Bitcoin Forum

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Quite surprised to see consecutive high roller of above 20BTC on a single wager. Have any of you come across such big wagers in real-time. Came across this while spending time watching the high rollers on the bets tab. Have anyone came across such big bets, and I don't whether this player have managed to make a win or not. :o

I haven't but probably that's one of the biggest that I can see from others post. Whoever that person may be, that 23BTC is just like a spare money to him.

It's possible that it came from his winnings before or just plain holdings that he decided to gamble and he can gamble that easy with that amount. That's a life fortune there.

I have seen it many times on top casinos and you can see these stats on top casinos in the industry, they have no worry about betting a huge amount because they are playing in fully compliant and well-established casinos.

I have suspicious of a newly opened casino or casinos or casinos with a lot of bad reports showing huge stats or bets this is just to entice people that they have high rollers that can bet huge amounts, high rollers know where to play, they are also thinking of doubling their bets.

i have seen that several times at stake or maybe im not looking at other casinos. but this amount is no surprise anymore at stake. we don't know the background of this player but if he can afford to wage that amount, high likely that he got good winnings as well. he won't put up that tons of money if he can't afford and if he has not experienced big winnings yet. with this amount, we know that stake can take care of high rollers.

There are always certain high rollers active. Then it is to be hoped for those players that they have some luck. The amounts that I see on the images here are quite high. There are also people who might easily miss that money, who have become millionaires by investing in cryptocurrencies, for example. I have often read that Stake is played with large amounts of money. That means in any case that it is possible to bet with large amounts at Stake.

I've seen some in Just-Dice and Primedice alright, and it was years ago when bitcoin was still worth $10,000 a piece. 10 btc per roll and it lasted for an hour or so. Just forgot who that user was but he was legendary in the platform and a household name since I've known the site. There was also this guy in Nitrogensports showing a 300 btc slip for GSW back in 2018 which won. Not a lot of USD value back then but still a huge number nonetheless.

I have seen way bigger bets (on youtube tho) but they're usually all winnings smh.So i guess we're not meant to see this

Yeah, I have seen those kind of big wagers before, of course for gamblers like us, just average joe it's awesome to see those whales playing big money and you just dreamt of being that gamblers, LOL. And usually if there is competition, you will see it real time and who is the real whales with huge amount trying to win the wager winning competition.

Crazy stuff. And probably only Stake has the capacity to bankroll this sort of bet consistently...

There used to be a lot more 20 BTC bets I remember from the early days of PrimeDice, and Just-Dice would even occasionally get triple digit bettors (one of whom was playing with an exploit IIRC). But that was ages ago when BTC was worth peanuts.

Just shows you how mainstream crypto gambling really is nowadays, that these millionaires are willing to try it out.

damn, stake's high rollers really are on a different level. I wonder how to rich these people are in real life.

why is the multiplier is showing 0.00x? I thought it was because the gambler was "hidden" but then when I visited their website I saw gamblers that are also "hidden" but show what their multiplier is. would anyone care to explain/clarify it?

23 BTC is so huge, probably Satoshi himself gambling at Stake. ;D

He lost the bet, got zero result, so the payout is also negative.

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Anyway, for small time gambler like me, I wouldn't risk too much money. Even if I somehow manage to be a millionaire, I won't become a high roller. That's just my principle.

Based on the dashboard it looks like coming from Stake, there could be high wage than what you've shown us right now remember Drake bet hundreds of thousands on Stake.com it's normal to see 10 to 20 BTC in the top casinos, these are the casinos where high rollers choose or prefer to play, in the future when Bitcoin hit the $100k mark we'll seldom see those numbers, maybe in the past there are wages that go up to 100BTC or 200BTC but that was when Bitcoin is still in 4 digits

That depends on the max bets of the casino as some players have their own bigger set of limits. If Stake is willing to allow bets higher than a million then it's probably possible to see the same numbers even if Bitcoin goes up later on.

Somewhat, back when I used to be active in Nitrogensports there's one active high roller that would always post his max bet on the chatbox and when you open the betslip it would go for like 50-100 BTC payouts. The price wasn't big back then but the value in fiat was around a hundred thousand at the very least.

I don't remember ever finding a big bet like the one you find on that site. Maybe I've found it but I don't pay much attention or have the curiosity to find out who is behind the high roller. I can't imagine how much BTC he has so he can casually use 20BTC. That's a huge amount of money, and it's almost $854k equivalent.

But sometimes I wonder how the high roller will feel if he suffers a big loss, whether he will feel very sad or will it be normal.

I wouldn't risk that much money on a single bet. A $1M could be my budget for my whole lifetime but we shouldn't be surprised there are a lot of people that spends so much money in sports betting also we can think that maybe the user holds a 1000 BTC which he bought few years ago.

Really surprising to see there are gamblers who can afford such bet sizes at crypto casinos. There are wealthy gamblers around, indeed. For me it's insane and surreal to imagine someone could place almost a million dollars in a single bet! I've never came across these big wagers and I think they always make sure no one come accross them so easily...

At same time, it must be painful to lose more than most people are going to earn during their entire lifetime in a single ephemeral bet.

Some people are just very rich and gamble very well with high amount of money, I do think at times if this will never be problematic for this kind of people. I have seen high amount of bitcoin used for a single wager plenty times before and even till now, some people uses 1 BTC and above and such people are playing frequently. I hope this will not make betting addictive for many other people.

Its their money so its their choice or things to make and its none of our business whether they do win or lose but it would really be just sad to see someone who do really affect their finances.
Speaking about 23 btc wager or bet then you could say that this user had thousands or hundreds of btc on his stash.You wont really be having the balls if you do only
own a few.Yeah, its amazing to look at but at the same time i do feel sad which made me feel that on how poor i am into this world. hahahaha

That is a crazy bet, I think. Who wants to bet using that amount if that person is not very rich and had man bitcoins. I can only dream if I had that many bitcoin, I would not use them for playing gambling instead just keep them in my wallet. That person is really a real gambler and doesn't think much about the losses, and I think if he losses, he may use the other bitcoin to continue gamble.

Never seen this kind of huge bet before.

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I guess that's why they are called whales, they are willing to risk big and know how to lose big as well. Probably just another day for them, and for sure they will be back to play again after losing that huge amount of money. But for us, we wouldn't even think of betting that kind of money, just a few sats and we are satisfied.  ;D

I would believe it if it's coming from the top casinos but I have stumbled over 100 BTC way back when Casinos are adopting Cryptocurrency, 20 Bitcoin at the current price is rare, in the future, we'll never see that figure or number when Bitcoin hit $100k or more.
But I would not even think of putting up that huge amount of Bitcoin you'll have to be very rich to bet and who knows one guy dropped here and posted that kind of number.

Damn that is really huge mate, I remember when i was still playing In roobet there are some wagers that amounting at least 20-30k per roll and that is insane for me , considering that the price of Bitcoin back then is about 5-8k usd meaning that 30k is amounting 4-5 bitcoin , but this one is 20 Bitcoin per roll? that is about 800k? wow  this is really a Whale playing  ;D
wish they will share tips in every doubled or tripled wins  ;D

Wasted almost 3 millions dollar in 3 seconds only, what kind of gambler is he?
He must be a multi billionaire in real life if the bets are made with real money (not sponsored money).
Hope this gambler is a smart and responsible gambler who can accept any result and the result wont affect his life.
It is really hard to believe there is still someone who is willing to risk million dollar in single bet but of course it is because I'm just a poor gambler who can bet no more than $50 per bet :) so a million dollar bet is just beyond my imagination.

Not often, just a few times seeing high stakes on some current or past crypto gambling websites. Like that I think if professional gamblers do their gambling, they can manage their finances in any amount and the possibility of a roll that's before they have won. Can't distinguish whales or professional gamblers because they are actually equally rich.

I've never seen stakes this big before. I didn't even think anyone was capable of betting 23 bitcoins.  :o

If I had that much money, I definitely wouldn't have allowed myself to risk it. Apparently this person's finances are great so he can risk that kind of money.

We could probably see more of this back in the days when BTC was just less than $100 but if it happens very recent just like the images, that user is either stupid that  has a lot of trust to the casino or the owner playing in the casino itself.

In some casinos, you are already classified as high roller when you bet $500 worth of BTC. With 23BTC, you are considered a whale this time. You'd be lucky if the casino won't ask your KYC before you could try withdrawing.

Agreed. That's too big to bet on a roulette especially he did lose 3 times with same amount. It's either he is competing on wagering tournament that has a massive prize or he is an inside player of that Casino to attract players. I doubt normal player or even whale will bet that high amount on a single bet without anything to get in exchange for that huge loss. He can just stake it and earn passive income if he has that huge bank roll ready just to burn in the Casino. If this whale is legit, He is in a different level of gambling addiction IMHO because he is betting almost 1M on roulette which is higher than Drake bet on Stake.  ;D

Yes you will be able to see high rollers in stake all the time, there is one user who is wagging 1000 Bitcoin on a daily basis for the past several weeks and winning the daily competition by a huge margin and the biggest bet i have seen recently in stake is on a sports bet which was a silly bet actually from a user who wagged a bet for 80 Bitcoin for a odds of 1.17 something and ended up loosing them last year.

Of course this is an absolutely insane bet for most gamblers. But anyway I just want to know if crypto casinos will be able to pay gamblers like this if they win the bet? He can lose 20 btc in one bet, but he can win 3-4 times the amount of his bet. It is about maximum payout.

Most probably, some of it came from his winnings and some are from his hard earned money. People who bet this huge amount might come from high standards of living and has nothing to do with their money than to gamble. So no pressures even if they win or lose at the end, the fact that they enjoy it, its definitely fine. This is one way of making a fortune too once they get lucky and win twice their bet.

Whenever I take the time to take a look I see something similar, I do not remember seeing a 23 BTC bet but I have seen several above 10 BTC made by the same players, so they are either incredibly rich and it is just spare money for them or they are literally gambling all their money at the casino, but whatever the case this should show us the incredible popularity of this industry, as even if there are many small stakes players which make small bets there are also a lot of high rollers betting hundreds of thousands or even millions of dollars as if it is nothing to them.

Dang, that's totally a lot of money for me.

I don't have the guts to gamble with one spin or roll for that amount.

Yes, they can.

They have minimum and maximum bets and if it's on the rule that the gambler doesn't have any violation and he wins the roll very clean, they'll absolutely going to pay him. That's part of the business and it's also the reason why it's making others interesting if someone as big as this bet comes out as a win.

Yes, that's possible that he's the type of person that you've described but another one is the sad part and you know what to think about it.
But if he's the one from based on your description, so then yes there's nothing to worry about if he's winning or losing that much because he's the one who has rolled it and gambled with that amount.

Surely we can't 😀
Even if I had more than $599k balance, I shouldn't bet more than $100 per spin. I am OK with $3 max $5 spins, but going over $10 makes me uncomfortable in case of dead streaks happen back to back. The high-rollers don't even care about raffle prize each Saturday, they don't chase losses because this is what gambling means for them, IMHO.

Wow,it is fascinating to see people who gamble like 20 Bitcoins on a single bet which is like 860.000 dollars and this amount I know for sure if I work for another 30 years with the salary I am getting I will never make it.It is also sad when you see people that waste such a big amount of money at a single bet while most of us are scared when we bet like for like 1-10 dollars for a spin in the casino slot games.

it's absolutely impressive see such high rollers.
even if they play such huge quantities, they do not necessarily have a better quality than the average bettor ::)
I find it strange to have played them in "speedy roulette".... I mean, the player is spending so much money, he/she could enjoy the moment... however the loss of 3 milion of usd is always a big amount even if you are already rich and not counting money anymore.

This is all about the holding of the gamblers. If we were big bag holders, then we might also be doing such kind of big wagers. As you've said, truly it is big amount for a common man who works atleast 8hrs everyday. Even for a $1 bet my hands used to shiver, because we fear of losing. Three consecutive loses and further whether he won or not isn't known.

I've seen such bets in the past but back when the price of bitcoin wasn't yet this huge compared to today's price which is $40k. That $800k+ bet is surely from a whale having that much money in his crypto pocket/s to spend, it isn't for the faint-hearted kind of bets. I think this is my first time coming across such kind of a huge single bet, it's a grandeur.

Crazy game. And not in sports betting where you can hope for some kind of analysis, but simply for good luck. Obviously, this was not the last money for him. Or maybe the owner of the casino himself played it, so he did not risk anything, but only shifted money from one of his pockets to another? For me, these are exorbitant amounts of money, so I have no adequate explanation.

Yes, I always see that on stake casino, that is a normal thing there because stake was one of the biggest crypto gambling site. They have enough funds to pay the big winners if ever they won. Drake the singer, have played there last time and I think his bets are more than this guy but stake still manage to process its payments and now that drake is one of the official partner of stake, pretty sure more whale gamblers are going to play on this site.

Let's watch out for that in the high roller tab. In the case of that bet in your pic, all three bets are losing so I assume that the guy was losing. Another way to find out is by asking him directly but they won't likely respond. Seeing them raining coins in the chat, can be a sign that they are winning.

Good bets! I wonder if this is all the bets he made or is it part of a much larger series? For some reason, it seems to me that the second one, since such bets are usually made according to the principle "won - lost - won - etc." until a complete loss or a big win. I would like to believe that he also had victories because the size of the bets is absolutely unrealistic for most gamblers.

