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J. Phillip Vogel on where highrollers can find higher
betting limits online
by J. Phillip Vogel
High rollers typically have a tough time getting their level of action online.
Not anymore.
Whether it’s the massive Crown complex in Melbourne, the palatial halls
of Monte Carlo, or the heart of American decadence, Las Vegas, there is no casino
denizen more celebrated or more rigorously courted than the high roller. These
über players, or “whales” as they are commonly called, are
the pharaohs of the gambling industry bringing to the tables a veritable treasury
for the taking.
And they represent a potential windfall for the house.
Case in point: Thomas Tay. In October 2004, it was reported that the Singapore
tycoon lost a staggering $18.2 million during a two-year losing streak while
gambling at Australia’s Crown casino. While playing his favorite game—baccarat—Tay
made bets that averaged $30,000, with the occasional jump to $100,000. That’s
per hand.
Because of the enormous profit whales like Tay represent, casinos have been
known to go to epic lengths to appease the appetites of these favored patrons,
lavishing them with a staggering level of comfort and privilege. In fact, almost
anything is at their disposal. Flights on private jets, tours via ultra-stretch
Hummers, palatial suites dripping with classical grandeur, private shopping
trips to the area’s most expensive merchants—basically opulence
on demand.
It’s a side of the casinos that all but the most affluent player will
ever see. Such is the gambling lifestyle of these fabled players. Indeed in
the case of Tay, he stayed the bulk of his 25 trips to Melbourne perched at
the top of the hotel in his favorite five-star villa—courtesy of Crown,
of course.
To the gambler of moderate means and bankroll, such debauchery inspires both
awe and envy. “Why” he asks, “is my gambling dollar worth
less than his?” It’s not. You just have fewer of them to risk.
While such breathtakingly wagers and extravagant perks are the status quo for
high rollers in traditional casino settings, for the new generation of high
roller, that is, the Internet high roller, it has long been a task—if
not outright impossible—to find a gaming site that’s ready, willing,
and most importantly able, to provide the level of action and comfort to which
they’re accustomed.
In most cases, online casinos offer no personalized attention—a feature
high rollers are entitled to—and extremely low maximum bets in comparison
to their land-based counterparts. Here’s an example of a typical online
casino’s limits for select games:
| Game |
Minimum Bet |
Maximum Bet |
| Baccarat |
$1 |
$300 |
| Blackjack |
$1 |
$200 |
| Craps |
$1 |
$500 |
| Red Dog |
$1 |
$300 |
| Roulette |
$1 |
$500 |
| War |
$1 |
$500 |
Limits such as these make it hardly worthwhile for high-end bettors to even
bother playing online. As such, it’s always been in the best interest
of high rollers to stick with the places that know how to treat them properly:
traditional casinos.
Or at least, that’s the way it was until sites like Mansion
came along.
They have made it their mission to cater to the wants and needs of the world’s
biggest bettors. From drastically higher betting limits—ranging from $2,500
to $6,000—to personalized attention via a special “concierge line.”
Mansion now has a Player Loyalty Club (PLC), an advanced ranking system designed
to identify high rollers. This will allow them to single out the “whales”
for special “privileged” treatment. “Players will also receive
welcome packages and branded gifts like backgammon, dice, and casino chips upon
qualification to each PLC level.” Finally, proven high rollers will also
be able to take advantage of extended limits service, allowing high rollers
to push past the currently posted maximum bets in favor of ones that better
suit their tastes. “We are planning to offer betting limits specific to
the PLC level attained. So each level of PLC will carry their own limits.”
Personal attention. Loss rebates. Lifestyle comps. Record limits. Finally,
an online casino has gotten it right and I will watch for more online casinos
to ‘push the limits’.
J. Phillip Vogel
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