High Roller Online Poker
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 nosebleed poker players had a field day at partypoker yesterday with the one-day MILLIONS Online #04 6-Max High Roller Turbo also taking place last night. The event boasted a $200,000. High Roller Casinos and Poker Rooms. Here at High Roller Casinos we will guide you through the often confusing world of Online Casinos and point you to the Casinos which offer the biggest High Roller bonuses and in our opinion the most enjoyable gaming experience. Our main focus is on High Roller Online Casinos and High Roller. All Slots High Roller Online Casino offers a great selcetion of games powered by Microgaming. Many variations of Blackjack, american and european Roulette, Craps, High Limit Baccarat, several Video.
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
The Super High Roller Bowl is the latest live poker tournament event to move online during the shutdown resulting from the global coronavirus pandemic. The ultra-high-stakes event will now be part of a 28-tournament series taking place on partypoker from May 23- June 1. There will be $20 million in guaranteed prize money throughout the series, with $3,000,000 guaranteed for the marquee tournament: a $100,000 buy-in eight-max no-limit hold’em event that will run over the course of two days.
The SHRB’s move from live to online follows on the heels of the success of the Poker Masters Online series. The PMO ran from March 12 – 26 and featured $16.5 million in guarantees, which was more than doubled when the 30 events of the series paid out over $35.4 million.
“After a successful Poker Masters Online tournament, we knew we had to continue the momentum with an online Super High Roller Bowl series in lieu of a live tournament this year,” said J.R. McCabe, Chief Business Officer of Poker Central. “Our partnership with partypoker will allow us to continue to deliver what our fans love – live poker from the best players in the world.”
“In this time of increased caution, partypoker’s goal is to help fans and players in the poker industry continue to partake in the excitement of the game,' said partypoker Managing Director Tom Waters.
The first 27 events of the series will award rankings points. The player who has accrued the most points after those tournaments will earn a free seat into the $100,000 buy-in event. Ten of the 28 final tables from the series will be broadcast on PokerGO.
The SHRB first premiered in 2015 as a $500,00 buy-in event which saw Brian Rast earn $7,525,000 for defeating a field of 43 entries. Since then there have been ten official SHRB events held around the globe, including in The Bahamas, Russia, Australia and China. This will be the first time the event bearing the Super High Roller Bowl name will take place on the internet.