In August 2012, Phil Ivey won a massive £7.7 million playing Punto Banco at Crockford's. The 10-time World Series of Poker bracelet winner asked to have his winnings wired, but the London-based casino only transferred his initial £1m stake as they suspected him of cheating by using an edge-sorting technique (exploited errors in a deck of playing cards in order to gain an advantage agai[...] Read more » Phil Ivey In High Court: "I consider all the strategies I use to be lawful and I would never cheat in a casino"
Joined: May '08
Location: Germany
Age: 59 (M)
Posts: 6786
Good luck with this line of argument. Online the casino would just refuse to pay, if they think they got cheated, and there is little a player could do about it. In the real world one can at least go to a court. But i doubt this will be sucessfull.
Joined: Mar '11
Location: United Kingdom
Age: 55 (M)
Posts: 7371
I think they should pay him out. He has found a way to get an edge against the house and has exploited it to his own advantage, well done to him i say and if he had lost doing this, there would have been nothing said
Joined: May '12
Location: United Kingdom
Age: 38 (M)
Posts: 2064
Ridiculous that they won't pay out. Casinos will exploit every method they can to take money from anyone who is foolish enough to try and take it from them... Then when someone wins by means of good observation and odds calculations (ie - GOODD GAMBLING TECHNIQUES), they say they are cheats and refuse to pay out.
It's a joke.
For those of you who don't know - what Ivey was doing was noticing imperfections on cards, and using that info, along with a rather difficult system of assigning values to cards to turn the odds in his favour.
HE WAS NOT CHEATING.
If the casinos equipment wasn't crappy, there would be no imperfections to notice and it wouldn't be an issue.
so it is a bit like using marked cards and wining. but it was not him who marked them it was the casino using old cards with scratches and nicks so its ther own fault . pay him 7mill will be not much to ether of them but that is not the point
Joined: Mar '12
Location: United Kingdom
Age: 45 (F)
Posts: 2261
The casinos know that professional gamblers use this strategy and it was up to the casino to make sure the cards they used were good. Ivey said he had used the tactic numerous times and had also lost millions and I'm sure the casino were not complaining then.The casino also sent a private jet to pick him up so they were obviously happy to have him at the casino. Apparently he was playing 50k a hand and frequently,while losing money,he asked for the deck of cards to be changed until he found a deck he was happy with and then upped his stake to 150k a hand but kept the same deck from then on. I think the clues as to what was going on were there but the casino was just plain greedy and very naive.
Joined: May '11
Location: United Kingdom
Age: 58 (M)
Posts: 1372
Ridiculous that it should come to this. It's easy to nullify the edge sorting technique by turning half the deck 180 degrees half way through the shuffle.
If casin0s can't be bothered to take that small step then they deserve to lose.
Joined: May '13
Location: Mauritius
Age: 32 (M)
Posts: 2688
yeah he is right why risk his reputation he took years to build just for 7.7million, this is not enough to tempt a man like him with so much cash but you never know maybe he just had a bad day lol, also i know of a story of an old wealthy man who steal as he has nothing else to do lol. Anyway like him as a player and thinks he would never cheats and more go to the grey areas lol.
Anyway have a nice day guys gonna go eat now!
BankrollMob Forum » News » Phil Ivey In High Court: "I consider all the strategies I use to be lawful and I would never cheat in a casino"
