Phil Ivey wins 7.3m GBP in London, casino refuses to pay. Ivey sues. Loses Case. Appeals. Loses - Page 23 - Poker News

Its simply an anecdote relating to thread, what you mentioned and what I watched last night.

Nobody cares that you are bright enough to know Rainman is a fictional character. The only word that mattered in your post I quoted was 'Rainman', nothing else. If you would feel better if changed the bolding to show that, then let me know!

I think I would feel better if I had been able to communicate that I was being a dick without pissing someone else off. For whatever its worth, I don't think knowing Rainman is fictional makes me bright and I don't think anyone cares.

Unrelated:

If I was a PI creditor with a court order could I get a second court to order Crawford's to hold the money for me? (Another Casino, perhaps?) This does seem weird. If they have neither evidence of cheating nor some requirement not ship him the money, then the casino is nut-low.

10-13-2012 , 06:06 PM

#552

moki

Carpal \'Tunnel

Join Date: Oct 2005 Posts: 8,051

Quote:

Originally Posted by StoneColdTex

WTF?? Wrong thread dude.

Ivey owing a huge debt to a casino seems fairly relevant to this thread, actually... DUCY?

10-13-2012 , 06:37 PM

#553

AussieBrent

journeyman

Join Date: Nov 2006 Posts: 240

Quote:

Originally Posted by GizYaChips

A lady turned $500 in to $1m here in Australia not long ago on Baccarat. The game is super sick and this is totally possible. Rare of course, but i have no doubt it happened.

Casino holding back on paying is scummy though. Not surprised.

Happened and she lost it all back a little while later and tried to sue the casino for tempting her to come back and play.

10-13-2012 , 06:40 PM

#554

inQ

newbie

Join Date: Apr 2012 Posts: 23

Quote:

Originally Posted by Just_a_guy

Don't worry, I thought he was being quite harsh, it was evident to me that you were apologising for your first post, not trying to antagonise someone else

10-13-2012 , 08:13 PM

#555

The BPM

adept

Join Date: Dec 2008 Posts: 1,065

Quote:

Originally Posted by grip997

Ivey had just lost 50 hands in a row and gone broke.

'Before you leave, Sir, we are a little concerned that something was amiss for you to have had such an unlucky run at the table. We are launching an investigation and may well be returning your money'.

This. You win we investigate. You lose GTFO no more free drinks.

10-13-2012 , 11:13 PM

#556

donniccolo

Carpal \'Tunnel

Join Date: Nov 2008 Posts: 6,141

Has Ivey gotten his $ yet?

10-13-2012 , 11:53 PM

#557

poppoppoq

journeyman

Join Date: Nov 2007 Posts: 220

Casinos are pure scum. Anyone with a brain is not welcome in a casino

10-14-2012 , 02:18 AM

#558

StoneColdTex

old hand

Join Date: Feb 2006 Posts: 1,956

Quote:

Originally Posted by moki

Ivey owing a huge debt to a casino seems fairly relevant to this thread, actually... DUCY?

No, I dont...

Does every story about Ivey have to come back to FT?

This has nothing to do with FT and HL.

10-14-2012 , 03:13 AM

#559

mumpfmampf

old hand

Join Date: Apr 2011 Posts: 1,553

Quote:

Originally Posted by StoneColdTex

No, I dont...

Does every story about Ivey have to come back to FT?

This has nothing to do with FT and HL.

I think it´s clearly relevant to this thread as some fanboys seemed to imply that Ivey was a huge winner at casino games anyway. I´m pretty sure he wasn´t (nobody is), and this story pretty much confirms it. It´s also pretty interesting with regards to the speculations about Ivey´s bankroll. I mean, this guy won 10 million plus in live tournaments, 20 million plus on FTP, received 40 million from his FTP equity, and still in early 2011 he had to ask FTP for an 8 figure loan to pay back alledged casino debt immediately? Just confirms this guy has to be one of the biggest degenerates on planet earth, imo. I say alledged as it´s still possible he needed the money for other purposes - which would only make it look worse (towards the scum category).

10-14-2012 , 03:20 AM

#560

StoneColdTex

old hand

Join Date: Feb 2006 Posts: 1,956

Quote:

Originally Posted by mumpfmampf

Color me confused... maybe I am in the wrong thread.

I thought this thread was about a Casino not paying him for a win that he had. And after their investigation, having found nothing wrong, still havent paid him.

Bankroll, FTP, degen, loans, Howard, DOJ... Were they all there while he was playing? Though it was just an Asian chick?

10-14-2012 , 04:14 AM

#561

franxic

veteran

Join Date: Apr 2010 Posts: 2,059

Quote:

Originally Posted by StoneColdTex

if that is all you are interested in, why follow this thread? title and op contain all the information you claim this thread is about. read it again and again and never open any threads because the information inside might overload your capacities.

i for one learnt a lot reading this thread because people in the know give opinions and background information, sorry if that additional information confuses you. you might just stick to mickey mouse if that really is the case.

10-14-2012 , 04:28 AM

#562

umakenocentsbro

grinder

Join Date: Sep 2012 Posts: 680

hurry up and pay him such bs how when you win cheating
and when you lose no complaints

10-14-2012 , 05:44 AM

#563

JudgeHoldem1848

banned

Join Date: Jun 2012 Posts: 2,474

I can empathize somewhat with this casino and it's upper management. They should be given adequate quarters and a full meal of their choice before they are lined up and shot.

