What defines high stakes online casino games? High stakes online games such as blackjack, roulette, craps, baccarat, video poker, online slots.
High Stakes Online Casino Games
It is hard to define high stakes online casino games, chiefly because what for one many would be pocket change, for another would be a fortune. But to get your and our heads around this, we at GamblingPedia take the middle road and say that any game with a maximum bet allowed of over $500 dollars. Some might argue $1 000, others might argue $100, but essentially “high stakes” are what the player considers them to be.
The point is that high stakes gaming online can be found across the board, from casinos for non US and US players; in games such as Blackjack, Roulette, Craps, Baccarat, Video Poker and Slots. Poker is in a class of its own, so doesn’t really come into these discussions.
Word high roller is the disambiguation of the term “high stakes” and these players are also referred to as whales. In the live casino industry, they are offered all kinds of perks to lure them onto the casino floor, and these include private jet travel to or from the casino, limos, private suites, gifts and even incentives such as credit. More than one London Casino has been burned by Saudi millionaire princes who have been extended lines of credit or been allowed to pay by cheque! In Australia the rules are really bent for these players and they are even exempt from certain laws, such as smoking on the casino floor.
By the same token, online casino games for high stakes players are made available, and though it is unlikely they would be extended lines of credit. Massive bonus funds and other perks are also made available to these “whales”. Games of Blackjack, Roulette, Craps and Baccarat with bet limits of between $200 000 and $500 000 are not unheard of.
High stakes offers substantial financial firepower to a casino and each casino has their own definition of a high roller. Their ability to bring this financial firepower to the casino floor can make for volatile results and this is why high stakes games are allowed. If an individual player brings income of $30 000 upward to the tables in any given gambling session, they will be considered to be a high roller, but this could be a lot less in certain circumstances.
High stakes players are not the bread and butter of the casino, they are the exception to the rule. Certainly in US and UK gambling these players make up a small fraction of the action. It is the lower to middle class which fund casinos in the majority, both off and online, but whales exist and must be catered for, so they are, in a very special way.
High stakes games and high rolling in itself, provides for a very seductive type of lifestyle, and some top international players have been caught out committing fraud to pay for this lifestyle. In as much as low rollers should only wager what they can afford online or in any other form of gambling, the same tenet applies to high rollers.