dealt cards are random. When there is a massive amount of money to be made that is virtually not perceptible to the average player the house can manipulate too much on a video/virtual terminal. Though like everything its a brave new world now after covid.
This is arguing the same point....covert actual $ into a "play money token/bill" or virtual/digital currency so as to disassociate the user/handler of the value to a degree where the $ can be more easily passed/wagered where inhibitions of wagering actual dollars/coins would otherwise prevent similar actions.
another scheme are those multi-line slot machines, its easy going to play the 5cent slots but after playing all 120 lines each spin your betting $6 a roll......it takes the average player a visit or two to the casino to realize some of these small details. Again in the game of averages and vacation/1st time visitors little details like these net casinos a fortune.
I'm all for casinos going back to business as usual. Maybe they could clean the chips once and a while, I really wouldn't mind that because I just know the guy sitting next to me with extra long finger nails, wearing a diaper definitely is not washing his hands in the washroom.
I wouldn't trust playing a raked card game dealt by a computer that can through programing algorithms deal hands that edge the house to receive a statistically higher rake percentage per hour by dealing more "interesting" hands. At least dealt cards are random. When there is a massive amount of money to be made that is virtually not perceptible to the average player the house can manipulate too much on a video/virtual terminal. Though like everything its a brave new world now after covid.
This is arguing the same point....covert actual $ into a "play money token/bill" or virtual/digital currency so as to disassociate the user/handler of the value to a degree where the $ can be more easily passed/wagered where inhibitions of wagering actual dollars/coins would otherwise prevent similar actions.
another scheme are those multi-line slot machines, its easy going to play the 5cent slots but after playing all 120 lines each spin your betting $6 a roll......it takes the average player a visit or two to the casino to realize some of these small details. Again in the game of averages and vacation/1st time visitors little details like these net casinos a fortune.
I'm all for casinos going back to business as usual. Maybe they could clean the chips once and a while, I really wouldn't mind that because I just know the guy sitting next to me with extra long finger nails, wearing a diaper definitely is not washing his hands in the washroom.
CatDog
Sitting Out
No. I think there will always be a need. I agree with previous posters. People are willing to bet more with chips that represent money rather than an amount on a computer screen. Electronic games in casinos still use the chip visual rather than just a numeric amount or 10 key keypad.
The best place to see this outside a casino is in the wide variety of "freemium" mobile games that use stars, gems, and other types of virtual currency. This is a very conscious design decision to disguise the fact that you are paying real money to win these games.
In a casino, it's a similar effect when you play table games. Betting a chip feels less like betting real money to many people.
A lot of people don't wear them anymore. I'm one.
(I'm not sure if I'm agreeing with you or disagreeing.
)
My experience had been largely the same. Ships with electronic tables have a tough time getting a game going - even scheduled tournaments.
On my last cruise, they had live tables with scheduled tourneys during the day and cash games at night. I didn't play the tourneys, but the cash game was full every night and often had a short waiting list.
I have a sneaking suspicion that cruise ships make more money from bingo than casino table games.
The last couple of times I've gone on a seven-day cruise, bingo brought a decent number of players but ran only once or twice.
Table games were busy pretty constantly from 7pm-2am every day of the cruise except when we were in port, and there were a few players at the tables earlier than that every day (especially "at sea" days).
On my last cruise, I played poker all week with a guy who would get up from his seat once or twice an hour, drop a $500 even money bet on the roulette table next to us, then come back and continue playing poker. We talked near the end of the cruise and IIRC he was stuck in the low five figures on table games. That's one guy, though admittedly a higher roller than most.
On that trip, I think the table games made WAY more than bingo.
Create an account or login to comment
You must be a member in order to leave a comment
Create account
Create an account and join our community. It's easy!
Log in
Already have an account? Log in here.
Similar threads