What work? Signature campaigns? But, if you have another work then that's good and what if you converted that in bitcoins and hodl it in the next 30 years you might achieve that 860k dollars since the value of bitcoin is expected to be at 1 million dollars or maybe more than that and you don't know what if that person that is betting huge will become a gambling addict and go broke few moments later? So, cheer up and don't compare yourself to him.

We are scared to bet more simply because we are not that wealthy enough and also because we don't take gambling seriously but for us it's okay to play with a little money because our goal is to have fun only and past the time.

I've seen many crazy stories out there where people are so swimming in money that they take such risks and will rarely give it a second thought, however it is extremely wasteful and selfish. That's enough money to support several hundred people for their whole lifetime in some poorer countries, just frittered away. I suspect some of these players likely bought Bitcoin a long time ago, or may have even hacked those funds and are trying to clean the money by cycling it through a casino. Alternatively it could be a glitch in the site or maybe even a ploy to draw in unsuspecting players who hope to be on the receiving end of some payouts after the casino made such a big score.

Lets just embrace and accept the reality on which there are people who are hella of a rich guy and dont mind much on how they do gonna spend their money and for us people who do earn low or does have simple type

of living and simple type of level of finances then it cant really avoided on not to getting jealous or envy into those people who do much more money thats why sometimes due to that
we do make out some criticisms and lets just accept on that.

Gambling funds and investment is two different matters thats why its not really that much accurate on knowing on whats the mind of a particular person who do have lots of funds.

That’s a huge single bet and I’m curious about the site, which site is this?
I’m wondering if the site can still pay them if all of those three won on their bets. Most probably, they are whales who are into gambling and for sure, gambling provides them Money and that’s why they place a huge bet on that game.

i will be suspecting that a casino is using some ploy if the casino is just a small one. but with stake, not because i am promoting them, but because we do have seen some of the big bets on this casino. they can very well afford to accommodate those big bets/winnings.
anyway, it is not our business to know where the money is coming from. if they lost such amount, it is on their account. but i understand, that we are still overwhelmed seeing those high rollers just gambling such amount where most of us can already live comfortably for the rest of our lives using that amount of money.

A bit common sense that these kind of betting from a particular player then the main things that we would have in mind is that neither this guy had mined lots of bitcoin on those early times or able
to invest and accumulate as much as he could because no one would really be making out these big bets if he do only a few coins because it would really be just a waste of money if he do
spend most of it on gambling site and high rollers is really something that really amaze you to look at but at the same time you would be having that regret on the time they lost.

Amazing though!
that might be one of the reason they are called big shots. I am sure they have very strong nerves they are willing to loose big and they are willing to win big.  They are the trendsetters what we need are the finding and speculation and that’s it we are happy.

That was really an impressive bet to see and I think it won't hurt that much to them. Surely, while doing that kind of bet, they already win in some cases. These are high rollers in the first place and expect they have a big bankroll, to begin with.

We just have to watch them as no high rollers lurking at this forum or maybe just a silent.

Want to see real feedbacks from real high rollers and I hope they will bother to response here to share some of their views. :)

Maybe they are just observing here. But I don't think these high rollers have the time to write and post on this forum, unless, they have something to say or complain. Just like some newbies complaining they haven't gotten their big withdrawal. Otherwise, they won't bother checking out this forum. If they are high roller, for sure, they already done their part of researching the casino because most casinos are requiring kyc for high rollers.

Yes, mostly these high rollers don't have time to give the internal feel when they wager with big amounts. By the time of writing a post about his view, he/she might wager fee millions. The KYC is upto the user and there is different levels of KYC, based on which we'll get additional access. This is much about the bonuses and nothing much. So, in my view these high rollers will never think of bonuses and will play without KYC.

I can't stand seeing those bet amounts. That was crazy. Is that what high rollers really look like? Even though I have lots of Bitcoin on reserves might hesitate to bet that big lol. They are truly amazing and I admire their guts to place bets like that.

Those high rollers maybe already unlocked the highest possible tier on VIP on their respective sites.

I don't know the benefits but maybe those are really big providing they are spending so much on the site.

That made me think either maybe there were earlier bets that he has made and they're larger than these.

IMO, that's for sure that he got wins as he has bet with such large amounts. Well, I guess all of us wants to hear from him on what he's thinking and if this is just a smaller part of his bankroll and there's actually more to it and he's part of those silent whales that are happily gambling and having fun with their fortune.

The bonuses adds up for the high rollers but I think they probably get a different bonus compared to the regular players as casinos send them special care packages or something similar. I doubt high rollers don't think about the bonuses but it's probably less of their priority when they have so much money to spend.

The same goes for KYC it's one of the requirements they need to have if they plan on spending a lot of money on a casino and play with little to no issues as most casinos won't let you get away with playing hundreds of thousands of dollars without KYC.

20 Bitcoin is a damn High amount , this can be my lifetime funds to live in best way i can have,  I even cannot accumulate a Whole Bitcoin for 3 years now though I am spending some of those sometimes so I am not able to get a whole pack.

But this player? He is sick betting 20 bitcoin per roll , how i wish that gamblers like them can spread some small part if wins so extending their giving to smaller gambler will really appreciated .

Its what this highroller has to worry especially because the casino can hold his balance until verified. Some casino even make it difficult for users with less than $5K. Very risky to do something like this. But I would assume him having the nerve to do this means he has tons of BTC to waste.

Could this just be casino marketing?
Lets say he is a youtube influencer betting in the casino which this 20BTC belongs to the casino after all?

High roller like this usually undergo KYC due to the amount he is wagering if the account is a legit player. You can’t freely use the Casino and bet that huge amount without complying on the AML as this is stated in the law that’s why Casino ToS indicates that they may apply KYC to any user in any circumstances besides this whale is obviously used to submit KYC especially when he is withdrawing his asset to fiat from exchange. It’s so hard to avoid KYC this time when you have that huge amount. That’s the least thing he needs to worry.

I realize that betting for 1 BTC is already a big bet, and this is a Whales using 23 BTC to bet. Truly someone who dares to take big risks. I guess he must have a lot of BTC in his wallet and if he loses those 23 BTC, it won't make him sad. But still, the amount of 23 BTC is very large when converted to fiat. I can only imagine how much money that would fill my computer desk, hahaha.

Probably not and most of the users are not stupid enough to do those kinds of decisions. That is a big-time decision and a life-changing for better or for worse, as if like he put his destiny on the table. I think it was just an ordinary billionaire who used to gamble a huge amount of money, we already know that our world is different from theirs. this is just a cent for them where we are counting it as a fortune.

That's only stupid when you lose lol.
Rich people, millionaires and billionaires has been gambling their whole life not literally but what they earn from their business it always goes to venture for another business to expand his earning potential.
Now, these kind of bets are for those who have an excessive amount of money and looking to multiply his capital instantly.
That's crazy right, for us that's stupid but for them thats an opportunity.

You can easily say that a casino is very popular and on top, if they have high rollers betting that huge amount of money, that is why casino operators give importance to their VIP because their equivalent is 100 or more average bettors huge numbers of VIP means the casino is very popular, reputable and considered top in the industry, we can count on our fingers that reached that status.

I’ve not seen anyone personally placing such large bets with bitcoin, though the truth is a lot of my friends still bet using traditional methods such as using fiat on sites like FanDuel and BetRivers for example. Now I’ve been to Vegas and seen some pretty major bets having been placed there, but I didn’t personally know these individuals. I’ve seen some of them win some insane amounts of money as well. Wish it was me!

That can be a factor but there's also something to doubt about it. Because if a new casino does have suddenly got a huge bettor and instantly bets with the same amount.
We won't think of it as they're a popular casino despite being new. We can think of it as it's the devs way of marketing their own casino for having such huge bets to attract other bettors.

If so, it turns out that his bankroll is at least 100-150 bitcoins. And if we assume that he does not play for the last money, then this is a real multimillionaire or even a billionaire (this is very cool and indicates an adoption in my opinion). There is still a possibility that he received his bankroll as a result of some crazy winning, but this is not very close to the truth, since an ordinary person would rather withdraw the funds won than continue to play but already at fantastic limits.

That is why every casino that has players with high rollers will provide more service for them so that they can still play with big bets. When it comes to VIP, it is a difficult thing to achieve, especially for gamblers who do not have a large capital. It will only exist in our dreams ;D

But once we get VIP status, we can get various things that will make us more comfortable playing. And, of course, that casino site will benefit too.

wow, to be honest with you mate i've not seen anyone placing such amount of money especially when it comes online gambling and for such game wherein very risky..
That's amazing tho, and probably they're really rich and can afford to lose such amount of money.. And i am very sure that platform is definitely a legit one for big gamblers because no one will trust in if it's not reliable platform.

Yes, I immediately thought of KYC when I read this news. There is no chance of "anonymous" playing with that amount of money. It turns out that someone with many millions of dollars is fully verified in a crypto casino and prefers blockchain betting using cryptocurrencies. This is good news for everyone who believes in cryptocurrencies and their further widespread adoption.

I've seen high rollers lots of times and I was always impressed by how they risk their huge funds as long as they're enjoying what they're doing. It was actually entertaining to watch them though there are really times that you'll regret if they lose a huge amount as well. Reputable casino sites usually have lots of high rollers and they're actually the life of each casino site.

Thats really big. These are users of the early stages of bitcoin. During those days there won't be much of adoption, those who kept hold trusting in bitcoin are now enjoying it through wagers. Upon the way the user have wagered it looks like he's considering a single bitcoin similar to a dollar. Because even the richest holding big money will doesn't like to loss money.

Crazy stuff. HOw much money they would have in their real life?
I have never seen such big wagers before.
PRobably stake has the capacity to bankroll this sort of bet consistently.

That's a lot if that's an accurate one with that speculation.

But as said, we'll never know on how much he really got. And whenever there's someone that surprises us with such amounts, it's always interesting to know that person and the other information that we want to know.

Well, we're for that but it breaks the purpose of decentralization on it. It's just so funny that we're all for that because someone got to hold that huge amount of bitcoin and gambles it.

Although there are whales present in this market who are holding btc back from 2013-15 period when it was way too low in prices so they don't care in spending them at this rate.But this is one of those big wagers I have seen like 23BTCis really big amount even for big players and that also in single bet.

Casinos that are not popular have a less budget because they didn't work on promoting their casino. If you are a big player, you will hesitate if you will play on that type of casino because you think they can't afford to pay your winnings. Casinos that are properly advertised can be easily seen by the people and they will play on it once they see how big that site is.

VIP won't be called like that for a reason but VIP means "very important person" but casino's come up with a different VIP level. If your level is low, you won't get the best treatment or benefits but casino owners are still thankful to VIPs because they play actively and deposit more money compare to non VIP players.

But still, we people who don't have a large amount of Bitcoin will feel that 23 BTC is just for gambling. If we have 23 BTC, we have a plan that we want to achieve in the short, medium and long term and we will think about our future carefully. That number gives me jealousy and I'm sure we must have always dreamed of owning more bitcoins. But never mind, it's happened and we can wait to see who else will place the big bets.

That was almost a million dollar and I don't think I can earn that even if I tried to, well it was really bad that it was a lost bet but I think it is no big deal to him no user would gamble that aside from millionaires, I was just curious what is a speed roulette is it a casino game?

There are numerous justifications for wagering such this big amount of money. The first thing that comes to mind is that he is being greedy? The second reason is that he believes he is extremely fortunate today and is confident that he will win, and the third reason is that he is in debt and wishes to recover all of the money that he borrowed to pay it. Well, this is the most obvious reason that came to mind, but I haven't seen a single bet that is as large as this one, and I don't pay much attention to other people's bets because I get jealous when they are betting more than I am and tempted to bet even more.

That are really big bets, he must be a true whale to be able to afford betting 800.000 USD in one single wager. I am pretty sure someone who can bet so much must have won in the past, otherwise how can he afford it? Selling everything you own for one single 20 BTC bet seems very unlikely to me. The only story I remember was a guy on youtube who sold his house just to put it all on Roulette. Sometimes I like to check also the bets from others at casinos but never seen such a large bet before. A few times I see people bet 0.5 - 2 BTC which is already a high roller in my eyes. And then there are the super rich celebrities like Drake who post their betting slips online, which is always nice to say. But in the end gambling wagers are just a percentage of your total networth. So for the average Joe like me with only small savings betting 100 USD is already a big bet. And if you own a few hundred millions with multiple houses, cars and yachts then betting 500.000 USD is not that much anymore. Everything is relative in life. I wonder if losing 20 BTC would really hurt such a whale.

What if the bet was a regular one or average on all this user's bet? I don't think it can be called greediness. Being fortunate or lucky for the day is what people thinks in the first place that they want to risks huge amount but I think there might be a reason you haven't included like this user is some kind of a gambler that take huge risks or a real life billionaire, something like that.

Amazing that someone with 20BTC verified his online casino account which some people are not willing to do it. He must have a great trust to this casino.  If I have that amount and willing to gamble it all, I would prefer to go to a real casino and play there. This might depend to where he is from but aren't winnings from casino subjected to tax?


Billionaires often don't mind where to spend their money. It only becomes a habit to spend on something even when they don't really need it. He could just be enjoying his money like Elon Musk spends billions on twitter shares, he didn't even join the board member meeting. 

Our feeling is not valuable anymore to comment on how the user bet that money. We should not feel jealous because we don’t how he get that money, Maybe he is a boss on a big company so his salary is enough to cover his loses and also this kind of whales usually have passive income coming from staking on DeFi. They are just spending some of there funds to have fun or participate on contest with greater rewards. Personally I don’t care about this whales and focus on my own financial path. We have different path in life so it’s better to focus on our own.

