A High Roller Plays. Here’s the thing. If you don’t gamble, you’re not a high-roller. You must play the game to get the high-roller fame. No one cares about the bets you thought about making. It’s about a super gaudy display of wealth and recklessness; you have to play. To be considered a high roller you must gamble large sums of money.
- Doesn’t sound like much of a high-roller’s trip does it? But that doesn’t have to be the case. Today, we’re revealing the secrets smart people use to look like a high roller on a low roller’s budget. Some of these tips are tried and true methods while others are ones you’ll need to try for yourself to see if they work.
- The term high roller, or whale, is used in casino lingo to identify a person of the above mentioned persuasion. High rollers are big news in the casino world, and rightly so, since it is the high rollers that often keep casino doors open.
A high roller, also referred to as a whale, is a gambler who consistently wagers large amounts of money. High rollers often receive lavish 'comps' from casinos to lure them onto the gambling floors, such as free private jet transfers, limousine use and use of the casinos' best suites. Casinos may also extend credit to a player to continue betting,[1] offer rebates on betting turnover or losses,[2] and salaries of employees may also contain incentive arrangements to bring in high rollers.[3]
The definition of a high roller varies. At Crown Casino in Australia, for example, it involves bringing between AUD$50,000 and $75,000 to the table.[4] High roller players often have very high table limits allowing the high roller exclusive use. Casinos compete on bet limits. In Australia limits of AUD$300,000 are common, in Las Vegas they are between US$150,000 and $300,000, and in Macau they are up to US$500,000. Only casinos with 'substantial financial firepower' can accommodate high-stakes gambling due to the volatility of results.[2]
High rollers may also be subject to exceptions from various rules and regulations; for example the high roller rooms at Crown Casino in Melbourne, Australia are the only licensed venue in the state not subject to a ban on smoking.[5]
High rollers are said to provide only a small fraction of casino business. John Eidsmoe, in his book Legalized Gambling: America's Bad Bet, claims that it is actually gamblers from the lower and lower-middle classes in the United States that provide much of the gambling money. 'The occasional wealthy 'high roller' does indeed exist, but he is the exception, not the standard. The fact that more than 50% of Nevada's gambling income comes from slot machines as opposed to the card tables should be an indication high rollers are not the main source of revenue.'[6]
One example of a high roller is an Australian man who turned over more than AUD$1.5 billion in a 14-month period from 2005, becoming 'one of Crown's largest Australian players but not in the same league as [its] top international players'.[3] There have been many cases around the world where high rollers have committed fraud to provide funds for gambling beyond their means, after becoming seduced by the lifestyle.[1][7][8] This was the case with famed gambler Terrance Watanabe who reputedly lost over $220M in Las Vegas over a 5-year period, and was ultimately sued by Caesars Entertainment for failing to pay up on markers he took out during the binge totaling $14.75M.[9]
While high rollers may not provide a significant portion of the revenues in the casino industry as a whole, they can have a major effect on the net income of casinos that cater to them. There are significant costs associated with attracting the highest-stakes gamblers, so if a casino takes this risk and the high roller wins, the casino's expenses can be extremely large. Likewise, if the casino's investment pays off and the high roller loses, the casino's gain can far exceed its expenses for the high roller's visit.
Related to high rollers are low rollers. These are people who do not wager large amounts of money, but are nonetheless knowledgeable about gambling and enthusiastically participate in casino programs such as comps and loyalty programs. 'Low roller' may also refer to average casino patrons who are not high rollers.
References[edit]
- ^ abRichard C. Paddock (February 15, 2009). 'Debt finally topples a Las Vegas high roller'. Los Angeles Times. articles.latimes.com.
- ^ abKate Hagan (June 4, 2009). 'Crown defends high-roller enticements'. The Age. theage.com.au.
- ^ abMichael Warner (June 5, 2009). 'Court told of concealed gambling by Crown Casino'. Herald Sun. www.news.com.au. Archived from the original on June 7, 2009.
- ^Muriel Reddy (October 5, 2003). 'Betting $330,000 on the turn of a card - National - www.theage.com.au'. The Age. www.theage.com.au.
- ^Michael Warner (May 16, 2009). 'Second high-roller deal for Crown casino'. Herald Sun. www.news.com.au. Retrieved November 1, 2012.
