A method and apparatus for verifying players' bets on a gaming table is comprised of a system that can detect the monetary value of a wager that is placed by a particular player at a gaming table. Once all betting is finalized, the detected monetary value of the players' bets is locked and/or recorded thereby preventing that value from being changed by the addition or removal of betting chip(s) from a player's respective bet. If after the results of the gaming round, there is a discrepancy or mismatch between a player's wager and the locked monetary value of a player's bet, casino personnel will be alerted of the player's possible cheating practices thereby enabling them to investigate the matter.