While some people might consider bingo as a game that couldn't be taken seriously or just something to pass time, one needs to look at the possibilities of profit it offers. While high-stake bingo might seem a contradiction in itself, given that payoffs in bingo are often not that large, it is still plausible, and more profitable than other chance games like slots or roulette. And because online bingo games make it comfortable for a player to handle many cards at once, it is much more possible today.
Think about the nature of bingo: a player handles cards that have twenty five numbers each, and waits for them to be called in a pool of seventy five numbers. This means that bingo is a game of pure chance, that is, pure mathematical probability.
Compare this to other chance games: modern slots which now rely on random number generating systems, which makes winning rely on pure luck and not on strategy. The same goes for roulette, which may employ strategy but is still based on luck rather than chance.
Bingo, on the other hand, since it is relying on mathematical probabilities, makes winning possible through exhaustion of chance. This means that at a certain number of cards, you are certain to win; and at a certain number of games, you are sure to win at least once.
High-stakes bingo means exhausting the probabilities of winning through buying the maximum number of cards. However, this does take into consideration the fact that your aim is to profit, and not only win. This means that the number of cards that needs to be bought should be relative to the amount of the pot.
For example, a ten-grand pot implies that you should not buy cards amounting to ten grand or more, since if you do, there wouldn't be any profit even if you win. The best way to gauge how many cards one should buy is to take 50%-70% of the jackpot and use that amount as your maximum bankroll.
So for example, an online bingo jackpot amounts to ten thousand, then in order to exhaust chance and still profit, one needs to buy cards worth five thousand up to seven thousand. This means that once you win, you either double your money or profit a considerable percentage of it.
In order to play bingo in a high-stakes manner, one needs to consider playing it online. This is the most practical way, since it is difficult to handle numerous physical cards at once. Online bingo also offers mechanisms that make a player's life easier. For example, most online bingo sites have auto-daub mechanisms, which mark the called numbers on the player's cards automatically.
Remember: bingo is not just a pastime or an old man's gambling game. One could profit in bingo if one would just strategize appropriately. Since bingo is a game of chance, then exhausting that chance would be the proper goal. To do this, one must consider playing in online bingo, in order to handle the maximum amount of cards possible, and win by doing so.