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Old 10-09-2012, 06:37 AM   #406
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

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Originally Posted by HundredsOfStuff View Post
I don't know how to play baccarat, but can someone explain to me why you can't count cards if the top two bolded statements are true?
You can. It's just that the general consensus is the edges tend to be small and few and far between (with some possible rare notable exceptions to small but still very few and far between).

Also, if he means they deal every single card by dealing the entire shoe I've never seen that. They deal a big percentage of it but obviously not every card.
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Old 10-09-2012, 06:40 AM   #407
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

Shady Brits, pay the man
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Old 10-09-2012, 06:42 AM   #408
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

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Originally Posted by davmcg View Post

He started with 1m he left 8.3m. The only relevant calculation is the likelyhood of that occuring.
and that is 4.5%?
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Old 10-09-2012, 06:42 AM   #409
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

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Originally Posted by davmcg View Post
Just think what the odds must be of turning 10 bets into 80 bets in a zero sum game like coin tossing. They have to be 12.5% as otherwise it wouldn't be zero sum.
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Not if you only have a limited amount of bets available.
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Originally Posted by davmcg View Post
Completely wrong
Its not "completely wrong". 12.5% is correct if the number of flips is not constrained. If the number is fixed at, say, 100, then the chances of getting to 80 bets are a fraction of the 12.5% you cite.

Last edited by raidalot; 10-09-2012 at 06:51 AM. Reason: 12.5%
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Old 10-09-2012, 06:47 AM   #410
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

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Originally Posted by davmcg View Post
Ivey won a certain amount over a certain period. He could have won more or won less or lost. He could have played 3 hours or ten hours.

Calculating the probability of what actually happened and in what time frame after the fact is completely meaningless.

He started with 1m he left 8.3m. The only relevant calculation is the likelyhood of that occuring.
Then you should qualify your 4.5% as follows:

"If Ivey decided that he would not risk more than 1m and would play until he either reached 7.3m or lost 1m, no matter how long that takes, then the chance that he hit 7.3m is 4.5%"
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Old 10-09-2012, 06:49 AM   #411
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

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Originally Posted by raidalot View Post
Its not "completely wrong". 12.5% is correct if the number of flips is not constrained. If the number is fixed at, say, 100
ok sorry to bubbleblower I misunderstood his statement


However the time constraint is simply not relevant to Ivey's achievement.
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Old 10-09-2012, 07:16 AM   #412
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

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Shady Brits, pay the man
malaysians actually own the company, perhaps they need some democracy
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Old 10-09-2012, 08:06 AM   #413
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Re: UK article about Ivey (casino refuses to pay 7.3m GBP win in Punto Banco)

�� How is this whole article good for the casino at all, goofs.
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Old 10-09-2012, 08:20 AM   #414
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

I guess they have to check that soemthing shady didn't happen. I think they will check, find nothing and then payout
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Old 10-09-2012, 09:28 AM   #415
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

After reading this thread my attitude changed from pay the man to hows it feel like phil to have your money withheld for no good reason?

The casino is trying to investigate the woman to make a case that she is a cheat and her presence somehow legally negates the win. It's likely all about using the woman to get out of paying a big number but at the same time who really cares as it is some kind of perverted justice.
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Old 10-09-2012, 12:16 PM   #416
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

The case isn't closed yet, they might just pay up yet.
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Old 10-09-2012, 01:08 PM   #417
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

sorry if this has alrdy been asked but has this actually been confirmed? is the source trustable?
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Old 10-09-2012, 01:43 PM   #418
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

years ago i went to a craps table with $150 and left with 40k ALL on the same roller..glad they didn't say the dice where loaded.wonder what the odds are of that?
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Old 10-09-2012, 01:59 PM   #419
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

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years ago i went to a craps table with $150 and left with 40k ALL on the same roller..glad they didn't say the dice where loaded.wonder what the odds are of that?
bout treefiddy
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Old 10-09-2012, 02:02 PM   #420
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re: Phil Ivey wins 7.3m GBP in London, casino refuses to pay - Ivey sues. Loses Case

For the last fifty plus years that I know of, when the house does not pay off the chips, it is called, being "chip racked."
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