People who have been in the gambling business for many years know that there are many high rollers. These people have been around for years, but what’s different today is that there are a lot more of them. Whether it’s due to crypto, stocks, or other financial instruments, there are more people with money now than before.
Most people believe that high rollers always have a luxury lifestyle. They also think that all of them receive different kinds of benefits and are always happy. This may be true up to a point, but being a high roller also has its hidden costs. Many do not think about those things, so let’s dive in and see everything that high rollers are known for.
Very High Transaction Fees
Usually, high rollers who choose regular gambling websites don’t need to worry about transaction fees. Sure, they may need to pay a small amount of money when they want to get chips, but the numbers are not that high.
The bad news is that things are very different when it comes down to online high rollers. Like their brick-and-mortar counterparts, these people also use a lot of money when they want to gamble. Unlike them, however, online casino whales have to use different types of payment solutions. Some of these options have a percentage-based fee, which means that clients wishing to make larger deposits will have to pay way more money.
From our experience, bank transfers usually have the biggest fees, especially if you have to use a different currency. Their advantage is that you can transact much larger amounts of money, and the deposits/withdrawals should be secure.
Depending on the online casino, high rollers may also have to pay a lot in fees if they decide to use debit or credit cards. In some cases, companies may only impose these requirements on people using a specific type of card.
Crypto transactions can also have different fees. Besides the amount that people may need to pay to the casino, users may also have fees related to the crypto exchange.
Unwanted Sttention From Different Financial Authorities
Due to the large amounts of money that people use in a high roller casino, a lot of financial authorities are often interested in learning more about gamblers. These organizations monitor their activities and what they do and will act when something looks suspicious.
Even if you do not do anything illegal and haven’t done anything wrong, knowing that someone is watching your every move is not good. Some people can’t get used to that and often decide to stop gambling because of it.
It’s Always Possible to Develop an Addiction
Although it is possible to develop an addiction, no matter if you are a casino high roller or a regular gambler, the first group of players is definitely more susceptible. Sure, whales don’t win all the time, but when they do, the amount they get is usually very impressive. Some people can get caught up in this and end up spending insane amounts of money while playing.
There are many different things you can do if you want to make sure you won’t develop a gambling addiction. Starting with using different tools, all modern casinos for cheetahs have at least a couple of responsible gambling options. High rollers can set different limits, self-exclude themselves, or even close their accounts.
Those who visit brick-and-mortar operators, however, are not so fortunate. Most of the big land-based casinos will not have any tools that players can use if they want to be extra secure. The good news is that some gambling regulators allow players to add themselves to a list. Once that happens, the casinos should not allow these people to enter the gambling halls and use their services.
Having to be Friends With People You Don’t Necessarily Like
Despite the growing number of high rollers, there are not that many of them, especially in certain countries. As a result, players who use certain casinos (regardless of whether they are online or land-based) will often have to communicate with people that they may not like. That’s because most high rollers go to different events together or participate in the same competitions.
Some whales are great people and gamble just because they like having fun. They are usually outgoing and treat everyone with respect, but not everyone is like that. You can always find high rollers who are annoying and think that the casino staff owes them something.