- ^Eidsmoe, John Legalized Gambling; America's Bad Bet, 1994
- ^Anson Cameron (June 7, 2009). 'High-stakes gamblers and the luck delusion'. The Age. theage.com.au.
- ^Chee Chee Leung (August 28, 2004). 'Casino glamor seduced lonely man into $1m fraud'. The Age. theage.com.au.
- ^Vegas Guy (May 15, 2015). 'Casino whale stories and profiles of biggest high rollers'. Vegas Guy. www.vegasguy.com. Retrieved April 22, 2016.
External links[edit]
- The dictionary definition of high roller at Wiktionary
Small Roller Wheels With Bearings
Retrieved from 'https://en.wikipedia.org/w/index.php?title=High_roller&oldid=983218396'
In popular culture, being a “high roller” is synonymous with walking into a casino and having everyone swooning over you. While this image might be overkill, the status of the high roller is not far from this. So, what is a high roller? A high roller usually tends to be a person who spends a lot of money in a casino. They are generally regarded as a cash cow of the gambling industry. The high roller is a regular at the casinos. He is not afraid of pulling out the big bucks in bets or tips.
In offline casinos, such players have access to VIP lounges, unlimited drinks, private game rooms, personal cashiers, and the lot. In online forums, this could translate to exclusive offers, cashback benefits, merchandise, and other selected rewards. So, how exactly does one become a high roller? Here are a few tips to help you in that regard:
Deposits are first impressions
Casinos, irrespective of the forums they operate on, tend to keep a track of the amount of money their clients deposit while placing bets. The first and the most crucial step that you need to take in order to become a big roller is to make a large deposit when you start betting. This initial payment will instantly attract the attention of the casino, which would consider you a person of substantial means and treat you in accordance. Online casinos are known to be surprisingly generous towards high rollers. In fact, you’ll notice more preferential treatment towards your needs, a higher payout, and special withdrawal services, among other things.
Keep your emotions in check
Carrying and splurging a lot of moolah does not necessarily warrant exclusive privilege. You would have to prove to the casino that you are not some emotional fool who is here to blow off cash but someone who knows what they are doing. Start gambling by choosing a game that you specialise in. A good choice in this regard could be either poker or blackjack since both of these games involve a good deal of strategy. Temperament is a crucial aspect in this regard. Make informed choices and ensure that the mechanics and the outcome of the playsuit you. Remember, class cannot be bought with money alone; it would but also on the choices you make, the way you make these choices, and the personality you display while making them.
Bankroll management is key
If you aim to become a high roller, chances are that spending money is not really a shortcoming for you. However, you have to remember that you are in a casino, and there’s no amount of money in the world that can insure you if you get carried away. Consult the different games that the casino has to offer and try your hand at a few, keeping in mind the budget that you have set for yourself. The idea here is to act and function like a regular customer at the casino, someone that the casino can look up to for dependable patronage.
Do a background check on the casinos
The privileges meted out to customers differ from casinos to casinos. Unlike conventional casinos, which are easier to judge based on appearance, online casino offers may be difficult to assess. Online casinos can offer better rewards than conventional operators. It is thus important to check out the different privileges that online casinos can bestow upon high rollers.
Slots hold a special place in casino portfolios
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Slots have been around for almost as long as the modern betting industry has existed. This bestows upon them an added status. You will notice that a lot of players bet big on board games. However, the chances of becoming a high roller depend not merely on bets but on getting noticed by the casino. A sure way to do this is to bet big on slot machines. If you place substantial bets on slots, you stand the chance of winning the various multipliers and jackpots. Apart from this you also stand the chance of climbing that exclusive VIP list.
Consistency is the key
You cannot fake your way into the high rollers club. You have to act that way. If the first few deposits that you make do not yield results, stay put. Remember, the high roller privilege is one of the highest honours that a casino can bestow on you. Being a high roller means that you would not usually shy away from placing huge bets.
There’s no sure shot way to get into the high rollers club. A consistent betting stance, along with a steady attitude, could put you in good stead to ensure success. This is an endeavour at creating a lasting impression. How to play craps and win. Your success depends on your ability to impress.
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