Phil Ivey wins 7.3m GBP in London, casino refuses to pay. Ivey sues. Loses Case. Appeals. Loses - Page 18 - Poker News

According to CNN the casino has referred the decision to the British Gambling Commission, implying that something wasn’t right with PIs play.

http://edition.cnn.com/2012/10/08/wo...eld/index.html

http://edition.cnn.com/video/?hpt=hp...-beginners.cnn

10-09-2012 , 04:28 PM

#427

Dowie

journeyman

Join Date: Mar 2009 Posts: 275

while its ostensibly silly that they're holding his money, their investigation is likely just some managers freaking out. They will probably have to pay out at some point... its a licensed business in a developed country, they can't just openly steal a few million from a customer.

Freezing funds in the event of a suspicious win isn't necessarily an indication that they will not be paying out:

http://news.bbc.co.uk/1/hi/uk/4069629.stm

in that case it became apparent that using an electronic device didn't breach out dated uk gambling laws. The casino can't just refuse to pay on the basis that the woman was dodgy etc...

Anyway taking a big hit from a whale is a risk these sorts of small London Casinos are exposed to, its not like they've got big pool of low wage degen's pumping money into slot machines - they're mostly a few rooms in some west end mansion house full of international business types playing table games at high stakes. One whale can seriously dent their profits for the entire year - I'd wager some UK based manager has freaked out at the size of the loss, the woman has probably added further suspicions and the Malaysian owners probably want to conduct an investigation before they pay out anything.

10-09-2012 , 05:37 PM

#428

GreenGrinder420

banned

Join Date: Sep 2012 Posts: 149

Obviously the owners of the casino are mad about their FTP rolls.

10-09-2012 , 05:42 PM

#429

Rob_10108

A GIF from God

Join Date: Aug 2011 Posts: 7,510

Pay him. Pay dat man his manies....

10-09-2012 , 05:46 PM

#430

GreenGrinder420

banned

Join Date: Sep 2012 Posts: 149

Quote:

Originally Posted by Rob_10108

Pay him. Pay dat man his manies....

Thumbs up!

10-09-2012 , 05:47 PM

#431

88keyz

adept

Join Date: Jul 2007 Posts: 1,030

lol i just saw rounders again last night

10-09-2012 , 06:10 PM

#432

Jigsaw

veteran

Join Date: Oct 2009 Posts: 2,308

Quote:

Originally Posted by mrmixitup

I remember reading a story about a craps game where he let an old lady who was playing nickel slots roll for him while he had $100,000 on the table. She lost it in like two rolls. He hardly reacted at all.

He was gambling on a freeroll with Full Tilt deposits.

Whatever he won became his money.

Whatever he lost was your money.

10-09-2012 , 06:12 PM

#433

Jigsaw

veteran

Join Date: Oct 2009 Posts: 2,308

Quote:

Originally Posted by Dr_Chris

According to CNN the casino has referred the decision to the British Gambling Commission, implying that something wasn’t right with PIs play.

Yeah. He won.

The casino is not supposed to lose.

10-09-2012 , 07:01 PM

#434

mad_mardigan

old hand

Join Date: Dec 2007 Posts: 1,334

Quote:

Originally Posted by There Is A Light

For people outside the UK who are unaware, The Daily Mail has about as much journalistic respect as a small smear of human excrement.

Quote:

Originally Posted by eh777

Considering this is the Daily Mail, there's a good chance that it's not even slightly true.

+1000

If you've ever read any Daily Mail articles, they read like a 12 yr. old wrote them.

Basically a tabloid posing as a legitimate source of news.

10-09-2012 , 08:30 PM

#435

andyg2001

veteran

Join Date: Mar 2009 Posts: 2,905

Quote:

Originally Posted by mad_mardigan

+1000

If you've ever read any Daily Mail articles, they read like a 12 yr. old wrote them.

Basically a tabloid posing as a legitimate source of news.

It's clearly true. Lots of news sources have picked up on it.

10-09-2012 , 08:43 PM

#436

Turb0Licious

aka Turb0

Join Date: Jul 2009 Posts: 5,054

Pay that man his moniess

10-09-2012 , 10:31 PM

#437

The_Dude_Abides

grinder

Join Date: Dec 2011 Posts: 525

Quote:

Originally Posted by luckofficial

that shirt!

Can someone please tell me where I can buy that flippin' shirt. Read 30 pages of this madness hoping to find out.

TDA

10-10-2012 , 12:14 AM

#438

montabarnak

banned

Join Date: Apr 2011 Posts: 294

in a fish shop

that man pay his money

10-10-2012 , 12:59 AM

#439

Principal Oblaski

stranger

Join Date: Sep 2012 Posts: 8

Quote:

Originally Posted by tomddxx

Baccarat info :

1. Is baccarat ( punto banco ) a - EV game ? Yes - Casino has about a 1.1 % edge

2. Do nearly everyone lose at baccarat ? Yes.

3. Do most people who lose at baccarat are undisciplined gamblers who have no self control in a casino ? Yes

4. Can anyone beat a -EV game? Yes. Billy Walters has won millions betting sports which is about a 5 % -EV which is almost 5 times worse than baccarat.

