If you think about it, one of the biggest benefits of playing casino games online is being able to play for free. This option of practice play gives newbies the chance to try out new games and hone their skills on games like poker or blackjack before hitting the casino floor. But while fun and certainly educational, playing for free really isn’t going to do much for your bankroll. After all, the whole point of gambling online is having the opportunity to win real money. While some players jump headfirst into the world of real money play, others require a gentle push.
We all have different tastes when it comes to gambling and different styles of play. Some players enjoy slots, while others prefer table games. But what about the betting stakes? Do high stakes and low stakes players share the same interests? Does it all just come down to access to funds or is there more to understanding the stakes than meets the eye?
We can start off by defining the word stakes and how it is used in casino lingo. Simply put, the stake is the amount of money you want to bet on a casino game. Low stakes casino games are games that require a small amount of money and high stakes games are games that require a lot of money.
High Rollers and Low Rollers
Players who enjoy playing high stakes games are often referred to as high rollers or whales. These are players who arrive at the casino in a limousine with a briefcase full of cash. On the other side of the spectrum, players who enjoy low stakes games are called low rollers.
Let’s take a look at a simple example. All top-rated online casinos offer a range blackjack games with both high and low stake options. In low stakes blackjack, you might find that at minimum bet is around 1 to 5 coins. This means that every time you play a hand, you are going to bet 5 coins. If you win, your money will be doubled to 10 coins but if you lose, you are only losing 5 coins at a time.
How The Stakes Affect the Payout
On the other hand, if you find yourself at a high stakes blackjack table, the minimum bet might be as high as 50 coins. For every hand you win, you can expect a minimum payout of 100 coins, but for every hand you lose, you are losing 50 coins at a time. As you can imagine, you would have to have quite a large bankroll to play high stakes blackjack.
In most cases, the type of stakes you play is entirely dependent on the amount of money you bring to the table. If you walk into the casino with just a couple of bills, chances are you will be spending the evening playing low stakes slots at 0.01 coins per spin.
Playing Low Stakes
Online and land based casinos offer both high and low stakes games. Your job is to decide what stakes you should be playing and when. Each option has its advantages and disadvantages. If you are new to the world of online gambling, it is best to start off with low stakes games, particularly if you are going to play table games.
Even if you have the money to spend, there is no point in blowing your bankroll when you can bet low and extend your time at the casino. Only once you have mastered the game should you up the ante and head to the high roller tables.
The Benefit of High Stakes Games
The benefit of high stakes games is quite obvious to see. The higher your bet, the bigger the payouts. You may have heard of people who have won a couple of million at the blackjack tables in Vegas. What you don’t realise is that each hand played had a minimum bet of hundred grand or more. At the end of the day, you have to be prepared to lose what you have for a chance to win big. Setting a budget is the first step to successful online gambling. When it comes to table and card games, your stake level should directly correspond to your level of skill and potential for reward.
Setting the Slot Stakes
This is why slot games are incredibly popular. For all intents and purposes, slots are casino games where the stakes are fairly low, but the payouts quite high. Most online video slot games give players the option of setting the stakes at the start of each spin. This betting range can be anywhere from 0.01 up to 10 coins per payline.
Obviously, the higher the stakes, the bigger the payouts. You should be aiming to find a balance where the stakes suit your bankroll and the payouts are sufficiently high enough to warrant the price. If you take a look at progressive slots, the progressive jackpot can only be won on a maximum bet playing all the paylines.