The phrase high roller evokes feelings of prestige, status, and big money in casinos. However, its often thrown around liberally without much thought.
In short, the casual definition of a high roller is described as someone who spends a substantial amount of money betting on casino games. They make big bets regularly and are treated favorably by the casino. Comps and freebies offered on the house are associated with being a high roller.
The true definition of what constitutes a high roller to casino management is much more complex than that, though. The only way to accurately describe a high roller is to look at things objectively from a casinos point of view. Otherwise, it is all relative to throw out random, arbitrary numbers to describe high rollers.
There are gamblers that you might view as a high roller, but in actuality, they may be smaller bettors to the casino than you would be led to believe. No, gambling in the high-limit room does not necessarily make you a high roller. With table limits starting at $100 in most instances, high-limit rooms cater to average and mid-level gamblers as well.
What is a high roller? We are getting to the bottom of the matter and revealing how casinos categorize high rollers. Also, are high rollers playing at the best online casinos?
There are a few variables to consider when categorizing high rollers. As we noted, it is not as simple as randomly assigning a high-roller tag to gamblers. Casinos have an objective formula that is based on data to label high rollers.
All the money that is gambled by players is monitored in a computer database. The algorithm will decide who is a high roller and who is not. The theoretical loss that a player generates determines their status as a gambler.
Casino hosts also have some input, but the algorithm dictates their decision-making regarding comps, which can be slightly different depending on the casino. Lets evaluate the factors that go into this formula below.
Get Exclusive Access to Winning Sports Betting Picks for Free
The casino you are gambling in has a significant impact on your status as a high roller. If you want to be big fish in a little pond, then consider gambling at a cheaper casino.
For instance, with Las Vegas as an example, betting $100 per hand on blackjack will go a lot further at a downtown, off the strip casino than at a premium casino on the Las Vegas Strip.
Betting $100 a hand of blackjack at the Cosmopolitan or Wynn will fail to get any attention. However, $100 blackjack will garner some attention from management and the computer algorithm at Fremont casinos. You will need to bet more than $100 per hand to be considered a high roller, but the point stands.
It is much easier to be considered a high roller at a casino that has fewer expenses and is considered a lower-class venue. Not so much when you are playing at a casino that markets to wealthy gamblers and guests.
Its important to understand that if you want to be a true high roller at an expensive luxury resort, which is typically where the big high rollers gamble, it is going to take well over $1,000 per bet on a table game.
Consider betting closer to $10,000 and above for online blackjack for real money, baccarat, and craps for casinos to consider you a high roller. However, there are exceptions based on the game being played.
The higher the house edge, the less that will have to be wagered per bet to get into high roller territory. Consequently, a $10,000 roulette bet will be looked at more favorably by the casino than the same wager at blackjack.
For the best real money slots, true high rollers are betting on the $100 or greater denomination games. Slots require smaller bets to be a high roller, but the quick-paced gameplay and high house edge result in more lost wagers per minute.
On a $100 slot machine, you can easily rack up over $1,000 wagered in just one minute. You have to remember that a max bet can be much more than $100. The $100 denomination only represents one credit. Extrapolate that for an entire hour, and you can see how a $100 slot machine can get expensive.
With multiple seats occupied at a blackjack table, it will take over a minute for one hand. And this is on a game with one of the lowest house edges in the casino. The same applies to craps and baccarat online or in person, and other casino games with low house edges.
Do not think you are a high roller because you walk up to a roulette table and plop $20,000 down on red. Thats an impressive bet size, but the time played is more important than one wager. Casinos would prefer a gambler that plays for longer hours with smaller bets than a hit-and-run bettor.
High rollers are not afraid of betting large amounts for hours in a day.
Generally, casinos want to see high rollers play for an average of four hours or more when they are gambling. There will be longer and shorter sessions on trips to the casino, but playing for extended periods is a high-rolling move
The casinos algorithm to track how much gamblers are spending takes hours played into consideration. Its quite simple. The more hours that are accumulated in the system, then the better chance of being classified as a high roller.
Furthermore, the software will track how many bets are being made per hour. In other words, you cant milk your slot session by betting every couple of minutes while waiting for free drinks from the cocktail server. Also, sitting at the blackjack table and only jumping into the game occasionally will hurt the total theoretical loss.
All the factors that we mentioned above will go into a players theoretical loss. Generally, the formula is:
bet size (x) hours played (x) bets per hour (x) house edge = theoretical loss
In short, the theoretical loss is the expected loss of a player whenever they gamble. Wins and losses do not impact a players theoretical loss.
The casinos tracking software considers all of these variables. Of course, gamblers must be playing with their casinos member card, or a casino host monitoring their action.
