sodawater
sodawater
Joined: May 14, 2012
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May 15th, 2013 at 2:59:05 PM permalink
Quote: Hunterhill

So what exactly was a bit.I`ve always heard 2 bits,was it a specific coin or what?



A bit is 1/8th of a dollar. Or 12.5 cents. Hence a quarter is 2 bits.

From wikipedia:

"In the U.S., the "bit" as a designation for money dates from the colonial period, when the most common unit of currency used was the Spanish dollar, also known as "piece of eight", which was worth 8 Spanish silver reales. One eighth of a dollar or one silver real was one "bit""
EvenBob
EvenBob
Joined: Jul 18, 2010
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May 15th, 2013 at 3:02:09 PM permalink
Quote: Hunterhill

So what exactly was a bit.I`ve always heard 2 bits,was it a specific coin or what?



My understanding is they used to cut dollar coins
into quarter 'bits' long long ago and it comes from
that. 4 bits is 50 cents.
"It's not enough to succeed, your friends must fail." Gore Vidal
sodawater
sodawater
Joined: May 14, 2012
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May 15th, 2013 at 3:18:42 PM permalink
Quote: EvenBob

My understanding is they used to cut dollar coins
into quarter 'bits' long long ago and it comes from
that. 2 bits is 50 cents, 4 bits is a dollar.



wrong.
EvenBob
EvenBob
Joined: Jul 18, 2010
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May 15th, 2013 at 3:36:27 PM permalink
Quote: sodawater

wrong.



Close though. "It goes back to the days when coins were minted with grooves so that they could have bits removed and spent individually. These were the "pieces of eight" that you hear of in pirate stories. One eighth of a dollar is 12.5 cents, thus two bits is 25 cents or a quarter."
"It's not enough to succeed, your friends must fail." Gore Vidal
teddys
teddys
Joined: Nov 14, 2009
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May 16th, 2013 at 9:35:52 PM permalink
Ernesto is the bomb diggity!
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
thecesspit
thecesspit
Joined: Apr 19, 2010
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May 16th, 2013 at 9:40:03 PM permalink
Added to my list of things to do in Vegas on my next trip...
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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May 17th, 2013 at 1:00:25 PM permalink
Quote: thecesspit

Added to my list of things to do in Vegas on my next trip...


Considering it myself! I have also never played the single deck there. Debating learning the handful of BS exceptions from DD just so I can get backed off.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer

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