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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]
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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
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What is a High Roller Casino?
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High rollercasinos offer loyalty programs that provide bonuses and other attractivebenefits that are customised for each player. These benefits come in many formsthat we will cover later, but they are all designed to reward your level ofactivity and spending at an online gambling site.
Unfortunately,not all high roller programmes are created equally. Our casino experts havelooked at the best high roller casinos in South Africa to provide you with detailedanalysis and comparison of VIPprograms for SA players. We’ve taken the time to examine the variousbonuses and looked closely at wagering requirements, games included, and bonusterms and conditions. We’ve also evaluated various casino reward programs, VIPlevels, point systems and other benefits and incentives available.
We provide you with all these choices along with our conclusions and insights so you can make an objective comparison and find the best high roller online casinos in South Africa.
What are the Benefits of online casinos for VIP players?
The best VIP programs provide SAplayers with personalized experiences and many exclusive advantages andrewards.
Some of these special benefits include:
Exclusive Bonuses and Promotions: VIP players receive special bonuses with preferable terms including deposit/match bonuses, free spins, cashback and more.
VIP Banking: High roller online casinos in South Africa offer their VIP players exclusive banking methods, discounted transaction fees and faster withdrawal periods.
Higher Deposit and Withdrawal Limits: VIP players can deposit more funds and withdraw more winnings per transaction. These limits will further increase as an SA player progresses to higher VIP levels.
Personal VIP Support: High roller casinos assign to their VIP players customer-support hosts that can be contacted directly and are specially trained to provide superior service and assistance.
VIP Gifts and Benefits: The best high roller casinos in South Africa are known for offering exclusive VIP tournaments, reserved VIP tables and great rewards including cash prizes, gift vouchers, the latest electronic gadgets and even luxury 5-star holidays!
How Do I Become Eligible for a VIP Program?
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Many VIP programs for SA players will accept you as soon as you sign up for the casino, but some require you to reach a certain wagering or deposit milestone before you can join. The first step to becoming eligible for a VIP program in any high roller online casino in South Africa is to sign up.
Sign up by following the simple steps below and don’t forget to claim a great no-deposit bonus:
Sign up to the casino by following a quick and easy registration process.
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Sign up to the casino by following a quick and easy registration process.
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Claim your bonus by entering a special bonus code. In some cases, the casino will automatically credit the bonus to your account.
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Check the bonus policy for available games, wagering requirements and any other rules.
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Enjoy playing for free while evaluating if you would like to play for real money at this casino.
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Check the casino’s VIP program to understand eligibility, reward points, VIP levels and benefits.
Now that you understand what to look for in a VIP program it’s time to look at what you can earn! There are many types of VIP rewards but keep in mind that you won’t find all of them in every high roller casino in South Africa. In most cases a casino will offer a collection of a few types of these rewards with some being more attractive than others:
Cashbacks
One of the most popular ways for high roller online casinos in South Africa to reward their VIP players is by giving them straight cash. This can be a fixed percentage of wagers automatically credited to your account as a cash back, or an option to convert your loyalty points into cash.
Free Bets
Free bets are a way to allow players to play a few rounds of their favourite game for free while they can still win money. Free bets are either given as free spins on slot machines or bonus money that can be wagered on both slots and table games.
Bonus Reload
Most casino bonuses are restricted in their availability and total amount, but VIP players enjoy exclusive reload bonuses which are claimed multiple times. Most popular is the reload-deposit bonus which allows you to take advantage of attractive match-up bonuses every time you deposit.
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Loyalty Points
The best high roller casinos in South Africa are renowned for their generous loyalty-point schemes that let you use points to advance through VIP tiers, collect prizes and even earn straight cash. Usually, more points are earned at higher VIP levels.
Exclusive Prize Pools
Many top-rated VIP programs offer SA players reserved game tables, tournaments and events with exclusive prize pools and a limited number of participants which gives you more chances for big winnings.
Higher Betting Limits
Some high roller casinos in South Africa allow higher betting limits on selected games which lets you wager more money on favourable bets and increase your chances of winning.
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Beyond superior services like personal customer-support, dedicated banking and luxury gifts, these online casinos provide VIP players in SA with exclusive bonuses, cashback and benefits that are worth a lot of money.
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FAQs
Check out our site for comprehensive reviews of all the top-ranking online casinos for VIP players in SA. Make sure you compare rewards and claim the best welcome bonus!
A high roller casino offers a VIP program that provides high-end casino players with a unique gambling experience including benefits such as personal service, exclusive bonuses and more.
A new player that registers to a high roller casino in South Africa is usually eligible to join the casino’s VIP program. But some casinos require a minimum deposit or wager to join. Make sure you read our reviews that cover in detail each casino’s VIP program and policies.
High roller online casinos in South Africa let you earn loyalty points for deposits and wagers. The number of points you earn will determine your VIP level and you can also redeem points to cash and other rewards.
VIP levels are the different tiers assigned to players based on the loyalty points they earned. Higher VIP levels entitle players to more rewards and benefits.