November 16, 2023
Charles Perrin is a self-employed betting expert working with various gambling brands. Prior to that, he was the overnight digital sports editor for the Daily Express. Specialises in contributing tips on a multitude of sports, including football, golf, and tennis.
Sports betting has enjoyed exponential growth over the past few years. Moreover, UK bettors are demanding more from the sites they play at to provide an enriching betting experience.
Well, those who enjoy high stakes sports betting will be more inclined to side with those bookies who provide value for money. But what is high stakes betting? And where should you play at? We will answer this and more in our comprehensive guide, so buckle up for our whistlestop tour!
What are High Stakes Betting Sites?
High stakes betting sites allow you to place bigger bets in exchange for a significant sum of money should you win, and therefore they carry more risks. The best high stakes betting sites will have a regular gamut of sports for you to place wagers on, and you will be able to bet online or in-person. This includes, but isn’t limited to:
Compared to traditional bookmakers, the best high stakes bookmakers will be able to attract a more sophisticated clientele, who will be able to stump big wagers, and cushion the financial blow. Well, that’s because they will have a bankroll, and may be able to sacrifice more units per wager.
You will find that with high stakes sports betting, players will be happy to expand their range of bets, and that will include hedging. This entails covering both sides of a wager to ensure they limit potential losses.
Best High Stakes Bookmakers Compared
| Bookmaker | Max Payout | Max Deposit | Max Payout per transaction |
|---|---|---|---|
| Ladbrokes | £1,000,000 | £2,000 | £55,000 |
| bet365 | £100,000 | £100,000 | £100,000 |
| Coral | £500,000 | £2,000 | £20,000 |
| BetVictor | £25,000 | N/A | N/A |
| Betfred | £100,000 | N/A | £100,000 |
| 888Sports | £250,000 | £50,000 | £250,000 |
| Parimatch | £500,000 | £5,000 | £500,000 |
Best High Stakes Betting Sites in 2023
Let’s now take a deep dive and explore the best sites for high stakes betting. These have been ranked in order of the maximum payout bookies, from top to bottom.
Ladbrokes
Offering a maximum payout of £1million, as far as bookmakers maximum payouts go, Ladbrokes is the most generous. One of the most established operators around, Ladbrokes is also highly versatile, and it supports a variety of payment methods, including e-wallets.
Parimatch
Live streaming is all the rage at Parimatch, but it also delivers as a high stakes betting site. It boasts a great range of markets, and it is well designed which will suit both high rollers and novice bettors alike.
Coral
Like Parimatch, Coral offers a maximum payout of £500,000, so it is joint-second on our list of high stakes bookmakers. There is a wide range of payment methods for making deposits, including Neteller and Skrill. However, the only drawback, is that there is little in the way of offers for existing customers.
888Sports
Slick in its appearance, 888Sports will leave you delighted if you are a high roller. Boasting a maximum payout of £250,000, 888Sport also has a superb app that is conducive with iOS and Android devices.
bet365
bet365 is a jack of all trades and it is superb for mobile betting. What’s even better, is that you can a maximum payout if you win betting on your favourite sports which isn’t too shabby either!
Betfred
Also, one of the oldest UK bookmakers in the game, Betfred is renowned for horse racing. That said, it also has an intuitive bet builder, and you stand to receive a maximum payout of £100,000.
BetVictor
Rounding off this decorated list is BetVictor, which has a maximum payout of £25,000. And aside from suiting high rollers, you will also notice that BetVictor has a running blog, so you can keep up-to-date with the latest sports news and tips.
Advantages of High Stakes Betting Sites
High stakes bookmakers can be extremely appealing, and we have explained why below.
#1 – Higher payout percentages
The more you bet, the rewards will be greater in terms of payouts you will receive at the best high stakes bookmakers. You may find more competitive odds, and with bigger wins, you can keep your bankroll ticking over nicely. After all, that is why you join a betting site.
#2 – Larger betting limits
Moreover, the higher stakes bookmakers you will encounter will have larger betting limits when it comes to depositing for a wager. With bigger betting limits, the more experienced bettors will like to test the waters and try different markets or have an accumulator to spice their wagers.
#3 – VIP programs and bonuses
Naturally, with high stakes betting, the level of bonuses afforded is better. This can range from free bets to reload bonuses to a refer a friend style deal. With the latter, you will benefit if you convince a friend to sign up.
Some high stakes bookmakers will also have a VIP program, so that players can climb the ladder and compete for a plethora of prizes, such as hotel stays or cash, and make their time worthwhile at a site.