The numbers go into a blender and crunched to provide a players theoretical loss. The total theoretical loss is the most important criteria for categorizing a players gambling status. High rollers will rank high in three or four of the variables.
The house edge is a tricky one, though. Blackjack and baccarat are popular games amongst high rollers. House edge is a criterion for calculating house edge, but high rollers will make up for it with the $10,000+ bets they are making every minute.
Bob gambles (coin-in) $100,000 on a slot machine across four hours for two days. The hold on slot machines is 10%.
With this information, we can calculate the theoretical loss: (100,000 x 8) (0.10) = $80,000.
The theoretical loss for eight hours on his trip is $80,000. Statistically, given the house edge of 10%, Bob is expected to lose $80,000, theoretically.
As a general rule, casinos will comp 20% to 40% of a gamblers expected loss. Therefore, if we land in the middle at 30%, the casino owes Bob $24,000 in comps.
That would be considered a high roller in most casinos throughout the world. There are bigger high rollers, but every casino would be thrilled to have him as a customer.
High rollers frequently play at online casinos. Gamblers from around the world are risking huge dollars on a daily basis. The convenience of the top online gambling sites makes becoming a high roller easier than ever.
There are online casinos that have $10,000 limits on their live dealer blackjack games. We classify a high roller that plays table games roughly a $10,000 per hand bettor. Consequently, there are high rollers routinely laying down the big bucks online.
Online casinos take care of their high rollers too. Special offers that are only exclusive to high rollers will be applied to their accounts. This mostly consists of free bonus cash to play with in the casino. However, there are a variety of different offers that only high rollers can take advantage of.
If you want to deposit high roller money, as a precautionary step for money laundering and problem gambling, casinos will ask for documents to prove your income. Land-based casinos have similar anti-money laundering procedures in place as well.
Do you want to join the ranks of high rollers online? It is crucial to ensure that you sign up at the right online casino. There are online casinos that do not have the highest limits. If you want to be a high roller, these are the casinos that you want to avoid.
At Bovada, the table games and slot machines accommodate low and high rollers alike. Currently, you can play the slots for one penny a pull or over $100 on a single wager. Additionally, Bovada has two $250-$10,000 live blackjack tables.
The minimum bet is $250 and the max bet is $10,000 in these blackjack games. Typically, these tables have fewer players, so finding a seat should not be difficult. That is one of the perks of being a high roller.
If you arent a slots or blackjack player, Bovada is equipped with several other casino games. You can find live baccarat, live dealer roulette, video poker, craps, online Texas Holdem games, and much more at Bovada. Deposit at the Bovada online casino to receive a generous casino bonus for new accounts.
Sign up to score a 100% match bonus of up to $3,000. For an additional $750, consider using Bitcoin for a total of a $3,750 casino bonus!
Link:
What Is A High Roller and Do They Play At Online Casinos? - The Sports Geek
- 13 Best Real Money Blackjack Apps 2024 - Top Mobile Blackjack Sites Reviewed - ReadWrite - March 4th, 2024 [March 4th, 2024]
- A former Phillies executive found work as a blackjack dealer after being fired. Now he's back in the game. - The Philadelphia Inquirer - March 4th, 2024 [March 4th, 2024]
- Denny Hamlin won major blackjack grand prize in Las Vegas - On3.com - March 4th, 2024 [March 4th, 2024]
- Denny Hamlin wins $300000 in a blackjack tournament in Las Vegas. - AutoGear - March 4th, 2024 [March 4th, 2024]
- Cursed in the Cup, but Not in Blackjack- $300K Richer Denny Hamlin Wins Big at Vegas - EssentiallySports - March 4th, 2024 [March 4th, 2024]
- From Ballet to Blackjack, a Dance Pioneer's Amazing Odyssey - The New York Times - February 5th, 2024 [February 5th, 2024]
- Tupolev Tu-160 Blackjack: Russia's Bomber Can Hit Mach 2 and Strike Anything - The National Interest Online - February 5th, 2024 [February 5th, 2024]
