Now I get the Euro chip breakdown (and finally, conclusive evidence of whether the $20 or $25 chip is more efficient)

pltrgyst

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How, when, why, and by whom did the $25 denomination chip get introduced into casino play, given that is not a standard currency amount. There must be a backstory.

Geez, Dave, this is exactly the kind of question we rely on you to answer. :confused
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And when did it first get introduced into coinage?
 

pltrgyst

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From Wikipedia: "The choice of a quarter-dollar as a denomination—as opposed to the 1⁄5 more common elsewhere—originated with the practice of dividing Spanish milled dollars into eight wedge-shaped segments, which gave rise to the name "piece of eight" for that coin.[2] "Two bits" (that is, two eighths of a piece of eight) is a common nickname for a quarter."

So -- was there ever a national coin of denomination 25 before the US quarter in 1796?

It's interesting that India simultaneously issued coins of 20 and 25 paise...

And the US had a 20 cent coin: "The American twenty-cent piece is a coin struck from 1875 to 1878, but only for collectors in the final two years. Proposed by Nevada Senator John P. Jones, it proved a failure due to confusion with the quarter, to which it was close in both size and value."

And Russia for a time had both a 20 coin and a 25 note.

Goddam rabbits... :confused:cool
 
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Legend5555

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Geez, Dave, this is exactly the kind of question we rely on you to answer. :confused
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And when did it first get introduced into coinage?
Coins seem to be the most direct correlation to me. 1-5-(10)-25-(50)-100
 

WedgeRock

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My single question after all this:

How, when, why, and by whom did the $25 denomination chip get introduced into casino play, given that is not a standard currency amount.

There must be a backstory.
Could it be casinos figured larger bets would be made more frequently with larger chips, therefore increasing rake? I tend to think every decision a casino makes is about them making more money somehow.

It would not surprise me if you're spot on here, @mike32.
I have long thought you are a very valuable member to the forums we have both been in over the years like HPT, PMC, CT and here!

...and Grinder. But I digress.

But really, thanks.
Now get off my nuts.
 

WedgeRock

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Interesting stuff wedge, when I first joined chiptalk, was already a member of homepokertourney , I had an ASM set made before I knew anything about poker. I looked at what was available and wanted more denoms for limit games, not really knowing what was best. I created a cash set with no fracs at the time, was still trying to work on what I wanted, hotstamp, but never came to fruition .

So I made a cash set with 1, 1.50, 2, 2.50, 3, 4, 5, 6, 8, 10, 12, 15, 16, 20, 25,30, 40, 50, 100
I was going to create .05, .10, .20, .25, .50, .75, 1.25, 7.50, 12.50, but didn't

was thinking about small blinds, easy bets
So chips on the table for each limit game would be something like

.25, .50, 1, 2

.50, 1, 2, 4


1, 2, 4, 8

1.50, 3, 6, 12

2, 4, 8, 16

2.50, 5, 10, 20

5, 10, 20, 40

you get the idea, plus, I wanted more colors. I would never do something like this now, having a better knowledge

And for the tourney I made a 50, 250, 2500,

then created a high end tourney with
10000
25000
50000
100000
250000
500000
1,000,000
5,000,000
10,000,000

One of the Detroit boy's first sets was 25¢, 50¢, $1, $2.50, $5 and $10. Hell even my own set has a rack of snappers that was used exactly once. I was hoping to get a pink chip game going and expand the snappers, but it never happened.
 

Coyote

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I don't know if it's cultural or a personal psychological trait of mine, but I just can't tolerate quarters as fractionals. They tilt me to no end.
Especially, bets of smth.25 or smth.75 can make me not play at all. I could survive in a .25/.50 game if bets had to be made in whole multiples of the big blind.

There have been two reasons of mine for never denominating any fracs in any of my sets:
A. Being able to be used as either .50 or .20
B. Being able to be used as .25 if an American friend visits, while I suffer in silence, out of being nice to the guest:D
 

WedgeRock

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I could survive in a .25/.50 game if bets had to be made in whole multiples of the big blind.
The minimum bet in a 25¢/50¢ game is 50¢, so you're in luck. But a $1.25 bet tilts you?

With your ND fracs, you can just play 50¢/50¢ (which is almost identical to 25¢/50¢ in the big-ness of the game) and not worry about $1.25 bets.
 
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Coyote

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The minimum bet in a 25¢/50¢ game is 50¢, so you're in luck. Are you okay with a $1.25 bet?
NO!
I said ALL bets in whole multiples of the big blind!:LOL: :laugh:
But if you come here as a guest, the severe traditions of Greek hospitality will make me swallow all that quarter crap:D
 

Coyote

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The minimum bet in a 25¢/50¢ game is 50¢, so you're in luck. But a $1.25 bet tilts you?

With your ND fracs, you can just play 50¢/50¢ (which is almost identical to 25¢/25¢ in the big-ness of the game) and not worry about $1.25 bets.
I have also used them to play .20/.40E (financially equivalent to .25/.50 USD) :)
 

One Eyed Dollar

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As part of this analysis, I think the time to make each bet should be considered. For example, take a $13 bet. For the NA breakdown, I need 4 chips, but only from 2 stacks. For the Euro breakdown, I only need 3 chips, but from 3 different stacks. I think it would be faster to grab chips from 2 stacks rather than 3 stacks, even if the number of chips is higher. It would be interesting to see which version is most efficient when it comes to the number of different denoms needed rather than number of chips needed to make each bet.