#4 – Access to exclusive events and promotions
It pays off to keep your nose to the ground at high stakes bookmakers. You will get the lowdown first on exclusive events, such as tickets to a high-profile sporting event, and you will be able to activate hard-to-find promotions.
You will be made to feel special at the site or sites you play at.
Risks of High Stakes Betting Sites
While high stakes betting sites stand out, there are also a few risks associated with them you ought to be aware of before you sign up.
#1 Potential for addiction and loss of control
There is a common perception that players could get addicted when playing at high stakes betting sites. You may get too greedy, and instead of knowing when to stop, you continue to bet instead of cashing in and walking away.
Over time, losses can spiral out of control, and more often than not, it is easy to lose sight of the end goal and gamble recklessly.
#2 Greater risk of losing large amounts of money
The higher the stakes, the greater the possibility your financial plan could be thrown into tatters. As a bettor, you could be tempted to try virtually every market going, and by increasing the stake amount/s, you could find yourself in trouble quickly.
Therefore, as mentioned before, those who aren’t level-headed or calm under pressure could quickly get into trouble by playing at high stakes bookmakers.
#3 Lack of regulation in some countries
Unlike the UK, there are some sites across the world, whereby some players may decide to play loose, and proper verification checks aren’t carried out on users before they sign up for a site.
As such, some players can slip through the net. Any maximum payout bookies that aren’t thorough or meticulous with their registration processes should act as red flags. You should steer clear and avoid them at all costs to have a safer and more securer betting experience.
VIP and Loyalty Programs for High Rollers
VIP and loyalty programs are designed to incentivise the most loyal customers playing at bookmakers. While they aren’t all the same, loyalty programs will have a degree of creativity, and above all else, they will be original.
Moreover, good VIP programs will be able to create a more personal experience with their users. So, whether you are interested in betting on Esports or general sports for that matter, the programs won’t discriminate, and you will be able to make the most of them. Below are a few offers you can expect to find with VIP programs:
- Holidays
- Cash prizes
- Free bets
- Rewards clubs
- Exclusive enhanced bets
Coral VIP program
As one of the best high stakes betting sites, Coral has never lost sight of its customers. Aside from lucrative bonuses, there is an extensive loyalty program that has been rolled out to its most regular users. This entails staking £10 on Coral games, and in return, receiving competition points.
So, for example, if you obtain a Bronze membership, then you will gain more points than you did previously. You will be required to deposit £1,000 to gain 1,500 comp points.
And if you reach Gold level membership, you will get some decent perks, such as personalised management and a review of your accounts, as well as hospitality treatment at top sporting events, as well as a monthly reload bonus of £1,000. What’s there not to like? It is one of the strongest VIP programs in the industry.
888Sport VIP Program
Unlike Coral, 888Sport centres its focus on providing a cashback offer. As a VIP, you will be automatically entered into the program, and you can win a cash prize of up to £500 weekly if you place money on pre-match or in-play betting markets at odds of 1/2 or greater.
We have provided below the typical amount you can expect to receive based on your weekly stake amount. It is also one of the easiest VIP programs to understand:
- £250-£999 (Cash reward – £25)
- £1,000-£2,499 (Cash reward – £50)
- £2,500-£4,999 (Cash reward – £75)
- £5,000-£9,999 (Cash reward – £125)
- £10,000-£19,999 (Cash reward – £250)
- £20,000 or more (Cash reward – £500)
Best Deposit Methods for High Rollers
It’s time to assess some of the best payment methods for depositing large sums of money at high stakes betting sites:
Debit cards
Debit cards have become a trusted payment source for bettors, and they are still widely used. They are traditional, and at some of the best high stakes betting limits, you can deposit as much as £20,000 per day. We have highlighted the pros and cons of using debit cards:
Pros
- High maximum deposit betting limits
- Safe and secure to use while online
- Usually works in tandem with other offers available
- Trusted payment option for bettors
Cons
- All transactions will appear on your bank statement and it can lower your credit rating
- Can sometimes incur additional fees while using this payment method
E-wallets
More high stakes betting sites have hopped on the e-wallet bandwagon, and there will be a variety of digital payments, such as PayPal and Skrill that will be accepted. In some cases, the maximum deposit limit with e-wallets will be £5,000. Check out below the pros and cons associated with using this payment method:
Pros
- Quick source of payment for making deposits
- High security protocols incorporated, so your financial data isn’t compromised
- Widely accepted by most bookmakers nowadays
