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High Stakes Poker Definition

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Re: Poker & What stakes are considered high stakes? I don't think there's a solid answer to this question, there's no strict rule where stakes are considered high. Somewhere high stakes are 10/20.

Re: Poker & What stakes are considered high stakes? I don't think there's a solid answer to this question, there's no strict rule where stakes are considered high. Somewhere high stakes are 10/20. HORSE will most often be played in high stakes live games, in addition to select, prominent tournament series, like the World Series of Poker (WSOP). Popularity: 5/10 – Mixed games like HORSE are often played in live settings in higher stakes games, in an attempt to level out the playing field. When two aggressive poker legends each flop a set, you can expect some pretty serious action. However, when one turns a full house and the other quads, get ready to witness one of the biggest pots in the history of High Stakes Poker. This hand could be the worst poker cooler of all time!! High Stakes Cash Game Poker Save for a few wealthy “whales”, most players will never experience what it’s like to play for average pots that exceed in excess $1,000 on a regular basis. Enter the high-stakes cash game poker professional. High stakes poker games online include $5/$10, $10/$20, $25/$50, and $50/$100.

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high roller

n.Slang
1. One who spends freely and extravagantly, as for luxuries or entertainment.
3. An organization, such as a large corporation, that spends or invests liberally or rashly.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

high roller

n
slangchieflyUSandCanadian a person who spends money extravagantly or gambles recklessly
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Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

high′ roll′er

or high′roll′er,


n.
2. a person or organization that spends money lavishly and sometimes recklessly.
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high′-roll′ing,adj.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
Noun1.high roller - one who spends lavishly and ostentatiously on entertainment; 'the last of the big spenders'
scattergood, spend-all, spendthrift, spender - someone who spends money prodigally
2.high roller - a gambler who wagers large sums
gambler - a person who wagers money on the outcome of games or sporting events
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.

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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]

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 Stakes Poker Definition

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]

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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]

  1. ^ abRichard C. Paddock (February 15, 2009). 'Debt finally topples a Las Vegas high roller'. Los Angeles Times. articles.latimes.com.
  2. ^ abKate Hagan (June 4, 2009). 'Crown defends high-roller enticements'. The Age. theage.com.au.
  3. ^ 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.
  4. ^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.
  5. ^Michael Warner (May 16, 2009). 'Second high-roller deal for Crown casino'. Herald Sun. www.news.com.au. Retrieved November 1, 2012.
  6. ^Eidsmoe, John Legalized Gambling; America's Bad Bet, 1994
  7. ^Anson Cameron (June 7, 2009). 'High-stakes gamblers and the luck delusion'. The Age. theage.com.au.
  8. ^Chee Chee Leung (August 28, 2004). 'Casino glamor seduced lonely man into $1m fraud'. The Age. theage.com.au.
  9. ^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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