High Roller Bonus
How To Make The Most Out Of This Casino Offer?
Online casino operators will go to great lengths to attract VIP players, also known as whales or high rollers. These individuals stand out among the various casino players in one crucial aspect: high-rollers play big and deposit big as a result. Consequently, casinos welcome these punters and do everything possible to keep them playing for as long as possible. One way operators attract VIPs includes the high roller bonus, so here’s what you need to know about this offer.
What Is A High Roller Casino Bonus?
These bonus offers are similar to all other online casino promotional offers. However, a high roller bonus is a promo specifically intended for individuals who deposit more than the average punter (usually over a specific limit). In other words, these offers are available to first-time players who deposit funds at a single time over a pre-set amount.
Types Of High Roller Casino Bonuses
When it comes to these promotional offers, players can usually receive one or more special bonuses. These promos typically include periodical cash rewards, cashback prizes, reload bonuses, free spins, and match deposits.
Generally, qualifying for any high roller bonus varies between operators and is at each casino’s discretion. However, the industry standard is around (more than) $1,000, with a maximum cap of approximately $5,000. Simultaneously, you’ll also encounter $10,000 high roller promotions at more reputable operators.
High Roller Casino Bonus Wagering Requirements
Examining every casino offer’s terms and conditions is a crucial requirement before claiming any bonus. When it comes to high roller promotions, the wagering requirements are what you would expect from most casino bonuses. Before cashing out your winnings, you will likely need to go through a multiple rollover. The wagering requirements will vary depending on the casino operator, but you are just as likely to encounter this condition for the high roller bonus as for any other offer.
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How To Get A High Roller Casino Bonus
Claiming this casino promotion happens after you’ve selected the operator you’d like to try and deposited funds into your account. However, choosing an operator that’s the best fit for your needs is more challenging than you might think. You should consider countless vital factors, starting with the casino’s license and the available payment options.
The operator’s bonus policy is another crucial factor, and everything previously mentioned warrants significant research. Instead of spending hours digging through each operator’s past customer experiences, we recommend starting your research at IRL Casino. IRL Casino is a premier online casino resource home to countless casino reviews and the latest industry information/updates perfect for finding the right operator.
How To Claim A High Roller Casino Bonus
Before you deposit funds into your online casino account, you should thoroughly read the operator’s terms and conditions section. Once you understand the requirements for becoming a high roller, you’ll need to deposit the required amount to qualify for the offer.
Your casino’s Cashier section is where you’ll need to go to see the available bonus offers. You may also need a unique bonus code before you can redeem the offer, so remember to check for codes when you’re going through the terms and conditions. This process should be straightforward, and you should be able to claim your high roller bonus effortlessly. Good luck!
Managing Risk Associated With High Roller Casino Promotions
One of the greatest misconceptions in online casino gambling is that you can continuously win against the casino. However, a casino operates as a business first and foremost and relies on profits to continue working. Its profits come from punters expecting to win big in the long term, and these uninformed gamblers are every casino’s primary income source.
Keep in mind that a casino has a built-in mathematical advantage over players despite the truly random outcomes of every game. In other words, those who are lucky (or skilled) enough to win can only do so in the short term.
The reason behind short-term wins in online gambling is variance. Using the expected value betting and advantage play approach provides a way to increase your casino gambling success rate. However, note that this approach does not guarantee long-term wins because such a feat is impossible.
Understanding Expected Value As A Gambling Tool
Online casino gambling relies on the mathematical concept of probability, and both the casinos and players can use this knowledge to their advantage. Consequently, expected value is precisely one such concept. EV or expected value is a probability concept that describes a random event’s average outcome.
In other words, you can utilize EV to determine a betting strategy’s long-term profitability. How should you interpret EV in this respect? The answer is straightforward: focus on betting only when you calculate a positive (+) EV, and a higher EV coefficient leads to higher profits.
Look at this information in the following way: the expression “the house always wins” has roots in the house’s built-in mathematical edge. Therefore, when you observe this expression through the previously mentioned EV concept, the result is that all casino games feature a negative (-) EV.
However, casino bonuses help change the winning probability if used correctly. The game rules and circumstances change when bonuses come into play and can lead to a positive (+) EV. So, using the lucrative high roller bonus lets players turn the tables on the casino with a positive EV.
How To Use Bonuses & Expected Value To Win Against The Casino
When looking to calculate the expected value of different casino gaming titles, you need to include two pieces of information. The first is the house edge, and the second is the amount you plan on wagering on that game.
Let’s observe a straightforward example. Imagine you’re looking to play a game of blackjack with a 3% house edge. If your total wager amounts to $100, casino gaming theory states you stand to lose $3. However, since variance plays an enormous role in smaller bets, the amount you lose could range much more significantly.
On the other hand, increasing the wager amount to $10,000 (playing 1,000 games with a $10 stake in each game) will approximate the loss closer to 3%. So, how do you apply the EV calculation when a high roller bonus comes into play?
The formula is as follows: EV = Bonus – WR x Casino House Edge (%).
Therefore, let’s assume you deposit $100 with a 100% deposit match bonus and a 20x wagering requirement on the deposit and bonus amount. In this case, you must bet $4,000 before you can cash out.
If blackjack is your game of choice, the calculation is as follows: EV = $100 – $4,000 x 0.8% = (+) $68. However, choosing to play European roulette will lead to the following calculation: EV = $100 – $4,000 x 2.7% = (-) $8. So, you can expect a negative EV if you play roulette, but a positive EV if you choose blackjack.
Therefore, the choice is obvious – you can expect to win against the casino in the long term if you choose blackjack and claim a high roller bonus. Regardless, you can use the EV approach to calculate your winning potential for every casino game if you follow this method. Good luck!