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oct
9

Phil Ivey Loses £7.7 Edge-Sorting Case in High Court

Tags: baccarat, cheating, crockfords, edge-sorting, high court london, Phil Ivey.
Posted on 09 October 2014 by "T".

Crockfords' lawyers successfully convinced the high court in London that Ivey's edge-sorting technique, which the 10-time WSOP bracelet winner used to win £7.7 million playing Baccarat last year, wasn't legitimate. Judge John Mitting said that Ivey's technique used was considered as cheating under civil law.

"As I said in court, it's not in my nature to cheat -- and I would never do anything to risk my reputation," he said in a statement. "I am pleased that the judge acknowledged in court that I was a truthful witness by saying that, 'I am entirely convinced that Mr. Ivey did not consider that what he was doing was cheating.'

"I believe that what we did was a legitimate strategy -- we did nothing more than exploit Crockfords' failures to take proper steps to protect themselves against a player of my ability -- clearly today, the judge did not agree."

"Crockfords is pleased with the judgment of the High Court today supporting its defence of a claim by Mr. Ivey,"the casino said in a statement. "It is our policy not to discuss our clients' affairs in public and we very much regret that proceedings were brought against us. We attach the greatest importance to our exemplary reputation for fair, honest and professional conduct and today's ruling vindicates the steps we have taken in this matter."



source:espn


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6 comments for "Phil Ivey Loses £7.7 Edge-Sorting Case in High Court"

 doubletop77709/10/2014 09:31:42 GMT
I am quite surprised at this verdict because i thought he was just exploiting an edge he had found. An enormous amount of money to lose even for Phil Ivey and i bet he was not the happiest man last night
 pochui09/10/2014 09:37:33 GMT
well, the old cliché saying "you cannot beat the house" is still true.

poor ivey, now all that is left for this mega talented poker player is to take a no deposit bonus from bankrollmob and start rebiulding his wealth at the micro stakes and freerolls. bet next moth ivey is gonna top the brm leaderboard
 klash2309/10/2014 11:46:35 GMT
So the casino will not pay out even though the player used a casinos own rules,own dealer and own cards to win some money?
The next time a casino loses a large sum of money in baccarat can the casino now refuse to pay unless you prove you were not edge sorting?
If you read the full facts of the case there are a few things that do not add up such as the lady he was with had a reputation for doing this at casinos and she may even had been banned at some casinos and even though Ivey had this case against him casinos are still allowing him to play private games.
In the most recent lawsuit it has been claimed by the casino that Ivey insisted on his own "superstitious"terms such as what colour and brand the deck of cards would be and how the dealer places the cards.
 yout8509/10/2014 22:59:33 GMT
....Surely with these "superstitions" they were fully aware what was going on.

I'd bet my bottom dollar that they allowed him to have it his way, and to continue gambling, knowing full well that if he won they would refuse to pay out... and if he lost... they win anyway.

Win win.

Greedy robbing bastards.
 superthight10/10/2014 01:33:35 GMT
now we now that casino are truly scams and not to be played at least players decreasing knowing that theres no profit instead bankrupsy against part of the player hope that more people read this and avoid playin casinos anymore .
 frontiere10/10/2014 17:05:43 GMT
just dont play casino games , thats all , they are scams

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