AxelWolf
AxelWolf
Joined: Oct 10, 2012
  • Threads: 161
  • Posts: 21387
December 16th, 2022 at 12:04:35 PM permalink
https://www.ctpost.com/news/article/Meet-the-Yale-medical-student-who-made-thousands-17619168.php?utm_campaign=CMS%20Sharing%20Tools%20(Premium)&utm_source=t.co&utm_medium=referral
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Johnzimbo
Johnzimbo
Joined: Sep 29, 2010
  • Threads: 4
  • Posts: 1072
Thanks for this post from:
AxelWolf
December 16th, 2022 at 12:16:43 PM permalink
If only he had limited himself to one unit per day....

:) :)
SOOPOO
SOOPOO 
Joined: Aug 8, 2010
  • Threads: 119
  • Posts: 9922
December 16th, 2022 at 12:20:17 PM permalink
As always from stories like this we are missing key information. WHY is he banned from on premises sports books but not their online versions? Sounds like he took a few years off from Jed school to do this. Id guess he made 7 figures. I think it said he had even hired someone?
ChumpChange
ChumpChange
Joined: Jun 15, 2018
  • Threads: 89
  • Posts: 4022
December 16th, 2022 at 12:39:44 PM permalink
Betting limits at kiosks? What is that, and who cares?

For travelers: the TSA may impose a $15,000 fine for getting your gun confiscated at the airport.
Vegasrider
Vegasrider
Joined: Dec 23, 2017
  • Threads: 86
  • Posts: 948
Thanks for this post from:
gordonm888
December 16th, 2022 at 12:40:05 PM permalink
My friend is the #2 guy for the OTBs in Connecticut. The lottery runs the Sportsbook in the OTB, the OTB just gets a small percentage. He got kicked out by the lottery officials. Suspicious wagering activity, money laundering etc. he would bet at the teller and kiosk BUT would have other people cash out the winnings including the W2Gs. He would also involve his employees in one way or another.
BillHasRetired
BillHasRetired
Joined: May 7, 2022
  • Threads: 5
  • Posts: 191
December 16th, 2022 at 3:14:44 PM permalink
Quote: SOOPOO

As always from stories like this we are missing key information. WHY is he banned from on premises sports books but not their online versions? Sounds like he took a few years off from Jed school to do this. Id guess he made 7 figures. I think it said he had even hired someone?
link to original post

So that the State of Connecticut can no-pay him and make up some rule that justifies it.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
  • Threads: 161
  • Posts: 21387
December 16th, 2022 at 6:04:52 PM permalink
Quote: SOOPOO

As always from stories like this we are missing key information. WHY is he banned from on premises sports books but not their online versions? Sounds like he took a few years off from Jed school to do this. Id guess he made 7 figures. I think it said he had even hired someone?
link to original post

I was wondering that myself.
1)Perhaps the lines are different.
2) They can restrict and limit his bets.
3)They know exactly what he's betting, how much he's making, the when, where, etc without having to use surveillance. He can't hand tickets to someone else to cash or anything like that.
4)Less work for employees.

I was thinking the simple solution would be for him to have others make bets for him but apparently, that's illegal.
He could get around that by just charging certain people a fee, classes, or with some type of guarantee and rebates or whatever it takes so people are not actually making bets for him yet he is profiting from the bets.

the article says he has made thousands, but who knows, it might be 10 thousand total and it's not even worthwhile.
It seems that if it was a significant advantage and worth enough he wouldn't have made it public and he would've just figured a way around it.

They just might not have liked the fact that it seemed as if he was part of something bigger or money laundering, and structuring. Perhaps he was just cashing so many tickets and it was annoying them. Better safe than sorry type of thing.
Last edited by: AxelWolf on Dec 16, 2022
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
heatmap
heatmap
Joined: Feb 12, 2018
  • Threads: 226
  • Posts: 1949
December 16th, 2022 at 6:55:16 PM permalink
Quote:

"For all intents and purchases, I am a leech on the system," he said of his sports betting exploits. "I don't generate any social value for anyone involved anywhere. This is the most selfish professional thing I have ever been involved with, and that doesn't sit well with me."



this guy understands why regulators make/want APs to be illegal - gambling is supposed to create value for the communities around them and APs to them are removing that value
Zcore13
Zcore13 
Joined: Nov 30, 2009
  • Threads: 40
  • Posts: 3769
December 16th, 2022 at 8:00:54 PM permalink
Quote: BillHasRetired

Quote: SOOPOO

As always from stories like this we are missing key information. WHY is he banned from on premises sports books but not their online versions? Sounds like he took a few years off from Jed school to do this. Id guess he made 7 figures. I think it said he had even hired someone?
link to original post

So that the State of Connecticut can no-pay him and make up some rule that justifies it.
link to original post



Title 31 / Money Laundering suspicion is reason enough to ban someone.


ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
SOOPOO
SOOPOO 
Joined: Aug 8, 2010
  • Threads: 119
  • Posts: 9922
Thanks for this post from:
rainman
December 16th, 2022 at 8:08:10 PM permalink
Quote: Zcore13

Quote: BillHasRetired

Quote: SOOPOO

As always from stories like this we are missing key information. WHY is he banned from on premises sports books but not their online versions? Sounds like he took a few years off from Jed school to do this. Id guess he made 7 figures. I think it said he had even hired someone?
link to original post

So that the State of Connecticut can no-pay him and make up some rule that justifies it.
link to original post



Title 31 / Money Laundering suspicion is reason enough to ban someone.


ZCore13
link to original post



Suspicion should never be reason to ban someone. Proof should be reason to ban someone. I guess suspicion could reasonably result in a temporary suspension, while evidence is analyzed, but not a lifetime ban.

  • Jump to: