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oct
6

Phil Ivey In High Court: "I consider all the strategies I use to be lawful and I would never cheat in a casino"

Tags: Crockfords, edge-sorting, high court London, phil ivey, Punto Banco.
Posted on 06 October 2014 by "T".

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 against the house). Ivey admitted that he had used the strategy and said that it wasn't cheating. 

The poker star is currently in High Court in London in an attempt to sue the owners and get his winnings. According to bbc news, he told the court that his edge-sorting technique is perfectly legitimate.

Ivey said: "I consider that I would not be doing my job very well if I did not seek to use to my benefit weaknesses that I identify in the way that casinos set up or offer particular casino games"

"I use a variety of strategies whilst playing in casinos. No system is fail-safe and each time I play I risk failing to execute the strategy properly - some of these are very complex or difficult to execute - which usually results in me losing a lot of money.

Ivey claims he has been unfairly treated...
"I consider all the strategies I use to be lawful and I would never cheat in a casino. It is not in my nature to cheat and nor would I risk my reputation by acting unlawfully in any manner."

"We observe the unwritten doctrine: how do I find a legal way to beat the house? Any method that could amount to cheating would breach the doctrine and cause you to be ostracised by your fellow players - we are all very careful to stay the right side of the line and we discuss advantage play strategies at length."

Mr Ivey told the court that he also used the technique in Australia and the United States together with his friend Cheung Yin Sun, who taught him the strategy in 2012.

He said: "We won substantial sums of money doing so and we also lost substantial sums along the way when we got the strategy wrong or were not able to execute the sorts because of effective casino game protection methods."

"At all times when edge-sorting, I considered that Kelly and I were playing lawfully and it never occurred to me that edge sorting could ever be viewed as an unlawful strategy. I continue to believe that it is lawful."

If everything goes according to the plans, this case will finish sometime this week. Stay tuned for more update!

 


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7 comments for "Phil Ivey In High Court: "I consider all the strategies I use to be lawful and I would never cheat in a casino""

 shokaku06/10/2014 07:43:47 GMT
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.
 doubletop77706/10/2014 09:00:46 GMT
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
 yout8506/10/2014 10:18:26 GMT
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.

Just pay the man already.
 jomull5706/10/2014 11:03:44 GMT
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
 klash2306/10/2014 12:30:16 GMT
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.
 zeroster06/10/2014 14:19:04 GMT
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.
 Heskor06/10/2014 14:34:26 GMT
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!


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