This is not surprising I see someone in Bustabit place bet with more than 30 BTC which I think is more than a million dollar but his risk was very low I think 1.02x unlike this user from the OP the risk is much more higher and he definitely lose it that is the bad thing about it but I am sure that it was just like a few to him.

Do you mean this user's bet is the bet he always makes with such a large amount? If so, that was the amount he could bet. If they wanted to take that big risk without thinking about what would happen if they lost, it wouldn't be a good idea, even if they were billionaires. But it could be that a billionaire who has a lot of bitcoins wants to throw away his bitcoins by gambling because he is confused about what he will use his bitcoins with. But sadly, we never know which user staked such a large amount of bitcoins and how much he already used to gamble.

In most countries, casino winnings are taxed, but I think it is up to the gambler to declare such winnings. If he's not from the strictest jurisdiction like the US where you can get a real criminal sentence for tax evasion, then it makes sense to try to evade it. At least I would try to do this, with certain amounts of winnings, you can even leave the country of residence and "forget" about taxes.

To me it was a crazy bet and I thought it was worth the payoff, because for the whales it was a mediocre win and bet and even though there have been some big losses in the past, they believe big wins will definitely come their way.
So for ordinary people it is a crazy bet and they will think what if they lose, but for whales or billionaires they just bet on the money they have too much and try to bet luck and even if they lose it will not run out and they bet with his wits.

Many people are not capable of making that kind of money in their lifetime so this rate is really astounding. I would assume that the player could have made a mistake when placing the bet, but he made three identical bets in a row, which indicates a deliberate game. I'm afraid to imagine how much this man can spend at the casino in an evening. It all seems somehow unrealistic.

If it's a whale at gambling then I'm sure he probably has more money than he spent on those 3 bets. I don't think it's greed if he actually has a strong bankroll, that's natural but seems so far-fetched to the average gambler.

The question is, can the casino pay out if the bet is won at 5x multiplier. How can it not hit the casino's maximum payout?

The character of gamblers is generally in risking large funds because they want to return losses or all at once to gain profits. But the big whales are the exception because they can do anything without analysis and consideration other than just having fun for the chance to win the bet. However it was a crazy decision to risk the equivalent of 20 BTC in gambling and he may still have 5x more on his gambling account balance.

I really think that it's a justifiable possibility because without a big balance in his account then such a big bet is the craziest thing in his life. 20 btc per bet is a pretty insane amount for most people to bet, but there's probably a few things we can speculate about because maybe it's a whale or someone trying to win a bonus or something.

Whenever a whale do play then we dont know if they are in profits or losses unless if there are some stats on where it do shows on a certain players history and profitability but thats of course removing that anonymity

which no surprise that casinos does have that option for you to hide that information in the public.Whales doesnt care on how much they would be betting but for us average gamblers then its really good to look at

on how these big time fellas do make out their bets and it  seems that there no tomorrow.

Obviously, since the casino accepted this bet, it was ready (had funds) in order to pay out the possible winnings. As far as I know, casinos constantly check their balance and, depending on this, there is a certain winning ceiling for which a player can claim (usually this is all written in the ToS). I can assume that everything was according to established procedures.

It is fine to only concentrate on yourself as only the money that is in your wallet has any direct effect on your life, but if I am honest I am indeed interested in something like this, after all making a 23 BTC bet either requires you to have so many bitcoins that such a loss does not affect you or it requires that the person behind that bet is disregarding everything else and putting almost all their money towards gambling, and regardless of which is the truth both scenarios are interesting to me.

Maybe that's not the case for all gamblers and only some gamblers will risk big money because, for them, the challenge is very interesting to try even though later they can lose all the money. But for the big whales, it's not a problem for them because they still have a lot of money to do it again and sometimes, they can do it again right away if they lose. Maybe for us, it was a crazy decision to risk the equivalent of 20 BTC but for him, it might be a common thing.

If I had that much money to spend on Gambling 23 BTC? I would literally complete my education and buy a house for my family. I am sure whosoever is that person, he is exceptionally stable and therefore can afford to do that. At the same time I did make a 20$ or more wager ofc, considering all or none sometimes to see if I would win, unfortunately didn't happen till now, therefore for me this strategy didn't work.
I do think that is genuinely a waste of 23 btc, not kidding. Like for real, I support gambling but at the same time maybe, use that 22 BTC somewhere else but then again I know nothing about this guy's family situation or anything but in no position to judge but guys don't waste that much money on gambling. It's wonderful as a hobby or something as a stress buster but a hobby must not be that expensive.

I'm dreaming that I can bet that kind of money, that's the big difference between playing online compared to playing in a physical casino, everything is transparent and recorded, and every casino wants to have whales that can bet huge amounts because it's a mark of the highly reputable casino when gamblers are putting in a huge amount of money out of trust from the casino they're playing.

I think the casino algorithm has the ability to check the balance available for payment in case of winning otherwise it may be an unpleasant situation where the client won and the casino has nothing to pay this winnings.

As practice shows casinos have enough money not only to pay for big winnings but also to spend huge money on promotion companies.

We should disregard our own approach on that kind of amount to those who afford to spend it. It's something out of our line.

Surely, what we think is stressful and considered an expensive hobby for us is not really a big deal for them. Big whales really have the ability to circulate that kind of amount as in the first place, they are really dedicated to that the moment they use the gambling platform for the first time, regardless if it's online casinos or physical ones.

On a positive note, those whales play a big role in the site's revenue.

Man, that is just crazy to witness that there are people who see 20 BTCs as something like candy- they can just bet them without breaking a sweat. I guess that these kind of gamblers are the ones who have nothing to lose- where they see gambling purely as a form of entertainment. Since they can bet large amounts of BTCs, I am assuming that these people are definitely rich; or they just want to feel the adrenaline kicking in.

Regardless, this kind of betting should be avoided especially if you are not included in the top 0.1% ultra-rich people in the world where they can purchase at least anything. As far as I know, 20 BTCs is around $800,000 which can actually purchase you almost all things in life.

I seldom check high roller's wages but it's not surprising really they are not high rollers if they are not betting hundreds of thousands of dollars, it's nothing to them, these are millionaire's lifestyles but these high rollers are betting more on physical casinos to show off to audience how rich they are, but on Cryptocurrency casino it's anonymous unless these high rollers posted their wage via screenshots on their social media account to show off people.

I understand what you are saying as if I had 23 BTC to spare then I would use that money for something else, however if the person behind that bet earned that money legitimately then they can use their money in any way they want as it is their right to do so.

After all 23 BTC is a huge amount of money no matter where you live and you can do a lot with it to the point that if you lived in a country that was too expensive you could always move out of your country to a cheaper one and probably never have to work ever again, especially if we consider those 23 BTC will get even more valuable in the future as bitocin goes up in price against fiat currencies.

As long as gaming transactions take place inside the casino, it is impossible to track a specific player (unless he himself reveals himself). Undoubtedly it is intriguing. I think if this information were available then we would see a lot of "breaking" news about how "the son of a politician so-and-so lost a million dollars in a casino." Probably, online crypto casinos will always at least be a niche for such players, because in regular casinos information about high rollers is more likely to "leak".

I would always expect a person that is betting 23 BTC to have a lot more money and to not be heavily affected if he loses that bet. The idea of betting everything you own on single wager is frightening to me. Of course it is his money and he can do whatever he wants with it. But that would be very reckless and not a good state of mind. For a super rich person that is not really a big issue losing 1m USD in a bet. Things need to be put into perspective of the individual behind the bet. Sure in some country you could buy a nice house, car and have some spending money around. But in other parts of the world like New York for example, you can get 1-2% of a fancy apartment with that money only, or you could make a 2 week vacation on a super yacht. It's all relative to the total networth.

We know the reality that standard of living on each country would really be totally different thats why it would really be making out some impression when it comes to those amount.
It might be small for someone but it would really be that big for most people where they could live on a good life on having those amounts possessed but well lets just accept the fact
or reality that there are people who do have lots or tons of money that they could really spend on and there's nothing we can do but to amaze on what are the things that they've
been doing specially on how big the bets that they are making.

I have never seen such a rich person in my life. I wonder how people become so rich and how they can bet with such a huge number.
Have I had some money - I would rather spend it on social work then on doubling and betting - lol - I am not rich :)

You've missed a lot during the early days of bitcoin when a lot of whales don't really think what they do with they money so, many of them just gamble with huge amounts. It is easy for them to win and lose big amounts because they've got really a lot of money to do anything they want.

It's your money so you can do whatever you want and no one is going to stop you. Whether you just gamble with all of it and do the charity that you've said and everything you like.

This bet is so huge like the player doesn't care no matter what happens if you lose but again it's gambling so already risk everything, Based on my experience I can't event laid almost 100$ just to play with the gambling and it's quite hard to let go a large amount of money but yes it's sort of the game. Still, it's ideal to make gambling responsibly. Nothing stop you to play but those money can be a life changer too.

Haha! Imagine if these whales registered on the casino using your affiliate link? You could be somewhere on the bahamas enjoying your affiliate bonus  ;D

But seriously though, wagering that huge amount of money is pretty amusing. There's even an old Reddit AMA thread from a high roller in a casino that answers redditors' questions about his experiences and gambling advice! Perhaps it will pique your attention.

- https://www.reddit.com/r/AMA/comments/cufcc1/high_roller_who_plays_high_stakes_slots_up_to_500/?utm_medium=android_app&utm_source=share

This person wagering crazy amount is indeed a gambling whale. For many of us that money is extremely important but for whales like this gambler, its a fund that he can afford to win/lose in gambling.

I have not seen yet a whale placing such bet because im not checking the game specific for high rollers, the highest bet I encountered is in live baccarat (where I also play) is $100k.

Its really amazing to see gamblers who have the guts to risk huge money in gambling.

We have a different way of living and statuses and for sure 23 BTC is a large amount of money if you are a gambler and you have a willingness to wage with that large amount its not get bothered because its your money gambling is a high-risk reward gam so if the player wins those 23 BTC possible makes a double and earn profit but of course if you have that large amount of money at the same time ill make the same way too to use those in the less risk but instead possible to earn and if possible to make gamble is just small portion of the total BTC.

I think he may not know if we talk much about him and now, he became popular in this forum. I wonder how we can know who is he ;D

But I give two thumbs to him because he can take the big risk of losing that amount at once. I guess more gamblers will use a big bet on the other gambling games.

Obviously, we will never know who makes such crazy bets. He could be anyone and there is no point in guessing who he is.

Yes he has become a celebrity on this forum. I think he also got attention on the gambling site because it's not every day you see such huge bets.   

If you guys don't care then you shouldn't be here arguing on this thread but you can't help it because posting here is one of the requirements on your signature campaign ;D. True, it is interesting to see someone who bets a huge amount of bitcoin because we don't normally see this anywhere (in real life or on any other online casinos) if only if we can interact to that guy and know more about his life or his story, that would be more interesting.

Maybe he can share us some tips of how to become wealthy in the form of gambling? There are actually small players that builds wealth over time only in the form of gambling.

I guess with that huge amount of transactions, the gambling website knows who he is coz they might require him to comply for KYC (like other websites do).
However, for us or for those who gamble to the same website would not be able to know who he is.
Who knows, he might be one of the member here in the forum. We do have a lot of crazy rich people around here. That's the reason why gambling websites and other crypto related projects loves to advertise here.

Such a huge bet. I would like to see how they spend their daily life. They spend a lot of money on the bet and I am sure they would also be aware of their social corporate responsibilities as well. But have I have that much money I would prefer saving and using them for a welfare project too.

Most probably, these high rollers have no fear losing large amounts maybe because they also have won some of them, or they are just born lucky that they have gold spoons in their plates. While high rollers  are very visible in some big time casinos, but the perks of being high rollers they also got to enjoy the best services casinos have to offer. More likely, these high rollers only looks for entertainment and by luck they also create big fortune in gambling.

That’s the first thing I looked at, the game he’s playing, and to me, that choice is weird, to say the least! I mean, betting a million dollars on some speed roulette is really crazy for me! But his money and he chooses which game he plays! I would definitely choose another game with so high stakes!
This is crazy gambling, by the way, 3 bets and 3 million are gone! Probably some billionaire in question, when it's easy for him to throw 3 million on a lucky-based game!
There's no point in searching for him, high rollers like anonymity! Of course, except for ones who have their channels and promote gambling in some way!

That is possible as KYC are now being asked mandatorily at those big winnings. These whales are also probably now on the highest VIP level and their perks are really awesome that even they are losing, there's something special in return provided by the gambling site.

But sometimes there are rumors that those winnings are just show off to show that there are whales actively playing on the site.

I just can't think of a reason why should it has to happen just to attract users on the said site.

It is really just giving out that kind of stress on your part minding that you are on the foot of that whale where you cant just afford to lose those big sum of amount which you would be thinking
on spending it on other way which would be more beneficial or would give out comfort on your daily living but as i said that not all would really be just the same in terms of finance level
or status where there are indeed rich and there are average and there are poor.So lets deal with the reality and accept it.

^ I heard this rumor and also additional, the whale of the gambling casino is also the account of the owner, this is just only intended to attract users to gamble because as they see there is a high roller, but I don't think that is right but just only a rumor.
Whether it is true or untrue, I don't gamble as a high roller, because it seems like this is an addiction to gambling and I don't know if someone can control their urge in gambling. Nevertheless, I don't know either if I will believe that there is a whale who bet a whole number of BTC is just a single bet, that is huge of money.

