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Highroller reserves the right to permanently close the account of players who repeatedly attempt fraudulent behaviour or breach bonus terms on more than one occasion.
A high roller is a gambler who wagers large amounts of money. Casinos may also extend credit to a player to continue betting, offer rebates on betting turnover or losses, and salaries of employees may also contain incentive arrangements to bring in high rollers.
The definition of a high roller varies. High roller casino players often have very high table limits allowing the high roller exclusive use.
Casinos compete on bet limits. High rollers may also be subject to exceptions from various rules and regulations; for example the high roller rooms at Crown Casino in Melbourne, Australia are the only licensed venue in the state not subject to a ban on smoking.
There have been many cases around the world where high rollers have committed fraud to provide funds for gambling beyond their means, after becoming seduced by the lifestyle.
While high rollers may not provide a significant portion of the revenues in the casino industry as a whole, they can have a major effect on the net income of casinos that cater to them.
There are significant costs associated with attracting the highest stakes gamblers, so if a casino takes this chance and the patron wins, its expenses can be extraordinarily large.
An organization, such as a large corporation, that spends or invests liberally or rashly. In the s it was dukes, earls and cabinet ministers, who made their way to the exclusive gaming tables in Mayfair.
The Saudi Arabian entrepreneur Adnan Khashoggi has been a regular big player at the top London clubs for many years.
So it is a bit circular. You are looking at unlucky years. That is the business we are in. You are talking about a volatile business.
The most recent available accounts for the club are for and Mr Aspinall said the club was now doing better. He said that despite his plan to move away from the elite clubs founded by his father such businesses would not die out.
It is part of the business. When you lose these amounts it is a knock for the casino concerned, but you have weeks like that.
It is big numbers these days. The winners could be three people over a number of days, it can be one person in one night.
There are plenty of players all over the world who have won and lost that sort of money in a night. Years ago, I was mildly obsessed with understanding casino economics and cheats, and read a bunch of books on how to win or at least lose slowly at a casino.
The secret to converting the negative expectation game to a positive expectation game was to trick the pit bosses. When the pit boss comes by to look, start playing fast and loose, and increase your bet-size.
If the ruse works, the pit-boss will be tricked into comping you enough freebies to make your play pay, even if only by a little.
But Don Johnson went much further. As a high-roller, Johnson was often solicited by the big casinos to come and play at their tables.
As the recession deepened, the offers got sweeter. Johnson is also a monstrously focused, skilled blackjack player.
So he would negotiate these excellent deals from the casinos, bring a huge stake with him, sit at a blackjack table, and play at high velocity, making zero mistakes, for extremely long stretches.
Because the casino values high rollers more than the average customer, it is willing to lessen its edge for them.
Beyond the usual high-roller perks, the casino might also sweeten the deal by staking the player a significant amount up front, offering thousands of dollars in free chips, just to get the ball rolling.
The player still loses. But two years ago, Johnson says, the casinos started getting desperate.
With their table-game revenues tanking and the number of whales diminishing, casino marketers began to compete more aggressively for the big spenders.
By late , the discounts at some of the strapped Atlantic City casinos began creeping upward, as high as 20 percent. Don Johnson finds it hard to remember the exact cards.
At the height of his hour blitz of the Tropicana casino in Atlantic City, New Jersey, last April, he was playing a hand of blackjack nearly every minute.
Dozens of spectators pressed against the glass of the high-roller pit. Word spreads when the betting is that big. Johnson was on an amazing streak.
The towers of chips stacked in front of him formed a colorful miniature skyline. The basics of blackjack are simple.
Almost everyone knows them. You play against the house. Two cards are placed faceup before the player, and two more cards, one down, one up, before the dealer.
The goal is to get to 21, or as close to it as possible without going over. Scanning the cards on the table before him, the player can either stand or keep taking cards in an effort to approach His next two cards, surprisingly, were also both eights, so he split each again.
Johnson says he was once dealt six consecutive aces at the Mohegan Sun casino in Connecticut. He was neither nervous nor excited. He is a veteran player.
Little interferes with his concentration. Whenever the racily clad cocktail waitress wandered in with a fresh whiskey and Diet Coke, he took it from the tray.
Arrayed on the table before him were the four eights. When his second hand was dealt a two, he doubled down on that, too.
He drew a 10, so the two cards he was showing totaled This was a good bet: Johnson won all four hands.
As another skyscraper of chips was pushed into his skyline, he signaled for the next hand. He was just getting started.
The headline in The Press of Atlantic City was enough to gladden the heart of anyone who has ever made a wager or rooted for the underdog:.
But the story was even bigger than that. Caesars had cut him off, he says, and then effectively banned him from its casinos worldwide.
Fifteen million dollars in winnings from three different casinos? Nobody gets that lucky. How did he do it? The first and most obvious suspicion was card counting.
Card counters seek to gain a strong advantage by keeping a mental tally of every card dealt, and then adjusting the wager according to the value of the cards that remain in the deck.
The tactic requires both great memory and superior math skills. Made famous in books and movies, card counting is considered cheating, at least by casinos.