- Best online blackjack: Top online casinos with live blackjack... - The Sun - February 5th, 2024 [February 5th, 2024]
- Impact of Casino Games On The Development of The Video Game ... - GameIndustry.com - November 15th, 2023 [November 15th, 2023]
- Moving the Dice Around the World: Top 10 Unique Casino Goals for ... - The Dubrovnik Times - November 15th, 2023 [November 15th, 2023]
- Best Online Casino Games To Play This Thanksgiving - Pokerfuse - November 15th, 2023 [November 15th, 2023]
- 9 Best Online Blackjack Sites to Play for Real Money - BSC NEWS - September 23rd, 2023 [September 23rd, 2023]
- How to Find a Safe Sportsbook for Blackjack Games? - GameIndustry.com - September 23rd, 2023 [September 23rd, 2023]
- Baccarat remains top casino table game in Indiana - The Times of Northwest Indiana - September 23rd, 2023 [September 23rd, 2023]
- Boosting Your Odds of Winning at Online Casino Games in Canada ... - Dolphins Talk - September 23rd, 2023 [September 23rd, 2023]
- Chicago's First Casino Opens Saturday In River North - Block Club Chicago - September 9th, 2023 [September 9th, 2023]
- Potawatomi Unveils Next Stage of Renovations - Indian Gaming - Indian Gaming - September 9th, 2023 [September 9th, 2023]
- Best Bitcoin Casinos in 2023: Top Crypto Casino Sites to Play BTC ... - Analytics Insight - September 9th, 2023 [September 9th, 2023]
- Table Games at Best Online Casinos Ranked by Experts - Bookies.com - September 9th, 2023 [September 9th, 2023]
- Horse racing tradition lives on - elko county fair - Elko Daily Free Press - September 9th, 2023 [September 9th, 2023]
- Sitka Gold Drills 449.0 Metres of 0.74 g/t Gold from Surface ... - Junior Mining Network - September 9th, 2023 [September 9th, 2023]
- Reasons Why You Always Lose at Blackjack, And How To Fix Them - The Sports Geek - August 12th, 2023 [August 12th, 2023]
- How to Play Live Blackjack at Bitcoin Casino - The Cryptonomist - August 12th, 2023 [August 12th, 2023]
- Unlock Success with Live Blackjack in Australia: Expert Tips - Philadelphia Sports Nation - August 12th, 2023 [August 12th, 2023]
- The US To Donate RQ-21 Blackjack Tactical Drones And Patrol ... - Overt Defense - - August 12th, 2023 [August 12th, 2023]
- Unveiling the Strategy Behind Australian Casino Real Money Wins - The Apopka Voice - August 12th, 2023 [August 12th, 2023]
- Best Red Dog Casino Table Games in 2023 - The Sports Geek - August 12th, 2023 [August 12th, 2023]
- Most Luxurious and Oldest Land Casinos in the UK - UrbanMatter - August 12th, 2023 [August 12th, 2023]
- Ranking of the Top Card Games in the Czech Online Casinos - GameIndustry.com - August 12th, 2023 [August 12th, 2023]
- Step into the Joker's Realm: Login Joker123 Grants You Entry to a ... - Fordham Ram - August 12th, 2023 [August 12th, 2023]
- Casinos in Western Australia: How Many You Can Access Right Now - TheXboxHub - August 12th, 2023 [August 12th, 2023]
- Mayo evacuated as fire situation remains serious in northern and ... - Yukon News - August 12th, 2023 [August 12th, 2023]
- How to Play Blackjack: Your Ultimate Guide for 2022 - January 23rd, 2023 [January 23rd, 2023]
- 4 Ways to Play Blackjack - wikiHow - January 23rd, 2023 [January 23rd, 2023]
- Top 3 Online Casinos [2023] to Play for Real Money - January 19th, 2023 [January 19th, 2023]
- Basic Blackjack Strategy Charts [2021] - Generate Charts for 1-8 Decks - January 4th, 2023 [January 4th, 2023]
- 5 Best Online Blackjack Casinos to Play for Real Money - December 28th, 2022 [December 28th, 2022]
- Blackjack Online for Real Money Play with $3000 Bonus - December 28th, 2022 [December 28th, 2022]
- Play Online Blackjack Real Money - Top 3 Casinos in 2022 - December 28th, 2022 [December 28th, 2022]
- Hit Big with Blackjack on Luckyland Slots - PokerNews.com - November 11th, 2022 [November 11th, 2022]
- Tu-160 Blackjack Strategic Bomber - Airforce Technology - October 13th, 2022 [October 13th, 2022]
- The Origin Of Blackjack And The Biggest Win In The Game's History - The SportsGrail - October 13th, 2022 [October 13th, 2022]
- Doubling Down On Soft 17 Vs. A Bust Card Can Be Tough To Stomach, But It's The Right Move - Barstool Sports - October 13th, 2022 [October 13th, 2022]
- Free Spins and Free Bets all week at Juicy Stakes Casino - Business Wire - October 13th, 2022 [October 13th, 2022]