To be honest, I've never seen such high bets before! The highest bets I've seen were of the order of ~$10k. Maybe because I don't focus too much on the bets tab and don't spend much time following the most recent or highest bets.
Most members are saying that he must be a rich guy and making such high bets is normal! but C'mon.. we are talking about losing about 60 btc (~3 million dollars) in three consecutive rolls in matter of few seconds. This isn't a small amount you can afford to lose even if you are a billionaire.

Whether it is high rollers or the small wagers, every gambler will have pain. Maybe the one we've seen here looks like a whale, but we don't know what is his situation now. If he's on the winning streak then sure he'll be enjoying and if not his mind will be thinking of making a mistake of trying to recover back what is being lost on consecutive bets.

Now this has turned to be a hobby to watch the bets. Today came across this hidden person who has been wagering around $1500 for a long and a smaller bet with a big multiplier came out of the same game. If his losses were compensated with the win then he's a big winner.

https://i.imgur.com/3S4mHVp.jpeg

being able to hit such a jackpot is objectively a rare event ...
who knows how much he will have played before being able to win this amount ::) ... at least in this case there is a happy ending...

Cant be called to be a happy ending and that would be surely be felt by these whale or big bettors specially if they have seen that they dont able to hit up on break even or profiting kind of win and we dont
know about all of it because we cant really just able to see those stats so it would really be only on personal account details which they could only able to see.It is really amazing to look at but for them
it wont really be that appealing or something not that enough for them to celebrate and its true that we dont know on how much they had lost first before they do able to make some big hits or winnings.

It is not difficult to imagine that such person is most likely an early adopter and as such they have thousands of coins, so losing a few of them does not really change that much the overall amount of money they have, obviously such amount of bitcoin is so high that it is impossible for us to ever have so many, but if that person bought them when they were worth just a few dollars that could explain how they can gamble so much bitcoin without an issue.

High rollers that I saw in some dice platforms were already drowned in losses before they hit the jackpot. Heck, some of them won those jackpot but are still in the reds due to a lot of prior losses. It might seem like it's a happy ending, but in reality for most of the high rollers, it's just another day in the office winning big because they also risked big.

But I do share the sentiment. What does it feel like to win big anyway? ;D The last time I won something significant is from ages ago.

The truth is that I never look at that column, except for the seconds I spend looking for "my bets", I follow a twitter account that advertises high roller bets, in any case when you see those bets some VIP levels make sense  :) .

^ The same question because it is seldom for me to experience how does it feel if you will win a big amount.
It is expected if you are a high roller of course when you are very lucky that is expected that you will win also a big amount. But if you are not lucky, there is also a big and huge loss too. I never won a big amount because I am always afraid to bet a huge amount and probably I am not that kind of a high roller because the thing that comes up in my mind is that only gamble the amount that you can afford.

One of the reasons on why i dont gamble that much because of the luck i do have when it comes to playing thats why i dont really have that kind of experience on having feeling on having some big hit
even though the amounts arent that much compared to these whales or a peck of dust but still the impression of being boosted up is really there but same as you  guys on where i had already forgotten
such feeling yet i dont really experience that much. How these fellas do able to hit up these big?

Well, you'll never know.
They're people who has their privacy just like us and I don't think that they're willing to let someone even know them with their real names. It's unlikely to know and get to have an idea who they are and how they live with their daily lives.
It's better be kept secret and be anonymous and that's why they're gambling through crypto casinos and not with fiat casinos online or maybe they do it as well.

It only becomes painful when you expect to win and you didn't win but not if you are only playing for fun. Bets like that are probably came from a whale gambler because 500 dollar per spin seems like a huge amount of money already and I think it wasn't only for 1 spin because that kind of multiplier is hard to get. 6k multiplier is high and it probably takes more than 6k of continuous spin before he gets that.

Pretty sure he loses a good amount of money already but at least he recovered some of it after hitting that win. He might continue playing in the hopes of recovering some of his losses. like you I sometimes watch the highroller tab if don't have money to gamble anymore, its entertaining right?

Chasing up to be part of the ranks or high rollers when you dont have sufficient money would really just drive you crazy because you dont really love the feeling on getting being overtaken plus its true that no one really

knows the real story behind with those big bets or hits on where you dont know if he breaks even or totally still in loss.Its true that it would be on personal reason whether someone would be continuing or would

really stop and securing those hits but as a gambler on a kind of behavior like this then stopping wont really be on your vocabulary.

It's like putting everything in one session then win or lose, they will accept their fate as they understand the risk they are dealing with.

Since their fate resulted in a win, the risk they put on that crazy bet now becomes worth it.

For sure, every loss since the beginning of their gambling journey is now covered by that big winnings. But since they already feel the experience of hitting that big winning, they will try to experience it again and will continue to do gambling with that crazy bet.

Maybe that's true, because more people who doesn't care about making money used to find thrilled and wants excitement. Same time I don't believe that a loss will excite/thrill the gambler. With gambling fate has its role, but these are well known play, and looks like big Whales. If not one could never think of betting such a big money that is more than enough for a well sophisticated life.

Thats true. He lowered his bet probably he's running out of funds (assuming thats the case) then he hit a high multiplier I can imagine how happy this gambler after. Its happening even for an average gambler, if we had losses but we still keep on playing we are somehow hoping to be lucky and get back what we lost. If this happened to you (winning huge) you wont feel depress that you gamble without gaining anything.

Some whales also loves to play their holding with cryptocurrency casino as well, I saw lot of such bets even with huge wins as well so casinos have maximum cap limit for won for certain games to avoid going into bankruptcy. There is nothing wrong with it, rich people love to spend their money in different ways and casino is one of their place.

What a bet! That's almost a million dollar per bet. That's the legit high roller right there. The gambler behind this hidden account must be filthy rich he could simply gamble millions as if they're nothing. He must have many hundreds of millions or even billions to be able to place a wager of almost a million. Even many of the rich gamblers won't probably do this. Even if I have a hundred million dollars I definitely won't be spending a million USD in roulette.

very surprising indeed, and like you said seems unrealistic as well and i agreed coz if it's a roulette game probably that's not how it so easy to have a consecutive wins in it and its looks like he always all in. I wonder how much money he have on that platform.?

Chances are that in the net of his gambling life he has lost more money than that jackpot, which indicates that he is most likely a person with a lot of money. I have a friend who works in a casino and he says that regular high rollers sometimes win big jackpots but consistently lose a lot of money. The long term net is loss, no matter how impressive big jackpots like this one might be.

They set maximum cap so that players can’t win huge amount instantly since casino is getting profit on human error so the more players bet then they have more chance to lose due to lack of patience and other factor for human error. Casino has a huge bankroll and they will never get bankcrupt with just a whale player win huge amount because they can get profit in different player. As long as there’s a lot of whale players actively playing on the Casino. They have nothing to worry about there business because the probability of winning is always in there favor. They just need huge bankroll to sustain the Casino running .

In case with Stake I think they have millions or probably billions of dollars reserved for players like this one and they don't have problems if players will place million dollar bet in a single bet but it is really surprising to see placing a high amount of bets on a single bet.

We can assume that the player made a mistake in placing the bet or that the player is used to placing very large bets and we have never seen this before. We never imagine what will happen after that, especially if that player suffers a defeat and loses all his money. It will make our lives go crazy and make us lose control and the worst thing is that we can end our lives. With that much bet, I think he has a lot of money in his account.

Definitely in the first place if he doesn't have a lot of money he wouldn't be able to place that bet, I think it doesn't matter to him if he is going to win or lose as you can see with his bet and that bet is a speed roulette.

This is without a doubt the truth, the only way this player would be ahead of the casino and has earned more money than what they have lost will be if they got this win early on during their gambling journey, however even if that is the case as long as that player keeps gambling then sooner or later they will lose that money.

So the only realistic way in which this player could  remain ahead and earn more money than what he lost is that he stops gambling immediately and never does it again, something very unlikely as it would be very difficult to get those kind of profits without loving to gamble

Wont believe that it was a mistake because you would definitely be noticing that he made that in a row which its impossible that you wont notice and also if you do accidentally made out wrong bet amount then its not
something for this to be big.

Looking these numbers do really make us drool and this is something that we couldnt see on everyday basis which is really good to look at that there are really people who could really afford on losing
such huge sums of money.You could really see on most gambling sites on where there are people who are high rollers.

Yes, I also think the same as you because he often uses big money to bet. After all, we don't pay attention to how his betting habits are, whether he's always betting big money or it's only occasionally.

The numbers that are there will never be achieved by us, who are just small gamblers and can only dream of being able to get that much money. And if indeed we can get that kind of money, we definitely won't use it to bet. He is indeed a high rollers bettor and probably not many people like him use big money to bet.

Who doesnt really love to have big money but spending like this isnt something that everybody could really able to do such thing but its amazing to see  that there are people who do really able to burn soo much money

through gambling.You cant really stop on how people should be spending up their money, its really a waste but since its their funds then they could do anything about it and doesnt matter if he
walks on the streets tomorrow after he lost it all but since this is a crypto balance and with this big amount then i do see that it would take a while before he burn himself.

No one knows how many BTCs this man has and what year he acquired them. Maybe he is not a gambler but just decided to try his luck in the hope to increase his capital. There were times that I lost all my money hoping for luck but the luck did not accompany me. It is quite possible that we see a similar situation here.

Yes, because they are also humans like us that is hungry for dopamine. There are different kind of whales, one is the whales that we know the most that manipulates the crypto market and the other one is a whale gambler. Both whales play gambling but one whale only plays for fun and only bets on smaller portions because they are afraid that they can get addicted and lose the money that is mainly dedicated on their own business.

The other kind of whale are the one's that we see the most on the high roller. They gamble with huge amounts and they don't care if they lose of won because they already know that both are all part of gambling.

One of the biggest eye openers for me with these high rollers was watching that Louis Theroux episode created quite a few years ago, which followed a some high rollers as they played in Las Vegas. There was an old lady who had a fortune from a very successful prior business who spent her retirement living right next to the strip and would fritter away thousands per day on slot machines as a simple amusement. Then there was a wealthy businessman who would fly in, be treated like royalty but fritter away hundred dollar bills incessantly into the slot machines but got a buzz off winning a few thousand back - every penny he made was tracked by the casino and calculated into the perks he got, but you know the casino made a healthy profit from each of his trips. It's well worth digging out and watching that documentary if you haven't seen it.

In the long run, everyone loses in a casino. A casino always has an advantage of a few %, and the statistics don't lie and always come out. There are high rollers that are profitable in the beginning but they always keep playing on new visits and sooner or later they get hit and then they keep betting big and eventually the money is gone. It also depends on how rich you are. I know of a story of someone who had been saving for 10 years and then decided to turn everything to red at roulette, but it is unclear whether this story has been told truthfully.

Highrollers typically aims the rakeback and Casino promotion that's why they keep on betting huge amount despite they are losing some since they will get a reward for doing it while having a chance to win at the same time. High rollers is not dumb as think that they are just burning money out of greediness. They are only breakeven when they lose there bets when they claim rake back and cashback while extra profit on tournaments and the potential win on there bet.

You are right on this one on where people do have this kind of behavior on betting then its likely this guy are those who had invested or mined into those early days of Bitcoin because if you had invested or accumulated on later years then you wont really be having this kind of spending.
Gambling is never a good idea in means on raising up your money because most likely you would really be ending up on the opposite thing which gambling is for entertainment nothingless.

Dont expect that it could make you rich even more because chances on being poor is high. lol

This works for poker and maybe for some other rare cases (maybe betting under certain conditions if there are bonuses, rakebacks or something similar for the money wagered). An ordinary gambler in a casino does not receive anything other than "free" bets, but in fact these bets are already paid for by him (more precisely, by the amount of money he lost).

Even if this guy has accumulated a large sum of bitcoins during the early adoption and mining stage, it would be crazy to risk all his earnings into a single bet. Probably this guy is a millionaire or billionaire who doesn't bother losing money, since there is much more to spend from where it comes.

We have to be aware to the fact gambling is going to be profitable only for a very small percentage of lucky players, while everyone else is going to lose their bets, so the few winners and the house can make profit. At same time, there are no huge victory and fame without high risks, and that is what many gamblers are looking for, especially those who can afford insane bets sizes, like the one presented on this thread.

Betting that kind of amount and figures and they are not a gambler? I doubt that.

They know what they are doing and they sure understand what's the risks. Whales are not that dumb to just enter something without even understanding what they are dealing with. These high rollers know what they are doing and understand what will be the result later on.

It's not that these whales already have BTC back then and were able to have it thru mining or cheap price or anything else.

They just afford to buy those regardless of the BTC price.

I think also that a lot of these high rollers today don't acquire those BTCs way back before.
High likely that they do have money to spend that amount in gambling.
Just look at Drake, betting large amounts in stake. Do you think he had the btc when it was still cheap?
So nope, we can't really tell the origin of their wealth. But if a high roller can afford that much, it doesn't mean that they acquired it long time ago.

If we do really mind off practically then its not really that ideal nor good to spend up that much when you do gambler.For few thousands per bet then its considerable but for having this? This is too much.

Well its his money, he's the one would suffer if he would lost it all because no matter how rich you are or does have lots of coins and if you do continue to lose or bet like that then you do know
on where you do really ending up which is on getting wrekt. Sometimes we are just too concern on how other people been spending their money even though its none of our business
but it isnt bad to see and hear out some suggestions.