- Provides speedy withdrawals too
- Can be used in conjunction with loyalty programs available at betting sites
Cons
- Need to sync your digital wallet with your bank account which can take some time to sort out
- Usually have lower maximum deposit limits compared to debit cards
Apple Pay
This could quite conceivably have fallen under e-wallets as Apple Pay is a form of digital payment that can be used to make deposits at betting sites. With Apple Pay, once you have downloaded your bank method onto your wallet, you will be able to use FaceID, and deposits can be carried out quickly. Here are the pros and cons connected to it:
Pros
- More popular than its Android equivalent Google Pay
- Works with and is compatible with multiple debit cards
- Two-factor authentication provides layers of security
Cons
- You can only use Apple Pay on iOS devices
- You may not be able to make withdrawals with Apple Pay, and will have to find an alternative payment method
Maximum Payout for Sports
Let’s see how the above bookies compare when it comes to maximum payouts for the following sports — football, horse racing, cricket, and tennis:
| Sportsbook | Football (Maximum payout) | Horse racing (Maximum payout) | Cricket (Maximum payout) | Tennis (Maximum payout) |
|---|---|---|---|---|
| Ladbrokes | £1,000,000 | £1,000,000 | £250,000 | £250,000 |
| bet365 | £2,000,000 | £1,000,000 | £250,000 | £500,000 |
| Coral | £1,000,000 | £1,000,000 | £100,000 | £250,000 |
| Betfred | £1,000,000 | £1,000,000 | £100,000 | £100,000 |
| BetVictor | £500,000 | £250,000 | N/A | £100,000 |
| 888Sports | £250,000 | £100,000 | N/A | £150,000 |
| Parimatch | £500,000 | £500,000 | £100,000 | £100,000 |
Tips & Tricks for High Rollers at Betting Sites
If you want to make the most of your time playing at high roller betting sites, then the following tips should come in handy:
#1 – Don’t tilt when it comes to making bets
While tilting is essentially a poker term, it can still be used to refer to other forms of betting. If you tilt, you will be highly emotional, and you will lack clarity when it comes to your wagers. Instead, be calm and controlled, and bet with your head rather than your heart if you want to yield profits in the long term.
#2 – Manage your bankroll effectively
If you are an experienced bettor, one of the fundamental aspects of betting is keeping on top of your bankroll. Don’t let things spiral out of control and set a budget per bet, so if things go wrong, you can take charge and steer things back on track.
#3 – Look out for promotions
Promotions will be your best companion at a betting site, and they can range from free bets to other lucrative, such as cash prizes. Be prepared to keep your nose to the ground and pounce when promotions pop up, as they will enrich your betting journey.
#4 – Hedge your bets
This is a more over-arching or sophisticated betting method that will suit high rollers. With hedging, the objective is to cover both sides of the bet, and it will also go some way to limiting any potential losses down the line. Make sure you choose betting markets wisely before carrying out hedge bets.
#5 – Take advantage of in-play betting markets
In-play betting markets are inherently fun as you can see the action unfold with up-to-date stats, and you will also be in control of your wager. To prevent losses from stacking up, you will be able to cash out as and when necessary. Most sites will allow you to cash out your wager in its entirety.
High Stakes Betting Sites – Conclusion
High stakes betting sites shouldn’t be underestimated, and as we have seen, they provide tremendous maximum payouts per sport, and Ladbrokes is a good starting point if you want to keep your bankroll ticking over.
Inevitably, high stakes bookmakers carry more risk, but if you are sensible and have a strategy in place, such as avoiding tilting on bets, then you will be well placed to take advantage. If our guide has inspired you, then visit a high stakes betting site and start playing today!
FAQs
Can you win money playing at high stakes betting sites?
Yes, but you have to weigh up the risk/reward element. You can win large sums of money if you place a big stake on a sporting event at a site that carries longer odds.
What strategies should you use for high stakes bookmakers?
There isn’t a one-fit-all type of strategy that can be used. However, you should manage your bankroll effectively and hedge your bets from time to time to prevent big losses from racking up in the long term.
Which is the best high stakes betting site?
Our research has determined Ladbrokes to be the best. Apart from publishing competitive odds and having an excellent mobile betting platform, you can receive a maximum payout worth £1million.
What are the VIP and loyalty programs like at high stakes betting sites?
These will vary from site to site, however, they can be very lucrative. You could receive points, cash prizes, or even holidays, and they are certainly worth signing up for if you intend to spend a long time playing at one site.
About the author
Charles Perrin is a self-employed betting expert working with various gambling brands. Prior to that, he was the overnight digital sports editor for the Daily Express. Specialises in contributing tips on a multitude of sports, including football, golf, and tennis.
