The term ‘high rollers’ dates back to the late 19th century, and it was used to describe players that played high stakes gambling games that involved rolling dice. The term referred to winning numbers and large sums of money. These players were able to wager large sums of money and were not afraid of the high-risk, high-reward scenario that’s associated with this type of gambling.
Popularly known as ‘whales’, high rollers have also been often depicted in popular Hollywood movies, and the whole atmosphere surrounding high roller gaming is more lavish and upmarket. However, observing proper etiquette in the world of high stakes gambling is just as important as employing effective betting strategies that will help you find the balance between high risks and high rewards. In this article, we’ll delve into the concept of high roller casino etiquette and the common practices at sites you can find at high-roller-casinos.com and discuss how managing the risks and rewards is crucial to this lucrative type of gambling.
Bankroll Management: The Key to High-Risk, High-Reward Gambling
The art of managing risks and rewards is at the core of high roller gambling. This type of betting is all about making calculated decisions. Contrary to what many believe, real-life high rollers do not put all of their bankroll on a single roulette wheel spin on their ‘lucky number’. That usually only happens in Hollywood movies. In reality, high rollers make very calculated decisions in an attempt to maximize their gains and minimize their losses.
The one key strategy to achieve the balance is bankroll management. If you’re a high roller or have set your eyes on high stakes tables, you should first establish a clear budget for your gambling activities. Determine how much you’re willing to risk, and stick to your budget. Even if you find yourself in a situation where you’re overspending, remember your bankroll and concentrate on sticking to it. Regardless of the situation, you should never ever chase losses.
Most high roller casinos have a wide variety of casino games to choose from. However, before choosing a game, you should first do research and see if it aligns with your skill level and risk tolerance. For example, if you’re a slot game enthusiast, you should first check the game’s RTP, volatility, and bonus features. Ideally, you should choose games with as high RTP as possible and high volatility. Slots with RTP of 96% or over can be considered high RTP slots.
The volatility of a slot game represents how often wins occur in the game. In high volatility games, the wins don’t occur as often, but when they do, they’re quite big. That’s perfectly in line with the high roller concept, which is why many high stakes players choose progressive jackpot games such as Mega Moolah, Age of the Gods, and Mega Fortune.
When it comes to the house edge, some high rollers stick to the good old table games because of their low edge. For example, games such as blackjack and baccarat have a notoriously low house edge of around 2%, which makes them perfect for high rollers.
Bet Size & Betting Limits
The main difference between high roller casinos and regular sites are the betting limits. Expectedly, high stakes players require higher betting limits, which goes in line with higher deposit and withdrawal limits.
However, to maintain the risk and reward ratio, you should always adjust your bet sizes based on your bankroll and risk tolerance. You should avoid placing bets that are too large relative to your bankroll, or too small that the potential winnings are small as well.