What if the rake back isn't worth it at the end? It's a good thing if the casino doesn't only rewards high rollers for a rakeback but offers other incentives too but I think there are casinos that has limits on what they could offer. I guess high rollers nowadays do tend to find some shelter that caters a lot of bonuses and doesn't only focus on rake backs.

I don't believe in this type of gambling, for me it's just marketing to show how much the casino moves and encourage more people to put more money in the game.

First, I think they are false and second, if they are not false, they are made by people from the company.
Besides, what's the use of showing that? Just show that there are more people than you playing so you don't feel alone or bad about what you bet.

Well, if you can afford to lose all those huge amount, i guess those high rollers don't have even fears even if they put all in. Because if they also happen to be lucky that day, that means it will also add more fortune to their wealth. That is also one advantage of being a high roller. But for us small wagers, we only gamble small amounts, so expect that the returns will not be quite big.

Yes, that's correct. People who have a lot of money can use their money for whatever they like, including gambling with big money like him. They didn't seem to have thought about what would happen to them if they had suffered many losses several times. It's because they still have a large amount of other money and it looks like they have a money tree that can give them money whenever they want. With expenses like that made by that person, at least it can give an idea of ​​how much money that person has.

Of course it's not worth it. Rakeback is just a sweet shell for a bitter pill (the fact that you lost). As for the real high rollers, the casinos hunt them down and offer schemes like "flight + stay in a cool hotel" even before they spend their first dollar on the game. In the end, it pays off. But these are individual cases for VIPs.

I think high rollers prefer to stay in silent than to admit that they are one of them as high wagers also mean big winners, winning in mostly huge amount. For sure, everyone is surprised on how high they are betting, but i think they have already made significant gains in the past that is why they have the high nerves to bet such huge amounts. But even so, losing such huge bets are still painful and this is something that they have to accept.

^ That is a must for their own safety, we know there are too many scammers out there that could probably be waiting for information of a large amount to scam. Probably they gamble as a high roller or a whale gambler because they want to have a quick easy profit which is the amount is also they can afford. A high roller is also a high reward when you gain profit, but they do not stay long in the gambling casino after they won they want always to cash out their money, that is how clever they are just like recently posted on a gambling casino that a player won 32BTC on Roolbit.

Is such kind of sophistication being provided for the high rollers. That is something unbelievable, because if someone is inviting for a cool stay and spend his money on wager, then it is pure sign of inviting to use the funds and get away. Everytime these gamblers can't be lucky.

In my opinion, this kind of offer should make the high roller think about why he is being made such a tempting offer. At the very least I would immediately suspect that the casino making such an offer is obviously going to empty my pockets. I guess I will never understand what such people think, because I can not afford to bet more than $5, and I use such bets very rarely.

But you initially know that any casino is trying to empty your pockets. And judging by the reasoning about the amount that you can afford as a bet, you still visit the casino (or play online). So what's the difference? You can afford to lose a small amount of money, and for high rollers, this small amount of money is several orders of magnitude larger. They don't care where to spend, but naturally when they get generous bonuses somewhere, they go there.

These are such huge amounts for a bet. Whoever is behind this probably has so much to spare and most likely, it's just a usual and normal day for them to be entertained and perhaps gain more money. While this is so much for us, this could be just a little portion of their portfolio only. I always find it amazing and amusing that these kind of people exist - those who have a vast luxury to spend many dimes over a bet that has a half probability to offer.

Although I also know for sure that to attain their lifestyle, they or their ancestors (if they enherit it) worked hard for it. Nonetheless, this just exhibits high risk, high reward. I think they don't fear that much to experience failure because of several bet attempts, given their large bets despite the risks.

That is why we really need strong self-control in playing gambling because the casino will always provide offers that will make us tempted to follow it.
If we don't have self-control, we will surely take their offer and play until we eventually lose track of time.
If we can't afford to bet more than $5 or some other amount, then we really need to be able to control ourselves not to be tempted by their offer.
And if we see that their offer can make us spend more money, then it is better to leave the casino immediately before it is too late to know.

It is not madness for them to take the offer, these high rollers know what really happen to them but this is not an issue for them as they are pleasing themselves rather than taking this seriously. Real gamblers are not afraid to bet huge amounts, they can afford to lose more than us normal gamblers. If this offer could empty their pocket, they can still refill it and get back to gambling again.

In the world of big money, there are many things that seem unbelievable to the average person. But in fact, you can look at it differently: for example, casinos spend millions on advertising, if they spend a small part of the advertising budget (several thousand dollars or even a couple of tens of thousands of dollars) on guaranteed attraction of a high roller, then this is a good deal.

Maybe he was using an auto bet that time? And the bet continues for the second time around but he got lucky because he got two consecutive wins. He is more lucky if the amount that he bet was not intended but accident have happened like he unintentionally push that max bet button or the 2x/3x.. button. Never happened to me, that I win in an accidental bet but I only lose.

This is why whenever I play I always hide that max bet button in the setting just to be safe. It's interesting to see huge amounts like this on a crypto casino, we can say that people now have a confident on using cryptocurrencies as much as they use fiats.

I sometimes have that feeling like I think the bet was not made by a random dude but it was made by the casino owner or their representatives. It can be a kind of lure to show the potential of the casino that they have a big bankroll and they are able to pay huge amounts if someone wins.

In the gambling site that I play, you can see the high rollers (not the common one) but only the high roller on a specific game and on that section, you can also see if who hit the highest multiplier. Some games are hard but they still manage to hit the highest possible multiplier but what shocks me is their base bet that are too much that a normal person can imagine. I was like, how was that possible?

That can't be removed from our minds if we know how aggressive the marketing of the other casinos is.

But most of the time, they're for real and even they're being endorsed by someone. I'm sure that those that have a good reputation, they're the ones that create honest marketing.

Not just to pull people to them but to show that they're really being flocked by actual users.

I thought high stakes would involve a few different bets at the same time, color plus various numbers so you more often avoid all or nothing in returns.   Not sure if 4am was the bettors local time but I would say the best capital management is not to bet large when tired or drunk, make sure you are fully awake when considering the risks and game you are playing.
  Maybe it was Tom Cruise betting his lunch money who knows, no tip for the bar tender that day.    Can a professional gambler write off such losses as these against their taxes due ?

Some of those whales still want to be a low key gambler so technically those offers are not in their interest sometimes and they just want to gamble alone. Seeing such high rollers is quiet encouraging to gamble more on that site because you can see their trust on the platform so technically, if you are in the same platform you can have an assurance that your money is safe and you might be able to increase funds because of this. Those high rollers already enjoys a lot of privileges, this can also be good if they want to take advantage of this.

I wonder why the big whales are so low key. Don't they like to get famous. MAy be one of the reasons is they don't waste much time on scrolling the phone all the time like us - rather they focus. more on getting the earn and investing money. I being a middle class person can not even think to make such a huge bet.

"get away seems" inappropriate, for a legit casinos but that can be appropriate for those who are scams. They literally can get away with your money and it doesn't matter if it's huge or small but they will take any amounts. That's how greedy scammers are. That kind of offer said above is not unbelievable.

I already saw some legit casinos offer that and even better than that but those are only available for the max out vip levels though there are still benefits for the lower vip levels but they are only limited to rakebacks and bonuses. There is no need to gamble huge, if your only goal is to travel and stay in a casino because you can always afford it and they will cost more cheaper.

The reason might be that the Big whales wouldn't even care much about the money they would spend on gambling, don't want to be famous that's a classic reason , they just wanted to have fun with the money they deserved to spend, indeed they wouldn't be interested in bonuses or anything but not all. I thought the big whales would only play if they can do it, gambling for them was not a job, but that's also not all whales are like that, sometimes they also have to focus in different directions including gambling and they also need a win. Such a huge bet for an adrenaline loving big whale.

There are possible high rollers not only at Stake, but even to some casino sites. The only thing i have in my mind is that these high rollers have no way to fear from losing maybe because they also had huge wins from their past bets, or they are used being high rollers knowing once they got lucky, they become instant millionaires. Gambling is a game more of luck than skills, so i guess once they bet for huge amounts, they also prepare theirselves from losing such a big amount.

I know some high rollers and they are people who manage a lot of money, who have businesses, and for whom betting 0.025 BTC is like betting 0.00025 BTC for you. I don't know if there will be some who are not so rich and bet those amounts, on credit or otherwise, but I don't think they will last long, as it is inevitable that at some point they will hit a losing streak, and if they don't have money from their business or wealth to replenish they won't be able to keep playing at those levels.

This can be for fun, and I believe these whale gamblers are in profit even after wagering with such big amounts. Without profit whether it is a whale or someone who doesn't care about money will rethink whether to wager with such big amounts further. There is more chances of these whales to be in profit. Op should've watched little more time, if so we could've known whether he won further or took break.

They have planned it before they put those huge bets. But there's a possibility that they've just bet it due to their emotion tickling them and they're triggered.
That's very possible but for most of them, they're planning their actions and their wagers. And as they bet with such amounts, it's either they've won that amount in the past or they have it on their stash but is willing to lose.

I don't think that was a mistake or a wrong bet but I assume this will be a planned bet, and this might involve the site owner.
I'm not going to think they just fool us, especially for small players but this seems not usual daily. Either these gamblers will lose in the game but the money still goes back to their pocket, like how whales do in trading. They are making a profit rather than making themselves losses.

If they were a whale, it wouldn't be a mistake to place large bets because a whale had a very large balance. Maybe what we see is a small part of their total balance and they are still placing bets on other games. But a whale can also bet using his emotions because he sees other gamblers placing large bets. What is clear, a whale is ready for all the risks that will occur later, including if he has to lose bets in one type of gambling game. It just so happened that he could see someone placing such a large bet because we very rarely see such a big bet.

it is really difficult (technically impossible) even for a whale to be profitable in such a situation because the dealer (the casino) always has an advantage that is a small percentage.
and above all, on casino games, it is mathematical that the more you play the more you lose ... the statistics say so.
https://knowyourluck.com/roulette.html example with roulette, and this applies with all games (the in-famous RTP).

Then maybe someone wants have the pleasure of playing a "big hit" like that, but I don't think they do it for "earning" ...

I guess it always the case, if you take big risk, the rewards will be even bigger too. But surely it will be very painful once you lose such a huge amount. What makes me fear of about being a high roller is that winnings only rare to happen, but losses happen most often. But as they say, you will never experience the peak of being a gambler if you never dare to be a high roller once in your life. This maybe the reason why we are seeing some high rollers in some legal gambling sites.

House edge,Fees,RTP's or any other related to this thing would be always the main reason on why we do really lose in long run and we know that house do always wins even how big you would really be getting at on some

betting hits and its true that not all would really be going after about earning specially for whales.For sure most of them or majority are aware on how HE works but well its their money after all whether on what

intent that they do have in mind then its up to theirs whether they would really be playing on that kind of behavior or not.

their money, their rules! as simple as that. but i can agree that when you happen to play like for example in crash, and you will see someone putting up like $20k, and lost. just wow! wondering what they are feeling in those few seconds, and realised they lost that amount in one snap. but guess what, we'll never know if we are not that person. some can spend huge amount without battling an eye. but for most of us here, it is like our ticket to survival for the next few months.

I have also seen several times that there are players who have extraordinary big high rollers on Gamdom, 1xbit and stake.com

I was a little surprised at first but I'm quite used to seeing it but until now I'm still thinking, whether those who have high rollers are whales, because the owner of the rollers above 5 btc in one spin is definitely a rich gambler who no longer thinks about money for daily needs LOL

The user have got money, and that's why he's spending. Whether it is being over within a second or it ended up after few rolls isn't a matter for such high rollers. We can't keep us in that place, because for we dollars to spend we'll be thinking several times. With the mentioned $20k one can lead the life for the next two years in a third world country and with the bet amount mentioned in the OP, one can have a good living for a generation.

Financial situation or state does really differ on each person.Some could afford that and some couldnt and some spending is something realistic and some is just too dumb or too much for them to make.

Lets just accept that reality that we are really that envious for sometimes whenever we do see big bets like this and would like to feel on how it do looks like on having that kind of betting behavior.

It might not be that practical for some but there are people who could really afford it.

I think something like this also happens to us "common mortals".
when we are young we may place bets with ridiculous amounts (let's say the cost of a beer), then when we grow up thanks to the salary and a whole series of situations as adults we are able to place bets significantly higher (even entire months of salary in a single shot)...that's amount could be "high rollers" for another gambler!
I appreciate the thrill of the bet regardless of the amount played...
It is like when I buy a piece for my collection, "spending a lot" may not necessarily be proportional to the emotion you feel ...

Gamblers need to be aware that even if we can gamble for fun the games are designed to give an advantage to the casino, not only they have probabilities on their side but every single aspect surrounding the games is geared towards giving them an advantage.

One example of this is that at many physical casinos you will be offered a few free drinks if you are winning, at the surface this may seem as a simple courtesy, but it is known that people lose part of their cognitive abilities the more they drink so they are more prone to make mistakes, obviously such a tactic is not possible in an online casino but it is a strategy widely used by casinos to increase their chances of beating players which are obtaining profits at that moment.

Well, the life of a player is very different from what is sought and what others believe, I know that the life of a player is more one of loss than of gains, what happens is that players do not take losses much into account, what they always focus on is the profits and their successes, in part this is sometimes compared to trading, there are whales that always lose, but when a general balance is made, the whales usually recover their money quickly, in trading It is like that, but when an analogy is made between bets, I think that it is very likely to lose than to win, but to this we must add the emotion that the players feel, the adrenaline and many times this is enough for them to accept the losses.

