What is a whale in gambling and why is this term so unique? Well, it is a popular term in the gambling world. If you have not heard of it, the word refers to the “wealthiest” gamblers who are willing to spend hundreds of thousands to several million dollars overnight. Yes, it is just for the fun of gambling.
In this article, we will discuss the giant whales in the gambling world. Keep reading about their lives and gaming experiences to find what makes them exceptional for gamblers.
Understanding What is a Whale in Gambling
For those of you who don’t know about what is a whale in gambling, as we have mentioned, a whale is referred to as a high roller who bets big amounts of money.
This term is not specific to a single name. Whether the gambler in question is playing poker, roulette, blackjack, or slot machine, he also can still be considered a whale as long as the bets are big enough.
In land-based casinos, whales are often treated to special privileges, which might include free drinks, private jet transfers, limousine, or even access to the gambling establishment’s best suites.
Although what is a whale in gambling never accounts for a big part of best e-wallet Casino Malaysia revenue , high rollers might expect rebates on betting turnover and losses.
You need to remember that the definition of a whale varies from casino to casino. Getting a high-roller treatment in an online gambling might require you to bring at least $50,000 or $100,000 to the casino games.
However, online gambling sites typically have lower betting limits, that means the players who deposit $5,000 or even less may be considered whales. Well, that what is a whale in gambling.
The Whale Gambling Essential Features
As you already know what is a whale in gambling and dream if you have an opportunity to see a true whale player, you will see right away that they are not like the other gamblers.
They have some dominant characteristics that separate them from the rest. Those unique characteristics are an important basis for them to make a habit of spending big on their gambling.
- They will prefer to play at the high-roller casino tables, VIP games, or even big tournaments to showcase their excessive spending, preventing regular casinos to minimize disruption to other gamblers.
- Some whale gamblers will possess exceptional gambling skills, challenging the notion that luck is the only determinant in most casino games.
- Big money is an essential part of what makes a whale in the gambling world; most people on this list have unimaginable riches.
- Indifferent attitude towards losses is often among whales, showing fearlessness when it comes to risking money.
- Obsession is a common personality trait among the high rollers, even though most maintain self-control.
Where Can You Meet a Whale Player in Real Life?
From the explanation of what is a whale in gambling above, you must be curious and want to meet one of them one time. Well, depending on the game being played, there may be roulette whales, blackjack whales, baccarat whales, or even craps whales. Poker whales are unquestionably, as they are some of the most well-known whales in the past.
In the land-based casinos, you might run into them, however, not likely in the freeroll poker games played online for real money. You will have a chance to meet a gambling whale in the following locations:
1. High Roller Casino Tables
The big resorts commonly will have specialized high stakes tables with “considerable financial firepower”. Generally, anyone who has the means to buy the game is welcome to participate.
2. VIP and Private Gaming Rooms
From what is a whale in gambling, these games are planned for a special group of participants and occasionally by invitation only.
3. Big Tournaments
Whale gamblers can be found in live, local, national, and online casino competitions.
The Most Well-Known Whales You Should Know
Whale gamblers are real people with amazing stories, if you’ve never heard of them. Many people will be startled to learn that true stories of the well-dressed man betting double your net worth on a single blackjack hand really exist. Therefore, we will show you some of the biggest and most popular whales in the gambling world.
Phil Ivey – WSOP Player
Every time a list of the big whales is made, Phil Ivey must be included at number 1. After his limitation on the WSOP circuit, where he built himself, many people recognized him. However, his tale involves much more than simply the poker table.
Kerry Packer – Fearless Gambler
As you know about what is a whale in gambling, Kerry Packer is one of them. He was familiar with making financial choices. His considerable fortune made him love a lifestyle that included making certain bets on his preferred casino games. According to many sources, he can bet up to MYR 24,000,000 on a single blackjack hand, and was an expert roulette player.
Archie Karas
It will be an interesting backstory about what is a whale in gambling, when someone gains notoriety based on an event called “the run”. In reality, the story is one that almost every beginner dreams about, but very few ever actually accomplish.
Archie Karas’ case is the most obvious example of “the run”. The success of him demonstrates that a small $50 (MYR 240) bet might take you far in the gambling world.
Archie played the tables with the little money he had and was be able to win $40 million (MYR 189,520,000). Moreover, although he participated in every casino games, he loved craps most.
Final Words
It is obviously fascinating to learn about what is a whale in gambling. Yes, it becomes more impressive when you realize that these specific wealthy players staked big sums of money at casino tables worldwide.
Even though most gamblers will never achieve these levels, it shows that, with the right amount of luck, even a little money might grow to millions. So, are you dreaming of becoming one of the whales in gambling? Or just dream of meeting one of them?
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