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FleaStiff
FleaStiff
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October 7th, 2012 at 11:53:04 PM permalink
Playing Punto Banco in a Mayfair casino, Phil Ivey is said to have done too well at a simple game and despite the casino having made no specific allegations they returned his initial one million pounds but will be settling the remainder of the dispute in court.

Daily Mail .

He was accompanied by an Oriental woman whose membership in a separate Mayfair casino is blocked for an unstated reason.

The casino had no objections during his two nights of play when he was down 500,000 pounds, they seem only to object to his winning.
sodawater
sodawater
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October 8th, 2012 at 12:02:46 AM permalink
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Last edited by: sodawater on Oct 1, 2018
odiousgambit
odiousgambit
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October 8th, 2012 at 12:07:48 AM permalink
Quote: FleaStiff

Playing Punto Banco in a Mayfair casino



Another name for baccarat, btw.

Quote: article

betting £50,000 a hand



They ought to be ashamed of themselves, if you allow that kind of betting you should be prepared to pay.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
EvenBob
EvenBob
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October 8th, 2012 at 12:17:30 AM permalink
Gee, what a surprise. Once again a casino says, come,
give it your best shot. And when somebody does, the
casino refuses to pay. How exactly was he cheating at
bac? They reviewed every inch of tape and found nothing.

And they wonder why casinos are called the Dark Side..
"It's not enough to succeed, your friends must fail." Gore Vidal
EvenBob
EvenBob
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October 8th, 2012 at 12:21:46 AM permalink
Quote: odiousgambit


They ought to be ashamed of themselves, if you allow that kind of betting you should be prepared to pay.



And its Crockfords, ferchrisakes. The oldest and most
respected casino in England. I'm embarrassed for them.

Betting steaks in bac, at $50K a hand, he had a bit of luck.
Bac is a streaky game, they should pay up and move on.
"It's not enough to succeed, your friends must fail." Gore Vidal
sodawater
sodawater
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October 8th, 2012 at 12:23:17 AM permalink
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Last edited by: sodawater on Oct 1, 2018
MonkeyMonkey
MonkeyMonkey
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October 8th, 2012 at 1:21:09 AM permalink
Quote: EvenBob

Gee, what a surprise. Once again a casino says, come,
give it your best shot. And when somebody does, the
casino refuses to pay. How exactly was he cheating at
bac? They reviewed every inch of tape and found nothing.

And they wonder why casinos are called the Dark Side..



I found the article to lack a lot of detail, there may be something to all of this, or maybe not. In any case, you can't believe everything you read on the internet. Example:

Quote: From The Article This Thread Is About


Over the years, professional gamblers who have developed some kind of system to boost their odds have been barred from casinos or had a cap imposed on the size of bets they can place. Card counting is the most common technique, where the punter keeps an eagle eye on the cards that have already been dealt and memorises them, so he knows what remains. He can then make an informed bet on what is going to be dealt next.



Emphasis mine.

Apparently, Steve Bird, the author has seen a certain movie, but lacks any true understanding of what he's talking about. Go figure.
FleaStiff
FleaStiff
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October 8th, 2012 at 4:24:05 AM permalink
Quote: MonkeyMonkey

I found the article to lack a lot of detail, there may be something to all of this, or maybe not. In any case, you can't believe everything you read on the internet.

True. As with many journalists it seems "card counting" means memorizing each and every card played rather than merely keeping a running count of the relatively high cards and relatively low cards.

However, poker players do keep track of all the cards played and they do it routinely so for a poker player it might be hard for him not to keep track of the cards automatically. A shoe was involved but I have no idea how many decks. Though I fail to see how this would be much help at baccarat since the sequence of the cards would have to be known to gain an advantage.

I think this will prove embarrassing for the casino but Genting can afford that.
Boz
Boz
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October 8th, 2012 at 4:30:20 AM permalink
It is hard to make a decision with the few facts that have come out. With the recent events in AC and other cheating events by the Shang group and others, they may be on to something with the lady in question.

As for Phil Ivey, maybe he needs to money to pay back those of us he was "fightin" for that are still waiting for our Full Tilt Money. And yes, I understand you take a risk when gambling online. The Full Tilt money wont break me, but his not playing is the WSOP has seemed to have faded away with no comment.
NickyDim
NickyDim
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October 8th, 2012 at 4:53:08 AM permalink
Jeez, the casino had no qualms taking his 1M and putting it in their vaults and had no problems when he was down 1/2 million pounds. They should suspend a casino's license for something like that. They review the tapes, check the decks, and then not accuse him of wrongdoing. They are just not paying, and a casino that does not pay should not be allowed to host games.
"They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety."-Ben Franklin

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