I think you are generally correct, but I would qualify: it is not that high rollers get their money back faster, trading or otherwise. It is that they are two levels of money.

Regular gamblers, who are not problem gamblers, know that in the long run you lose more than you win, but they benefit from the gains. If they lose, it's okay, because it's money they can afford. But if they win, they have extra money for enjoyment. The difference with the high rollers is that they have more money, and therefore they bet more heavily, just like they go to more expensive places for dinner or drive more expensive cars.

It is true that for almost any person losing 20k in an instant would be an extremely traumatic experience, but at the same time the majority of the high rollers can afford something like that.

Basically they have so much money that losing 20k is not only not going to affect their lifestyle at all but they are not going to lose any sleep over such loss either, so we cannot judge their reactions using our standards as they are completely different and their approach to how they manage their money is different as well.

Someone who is wealthy and has a million in his bank account might have found it a fun experience and had some fun with that 20k. However, there are also players who have 21k in the bank account and then gamble all 21 completely. Then you are also a high roller, but I think it will remain a one-off adventure. High rollers gambling profitably seem surreal to me or they are inconspicuous. Then you could still do good business with high stakes poker.

It's for us to decide on what we think with them. Everything to think of and these possibilities can happen.
But we don't know what's the actual thing behind it and I just have to think and believe of what I think so that there's no pressure on it and just only need to think about the huge bets that they've placed.

The problem for those who have millions in their account and want to enjoy (adrenaline) from gambling is that in order to get this adrenaline they have to bet sensitive amounts. Just as you won't worry about a one cent bet, they won't worry about a bet that seems huge to us. Therefore, it can be said that if high rollers decide to enjoy gambling, they risk amounts that are sensitive to them.

There is a certain tendency for the great apostators, in the threads of some casinos I have realized that those players who have millionaire profits bet only in slots, I think that they have in their mind that the slots are the best option to earn large amounts of money . When we play Poker or Black Jack, even any game like Crash, the profits are somewhat predictive, unless you play in Crash betting a 5x, 10x and yes, it is likely to win, but it is the only way.

In the slots there are many options, suddenly a 6x comes out or a combination is made and then a 6x is made then the profits are very large, even with little balance you can give great profits, and if a player bets $3k, $4K , the profits are millionaire, I think they are based on those characteristics to be able to play and win.

It is called variance, the more you play the higher variance you will be able to test depending on return to player ratio. In house games like crash, dice, Plinko, limbo the target is chosen by a player while in slots bonus round can go insane like 300kx or just 10x depending on your luck. We don't have control over slot RTP so streamers keep playing with huge amounts thanks to a generous marketing budget funding their addiction. Surely we can't afford such high bet amounts but almost same multipliers can be found on our gameplay during slot sessions.

  If you put a huge bet on a certain game regardless if you are a big whale or not, i believe everything is already set on a plan. No one would be fool enough to play just for fun considering your betting a huge amount. Losing will still be painful if it happens. So most likely, high rollers have their own plans prior to that, and winning from huge bets will certainly bring more fortune on part of those high rollers.

To be honest, before drawing such conclusions, I would like to see some statistics that either confirm or refute this. Personally, it seems to me that high rollers usually play games where there is some illusion of control over the outcome of the competition - for example, betting on sports events. The bookmaker's edge is no less than the house edge (and often even higher) but there is an illusion that your analysis can be stronger than the bookmaker's analysis and that you have a chance to beat him.

Trying out to compare sports betting to games which are fully relying on luck then this is something that has some notable difference when it comes to odds or chances of winning.

High rollers would be always be having the edge or advantage since they do have bigger positions that they could set off but of course the risk is high too considering on the potential
amounts that they could lose.

On every gambling site there would be always these high rollers or whale players which just seeing on the way they do bet then it could really give out that
kind of feeling that you are really that poor.  :D

If it's a huge bet, only those gamblers that really have a high amount on their bankroll can play around for fun with that. But if you're a very casual gambler and only bets huge if you think that you definitely have a higher chance to win or you're just doing it for the last time as a yolo bet, you wouldn't do it for fun. There's the case that you bet a huge amount when you just want to get rid of your losses and recover them back as quickly as you can.

A gambler who often gambles and spends big money is likely to continue to spend big money because they have a lot of money to spend at the gambling table. They also understand the risk of losing that money at the gambling table and therefore, they are willing to use big money to gamble. But that doesn't apply to small gamblers like us because it hurts when we lose $10-$50. We never use big money to bet because we also understand the risk of losing money, which can happen at any time. It's better to have fun with money we can afford to lose than to take risks we can't accept.

Yes, for small gamblers, we don't intend to gamble for fun at most times. We aim to win and take the profit with us whenever we're winning with those bets.
Sometimes, we do it for fun but you know that you're going to do it with a very little amount that you're not going to mind whether you win with it or lose it.

Depends on someones aims or motives because there are small amount gamblers who do really wishes to make their capital becomes big or even to hit up jackpots or big multipliers or something which do really falls out

into the category on aiming for profits and not really for the fun that they do really seek off.It all matters on someones perception or treatment towards gambling whether they do play for fun or simple for making money.HIgh rollers are normal because it would really exist on every casino which there are players who do really spend up money likes there's no tomorrow behind.

I think small gamblers can also win huge sums of money because as we know luck can come to every gambler, no matter if he is a big or small gambler. But if the gambler's goal is to hit the jackpot or a big multiplier or more, then he needs to rethink that it won't be easy.

Actually, we don't need to chase profit because what we want in playing gambling is the pleasure of playing the many games available on gambling sites. If we have got the pleasure, we should immediately leave or quit the game.

Yes, that's always there that we want to grow those little bankrolls that we have. What I am saying is that there are moments that we're good to gamble and it's just for fun.
The amount won't be that significant and we're good to lose it if the unlucky moment comes. What's happening very few times and that's what we're up to if we think that the day isn't with us and we are about to stop for that particular moment and day.

Do you mean there are also small time gamblers that only plays for fun and not for the profit. One example of it can be me because I only spend a dollar or two per week and I don't expect to win to be honest. I just enjoyed the moment I spend on the casino that I am playing with.

The ambiance of the site is so relaxing and they have friendly people. It can be the same as staying on a hotel where you pay for their service and games are just a bonus. If you are not fortunate to have a good wealth then gambling is not a solution for that to make more money but there can be other things that you can do to earn more income but is less risky.

Under certain conditions we want to increase the bet high because the ambition to win is high but we are already aware of the risk of losing a high value, so not everything becomes serious in gambling games and sometimes bad decisions become jackpots but of course only the influence of the luck factor.

I don't think so. From a mathematical point of view, the advantage of the player/casino does not change in any way from the amount of funds available, it is always constant. The only thing high rollers have an obvious advantage is in getting bonuses that depend on the amount of funds wagered - a regular player has no chance to beat them because his bets are too small.

I wouldn't call it an advantage because it's a relative measure. After all, when we increase the rate, we increase our risks. All of us have an equal chance in the casino and most of us will lose our money one way or another. And if someone manages to win a good amount of money he is unlikely to be able to do it again.

Without a doubt that is something that also happens and you do not even need to be an addicted gambler for this to happen to you, as simply one day you lose control of your emotions and you use all the capital you have available to gamble and then lose it all.

It is because of this that we should only have a small amount of money in the casino at any given time, so if we were to lose our self-control for a small period of time the losses that we could accumulate will be on the low side.

This equates to slightly nicer odds given to largest bettors so they do have a little advantage from that.   Also when you do have alot of money or bet within your own budget then you are more comfortable and more likely to win as you give yourself time and space to do so.  It doesnt have to be a case of outright advantage for the biggest stack but I think the smallest players require more caution, composition and planning to not exceed their limits.

You don't need to lose control of your emotions to make big losses, sometimes it's just a matter of a fat finger mistake, or just because you're betting since several hours and you don't monitor your balance anymore or simply because you're gambling in another currency from your usual one and you are not really aware of what it's worth.

Everyone can but there's only few gamblers that have actually did it because of mere luck, it's just they need to know and understand that it's not an easy path towards that way and there's a very high chance that you could lose a couple bucks first before you win big time as we always have experienced. But yes, I do a agree that we should have to know our line and when to stop even if it's too tempting already.

But it is still wise enough to know not to rely on luck alone because there's really no telling on when and where this factor could hit you big time. It is still wise to control your emotions that chasing unknown roads.

There are also other people who is really determined to play and gamble most of the time until their day comes but yes, you're right, only few have only managed to hit the jackpot and we couldn't really tell if we can hit a big time money even once in our whole lifetime.

Never heard of this, maybe you mean bonuses for high rollers? In my opinion, it would be very strange if casinos/bookmakers provided different odds depending on how much the player plays.
As for money management, it is equally important at large stakes and at small ones, if millionaires were not careful, they would quickly cease to be millionaires.

Yeah, I guess what he meant is bonuses as the odds are the same across for both whales and ordinary bettors.


I guess for this millionaires, they didn't become rich without knowing when to quit and when to continue. So for sure at certain point, if they are losing millions, they will stop and find another way. Maybe through investments to crypto or any other traditional financial market to recover what they have lost.

When you are having that lots of funds then i would say that probably you would really seeking off things for your entertainment and not to make more money but pretty sure  that there are people
who do really aim for more despite on having lots of funds that they could really make use of.Its true that emotions would be the determining factor when making out decisions.
Whether you are already enjoying on losing lots of funds or wont bother yourself since you do know that you do still have lots.

The stories of those successful bettors and high rollers, we'll never know how much they've lost along the way. It's great to see them win such amounts and rolls high.
True, they have to control themselves and decide how much they're willing to lose within a day. If it's small for them and big for us, that's not a matter and it's still their money to gamble.

Even for the ones who are only seeking more of entertainment despite of their losses cannot hide away the fact that they are also interested and looking forward to win big time even once on their whole lifetime but the chances of winning huge sums doesn't vary to those who only have few funds and for those who have a lot because these chances are still unknown when it would it you.

We will never know how the player got these funds and we will never understand his goals, but I think this person was fully aware of the likelihood of losing these funds to the casino. I could easily spend in the casino some of the money I earn due to favorable circumstances on the crypto market. Perhaps this man, too, after a big deal, decided to relax and take a risk. We will never know for sure.

I think the mechanism is even simpler - the main thing is to avoid unwanted losses. I can afford to lose $100 without losing my life and I'm limited to that. Millionaires can afford to lose a much larger amount, but they also have limits. The simplest thing is to keep your millions than to constantly earn new ones, at least it seems to me.

If we are just average joes and thinking off about having millions then for sure you would really be finding ways for it to be saved but once you are on the actual situation
'then pretty sure that you would really be minding or thinking on what are the things you should really be dealing with and that do includes gambling.
Finance situation or capacity do really differs on each person whether they could afford on spending millions then its their money to be used.

Yup, that's one thing for sure that we will never know.
As they gamble with their money, we don't know their goal and how they've acquired it. And if they've decided to gamble and losses it, they've foreseen it and decided that there's no going back and regret. But, some still do regret their decisions after losing. Well, who does want to lose with such amounts, we all want to win instead.

We cannot really blame them because a lose is a lose no matter how much is that amount and they knew for sure that regrets is always on the last part, it is their choice. But gamblers will forget those losses as eventually those regrets will cease because there will be some time that they can will earn more than they lost that previous days but it's undeniable that there's more losses than winnings as it's a part of the gamble.

When you come to the casino, you should be aware that you are likely to spend all your money, no matter what bets you make, what bankroll you have and what game strategy you prefer. If a person comes to the casino to win means he does not understand how casinos work or he engages in self-deception, which in the case of a loss will lead to severe frustration.

But in terms of acceptable loss of money on funds that are ready to lose, so gamblers don't think too much about past losses but they will allocate other funds that are not too high to return to betting on casinos, but most gamblers do not understand financial management and they too greedy to raise the bet because greed for high profits.

Those who come to the casino already understand the undeniable risk of defeat but greed is the main enemy of gambling. But they are also aware of winning at any given moment so all points in gambling should be taken into account and don't bet on high bets that are not ready to lose.

What is simple to say?


Only use money that you can afford losing because gambling is a place were losing is much expected than Winning .

So why need to furthermore the explanation when it is given about the way we gamble is the way we accept losses.

For average gamblers like us, what OP posted will make us envious and wished that we also have those winnings, you only won that amount if you bet a huge amount of money it's rare to see where you start with 2 figures and end up 5 or 6 figures richer, you are on 2 figure you just multiply that figure to 10 and that's the best that you can reach anymore than that you're in extreme luck, they bet huge so they win huge, for all we know the guy just double his amount, and we never know what follows after those bets or figure that we've seen.

Getting addicted is the real problem here. When you play a x2 reward game only once, your chances of winning is around 48-49% depending on the house edge. Once you start to play lots of games, your chances of winning something becomes as little as 1% or 0%.

That's how the house edge works. It is there to protect the casino, not the player.

You don't need to if your capacity isn't really that huge, these high rollers are getting huge amount of money on rewards since they risk huge bets too. Imagine if it's the other way around, then, they get huge loss too. The higher the risk the higher the loss or winning, it's that simple and that's nothing complicated.

It is not only greed but also carelessness of playing with ambition to win which makes the consciousness lose with ambition and end up losing the most.
Currently gambling activities are increasing and most of them bet without self-control and without skill and only think about winning without caring about losing again, gambling is luck and luck will favor those who play calmly, can control themselves and are also based on skill.