5. Is winning at baccarat or sports betting easy ? Absolutely not.

6. Can you win a -EV game if the standard deviation inevitably favors your betting pattern and you have the discipline to quit ( sort of a hit and run situation ) which Ivey uses . Yes

I play baccarat and have seen it happen many times. Do you always win ? No. Can you control when you quit the shoe and vary your bet size ? Yes Is this easy to do ? No.

Quote:

Originally Posted by tomddxx

Casino advantage in bac :

1. -1.1 EV

Bettor's advantage in bac :

1. Casino must deal entire shoe ( can not shuffle up as in blackjack )
2. Bettor can sit out hands and not play every hand ( in Blackjack bettor usually must play every hand )
3. Bettor can vary bet size for each hand from zero to upper limit of the table which can be anywhere from zero to $ 50,000 without getting thrown out as in blackjack
4, Bettor can leave the shoe at any time, casino must deal the entire shoe.
5.Certain patterns repeat in every shoe from which the bettor can capitalize on..... and not bet when the pattern doesn't appear.

Can degenerate gamblers win at baccarat ( or poker ) ? No
Can you win at baccarat or poker without self discipline and self control of the emotions of fear and greed in the casino environment? No
Can you beat every shoe in baccarat ? No
Will you win every bet in baccarat ? NO
Does card counting work in baccarat ? NO
Is there standard deviation in every baccarat shoe ? Yes

NVG's are encouraged to do further research on this topic.

What you've posted ... is one of the most insanely idiotic things I have ever read. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this forum is now dumber for having read it. I award you no points, and may God have mercy on your soul.

10-10-2012 , 01:20 AM

#440

Turb0Licious

aka Turb0

Join Date: Jul 2009 Posts: 5,054

Quote:

Originally Posted by The_Dude_Abides

Can someone please tell me where I can buy that flippin' shirt. Read 30 pages of this madness hoping to find out.

TDA

Shirts actually pretty lol, as are all poker related shirts with suits on them etc.

10-10-2012 , 02:27 AM

#441

ironfalcon99

journeyman

Join Date: Mar 2009 Posts: 331

Quote:

Originally Posted by serio562

Did you have a hot oriental woman next to you?

Now that I think of it... no... i.e LOSE.. brb getting hot orientals for next weekends degen run to the casino.

10-10-2012 , 05:50 AM

#442

Bubbleblower

grinder

Join Date: Oct 2008 Posts: 696

The first day he made a request to play for 50K and got special permission.
He made a little over 2M profit that day.
The second day he got permission to play for 150K and made the rest of the 7.3M*.

That means he must have won over 76 buy ins in 7 hours time.
78 For example if he made 2.2M on the first day.

* This is from a Belgium source, it would be great to have the English original for more details.

10-10-2012 , 07:18 AM

#443

27LB

Bigfoot

Join Date: Jun 2009 Posts: 714

π > casino

10-10-2012 , 08:45 AM

#444

deancow

centurion

Join Date: Mar 2009 Posts: 170

Heres a more reliable source than the daily mail
http://www.independent.co.uk/news/uk...internalSearch

10-10-2012 , 09:00 AM

#445

NaturalNine

newbie

Join Date: Jan 2009 Posts: 18

Sadly I've played more Baccarat then I have poker in my lifetime. It's not extremely rare to win 100+ units. Probably happens 2-3 times a year if you play every weekend. When someone hits 20+ Bankers people say "wow it's my once in a year shoe". Almost everyone bets on streaks and presses on winning streaks in this game. You can't just look at this completely from math prospective and say wow that is nearly impossible, it just happens. They know it's gonna be a LONG time before he comes back (if he ever does) so they are using everything they can from not paying him. I know they have seen players run up 100+ units countless times.

10-10-2012 , 09:14 AM

#446

leconnaisseur

adept

Join Date: Mar 2010 Posts: 1,092

can't beat Ivey's RainMan

10-10-2012 , 09:48 AM

#447

ChaseNutley26

Pooh-Bah

Join Date: Jul 2009 Posts: 4,594

This story is currently the #2 trend on Yahoo! And getting ABC coverage.

GG Crockfords.

http://abcnews.go.com/Business/poker...2#.UHV6z1F1uSo

10-10-2012 , 10:24 AM

#448

yea buddy

banned

Join Date: Nov 2011 Posts: 1,139

How could they!? Hold money he won fairly indefinitely!? Oh wait....

LOLKARMA

10-10-2012 , 10:35 AM

#449

Wolfram

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 15,066

Quote:

"Casinos love high-rollers. But not high-rollers who win. Maybe they think that if they make it less enjoyable for Phil, maybe he won't come back. Essentially, they're firing their customer."

What a ******ed comment.