Poker pro Phil Ivey and his friend is ordered to give back about $10.1 million that they won from the Borgata casino in Atlantic City while they were playing cards and using a technique called "edge sorting" to improve their chances of winning.
The damages include $9.6 million which they won doing edge sorting while playing baccarat on their four visits, plus an extra $504,000 that Ivey had won a[...] Read more » Phil Ivey and friend ordered to repay $10M to Atlantic City casino
Joined: Oct '14
Location: Serbia
Age: 34 (M)
Posts: 4358
Posted by Tony_MON7ANA: Phil Ivey's net worth might appear to be a bit of an exaggeration. The figure represents the combined worth of his entire fortune. It does not necessarily mean that he holds enough liquid assets or other types of assets that are readily expendable.
exactly what i was saiying... there is no way he has 100m$ and maybe he doesnt even have 10m$ on his holdings to pay this... and he maybe have to sell some properties...
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20471
Posted by Joebottrop: i dont understand, why phil still play ..didnt he earned enough also his wife left him cause of gambling ..
its same that you say,why some football player dont stop to play,even he earned 200 million in career!ivy love to play poker,he wants to win tournaments and why to take more money from that!he enjoy in poker and make he do that best in life,so why to change "job"!
Joined: Apr '16
Location: Australia
Age: 52 (F)
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Absolute;y pathetic on behalf of the judge! Looks like someone could have been controlled by money somehow! The casino lost from their own fault as the player was smarter, but oh no, we can't have that! What a load of crap. I think good on him for figuring out what he had figured! I bet we wish we could all find a little something to turn the odds a little in our favour. Maybe if you do, dont gamble millions in one hit. What we learn from here is do not stand out with massive wins. I really hate when casino's become sore losers hey
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
the more this drags on the less i actually get to know who is right and who is wrong, who did a good job on who, and who was left out in the pouring rain. this story really shows that at times even the good guys cannot be separated from the bad guys and the bad guys cannot be separated from those who do all the separation stuff. crazy story really.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Gambling is what it is, gambling. At some point all these players need to stop play professionally and turn somewhere esle, spending their energy. That luck can ran out and then you just ruin what you were working for years, in a moment.
Posted by Mober: Gambling is what it is, gambling. At some point all these players need to stop play professionally and turn somewhere esle, spending their energy.
Tricking the casino into these shenanigans is very far from playing professionally IMO.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
I was talking about players in general and not Ivey. Ivey probably has lost the ball with poker games and has turned into this game in order to make his millions. Which of course is not the right way to win, as i have mentioned already.
Posted by Mober: I was talking about players in general and not Ivey. Ivey probably has lost the ball with poker games and has turned into this game in order to make his millions. Which of course is not the right way to win, as i have mentioned already.
Yeah, but imagine being yourself as somebody with a brain like the one Ivey has - would it be so hard earning decent money without these unnecessary gimmicks? I think not. But he is probably seriously addicted to gambling by now.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Like he is the only one addicted. Probably the majority of them are. When you see for example some pro's playing poker and then they start the silly side bets, for some crazy amounts of money, or the prop bets in general, then you know for sure
Posted by Mober: When you see for example some pro's playing poker and then they start the silly side bets, for some crazy amounts of money, or the prop bets in general, then you know for sure
Yeah, I was always thinking those silly side bets are a form of bullying to some. Never really understood what boredom could bring to these people.
I think this decision is wrong ... if the casino can not ensure their safety it is a problem and not the casino players .. of course for Phil, this amount is small but the solution principle it seems to me wrong ... good luck phil
