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Phil Ivey wins 7.3m GBP in London, casino refuses to pay. Ivey sues. Loses Case. Appeals. Loses Phil Ivey wins 7.3m GBP in London, casino refuses to pay. Ivey sues. Loses Case. Appeals. Loses

10-22-2012 , 11:23 PM
Quote:
Originally Posted by dgiharris

In life, we are never going to have 100% of all the facts for ANY situation. But what will happen, is we will get enough facts to be 99% sure of the proper course of action or what has occurred. And based on basic and simple logic and the facts we do know about, Crockfords has no case.

If they had a case, they would have kept his 1 million pounds.

Agreed it is difficult to sort out and almost any scenario is tricky.

I get that you are not a Rainman proponent and you do not think third party issues are at play. What do you think?
10-23-2012 , 01:33 AM
Quote:
Originally Posted by Just_a_guy
Baccarat is uncountable because even with a perfect count (i.e. knowing which cards have come out,) the relative expectation of player/banker/tie does not change enough to overcome the vig. The only +EV spots come every 500 hands or so and even then your EV is about a dollar for every $100k wagered. Very, very small subset indeed.
That EV can run up to 800%. Granted that happens only once in a gazillion times, but just to show there are thousands and thousands of +ev subsets.

It is possible to write programs that beat Baccarat and these programs will only get better, because the math involved in this is so complex Baccarat isn't 100% solved yet. As far as we know.
Surely somebody like CF could write a pretty decent program.

May be PI figured out he had a hot deck, asked for the limit to be raised and went back to his hotel to run simulations all night. You never know.


@dgi Nobody is actually accused of cheating.
How are you so sure that is the reason for not paying the money?
10-23-2012 , 03:17 AM
Quote:
Originally Posted by Just_a_guy
For all of you that are still on about this Rainman crap use this odds calculator to reflect whatever twisted hot/cold patterns you can possibly imagine and show me how it could be done. I will give you a $500 freeroll. $500 on stars or to a big bank to the first poster that can show me a shoe composition that provides an EV edge sufficient to be even remotely relevant to his win. Whoever the mod of this thread is can judge your entry.

http://www.reviewpokerrooms.com/casi...alculator.html
I'm not in the rainman camp but your statement above seems too strong to me. For example, I set the calculator such that the only cards remaining in the shoe are 4s. The player can then bet on a tie (9-1 odds) with 100% chance of winning. Betting at £150k, Ivey would win £1.35m each hand.

This is obv ridiculously unlikely but it fits within "whatever twisted hot/cold patterns you can possibly imagine".
10-23-2012 , 03:20 AM
Quote:
Originally Posted by Bubbleblower
It is possible to write programs that beat Baccarat
uh?
10-23-2012 , 03:49 AM
Quote:
Originally Posted by CallawayKM
Reason number1 hookers are cheaper than wives.
10-23-2012 , 03:50 AM
Quote:
Originally Posted by Bubbleblower
@dgi Nobody is actually accused of cheating.
How are you so sure that is the reason for not paying the money?
I don't know of any other means in which a gambling establishment is allow to not honor the action or bets they take.

They can deny your bets, they can cut you off at any time, they can ban you, they can refuse to take your action...

but they CANNOT take your action and then REFUSE to pay you without evidence that you cheated.

If I were playing at Bellagio, and winning. And then, Bellagio discovers that I'm a serial killer pedophile cheating racist nazi cannibal... that doesn't give them the magical ability to not pay me what i've won in that session unless they have proof that I cheated that session.

Sure, they can cut me off, ban me, etc. But they would be obligated by the law to pay me for my action and the bets they took.

I must be missing something because I know of no other reason why a casino can withhold funds with all the facts we know of...

Either Phil Ivey cheated or he didn't. And the evidence and logic says that he DID NOT cheat.... So, my position is that Crockfords is trying to weasel out of paying him and eventually they will lose in court...
10-23-2012 , 07:43 AM
Quote:
Originally Posted by raidalot
I'm not in the rainman camp but your statement above seems too strong to me. ".
S h i t, I think you are right. I am going to self-ban myself from discussing the probability aspect of this. It tilts me such that I pick fights, make overly general pronouncements, and worst of all try to place bets against the internet.

Bubble et al you win. Good luck solving baccarat.
10-23-2012 , 12:49 PM
looks like the most likely explanation is the one that most people reading the original article would have assumed to be true.

Spoiler:
The Daily Mail made it up
10-23-2012 , 01:38 PM
http://www.cardplayer.com/poker-news...pened-in-court

But was she there when he was bluffin at the Trop?
10-23-2012 , 02:59 PM
Quote:
Originally Posted by Bubbleblower

May be PI figured out he had a hot deck, asked for the limit to be raised and went back to his hotel to run simulations all night. You never know.
and how the hell is that cheating?
10-23-2012 , 03:10 PM
^^^ No idea

Checked the casino rules to see what the reason could be for the refusal to pay.
Unless PI is suspected of laundering money or terrorism this should be it:

On the gaming floors the visitors are not permitted:
a. to bring with them mechanical, electrical and/or electronic equipment, such as cameras, calculators, communication and computer equipment;
b. at the gaming tables where card games are played, to make notes connected with the game concerned, except for the game (Mini/Midi) Punto Banco for as far as the notes relate to “punto”, “banco” or “egalité”.
10-23-2012 , 04:05 PM
Has it been verified that this actually happened?
10-23-2012 , 04:10 PM
Quote:
Originally Posted by LancyHoward
Has it been verified that this actually happened?
I independently verified this by thinking about it.
10-24-2012 , 02:27 PM
iv been at the blackjack table and won everyhand for over an hour strt no losses
splits doubles got few pushess
it can happen
was gunna leave but started winning so set there till we just had to leave
half the casino was watchn me and most of the pit boys



oh yeah i also won a game yesterday with a strt vs a boat ROFL game me the win 34 vs jj flops 256 j5 strt wins ROFL im that awesome
10-24-2012 , 08:14 PM
Ivey's manager is Irv Gotti. If you have a brain that is all you need to know. If you dont...ignorance is bliss.
10-24-2012 , 09:11 PM
did he get paid yet?
10-25-2012 , 07:37 PM
lol they probably were foaming at the mouth after letting him raise his bets to 150k, now they're def kicking themselves about that move.....


funny thing is Ivey probably doesn't give a crap about this
10-25-2012 , 07:48 PM
Karma is gonna take a big bite outta this casino for not paying the man, Phil Ivey, his money.
10-26-2012 , 01:22 AM
10-26-2012 , 05:56 AM
Ivey had $15 million in "gambling and other debts?" Wow. I wonder if he degens all his profits away on pit games.
10-26-2012 , 08:26 AM
Its almost so stupid it could be a crazy publicity stunt to promote Gentings and how easy it is to win huge! Im not suggesting Iveys in on it though.

Maybe they think hes got pyschic ability.
11-08-2012 , 03:04 PM
So what the **** is happening ?
11-08-2012 , 08:28 PM
Ivey is launching a training site, no idea about the moniez.
11-09-2012 , 12:06 PM
I've been keeping half an eye on this thread, but may easily have missed somthing, andreally can't face scrolling through 700+ posts.....

Has anyone raised the posisbiltiy thta the casino has actually been unable to pay? This could easily be a cash-flow issue.
11-09-2012 , 12:11 PM
what the casino is doing is slander. ivey needs to file a counter suit so that sheisty casino loses the 7.3m plus more, before he ever cashes out.

      
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