Sun, May 26, 2:53am by Mia Chapman
Last Updated Tue, Oct 8, 12:22am
Big Bets and Big Rewards at High Limit Online Casinos
If you like to bet big, then your criteria for choosing an online casino will be different from regular gamblers. In live casinos, high rollers are defined as players who sit down with $50,000 or more for a single session. Online, you are considered a high-roller at much lower buy-ins. The rewards, bonuses and game selection are all better for players that enjoy betting big.
This page has you covered for high limit casino gaming. You’ll find practical information, as well as tips to get the most from your bankroll. Here is what to expect:
Before I get to the practical information, let’s look at how much you need to bet before an online casino will consider you a high limit player.
High limit games at online casinos start at around $50 per bet on table games, or $10 per pokie spin. You can be on the radar of smaller casinos with a bankroll of just a few thousand dollars.
If you want to be treated as a real VIP, you’ll need to meet the following criteria:
There are different levels of high stakes players above this. If you are willing to deposit $20k to $100k, then you’ll immediately get your own host and exclusive bonus deals tailored to your game preferences.
If you bet big then the house edge becomes paramount. Even a few tenths of a percentage point can make a positive impact to your long-term results.
This is why big bet players tend to choose games with the lowest built-in house edge. Here are the top 3:
In most bars and casinos, pokies allow you to spin up to $5 each time. At higher staked casinos online, your bets can go much higher. If your bankroll will allow it, you can find pokies which let you play at $200 per spin, or even more. A solid line hit at these levels could see your bankroll shoot up.
Casino games with real dealers have become hugely popular. These are streamed in real time. You can play blackjack, roulette, baccarat and several casino poker variations. You bet via your computer – and will make decisions on how to play each hand in by clicking buttons.
Exclusive tables exist for high-rollers at many live dealer rooms. There are games which allow you to bet up to $1000 per hand and even more. If you are a real ‘whale’ then make sure you choose a high-limit casino that spreads live dealer games.
This section covers the basics of casino bankroll management, with a high-roller angle. If you bet too big for your bankroll, then you will not have a chance to let the natural swings in each game play out. This could mean running out of cash before you have an enjoyable session.
On the other hand, if you are betting too small – the wins might not be meaningful enough to make the game enjoyable.
Blackjack Stakes: This game is less ‘swingy’ than many. The standard buy-in for a session is 20x your regular bet. If you start with $5000, then you can bet $250 a hand. Many players bet bigger after a winning streak or reduce each bet after a bad run.
Roulette Stakes: Here your stakes depend on whether you are placing more bets ‘inside’ (on individual numbers) or ‘outside’ (on the even money or 3/1 shots). I recommend 20x for mainly outside bets, and between 30x and 40x, depending on coverage of the inside numbers.
Baccarat Stakes: Again, a lower variance option, and 20x your bet will be plenty.
Pokies Stakes: High roller pokies players should spin for between 1% and 1.5% of their total bankroll to avoid high variance. At a $10,000 bankroll, you can spin for $100 each time. Some pokies are higher-variance than others. Games with big jackpots (Aristocrat for example) will require a more disciplined approach.
If you bet even $1000 in a single session, you’ll be on the radar of your online casino. Whether you get a host, entry to ‘invitation only’ VIP clubs and tailored bonuses will depend on the frequency of your visits and the overall amount you wager.
Here are some of the key things to look out for when assessing high-roller benefits
You will find a selection of casino reviews here at Australian Gambling. These feature casinos which have some quality offers for high limit players. Check out our casino reviews section for the best high-roller brands.
You can get money onto and out from online casinos using many 3rdparty systems. One drawback of systems like Skrill, PayPal or Poli is that they charge fees based on the amount of money transferred.
If you are betting big, you’ll want to find a payment system which keeps these transaction costs down. Bank Wires have a fixed price, charged by the sending bank. For high-rollers, this is low as a percentage of the total – providing both value and security. I recommend you get in touch with your casino and ask to be assigned a host before you make a large bank transfer.
Bitcoin is secure, and the transaction fees are tiny compared to traditional banking methods. Setting up a wallet is simple, and once you have Bitcoin, you’ll be free to transfer in either direction almost instantly.
With all this practical information in mind, here are 5 actionable tips for making the most of your VIP status!
Kerry Packer was not only the best known high-rolling gambler in Australia, he was known around the world. After a childhood where he was referred to as the, ‘family idiot’, Packer went on to make a fortune. His dominance of sports and media broadcasting funded a lavish (and highly public) lifestyle. Packer was knowns for blowing millions in Las Vegas casinos – with swings of + and – $13 million on record. Kerry Packer died in 2005.
Another big gambling name from Australia is poker pro Joe Hachem. He won the World Series of Poker Main Event in 2005 – becoming the only Australian to become world champion. The prize for that win alone was a staggering $7.5 million. This is just one of a string of high profile wins for the Melbourne resident. Wins on the World Poker Tour and many smaller events kept Hachem at the top levels of the game.