You are right. No casino will give high rollers better odds for the same game compared to regular players as this can be seen as manipulation and it's kind of unethical and it may harm the reputation of the casino. However, it's in their interest to somehow reward loyal players and high rollers so they don't leave and they do this via cashback and similar rewards which increase depending on your level and how much you spend.
Another obvious advantage for high rollers is that when they hit a high multiplier they will earn more than regular players ( a 1000x with a $100 bet can't be compared to a 1000x with $0.2 bet).

Do you know any people who can afford to lose a million USD in a single bet? How about losing it in 3 bets in a row like the guy that OP posted.
For me such bets are crazy. Not only risky but also desperate in a way. You could be having fun playing for a long time and be entertained but instead you're trying to push the limits and put the most money possible on a single bet just to see if you can? Maybe it was a drunk bet or something.

I think that's the weakness for most people who gamble often, they quite know that they are already losing but still continue without realizing that they have gone to deep. The lack of self control is what the gamblers need and I'm also guilty about that for quite sometime as I also tend to forget things like that, lucky for me, I got some realization about that.

But for others, that's a real hard situation to conquer.

It is a wishful thinking and you don't really have to win with those amounts to experience happiness as an average gambler. Yes, that's what we're thinking to win but you know your capacity and you know what gambling is and how long it can extend your journey with the money that you'll allocate as your bankroll. Thus, the results vary and they're all unknown because you can't be sure with the outcome with any games that you play.

It all depends on the situation - if this is the last 0.2 dollars that a person can afford for entertainment (I'm not talking about extreme cases when a player plays for the last money) and he suddenly receives x1000, then this will be a vivid memory for life. The high roller will forget his winnings in a week, as he spends on entertainment on a regular basis and here and there he wins significant amounts.

I was just wondering how much money these big fish would have in their real life? And how actually they think of bet and how they make their moves? I am middle class person and only live pay cheque to pay cheque and would never afford to spend 100$ on the bet - if I lose - I would be in double debt - lol

They have tons of Funds in Vault , and they have so much Money in pocket , let them bet whatever amount they tend lol.

No one would ever know they would never tell anyone else and it would remain their secret.
Some don't think about betting, some bet carefully and so on.
Whatever your social status, if you are betting, it is very necessary to be careful and not to play to chase victory because it will be very difficult.
If someone can get x1000 just by betting the last $0.2 as @KTChampions said then he is very lucky to get a lot of money.

100 dollars in modern life is nothing (unless you are from Zimbabwe of course). If you have problems spending that amount on entertainment (or on beer or something else), then you have obvious problems even without gambling. There is nothing wrong with this - many people experience such problems when they take out a mortgage or other expenses increase their financial obligations, but I would not call this a "normal" situation.
As for dollar millionaires, there are more than 50 million of them in the world, and I think that they have very different financial capabilities.

Yes, mostly have that kind of mindset and actually most of the gamblers have that kind of thinking. Not because they have accepted that they have lost on that certain day but they have allocated some budget to get back that said funds they lost on the other or earn more than what have they lost. Greed is everywhere and the reality is we don't know that we are experiencing it because we are just thinking to earn more.

You are not wrong, there are so many mistakes that we can make that will make us lose our money that we need to be incredibly careful, we could send coins to the wrong address, we could be hacked, scammed or deposit our coins in a mirror website of our favorite casino, so when it comes to losing our coins the possibilities are endless.

This is why we need to always be on our guard as losing our money is so easy and a single mistake is all what is needed for us to be unable to ever see that money again.

Of course most of us wish to have some 5-6 figures of winning in just a day/night doing some gambling activities but that result may vary or differ on people especially if luck is wether on our side or not but you truly have a point, we still need to manage it carefully because the results will likely not our side mostly as the roads we will take is still unknown, it is still a choice. A thrilling gambling experience will be enough for those who know how to manage well.

Who doesnt really like to hit 6-7 digit hit? Of course it would really be needing lots or big capital as well which is understandable.We know that finances will vary on each gambler.
Some could have lots but most of  the time it is really just those average gamblers in terms of  finances or bet size.It is really just good to see and boost up someone whenever
they do see big wins on the history tab then you could really be having that kind of mindset on what if you are on the situation?  :D

For now 400$ is minimum required to run a normal life in my country. Unless you are from the poor country. You won’t face such a difficulties. In a poor country life Zimbabwe or Africa,100$ will be enough to run a normal life for a month. This including the country like Bangladesh,Indonesia. Rest of the nation people are facing huge economic crisis on this time.

That's surely a lot and impossible to people like me that don't have a huge bankroll but it does happen to those that have been experiencing it, not just ones but many times.
They know the probability and how long they have to stay for them to win that. Results will also affect our emotions and even if we're on the losing streak, that won't stop many of us if we're too eager to win and play more.

This is what bookmakers profit from, they mess with the player's sentiments as follows:
When you lose, it's usually little by little, the money disappears without you noticing at once, always with a chance to recover what was lost.
However, when you win, you usually win a lot of money and believe that luck is on your side, being able to risk more than before.

Although I have never gambled in my life. The real gambling I must say because it is prohibited in our religion and we are taught from day 1 not to gamblor.
But when I see these high rollers - my heart skips a beat - and I wonder how much money they have in the real life? I am a middle class who work very hard and live paycheck to paycheck. But look at these high rolls! WOW

Telling someone else about your entire wealth can be very dangerous because what if they became obsessed with you later on? They will know your info and they will do something bad at you. There are even people that don't talk about their wealth even with their own family because a family member can sometimes do unwanted things.

As per the $0.2 bet you are talking about, it depends because there are who plays with a big capital. Hitting 1kx on their last $0.2 can still be not enough for them to recover what they lost earlier but that is better than nothing at all. Hitting 1kx with little as $0.2 is good if your capital is only a few dollars. That's the real big win.

I live in one of the countries you say and it is quite true because for the economic standard in my country for lower middle class $100-$200 is enough to live one month of life. and it would be a bit unfortunate for a country like the one I live in to make a fairly large amount of bets :D But indeed on the other hand when it has become a hobby it is very difficult to prohibit especially large bets during a single gamble

For experienced gamblers, we can simply say that the total funds that gamblers have in gambling platforms will be ready to lose if their forecasts dart from predictions, meaning they have at least 70-80% in bank accounts in the real world.

There is certainly nothing wrong with your stand in life mate, actually there will be lots of gamblers who have gone too deep in life that will be envious of you because not all people have that kind of faith. I have such a strong admiration towards people like you who chose to obey the good teachings of religion and chose to have faith and won't partake in such doings.

We easily gets envious of these things especially seeing some high rollers living the time of their lives and being so lucky in life, don't fret because your time will come as you work hard in life because I've done my part on that kind of life and honestly it is not exactly what it looks like in the real picture. Take my advice! :)

It is hard to believe  ;D I looked at the history of your messages - most of them belong to the Gambling section  ;) Is it a purely theoretical interest or just fulfilling the requirements for a signature campaign?
As I already wrote, there are more than 50 million millionaires in the world. It is not surprising that some of them spend huge sums on gambling.

I don't like this comparison, it is like telling billionaire why you bought last model of Bugatti while there are children on Africa starving...
The money belongs to user and he may gained that kinda bankroll just with gambling. In the long run, the ending will be same for majority of gamblers no matter what bankroll or bet size they prefer to gamble.

I didn't know there were so many millionaires in the world. Most of them are wiser with their money than to gamble the capital through it. You often do not become a millionaire by gambling at a casino or other gambling sites. Then you should make a big hit, but in the long run we all play on and the whole capital goes through it.

Yeah, after watching some huge transactions in the blockchain it just changes your perception of money.

I mean, not even the highest ever paying jobs in the most expensive cities in the world compare to how much money is being used in these transactions.

There are many millionaires in the world but most of them never share their wealth publicly and only some people know about it. These rich people also often gambled and spent a lot of money on many games. We will never know let alone maybe many of them are playing in private casinos which are only allowed to be visited by people who have a lot of money. But we may only be able to see some of those who play big money gambling in one casino and can only see the total amount of money they use.

exactly my thoughts as well. I am not convinced that this is the only money they are making from gambling. They might have other business as well which are stable and bringing them good return.
If they make this huge bets - they. might  loose the same money in bet. What then?
They surly have strong nerves and big hearts. 

That's true especially in Bitcoin Land/the cryptocurrency world. There are sometimes whales who play with more than 10 Bitcoins per click in dice in Crypto.Games. That's $210,000 per click if we put the price of Bitcoin to its next possible bear market cycle low. Who would bet $210,000 per click, it's crazy. Is he an owner of one of the biggest Bitcoin mining farms? A HODLer from 2011 or 2012? The wife of a HODLer?

Whoever that is, that person is very rich in bitcoin. Before when bitcoin was still very cheap, it was easy to gamble 1 BTC per click, but now, it's very expensive and those who can gamble that amount are very rich, we don't have to get envy, LOL. Enjoy gambling based on what you can afford to lose only.

Yeah, I remember when bitcoin was still $500, and I see a lot of rollers betting half of it, which I think is incredible and I can't imagine how wealthy they are. But for today, seeing that kind of roll can make you wonder if it's true. If it was a mistake or for another reason, because for its price, the rollers should have a lot of money, or if it is all in to win big profit. Whatever the reason, I am confident that if that roll is won, he/she will be very happy of his/her win.

No one knows on how they do get soo much money whether it do came from their fiat savings or to their crypto earnings which we could really presume whether they are early adopters because

if we do talk about spending money on gambling which do purely came from your own pocket even how millionaire you are and having that 200k per click then this is something
boggles up your mind on how the heck these people could afford on spending such money on playing gambling games and losing that much?

By the way, I am surprised by the news when I hear that someone very rich has lost a lot of money in a regular casino. To some extent, this is not logical - after all, having a lot of money, you can buy any slot machine (to lose money to yourself lol) or hire a dealer to torture him endlessly by playing blackjack, while losing only the money that will go to his salary  ;D

Of course you will be curious about these people's real status in life because they can afford to bet that kind of amount in the past even if a single bitcoin was worth $500 dollars, it is still a big amount back that day especially when someone sees that figure somehow lives in a 3rd world country. Let's just enjoy ourselves for now on what we can afford in life because maybe soon we can also afford such life.

To be honest, I have never seen such big stakes. 

23 BTC is approximately $690,000.  This is a huge amount of money.  With this money in my country you can live your whole life and not look for an additional source of income. 

This player is probably a very rich man.  It can be assumed that this is one of the first bitcoin holders.  You don't have to be Sherlock Holmes to assume that this person is into either trading or (more likely) investing. 

He probably bought his bitcoins for little money and therefore it is psychologically easy for him to use these coins as bets in an online casino.

Being able to gain more money might be a confidential now, I think some people doesn't have crypto account or not all of the people who plays in the real casinos are now playing into the real one, because I saw many familiar faces in here. There's a different privilege that some high players get that's why they can only see some of them as well.

There can be a whole mixture of different reasons that people end up betting these sort of amounts - sometimes it can be someone attempting to "wash" illicit money because some casinos might pay you out from a different wallet if you end up betting large amounts, so they'll expect to lose a certain chunk of it to the house. Other times it might be the casino putting out fake information to give the illusion that other high rollers are actively playing, which in turn can "inspire" new high rollers to take a gamble as it builds a tiny illusion of trust. There will even be a small group of players who are legitimately whales and only find a thrill from betting larger and larger amounts.

I believe it's more than just being "Bitcoin rich", he/she might be a super bored person who's merely looking for excitment? Or maybe a depressed person who wants to throw money away to feel better? Because if I have 10 Bitcoins to throw away click per click, I would rather invest them in real estate, and farm land. That's what a normal person would do.


Hahaha. Don't they know they're allowed to invest in farm land, or a beach front?

Hard to believe someone with that money doesn't see an option to invest somewhere like farm or beach. Even if you  are not into BTC, he will still think of putting his money  somewhere safer to not lose it all in an online casino.

If one is very aware of what he is doing and still gambles that big, he must have a lot of BTC, maybe he got a thousands of it long before the price goes more than $30K. who knows, a long time holder since 2011 probably.

With that money I will not worry about the recession today.

We will never know why rich people spend a lot of money in regular or online casinos. They can buy a slot machine and then run a casino business, but they haven't thought about having a business in gambling, so they are just having fun in the casino. If they can think like that, it will be good for them because they can earn a decent profit from the gambling business.

Earning more money remains a secret until now and is only known by a small number of people who continue to make more money. Those who gamble in real casinos or online casinos can achieve what they want, while others fail and cannot get what they want. Some of them can ultimately get a higher status in the casino and get the privileges you say. Besides that, they also use a lot of money to bet on many games.

Some people have a level of wealth that is hard for us to understand. A person who can spend 10 Bitcoins on gambling probably has many, many more. And he probably already has farm land or other assets worth hundreds or billions of dollars.

A friend of mine works in a casino and has seen some people who gamble very heavily arrive or leave the casino with cars worth hundreds of thousands of dollars. If you make $10M a year you can go to the casino and spend $50K a night just as easily as someone who makes $100K can go and spend $500. It's a matter of ratios.

OR they probably already own some farm land, a beach front, an island, everything money can buy, and they still have more coins they don't know how to spend? Haha.


Perhaps an early 2011 - 2012 miner who was mining them with his/her laptop everyday of the week and get thousands of them per week. The Bitcoin Pizza Guy was one of them. Spending 10,000 coins for pizzas? He might be HODLing 100,000s more!

