People tend to get in the highly competitive industry of sports betting for all the wrong reasons and quite often they deviate from the initial path. Many start their online gambling experience as a casual activity, but get in way over their heads, when they inadvertently move on to high stakes betting and high stakes betting sites, without checking a virtual betting guide.
Before you try beating the odds of high stakes bookmakers, it is essential to make sure that you can survive the odds beating you. This commonsense guideline needs to be at the cornerstone of any betting system to avoid an untimely conclusion of your gambling experience at high roller betting sites.
High stake bettors need to be aware of the fact that winning life-changing amounts with a minimal investment is nothing more than wishful thinking and in the absence of a clear plan and a coherent strategy, things almost always take a turn for the worse. High stakes betting has lots of risks.
- 1What is high roller sports betting?
- 2Joining The Exclusive Group Of High Rollers
- 3How to choose high stakes bookmakers?
- 4Is betting without limits possible?
- 5The Pitfalls of High-stakes Bets
- 6Tips & tricks for high stakes sports betting
- 7What to expect from betting high stakes?
- 8FAQ about high stakes online sports betting
You can start playing at a high stakes betting site right now: We checked the biggest bookmakers in the world and picked only the best ones. If you are looking for bookies that don’t limit your bets, check the list of our recommended and trusted betting sites right below: Any of them will be a good choice for high stakes betting.
Also, remember that a list of the best high stakes betting sites is not the only thing we can offer: We have a different list for low stakes betting sites too!
Best High Stakes Betting Sites in 01 October 2022 – Updated List
What is high roller sports betting?
Everyone has a different betting budget: Some of us set aside €10 for the job, others €100. Arguably, most bettors stay in the €10 – €1,000 range where a dime bet is the maximum. This group is called “casual” punters. You probably belong to this group – just like us.
However, there are also those who are willing to spend much larger amounts to bet. These people can spend hundreds of thousands of dollars on a single bet. Sometimes they spend millions of dollars: There is no real limit to this. High-stakes bettors are people ready to spend a huge bankroll for every bet.
It is not possible to tell what this bankroll amount exactly is, but usually, the low end starts at $10,000. A high stakes sports bet can go up to $100,000. People whose bets are in this range are called “high rollers”, and sites ready to accept their high bets are called high stakes betting sites. In this regard, there are two important things you should know:
Joining The Exclusive Group Of High Rollers
Finding the best betting sites with high odds is not an easy job. The higher the odds the higher the risks the same as low odds come with low risks. EVS betting, betting on 2.00 or 1/1 odds, could come as a good combination between the level of risk and the profits you can make. Check here our low odds laying system article for more info about this.
Sometimes players are so successful that they consider themselves ready to make the natural step further and move on to high-stakes wagers. Some international betting sites and Asian betting websites automatically upgrade those who accumulate the necessary number of comp points to VIP status and they are quite good at advertising the loyalty ladder.
Those who bet a lot of money over the course of one month are usually invited to join the exclusive group of big spenders. There are plenty of advantages associated to attaining the status, including access to free bets for existing customers, money back betting offers and better conversion of loyalty points.
What usually happens is that players who fancy the idea of betting with no limits need to get in touch with the customer support. These guys have the authority and tools necessary to bump the maximum limits for wagering, deposits and cash outs. Basically this is an incremental upgrade that can be done overnight or over a short period of time, in order to meet the increasingly high expectations of players.
Many bookmakers have their own list of excluded countries and residents of those nations are not allowed to sign up for real money account. Not surprisingly, they got the same attitude towards people who desire to turn into high rollers and choose not to allow the requested upgrade. It’s no coincidence that poorer countries are usually on the list, as the risks associated to fraud are higher and bookies don’t want to get themselves thrown into an international money laundering scandal.
Another reason for why some countries are constantly shunned is that over the course of time, their residents caused more bonus abuses, unlawful deposits and withdrawals than their foreign counterparts. It is also customary for bookmakers to gradually increase the limits instead of moving the sliders from low to high, so to some extent punters go through a testing period. At least in theory, it is also possible for players to be relegated to their former status or have the privileges removed.
How to choose high stakes bookmakers?
When it comes to choosing the best high stakes betting sites, we suggest you pay attention to the following points:
Is betting without limits possible?
Many of those who sign up for a real money account with high stakes sports betting sites are under the illusion that they will actually be allowed to wager as much money as they like. This is not actually the case and even high-stakes bookmakers are going to enforce certain limitations, to protect themselves from catastrophic losses.
When betting online, there are bookmaker withdrawal limits set for the minimum deposit and for the maximum deposit as well. Usually high stakes betting is something high rollers are interested in unlike those who prefer low deposit betting sites. Players are usually allowed to deposit in excess of $10,000 and cash out 10 times more, although some Asian bookies show a greater deal of flexibility. Investing as much as $100,000 and withdrawing a six digit amount in one clean sweep is aimed at attracting the high stake bettors which are commonly referred to as whales in this industry.
