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Casinos
High-Rollin' Love
Casinos High-Rollin' Love
Have
you ever seen an online casino sweat bullets? If you take the
time to peek in on a high roller you might just do that. The
biggest threat to any casino, online or land-based is the
large bet. And I say bet in the singular because it makes a
difference to the casino whether you are a whale who likes to
play indefinitely.
As far as the casino is concerned, if you are going to make
consistent big bets, the casino knows in the long run they are
going to get their take, whether you are playing roulette or
blackjack. The Basic Rules of Probability state there is a
much greater chance for a casino to come out on top or at
least even when multiple bets are made, as opposed to a few
large bets. In other words, an online casino would much rather
see 1,000,000 $1 bets at the blackjack table instead of a
single $1,000,000 bet.
If you gathered all the whales in the world into one online
casino it would be another story. In a situation like that the
law of large numbers would begin to apply in the casinos favor.
What makes an online casino sweat, however, is the whale who
likes to drop just a few very large bets. This is precisely why
casinos like to woo their whales with huge cash bonuses, crap
loads of perks, and I dare say a few unmentionables if the whale
so requests – that’s Las Vegas for you Baby. If the casino shows
they value a whale’s business, the whale will be more inclined
to stick around and get in on more action (I am starting to
sound like a narrator for Animal Planet). It’s accepted
etiquette – And besides, no whale has a bank account larger than
their ego – They wouldn’t let themselves be so seductively
courted to begin with if they did. Whales like the attention –
that’s the bottom line – Give it to them, and they will keep
putting out.
The lesson of all this? Ha! You actually think I am here to
teach you something! If you insist, then it’s this: Don’t try to
be a whale if you’re not. If you are looking to put your entire
bankroll on a single bet, sure the casino will sweat, but you
are going to sweat more. You may win, but eventually you will
take a big loss. But maybe you are okay with that – The more
power to ya. Now, if you are a whale, you may want to consider
playing just a few hands and walking away – even if you can
afford to lose more. If you gamble often, keep a written account
of all your bets, losses and winnings - and gage how well you
fare over the long run. Enough said… See ya next time kiddies.
Ed - Views expressed are not necessarily those held by
Gamblers Lodge
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