Why are there $3 chips in some casinos? (1 Viewer)

[grebe]

I've never once seen a snapper in a poker game (supposedly there's one casino on the east coast that does it, but it's certainly an anomaly). Snappers are for pit games. Pretty much exclusively. They were created for paying 3 to 2 odds on $5 blackjacks.

No casino anywhere on earth is using fracs for rake chips. I guarentee it. Not one. No where in the world. Not ever. Also, I like being hyperbolic. But ya, this ain't happening.

https://poker.fandom.com/wiki/Pink_chip_game

 

[grebe]

https://poker.fandom.com/wiki/Pink_chip_game

My dream game is this stakes as a mixed game lineup!

 

[JustinInMN]

In every casino in Oklahoma you will have to pay .50 (a frac) for EVERY hand you play on ANY table game. It’s structured so that the prize you win comes out of that .50 cent “pool”, not directly from the casino. Sometimes the casino has a promotion where they pay it for you, but it gets paid one way or another. It’s all chips, no metal coins in play.

Canterbury Park (which is not tribal, but operates pari-mutel horse wagering and got licensed for poker around 2000) had to deal with their table games in a similar way due to a pact with the tribes here. I remember players paying 0.50/hand for blackjack in the early mid-2000s, but I believe the pact was changed here somewhere along way so Canterbury was no longer required to do this.

Maybe @Nanook has better recollection of this. I don't remember ever playing in the pit until after the deal was changed.

 

[Nanook]

Canterbury Park (which is not tribal, but operates pari-mutel horse wagering and got licensed for poker around 2000) had to deal with their table games in a similar way due to a pact with the tribes here. I remember players paying 0.50/hand for blackjack in the early mid-2000s, but I believe the pact was changed here somewhere along way so Canterbury was no longer required to do this.

Maybe @Nanook has better recollection of this. I don't remember ever playing in the pit until after the deal was changed.

Yes, you are correct. I don't recall the date that it was changed. I am not much of a pit player either so that probably has a lot to do with why I don't remember exactly. I do know it has not been that way for quite some time now. Myabe 10 yrs? idk. Do you remember when they used to have all the huge promotions like 100k add ons to the Bad Beat Jackpot on Sunday nights and stuff like that. All those promotions for the cardroom came from that pact that is no longer in place. I am pretty sure it went away before the agreement with Mystic Lake, but I could be wrong about that. Mystic lake agreement was 10 yrs for 75 million and reported in the Star & Tribune 6/4/2012 https://www.startribune.com/canterb...t requires Mystic Lake,million a year by 2022.

The 1st remodel when we played cards upstairs was in 2010 & I feel like all that stuff went away even before that, but I have a bad memory for exact dates.

 

[spellholly]

So again i might be missing something (IE people arnt willing to bet 25 or 50 or 100) but why 3$? It seems so random! What is the science thats what i am after. an I think we are somethat there as in 1$ is too low and it would require too many chips and higher detonations would would detour betting.

 

[allforcharity]

So again i might be missing something (IE people arnt willing to bet 25 or 50 or 100) but why 3$? It seems so random! What is the science thats what i am after. an I think we are somethat there as in 1$ is too low and it would require too many chips and higher detonations would would detour betting.

They are for limit games where blinds and bets are full multiples of $3.

 

[Nanook]

So again i might be missing something (IE people arnt willing to bet 25 or 50 or 100) but why 3$? It seems so random! What is the science thats what i am after. an I think we are somethat there as in 1$ is too low and it would require too many chips and higher detonations would would detour betting.

Let's be clear, $3 chips are not common. Some of us were just pointing out that there are some card rooms that use a $3 chip and it is pretty much only used in very specific limit games. Read through this thread again if you are still missing it. A couple of us, myself included, made some pretty detailed posts explaining it

 

[mnebesny]

For the casinos that use $3s for the rake how exactly does this procedure work?

 

[upNdown]

For the casinos that use $3s for the rake how exactly does this procedure work?

Take three $1's from pot, put in dealer tray. Take $3 chip from dealer tray, drop it in box.

 

[mnebesny]

Take three $1's from pot, put in dealer tray. Take $3 chip from dealer tray, drop it in box.

What's the advantage to doing this instead of just putting the three $1s in the box, is it to reduce how often the box needs to be emptied, or a security reason?

 

[upNdown]

What's the advantage to doing this instead of just putting the three $1s in the box, is it to reduce how often the box needs to be emptied, or a security reason?

Shrug. I assume it's to save space? Seems like a lot to go through for that, but if the casinos are doing it, I'm sure they've calculated that it's worthwhile.

 

[mnebesny]

Shrug. I assume it's to save space? Seems like a lot to go through for that, but if the casinos are doing it, I'm sure they've calculated that it's worthwhile.

Fair enough. I had figured it might be a security thing to prevent theft form the rake box, but that also seemed like a bit of a stretch

 

[Nanook]

Shrug. I assume it's to save space?

This...
Takes some effort & wastes a little time to have security empty all the rake boxes. They would be emptying them every few hours if they put all $1's down there

 

[spellholly]

Oh no no no. With these...

View attachment 610889

I cant blow that picture up- What are those chips? I know this is from months ago hahaha

 

[Kid_Eastwood]

 

[BonScot]

I cant blow that picture up- What are those chips? I know this is from months ago hahaha

It’s my custom limit set.

 

[grebe]

Wait, he said "bet". But how much? He should tank to decide how big that bet should be! He's giving away information betting that fast!

GAWD I love limit. Most home games should be limit. Too bad most people don't realize that and never will.

 

[spellholly]

So I know I kinda got slapped on the wrist, I went back read everything... other people seemed confused still... I watched @Kid_Eastwood 's video at the Bicycle Club... I want those (what I assume are Bud Jones chips now!!) but I am still lost with this $3- I saw the whole thing with $5 poker and $4 drop chips and they would put $1 chips into the pot and not be allowed to sell the $4 chips (which is so stupid- Paulsons might be around $4 for a consumer but to a Casino they are going to be less- so if people buy them and take them out... they are going to make money... but I guess since they are cheques they need to back them up with cash bla bla bla not a fiat currency etc.)