I can understand when some celebrity or public person loses a million in a casino - this is a smart move, because for this million he roughly buys a lot of mentions of himself and remains in the information space. As a result, this gives him more benefits. But when an ordinary millionaire who earns by ordinary business loses money in this way, he receives a double loss - money + reputation. For example, I am suspicious of gamblers and would do business with them with extra insurance/caution.

There are others as well that became millionaires already because of gambling, well not the traditional gambling like going to some casinos. What I mean is that there are people who have committed their lives to be called as gambling professionals who often gambles on big leagues because they have studied the data well and know what are the happenings.

But most millionaires and billionaires that we know now are the ones who did an investment in other environment, surely gambling is not on their sheet to be in their status now.

That's the reality, there are too many millionaires yet there are also too many poor people that barely eats thrice a day.

Those that have became millionaires traditionally are due to their grit and hardwork with real life investments and businesses. But, there are those gamblers that have became wealthy because of what they do, the actual gambling.

We don't know where those high rollers are getting their funds but that's none of our business.
But if you will really find time to observe in some games or sports betting, you can really see bettors spending thousands of dollars in one bet.
And when it comes to gambling, you very well know you have no assurance if you will win or not.
So more than likely, they can afford to lose such amount of money without worrying about their losses.
The good thing about crypto gambling is they can play anonymously along with other players, but more than likely they undergo kyc under the casino itself.

I also suspect that gamblers are collaborating or doing business with the insurance company because the insurance may bear the loss. But as long as the insurance can act fairly and honestly and doesn't defend against the mistakes of gamblers, I don't think that will happen, even though there is a possibility that the insurance officer will get bribes from gamblers to share the money from insurance. But still, losing a lot of money for ordinary people will hurt and we should avoid losing a lot of money.

That's wont be called as a gambling because playing in their own slot machine is not risking anything while gambling is mostly about risking money. Sure I know you are joking here :)


There can be some people who are investing in gambling business, not as a gambler but as owner of casino. They can be a millionaire or billionaire by owning a casino obviously because we all know that the house always win in the end. 

I meant something completely different - if I find out that my business partner is an avid gambler and loses large sums in the casino, then I will deal with him without any trust with tenfold caution. As far as casino loss insurance goes, I've never heard of anything like that (other than small-money promotions like "bet $5 and we'll get it back if you lose").

Let us not be stupid to say that we are gambling for Pure fun because we all seek for winning though we can control the desire instead we can keep hold the emotion when we lose.
because they are in Gambling so what can we expect for more? that is the price we can take on for gambling .
It is indeed that our emotion will settle us for here or there , because all of our decisions will for sure comes from our feelings and desire .

It's not really a joke If someone is battling for gambling games addiction, someone could really do that. You know rich people always have this 1 crazy idea they do with their excessive money lol. However, majority won't really do that since they have a lot of money to burn and it's really illogical to do that despite it's also kinda boring thing to do when you're playing on your own slot machine that you know no money is involved.

I have not seen any information about the existence of insurance companies that would insure against losing money in the casino. In my opinion this insurance simply can not exist because the probability of losing all the money in the casino is much higher than the likelihood of winning and thus an insurance company will simply go bankrupt after a week of its existence.

Same here, I just cannot imagine if those information were true. Insurance companies are there for some reasons, but insuring loss funds of bettors while gambling? I certainly don't think that it's highly possible. I mean insurance companies also have some goal to gain more money than what they are giving, you know what I mean.

Well, judging by the fact and his/her audacity to easily throw away 10 bitcoins per click, we can already tell that he/she is not a normal person like us as he/she just wasting that kind of sum just to break his/her boredom. As for us, certainly that 10 bitcoins could put to some good use if we have that huge fund like investing to different environment either stock, real estate or else start some business.

It is very illogical if the insurance company will facilitate someone without collateral so that they do not care about the background even though they already know that he is a gambling addict, the insurance company will hold the collateral until the time limit that the loan expires or claim it is equivalent to the agreed loan.

I've got personal friends that can spent not just hundreds but also thousands in dollars with the games that they know and has been following all of their lives.
It's all about the knowledge that they've got before placing in huge bets because they're aware of it and won't bet with such amounts if there's no advantage and upper hand for them.

Absolutely he is a big and professional gambler, no matter what, high risk, high turn, and vice versa.
For us, this may be a very high bet, but for those who are big players, it may be a common condition, moreover for the professional bettor, they may think that this is a very common or small betting. This is simply like investing, the whales have been usual buying or trading several BTC at once. ANd for us, that is too much  :D
Just be aware of who we are and who they are.
The most imortan thing is that we must be aware that who we are, never try to be them, just do whatever as our readness ofr the risks and codnitions, nothing to force for big risk whereas we are not ready witht he risks

Maybe you have a point. Insurance officers can be careful with their clients who often play gambling because it will bring a lot of losses and if that happens, the gambler will find it difficult to pay the premium every month. But it could also be related to corrupt insurance officers as I said. They will easily offer loss insurance to gamblers on the condition that the gambler divides the money that the gambler will receive. But I don't know, I don't really understand that and I think there are lots of possibilities that could happen.

Yes, we may never see it but we don't know what's going on out there. Or maybe the insurance company will cover rehabilitation for a gambling addict so he can solve his gambling addiction problem. But if the insurance officer is corrupt and want to make money, he will do something to that without anyone know.

Yes, these rich individuals are certainly capable owning and financing casinos or some gambling business, but the catch is, this kind of business is not easy to handle because they have to be hands-on on these types of investment and not just hire someone to manage their casino. Yes, sometimes they can be lucky when it comes to employee but mostly, these same employee will just desert you and worse with that money.

Surely, they don't want something like that as it could be a waste of time and they're also not interested at all. They just want to enjoy their money and get entertained.

Insurance companies make money by calculating the risk that a person like you represent and then charging you on average more money than the risk you represent to them, so for example if you are driving your car and you crash then they have to pay you, but on average other people with your driving record will not get into many accidents and they will still earn money with them.

Taking into account that most gamblers lose their money when they gamble due to the odds being against them, then it is almost impossible there is a single insurance company out there willing to take such a risk and insurance gamblers and their bets.

I think that we perhaps have no idea what those players may have gone through, or how many times they have seen it so badly that they have gone bankrupt for playing around, or how much help they may have received from their friends or people who possibly They have lent them money to recover, some of them must have lived through very difficult situations, because at one point you can have everything but at another you are also with nothing if you make a mistake in the game, when there is a big win I think that many times these players They will say that they won but even so they have lost more than they have won, for me things are something like that for them.

No one really knows on what happening behind but only into those players who are fully aware on what are their status whether they are in profit or totally in deep losses which cant really be known unless if they would be sharing it out.It is really just good to see or amazing on someone to make huge bets which most of us cant really afford to do so and some do have impressions that it might really be just part of the team or been sponsored just to make look that there are whale players who do trust up a specific platform or gambling site which is also acts as a part of marketing but if we do talk about real players then this is where
things do really look interesting but stressful at the same time.

Maybe they can get involved but not completely but indeed, they should understand most about the casino so that if there is a sudden interest, they know what to do and can decide right away. In addition, managing employees is also not as easy as imagined, especially since the employees are not in the same location.

Or maybe they don't want to handle the gambling business and prefer a different business. Maybe that's why they prefer to spend their money gambling in as many casinos as they want.

When you say Spent meaning they are losers right ? because if not then it is not considered as spending ,
I have tried playing using a Hundred but after rolling and several games changing ? yeah I manage to make it to 5 digits , but suddenly loses everything after long time of playing , this give me the idea that we must only spend short time , if lucky then get out and if not lucky ? best to stand from the table and go home .

Ever see with higher roller but not sure this come from user account because who most crazy want to waste much time with this games, maybe as the way for advertising on Stake how to make user interested and believing with fantastic and higher roller reward. But if really true better retired and off with all casino gambling site, withdraw all winning fund and close account and take enjoy with profit from high roller and could live several years later without working yet.

That is how they managed to earn money, the same logic when someone get a life insurance and they will pay that someone if he/she gets some accident, surely that someone wouldn't get himself in that situation every year just to get that insurance.

Insurance companies are always thinking ahead so that in the end, it's them who gets the money and not us. So, you're right, it's too impossible that there's some insurance company offering around gambling venues.

That is another option that they can do because they can also do some investments in these businesses rather than managing it by themselves and have some headaches along the way just like you said that it has never been easy handling many employees while dealing with figures every single day of the year. Surely these rich people don't want to bother themselves as they have a lot more options than the normal people have.

But before they decide to invest in the gambling business by setting up a casino, they need to have really trustworthy employees to manage it so that the rich people don't lose their business instantly. Maybe the rich people will manage the business for a while, teaching employees who have not been able to work properly and correctly. After that, these rich people will hand over management to trusted employees while the rich people will look for other sources of income.

Some gambling sites that I know that have an investment feature are bitvest and yolodice. When we invest, there are still a risk and when they see that their money is in negative, that can still give them a headache. A gambling is business is not different to other business that we see where there are several employees and each of them has their own role so the owner isn't the only one that manages his company.

If it's a gambling site, they can hire less people maybe 3 to 5 because it was online, unlike on a real life casino where many employees are needed especially if the place is big. Handling an online gambling business should not be that hard.

Without a doubt finding good employees in which you can trust is something difficult, however I think that at least at the beginning the owner has to supervise how the casino is doing and be the one at the top, and only once everything is running smoothly then they can delegate and give their position to someone else.

And this is because the first months in which the casino is released are probably going to be the ones that are the most critical, because if something fails then the casino may soon enough garner a bad reputation and once this happens it is going to be almost impossible to recover from it, as people in this market tend to not forget when a casino has scam them or give to them an unfair treatment.

As a business owner then you would definitely be choosing the must trusted people who would be part of your team because it would really be indeed crucial for such operation on giving out the best services for

those gamblers/users who would tend to make use of the site and since this do involved huge money then its understandable on how much trust you should be putting on.First impression does last thats why

its really important on doing your best on giving the good experience and seamless operation so that people would be having good impression towards the platform.

You are absolutely right, for me it is the first time that I see that they propose insurance for games of chance, I really do not see any insurance advisor for games of chance, although the example of car accidents is very accurate, I think it is Thus, in any business model there will always be an advantage for those who offer the service, otherwise I think they would not come up with an idea like that, but it would be a charity.

Although it would be a good thing if something like this existed with certain conditions so that it could be given, it would be a very exclusive service, but I think they would require a large collateral.

I think this is a delusion. The team should have at least one programmer, at least one manager who is engaged in outsourced matters such as design, hosting and other interactions with external parties, a whole separate support service (the more casino attendance, the more people) because if problems are not resolved promptly, this worsens project reputation. Security specialist, financier, etc. The list can be long, and although some of the work is outsourced, 3-5 people will never be enough for a casino that is visited at least to some extent.

True, I think that due to the age in which we live, in which a lot of things seem to be automated, this gives the impression that everything can follow the same formula and you can administer a business with a very low amount of employees, but this is simply not true.

Running an online casino is a very complex operation, especially when we consider an online casino has to run 100% of the time and be accessible all over the world, while also having prompt withdrawals, good customer support and be friendly towards their customers, something impossible to do with a staff of just a few people.

When you are running a business then be prepared on hiring several number of staffs because if you do tend to cope up all possible positions specially not your expertise or in line of interest or knowledge then you would
really be potentially fucking up your own business thats why allocating some budget for manpower or for a team is a must so that proper execution and maintenance and support of said site wont really be that much of a problem.

Business wont sustain or last long if it would continue to have those poor performance or ending up on bad user experience which people/users would normally be skipping out and find another good place
for them to hang on.

Before the casino was launched to the public, the casino owner must have appointed several people to be members of the team so that it would help the development of the site in the future.

If a winner can win a lot of money from gambling, maybe they are lucky and can win big prize money. The high rollers in a casino will be there, but unfortunately, we don't know when the high rollers will come.

Yes, it is undoubtedly very difficult to find employees who are honorable and have professional ethics. I had a friend who owned an inn, and he put simple tricks on his workers to see who was honest and who was not.

One of the traps was that when some guests left, he went to the room and threw a bill on the floor, and when one of the workers went to clean some of them, they grabbed the bill and very few called to report that the bill was gone. had fallen, he there knew who was the most loyal and with the most ethics.

Well I think that a casino should not deny workers to its site, if we take into account stake.com, it has many workers, not only its programmers, they have their influencers, marketing managers, those in charge of specific support tasks, specialists in each topic, apart from that it has the capacity to hire more people in its signing campaign and it is one of the best casinos here in the forum and in the world, so the number of workers also makes everything continue to grow because each person who works contributes everything you can for the company, this is something that should be taken into account, of course when a casino starts, it must have a small budget or it is very limited, maybe that is why there are few workers, but that is already an issue of growth.

Employee loyalty is highly dependent on working conditions. For example, if the workplace is good (salary, conditions, team, etc.), then the employee values this workplace and will not take risks for the sake of small profits (however, he may risk for the sake of a million dollars, but this is different). Therefore, if a large percentage of employees commit small violations, it does not always mean that they are bad, maybe this indicates poor working conditions.

The honesty and loyalty of employees are reflections of how the company treats them. The mistreatment of companies and businesses to their employees could result in a dishonest performance which could affect the whole business. Workers who are paid right usually perform better and contribute a lot for the betterment of the company same with huge gambling sites. Once they hire a skilled employee, they should pay them accordingly and in return, they will be loyal and value their job.