The low popularity of the game of high stake craps is pretty surprising, considering that the nature of the craps gambling dictates the winning are directly proportional to the sums that players are willing to invest. To put it simply, the higher bets proprietary to this particular form of craps are able to yield large profits, providing of course that the player wins the roll. However, this principle does not really apply here. Before we proceed to explain the rationale, let’s first learn the basics of the high stake craps.
What are high stakes craps?
In most casinos, the maximum stake limit per roll in the game of craps is around $1,000. Therefore, the players are not allowed to bet more, even though the table is referred to as high limit. However, certain online and offline gambling establishments offer their customer the possibility to bet up to $5,000 or more on each dice roll. At the same time, since the other players at the craps table are also placing similarly large bets, you can safely say that you are taking part in a high stakes craps game. And, as previously mentioned, due to the rewards as well as the potential losses, there is plenty of excitement and adrenaline involved.
The craps player psychological stereotype
Well-versed gambling enthusiasts know that the primary trait that defines a diehard craps player is, beyond anything else, ambition. Craps is the type of game where luck and chance play a huge role, because there is no way to predict what the next dice throw will be, no matter how much you apply statistics to it. The craps player knows and respects this principle, but he also knows that the potential profits are worthwhile, which is the motor behind his decision to play against the odds. However, when high stakes are involved, there are two components that typically make him change his mind.
1. Financial
Unlike poker, craps is not the kind of game you can play for a living because it cannot present 100% guaranteed success, irrespective of your skills. Therefore, since the vast majority of craps players does not comprise of extremely wealthy individuals, very few individuals can actually afford the minimum stakes proprietary to these tables. The budget that most of them allocate for a session of craps consists primarily of what’s left of their income AFTER paying the utility bills and the mortgage, AFTER purchasing aliments and the necessities for their family as well as saving some cash for the rainy days. Safe for the players with gambling problems, few are willing to risk financial ruin just to play high stakes craps.
2. Psychological
The second component involves the psychological principle that dictates the fright of losing cash overpowers the desire to win cash, which is the case for most craps players. In other words, if in order to earn a large profit they would be forced to risk their financial safety, the “self preservation” instinct is triggered, making the gambler less likely to partake in a game of high stakes craps. That is why most prefer the low stakes craps tables.