Dead Money

Dead Money

In poker, dead money is the amount of money in the pot other than the equal amounts bet by active remaining players in that pot. Examples of dead money include money contributed to the pot by players who have folded, a dead blind posted by a player returning to a game after missing blinds, or an odd chip left in the pot from a previous deal. For example, eight players each ante $1, one player opens for $2, and gets two callers, making the pot total $14. Three players are now in the pot having contributed $3 each, for $9 live money; the remaining $5 representing the antes of the players who folded is dead money. The amount of dead money in a pot affects the pot odds of plays or rules of thumb that are based on the number of players.

The term dead money is also used in a derogatory sense to refer to money put in the pot by players who are still legally eligible to win it, but who are unlikely to do so because they are unskilled, increasing the expected return of other players. This can also be applied to the player himself: Let's invite John every week; he's dead money. The term dead money also applies in tournaments, when many casual players enter events with virtually no chance of winning.

Casino Tokens

Casino tokens are small discs used in lieu of currency in casinos. Colored metal, injection molded plastic or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines. Casino tokens are also widely used as play money in casual or tournament games.

Some casinos also use gaming plaques for high stakes table games $25,000 and above. Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers.

Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. The tokens are interchangeable with money at the casino. They generally have no value outside of the casino, though in Las Vegas, some casinos might honor chips from other casinos and certain businesses such as taxis or waiters—especially for tips in gambling towns may honor them informally.

Tokens are employed for several reasons. Because of the uniform size, shape, and patterns of stacks of chips, they are easier to tally compared to currency. This attribute also enables the pit boss or security to quickly verify the amount being paid, reducing the chance that a dealer might incorrectly pay a customer. The uniform weight of the casino's official tokens allows them to weigh great stacks or heaps of chips rather than tally them. Though aids such as chip trays are far more common. Furthermore, it is observed that consumers gamble more freely with replacement currencies than with cash. Lastly, the chips are considered to be an integral part of the casino environment, and replacing them with some alternate currency would be unpopular.

Many casinos have eliminated the use of metal tokens and coins, in their slot machines, in favor of paper receipts or pre-paid cards, which, while requiring heavy infrastructure costs to install, eliminate the coin handling expenses, jamming problems encountered in machines which took coins or tokens and can allow more game-specific technology in the space of a machine which would usually be dedicated to coin mechanisms. Whiles some casinos such as the Hard Rock Hotel in Las Vegas which installed the receipt system had kept the $1 tokens around for use as $1 chips, most other casinos using the receipts had simply scrapped the tokens entirely. Most casinos using receipts have automated machines at which customers may redeem receipts, eliminating the need for coin counting windows and decreasing labor costs.

A standard 300 piece set of Plastic Injection chips often sold as clay composite chips

Casino chip collecting is a part of numismatics, more specifically as specialized exonumia collecting. This hobby has become increasingly popular with the Casino Chips & Gaming Tokens Collectors Club formed in 1988. Some chips are worth up to $100,000 and the most popular way to collect and trade is on eBay. Several casinos sell custom-made sets of chips and one or two decks of cards stamped with the name of the casino on them. Each set is contained in a small briefcase or box.

Las Vegas Strip

The Las Vegas Strip is an approximately 4.2-mile 6.8 km stretch of Las Vegas Boulevard in Clark County, Nevada; adjacent to, but outside the city limits of Las Vegas proper. The Strip lies within the unincorporated townships of Paradise and Winchester. Most of the Strip has been designated an All-American Road.

Many of the largest hotel, casino and resort properties in the world are located on the Las Vegas Strip. Nineteen of the world's 25 largest hotels by room count are on the Strip, with a total of over 67,000 rooms. One of the 19, the Las Vegas Hilton, is an off-Strip property but is located less than 0.5 miles 0.8 km east of the Strip.

One of the most visible aspects of Las Vegas' cityscape is its use of dramatic architecture. The modernization of hotels, casinos, restaurants, and residential high-rises on the Strip has established the city as one of the most popular destinations for tourists.

Historically, the casinos that were not in Downtown Las Vegas along Fremont Street were restricted to outside of the city limits on Las Vegas Boulevard. In 1959 the Welcome to Fabulous Las Vegas sign was constructed exactly 4.5 miles 7.2 km outside of the city limits. The sign is today about 0.4 miles 0.64 km south of the southernmost entrance to Mandalay Bay the southernmost casino.

In the strictest sense, the Strip refers only to the stretch of Las Vegas Boulevard that is roughly between Sahara Avenue and Russell Road, a distance of 4.2 miles 6.8 km.6 However, the term is often used to refer not only to the road but also to the various casinos and resorts that line the road, and even to properties which are not on the road but in proximity. Certain government agencies, such as the Nevada Gaming Commission, classify properties as Las Vegas Strip for reporting purposes, although these definitions can include properties which are 1 mile 1.6 km or more away from Las Vegas Boulevard such as the Hard Rock Hotel & Casino. Phrases such as Strip Area, Resort Corridor or Resort District are sometimes used to indicate a larger geographical area.

The Nevada Gaming Commission considers the Strip's northern terminus as the Sahara Casino. At one time, the southern end of the Strip was Tropicana Avenue, but continuing construction has extended this boundary to Russell Road. Mandalay Bay is located just north of Russell Road and is the southernmost resort considered to be on the Strip by the Nevada Gaming Commission.

Because of the number and size of the resorts, the Resort Corridor can be quite wide. Interstate 15 runs roughly parallel and 0.5 to 0.8 mile 0.80 to 1.3 km to the west of Las Vegas Boulevard for the entire length of the Strip. Paradise Road runs to the east in a similar fashion, and ends at St. Louis Avenue. The eastern side of the Strip is bounded by McCarran International Airport south of Tropicana Avenue. North of this point, the Resort Corridor can be considered to extend as far east as Paradise Road, although some consider Koval Lane as a less inclusive boundary. Interstate 15 is sometimes considered the western edge of the Resort Corridor from Interstate 215 to Spring Mountain Road. North of this point, Industrial Road serves as the western edge.

The Nevada Gaming Commission defines the Strip gaming area as encompassing all resorts located on Las Vegas Boulevard South between Russell Road and Sahara Avenue, as well as several nearby properties not directly located on Las Vegas Boulevard. This includes The Rio, The Palms, and several other smaller resorts west of Las Vegas Boulevard and Interstate 15, but does not include The Orleans one block further west. Properties located east of Las Vegas Boulevard on Paradise Road, such as the Las Vegas Hilton, Terrible's Casino, Westin Casuarina Las Vegas Hotel, Casino & Spa, Hooters Casino Hotel, and the Hard Rock, are also included in this area. The Stratosphere, however, is not included in the Nevada Gaming Commission definition of the Strip which includes it in the downtown area. The Stratosphere and other properties not on the Strip are frequently shown on maps as being Strip casinos.

The famous Welcome to Fabulous Las Vegas sign is located in the median just south of Russell Road, across from the now-defunct Klondike Hotel & Casino; another similar sign is in the median at the north end of the Strip near the intersection of East St. Louis and south Main Streets.

Newer resorts such as South Point and the M Resort are on Las Vegas Boulevard South as distant as 8 miles south of the Welcome to Las Vegas sign. Marketing for these casinos usually states that they are on southern Las Vegas Boulevard and not Strip properties. However this area is frequently referred to as the South Strip.