- Magic Johnson Turned $15,000 Profits on Trips to Las Vegas Without Placing a Single Bet, Thanks to Jerry Buss - Sportscasting - October 13th, 2022 [October 13th, 2022]
- The Top Holiday Destinations for People Who Love The Casino - FTNnews.com - October 13th, 2022 [October 13th, 2022]
- Bovada Casino Review | Is Bovada Legit and Safe for Players in 2022? - techPresident - October 13th, 2022 [October 13th, 2022]
- How to Play Online Blackjack: Rules, Strategy, and More - The Action Network - October 13th, 2022 [October 13th, 2022]
- Best Blackjack Sites (2022): Best Blackjack Sites for Real Money Blackjack - The Daily Collegian Online - October 8th, 2022 [October 8th, 2022]
- The 5 Best eBooks About Casinos and Gambling - Good e-Reader - October 8th, 2022 [October 8th, 2022]
- Choosing the Best Ethereum Casinos to Play Blackjack - Times Tabloid - October 8th, 2022 [October 8th, 2022]
- The Evolution of Casino Games and the Technology Behind Them - UrbanMatter - October 8th, 2022 [October 8th, 2022]
- Live United: Don't forget the stories, people who will benefit from fundraisers - Albert Lea Tribune - Albert Lea Tribune - October 8th, 2022 [October 8th, 2022]
- It's Controversial, But Doubling Down On 9 With The Dealer Showing A 6 Is The Right Move - Barstool Sports - October 8th, 2022 [October 8th, 2022]
- Compare The Best Online Casinos in South Korea for Real Money - The Tech Report - October 8th, 2022 [October 8th, 2022]
- 200 Free Spins and $2000 Blackjack at Juicy Stakes Casino - Business Wire - September 27th, 2022 [September 27th, 2022]
- The history behind the 3 most iconic card games - Q Costa Rica News - September 27th, 2022 [September 27th, 2022]
- The Most Beautiful Casinos In the World | The Best Of 2022 - bravewords.com - September 27th, 2022 [September 27th, 2022]
- Feather Falls Casino Using Craft Beer to Fund Hopes and Dreams - Casino.Org News - September 27th, 2022 [September 27th, 2022]
- What Table Games can you find at the Best Casino Online in Canada - Novinite.com - September 27th, 2022 [September 27th, 2022]
- Can You Win Ethereum On Online Casino? - UrbanMatter - September 27th, 2022 [September 27th, 2022]
- What Should You Read Before You Start Gambling In CA? Educative Literature - Film Threat - September 27th, 2022 [September 27th, 2022]
- The 3 Most Notable Blackjack Players of All Time - Hardware Times - September 7th, 2022 [September 7th, 2022]
- Blackjack Gary Lawson given further 26 week suspension following threatening behaviour - Stuff - September 7th, 2022 [September 7th, 2022]
- Attempted Break-in by Masked Males and Gunfire Reported in Residential Area - South Santa Rosa News - September 7th, 2022 [September 7th, 2022]
- Holden student to enter UMaine with 64 Early College credits - UMaine News - University of Maine - University of Maine - September 7th, 2022 [September 7th, 2022]
- Which Are The 5 Most Played Card Games In The World? - Gamesreviews - September 7th, 2022 [September 7th, 2022]
- An Easy Guide To Win Blackjack Online Game, Read - IWMBuzz - August 15th, 2022 [August 15th, 2022]
- Bill Benter: The World's Most Successful Gambler Who Used Math To Beat The Bookies - Casino.Org News - August 15th, 2022 [August 15th, 2022]
- Not Golf, Not Hooters: John Daly Once Revealed What He Loves More Than Anything - EssentiallySports - August 15th, 2022 [August 15th, 2022]
- Here's A List of Trusted Non-GamStop Casinos In The UK - Geeks World Wide - August 15th, 2022 [August 15th, 2022]
- The best games to be found at casinos in Wales - Wales 247 - August 15th, 2022 [August 15th, 2022]
- Free Spins and a Juicy Stakes Blackjack Bonus - Business Wire - August 8th, 2022 [August 8th, 2022]
- Blackjack has 34 starting hands, or more if composition matters - Atlantic City Weekly - July 25th, 2022 [July 25th, 2022]
- How to Play Free Blackjack Games and Where to Find Them - Techstory - July 25th, 2022 [July 25th, 2022]
- Some Of The Biggest Vegas Scandals - FTNnews.com - July 25th, 2022 [July 25th, 2022]
- New Online Premium Brand in India - PR Newswire - July 25th, 2022 [July 25th, 2022]
- Sitka Gold's Step Out Drilling Continues to Intercept Significant Intervals of Mineralization, Including Several Occurrences of Visible Gold, at its... - July 25th, 2022 [July 25th, 2022]
- The history behind Blackjacks success - Qrius - July 13th, 2022 [July 13th, 2022]
- Juicy Stakes Casino Prove the Best Things in Life Are Free - Business Wire - July 13th, 2022 [July 13th, 2022]