Best High Roller Casino
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A high roller, also referred to as a whale or cheetah, 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
What we know from movies or might have seen around Vegas is that high rollers are treated on a different level than regular players. The casino might send their limousine to pick them up after they have arrived with their private jet, they will get the penthouse suite of the casino hotel and they might enjoy a personalized meal with free-flowing liquor.
Of course, high rollers are losing money and the casinos are merely giving them back some of their losses in glamorous ways, but if you have the means to become a big spender at casinos here are a few tips you can do to make sure you can enjoy that preferential treatment. Kate Richards, a British public relations professional in the casino business has shared her thoughts with us on high rollers. You can read more about Kate here.
What makes someone a high roller?
Becoming a high roller depends on your betting habits and where you are playing. In a land-based casino where you most likely spend a night (or a couple of nights on a gambling holiday) your initial deposit and the bets you place will determine if you are a high roller or not.
In an online casino, you will often find loyalty programs which lay out clear terms on how much you have to wager (or how many points you need to collect) before you are eligible for their VIP program. If you are a player from the United Kingdom and looking for casinos to play at you can check out our list of fast payout casinos.
In most brick and mortar casinos in Europe depositing $10.000 and making a $100 bet per hand on blackjack or wagering $25 on a spin will determine your high roller status. However, at high-end establishments in Vegas such as the Bellagio or the Wynn these figures can be easily ten times more. High rollers at these casinos might wager $100.000 in a hand of poker or blackjack.
In the UK the most glamorous casino that high rollers often favour is The Ritz Club in London. Set in a five-star hotel, a private members’ club membership at this casino will set you back £1,000 and will give you a very personalized service.
What are the perks?
Regular high rollers who are known to the given casino can often negotiate their own terms. If you are new to a casino you might want to talk to the host so that you can set your requirements. Or you can simply turn up at the casino and make a large enough deposit and/or make large bets at game tables or visit the high roller slot room to raise the attention of the casino host. Some of the perks high rollers can expect are:
Luxury transfers
Casinos often have luxury vehicles that they happily send to pick up high rollers from the airport. Arriving in style and getting jealous looks from other casino visitors is a popular perk enjoyed by many high rollers.
Room upgrades
If you are a high roller you certainly deserve a spacious hotel suite. Some prefer a specific view of the strip in Vegas while others want to be as high up as possible and stick to a penthouse suite.
Best High Roller Casinos
Loss rebates
Those who tend to lose a lot of money will be happy to get some of it back in cash. For example, if you have an agreement to get back 10% of all your losses and you lost $50.000 you will get back $5.000 as compensation. This works the exact same way in online casinos and they call it a cashback system.
Free meals, drinks and show tickets
In Las Vegas, casino hotels offer so much more than just casino rooms. They organize first-class shows such as Cirque du Soleil performances and high rollers are often hooked up with front-row seats. You might get a free meal at a Michelin star restaurant or free-flowing drinks with your meal.
Conclusion
Is it worth becoming a high roller? Well, it depends on you. If you can afford to lose large amounts of money and you are in control of your bankroll then why not enjoy this preferential treatment?
Best-high-roller-casinos
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