Edit: Thinking some more, I guess the most efficient answer for that last one would just be to only have $1 chips. Duh. :D Just use Limit sets for everything, but with no higher denom chips! Or one of those games with dice chips where the color doesn't matter and all chips just count as 1.
 
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BonScot

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From Wikipedia: "The choice of a quarter-dollar as a denomination—as opposed to the 1⁄5 more common elsewhere—originated with the practice of dividing Spanish milled dollars into eight wedge-shaped segments, which gave rise to the name "piece of eight" for that coin.[2] "Two bits" (that is, two eighths of a piece of eight) is a common nickname for a quarter."

So -- was there ever a national coin of denomination 25 before the US quarter in 1796?

It's interesting that India simultaneously issued coins of 20 and 25 paise...

And the US had a 20 cent coin: "The American twenty-cent piece is a coin struck from 1875 to 1878, but only for collectors in the final two years. Proposed by Nevada Senator John P. Jones, it proved a failure due to confusion with the quarter, to which it was close in both size and value."

And Russia for a time had both a 20 coin and a 25 note.

Goddam rabbits... :confused:cool
That’s my understanding of how the quarter came about. I just assumed that the $25 was a progression from that.
UK currency went decimal in 1973 but before then it was batshit crazy. Used old Latin denominations D,S,£(which is a stylised L)
12d in 1s and 20s in a £.
You see chips from the 60s with values like 2s6d. Don’t know how the older generation coped with that :ROFL: :ROFLMAO:
 

One Eyed Dollar

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That’s my understanding of how the quarter came about. I just assumed that the $25 was a progression from that.
UK currency went decimal in 1973 but before then it was batshit crazy. Used old Latin denominations D,S,£(which is a stylised L)
12d in 1s and 20s in a £.
You see chips from the 60s with values like 2s6d. Don’t know how the older generation coped with that :ROFL: :ROFLMAO:
That's nutso.

I had a roommate from Wales in college one year, and he was talking shit on the US one time for still using Imperial units. I asked him how many stone he weighed, and he shut up. :p
 

BonScot

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More or less how the US still copes with measuring units today...
We’re still using the old imperial measurements here although we’re gradually being dragged towards the metric system :ROFL: :ROFLMAO:
weights still in lbs, distance in miles, yards, feet and strangely cm not inches
 

BonScot

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That's nutso.

I had a roommate from Wales in college one year, and he was talking shit on the US one time for still using Imperial units. I asked him how many stone he weighed, and he shut up. :p
He must have just been looking for an argument. I’d say that although most weights of good products are in grams and kilos everyone converts it to lbs. same with litres and pints.
 

WedgeRock

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That's nutso.

I had a roommate from Wales in college one year, and he was talking shit on the US one time for still using Imperial units. I asked him how many stone he weighed, and he shut up. :p
Everyone gives the is shit for not being metric, but they still use 2x4's in Canada, eh?
 

BonScot

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Everyone gives the is shit for not being metric, but they still use 2x4's in Canada, eh?
Still use it here. Mainly by idiots who cling to imperial measurements as a way of preserving a long lost empire. They still think Britain is a superpower :ROFL: :ROFLMAO:
Honestly imperial measurements were used by Brexiteers as a scare tactic “we won’t let those Europeans force their kilos and meters on to us”.
 

LeGold

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Fun fact, 2x4s are used in continental Europe as well... the exact measurements are NOT 2x4" but close enough and the term is still used.
 

LeGold

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WTF is that? 2X4 of what? Apples? Oranges? :)
1595364987452.png

Duh.
 

pltrgyst

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UK currency went decimal in 1973 but before then it was batshit crazy. Used old Latin denominations D,S,£(which is a stylised L)
12d in 1s and 20s in a £.
You see chips from the 60s with values like 2s6d. Don’t know how the older generation coped with that :ROFL: :ROFLMAO:

Hmm, I kinda grew up with that system, so it felt normal. The relative sizes of the coins didn't make sense to me, though. But I used to love those twelve-sided thruppence coins!

I think I still have a tiny old velvet bag of them around somewhere...

I suspect it was the annoyance of that old coinage system that propelled the UK toward adopting the metric system, though -- overall, a definite plus over our retarded practices.
 

BonScot

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Hmm, I kinda grew up with that system, so it felt normal. The relative sizes of the coins didn't make sense to me, though. But I used to love those twelve-sided thruppence coins!

I think I still have a tiny old velvet bag of them around somewhere...

I suspect it was the annoyance of that old coinage system that propelled the UK toward adopting the metric system, though -- overall, a definite plus over our retarded practices.
Yeah the coins were nuts. My mum still has some that she uses to confuse us with. I still don’t get what a sixpence is :ROFL: :ROFLMAO: or how many are in a thrupny bit or a bob. I thought she was making it up. I’d already booked her a room in the nursing home :LOL: :laugh:
 
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