In most states but not New Jersey , known practitioners are banned. The wagering of card counters assumes a clearly recognizable pattern over time, and Johnson was being watched very carefully.
He had beaten the casinos fair and square. All of these gambling houses were already hurting, what with the spread of legalized gambling in surrounding states.
By April, combined monthly gaming revenue had been declining on a year-over-year basis for 32 months. For most people, though, the newspaper headline told a happy story.
An ordinary guy in a red cap and black hoodie had struck it rich, had beaten the casinos black-and-blue. It seemed a fantasy come true, the very dream that draws suckers to the gaming tables.
Despite his pedestrian attire, Don Johnson is no average Joe. For one thing, he is an extraordinarily skilled blackjack player. What gives Johnson his edge is his knowledge of the gaming industry.
As good as he is at playing cards, he turns out to be even better at playing the casinos. Hard times do not favor the house. Pennsylvania is likely to supplant New Jersey this year as the second-largest gaming state in the nation.
The new Parx racetrack and casino in Bensalem, Pennsylvania, a gigantic gambling complex, is less than 80 miles away from the Atlantic City boardwalk.
When you add gaming tables or slots at a fancy new venue like Revel, or like the Borgata, which opened in , the novelty may initially draw crowds, but adding gaming supply without enlarging the number of customers ultimately hurts everyone.
When revenues slump, casinos must rely more heavily on their most prized customers, the high rollers who wager huge amounts—tens of thousands or even hundreds of thousands of dollars a hand.
High rollers are lured with free meals and drinks, free luxury suites, free rides on private jets, and … more. The marketers present casinos as glamorous playgrounds where workaday worries and things like morality, sobriety, and prudence are on holiday.
He was the only Atlantic City casino executive who agreed to talk to me about Johnson. For the casino, the art is in telling the skilled whales from the unskilled ones, then discouraging the former and seducing the latter.
The industry pays close attention to high-level players; once a player earns a reputation for winning, the courtship ends. The last thing a skilled player wants is a big reputation.
Some wear disguises when they play. But even though he has been around the gambling industry for all of his 49 years, Johnson snuck up on Atlantic City.
To look at him, over six feet tall and thickly built, you would never guess that he was once a jockey. In his best years as a professional jockey, he was practically skeletal.
He stood 6 foot 1 and weighed only pounds. He worked with a physician to keep weight off, fighting his natural growth rate with thyroid medication that amped up his metabolism and subsisting on vitamin supplements.
The regimen was so demanding that he eventually had to give it up. His body quickly assumed more normal proportions, and he went to work helping manage racetracks, a career that brought him to Philadelphia when he was about He was hired to manage Philadelphia Park, the track that evolved into the Parx casino, in Bensalem, where he lives today.
Johnson was in charge of day-to-day operations, including the betting operation. He started to learn a lot about gambling.
It was a growth industry. He has served as a state regulator in Oregon, Idaho, Texas, and Wyoming. About a decade ago, he founded a business that does computer-assisted wagering on horses.
The software his company employs analyzes more data than an ordinary handicapper will see in a thousand lifetimes, and defines risk to a degree that was impossible just five years ago.
Compared with horse racing, the odds in blackjack are fairly straightforward to calculate. Many casinos sell laminated charts in their guest shops that reveal the optimal strategy for any situation the game presents.
More useful, for his purposes, is running a smaller number of hands and paying attention to variation. The way averages work, the larger the sample, the narrower the range of variation.
A session of, say, hands will display wider swings, with steeper winning and losing streaks, than the standard casino charts.
He does not just walk into a casino and start playing, which is what roughly 99 percent of customers do. But the vast majority of players lose, and the longer they play, the more they lose.
When casinos started getting desperate, Johnson was perfectly poised to take advantage of them. He had the money to wager big, he had the skill to win, and he did not have enough of a reputation for the casinos to be wary of him.
For Johnson, the game began before he ever set foot in the casino. Atlantic City did know who Johnson was. But he was not considered good enough to discourage or avoid.
Johnson had not played a game at the Borgata in more than a year. He had been trying to figure out its blackjack game for years but had never been able to win big.
The way any discount works, you have to lose a certain amount to capitalize on it. When this happened to Johnson, he knew the ground rules had skewed against him.
So it was no longer worth his while to play there. The casinos use computer models that calculate the odds down to the last penny so they can craft terms to entice high rollers without forfeiting the house advantage.
And then from that, we can make a determination of what is the appropriate [discount] we can make for the person, based on their skill level.
Johnson did not miss the math. Johnson could calculate exactly how much of an advantage he would gain with each small adjustment in the rules of play.
When Johnson and the Trop finally agreed, he had whittled the house edge down to one-fourth of 1 percent, by his figuring. In effect, he was playing a game against the house, and with the discount, he was risking only 80 cents of every dollar he played.
Danny Ocean might not give them many points for drama. The player is believed to have left Australia and returned home while a member of staff assigned to VIPs has been sacked.
As usual, the images were carefully monitored in a separate room, and nothing untoward was spotted. Staff confronted the man in the middle of the night, and ordered him and his family out of the building.
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