The rule of thumb states that the limits for withdrawals are larger than the ones for deposits. Regular bookmakers don’t allow customers to bet in excess of $5000 on a single match and sometimes this is actually the maximum amount that one can win with a single wager. High stakes sporting wagers online bookies are significantly more generous and players are allowed to bet as much as $50,000.
These websites are supposed to attract exclusively high rollers, but every now and then they act as magnets for overly ambitious punters. They seem to be a godsend for Martingale players, who assume that if they are given enough time to place increasingly larger bets, they will eventually crash the house. This always proved to be a costly illusion. With the Fibonacci betting system instead can be used with a low bankroll.
In addition to the otherwise common limitation regarding the maximum amount that players can wager and win on a single bet, there are also some daily thresholds to be aware of. Sportsbooks that allow high-stakes bets quite often cap the profits one can secure over the course of 24 hours. The maximum payouts count in hundreds of thousands of dollars, millions for some, and they serve the purpose of limiting the size of the losses the house can suffer over a single day. In our biggest winning bets article we list the top highest winnings in betting history, along with a top of the bookmakers with the highest payout limits. It’s a bit ironic that international gambling companies don’t have the same limitations when it comes to losing players, as they are allowed to bet as much as they want as long as they keep losing.
The Pitfalls of High-stakes Bets
The obvious inconveniences associated to high stakes wagers have to do with the risks taken by players and the possibility of losing a lot of money quickly.
Tips & tricks for high stakes sports betting
Here are a couple of high stakes betting tips that can help you:
👉 Check the maximum payout of bookmakers. Even high limit betting sites have payout limits and there is no point in betting with high limits if you cannot withdraw your winnings.
👉 Make sure to check the available bookmaker’s payment methods of the betting sites with high stakes. Some methods (i.e. credit cards) are not suitable for transferring large amounts, for example. Speaking of which, we recommend playing at instant withdrawal bookmakers so you can start counting your winnings faster.
👉 Using a bankroll management system is the key here: Do not use all your budget in a single bet, for example. Instead, divide it into several units and place multiple bets with high limits. Check our brilliant bankroll system guide for more info.
👉 Just because you are playing with big amounts does not mean you should take big risks. Try high stakes low risk betting: Place a big bet on the favorite, for example. In other words, avoid taking unnecessary risks.
What to expect from betting high stakes?
- Big wins
- Special treatment at bookmakers
- Exclusive bonuses
- Big losses
- Not for everyone
Responsible gambling when placing high stakes bets
All online gambling operators that have their headquarters located in jurisdictions where these activities are strictly regulated, need to uphold the highest standards of responsible gambling. This naturally applies to high rollers and the bookmakers catering to their every need.
One of the common arguments used by bookies is that the betting limits are in place to protect the customers and make sure that they don’t play above their means. It’s not a lie if you believe it, but truth be told, bookmakers are more concerned about being themselves safe. They go to great lengths to paint the advantages of VIP membership while downplaying the rake charged or the proverbial house edge that applies to all sports betting.
Chasing losses is always dangerous regardless of the size of the financial betting commitment. If you fall off the wagon, the odds of realizing the trouble you are in are not that great and even those who finally decide to seek help usually lose heaps of money until they actually stop.
Responsible gambling is unfortunately too often nothing more than a fancy term that is rather shallow and doesn’t act as the safety net it is supposed to be. Having a dedicated account manager mostly helps punters with their technical betting problems, rather than helping them fight gambling addiction.
It might sound as a cliché, but the biggest threat to the well-being of punters in general and high rollers in particular, is to bet at stakes they simply can’t afford. At the first sign of trouble, players should use the radical, but highly effective tool of self-excluding until they are once again in control of their gambling routine.
FAQ about high stakes online sports betting
If you are a high roller, sure. Bookmakers will not increase any limit for casual bettors, but for people who are ready to spend tens of thousands of dollars on every bet, they can make an exception.
Yes, but this is a standard practice in Responsible Gambling. Even if you are not a high roller, you can always ask for a decrease in your betting limits, this is called “self-exclusion”.
Absolutely. VIP members are usually high rollers, and they get special treatment, as we mentioned above. As a part of this package, they get higher bet limits too.
Bank transfers will be the best option. Credit cards and e-wallets are not suitable for transferring very big amounts: When it comes to sending or getting 100.000 USD, for example, bank transfers are still the best option.
There are two kinds of payout limits: The first one defines how much you can withdraw in a particular period (i.e. every month). The second one is the overall maximum limit of the bookmaker. If your win exceeds the overall limit, you simply forfeit it.
Because it is profitable. High roller players lure more customers, and they don’t always win. When they lose, they lose pretty big amounts. Bookmakers know that in the long run, the house always wins.
We already picked the top high stakes betting sites for you
We know the best high limit sportsbooks and high roller casinos out there: No matter what kind of high stakes betting you are interested in, at least one of them will be the right choice for you. Check the risk free bet offers and loyalty and VIP bonuses of these sites, pick one, and start to make money with sports betting today! Remember that we regularly update our content, so keep visiting us to see the latest list of the best high stakes betting sites out there. Good luck!