Cloudbet just launched something called “Whale Mode"

[bitbollo]

Many sportbook can offer LARGE bets. This is nothing new and this option could be seen as an interesting feature.
Proably I would not see it as an offer for "standard" users but for professionals or in general "dealers" / traders.
Once they can offer a large amount immediately available or a competitive odd... I am not aware of this feature in any fiat bookmakers, it is interesting to know if this is a consequence of btc/crypto feature

[danherbias07]

Maybe it's just to monitor the whales. To tell them if the said online sports bookie can handle that large amount of money or not. It will depend on their capacity whether they will accept it or not.

It's not a bad feature, and maybe it can protect both ends. One is, as I said above, to warn the whale gambler that it cannot be done. Two, it's to ensure whether they can be paid or not. Still, I believe this should be inserted in the highest rank of the VIP program. I bet they are monitoring those who wagered high enough and are also betting large amount even if it's not $500k.

[uneng]

Very few players will use the feature, as whales correspond to a minor portion of total gamblers. 500,000$ isn't even an amount most people will make along their lifetime, so it's quite insane to imagine someone to be able to spend such amount of money placing bets as it was nothing. Now imagine how much this industry is moving nowadays with internet and virtual platforms in a daily basis. There is huge profit being made by some people, so if you ask who is going to afford placing those bets, you already have a clue about the answer.

[maydna]

Not many players afford to place a $500k bet at once but they may splits that amount into small parts. They could have more chances to wins more bets.

If they only place one bet $500k and lose, that will makes them very very sad. People are difficult to accepts the reality and the losing money. But if they place many bets with small or medium amount, they will not be too sad although they still sad.

Placing big bets will only for those who have much money and willing to accepts anything happens. You can't risks much money but placing small bets.

[AHOYBRAUSE]

Basically, if you want to place a huge bet (like $500k) but don’t want to manually click the same bet 10 times while the odds move against you, their system now does it automatically.
You set the amount and the minimum odds you accept, and the bot “drips” the bets into the market.

On paper, it actually makes sense, especially for big events like the Super Bowl.


That said… I do wonder how many players can realistically afford to place a $500k bet in the first place:) 

Hmm, bit strange. Basically they are only offering what every betting exchange does. I would rather do this on bergamot or something, there at least you can trade in and out of your bet at any given time to make possible profits before even a match started. Also at an exchange you can always see the full liquidity and don’t have to guess how long it would take until a certain portion of your wager gets accepted.

[Woodie]

Why not have lock in mode or just allow the players to put in such a bet at once ??

If this whale 🐋 mode is signaling big hitters are welcome, then they should allow big wagers without the fancy stuff because if you think about this more..this whale mode almost sounds like if nobody is going the opposite side of your bet then you won't be placing the intended bet as the book doesn't balance out!