Last edited by JudgeHoldem1848; 10-14-2012 at 05:49 AM. Reason: omitted a preposition

10-14-2012 , 05:44 AM

#564

NeedsToBeSaid

adept

Join Date: Sep 2011 Posts: 997

I smile every time I open this thread and he hasn't been paid.

10-14-2012 , 06:08 AM

#565

MESHI-007

adept

Join Date: Jun 2011 Posts: 928

Quote:

Originally Posted by poppoppoq

Casinos are pure scum. Anyone with a brain is not welcome in a casino

10-14-2012 , 06:09 AM

#566

zoomtastic

grinder

Join Date: Sep 2012 Posts: 442

Quote:

Originally Posted by mumpfmampf

I think it´s clearly relevant to this thread as some fanboys seemed to imply that Ivey was a huge winner at casino games anyway. I´m pretty sure he wasn´t (nobody is), and this story pretty much confirms it. It´s also pretty interesting with regards to the speculations about Ivey´s bankroll. I mean, this guy won 10 million plus in live tournaments, 20 million plus on FTP, received 40 million from his FTP equity, and still in early 2011 he had to ask FTP for an 8 figure loan to pay back alledged casino debt immediately? Just confirms this guy has to be one of the biggest degenerates on planet earth, imo. I say alledged as it´s still possible he needed the money for other purposes - which would only make it look worse (towards the scum category).

What the H?

10-14-2012 , 04:20 PM

#567

Just_a_guy

centurion

Join Date: Oct 2012 Posts: 111

Quote:

Originally Posted by zoomtastic

What the H?

According to DF he also owes Chris Ferguson $5 million. (Oh wait OT, sorry, smirk.)

Last edited by Just_a_guy; 10-14-2012 at 04:22 PM. Reason: typo

10-14-2012 , 04:22 PM

#568

LancyHoward

grinder

Join Date: Jun 2012 Posts: 427

Quote:

Originally Posted by NeedsToBeSaid

I smile every time I open this thread and he hasn't been paid.

It is ironic.

10-14-2012 , 04:38 PM

#569

Cliffs?

grinder

Join Date: May 2010 Posts: 540

Quote:

Originally Posted by NeedsToBeSaid

I smile every time I open this thread and he hasn't been paid.

Quote:

Originally Posted by LancyHoward

It is ironic.

He did get his buy-in back, which is more than the rest of us.

10-14-2012 , 04:48 PM

#570

hott sweaty

centurion

Join Date: Jun 2012 Posts: 192

the owners have moneys on fulltilt and they said same thing
rofl

10-14-2012 , 05:42 PM

#571

Green Glove

grinder

Join Date: Jul 2011 Posts: 456

Quote:

Originally Posted by Bubbleblower

A lot of math...

What's your point with all of these calculations?

10-14-2012 , 06:05 PM

#572

aiminglow

grinder

Join Date: Dec 2008 Posts: 502

It would be very interesting to see a Phil Ivey Balance sheet... His assets, what he's owed, and what he owes... Would his net worth be negative or positive and by how much?

10-14-2012 , 06:16 PM

#573

Feeble Gimmick

centurion

Join Date: Aug 2010 Posts: 153

Quote:

Originally Posted by Bubbleblower

Apparently 60 hands per hour is normal reducing the chance of winning the 7.3M to 0.006%.
Of course he started at 50K a hand making it even a lot lower.
Still nothing significant though.

If he had eaten something and stretched his leggs and went to the bathroom and only played 50 hands per hour I can imagine they get very suspicious.
In that case the chance of winning the 7.3M is lot lower than 0.00000003%.
How much lower exactly depends on how many hands he played at 50K.

If the whole story is true at all this could well be the reason for the investigation.

Your sums are simply incorrect. Maybe if you shared your numbers and calculation method, we could point out your mistakes. If you assume Ivey played only 400 hands, which is less than 1 per minute, he still has a 0.5% chance of winning this much. The way to do this is with a binomial calculator (or alternatively with an approximation to the normal distribution) with p = 0.4947, n = 400, x = 224.

Quote:

Originally Posted by Hood

The difficulty with the maths is framing the question correctly. The question shouldn't be "what's the probability after 7 hours you are up 50 bets" but more accurately "what is the probability you can run up +50 at some point in a 7 hour timeframe."

Good point, but also, why restrict it to 7 hours? Also, who says he didn't get up to 10 million before losing some and leaving?

Quote:

Originally Posted by PLOBirdie

I have created an excel matrix for Phil Ivey's improbable Punto Banco win.

I have assumed the following, using news sources as a basic guide:

1. Phil Ivey won approximately 40 big bets ($150K x 40).
2. He always took the best odds. (Always Betting on the banker )
3. Ties are not counted
4. He played 7 hours, at approximately 45 hands per hour.

The odds of him winning this amount, fairly, is 0.12%.

You may use my excel sheet and modify according to your preferences. The math itself is correct.

http://www.smallfiles.org/download/2...Ivey.xlsx.html

I'm afraid I can't look at this in detail because my antivirus gives me a warning from that site, but from moki's screenshot, I think you've made a mistake in the probability of winning (0.493212). Where do you get this number from? If the payout for Banker bets is 0.95 then this would give a house edge over 5%, when actually it's 1.06% according to Wikipedia.