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Old 01-28-2014, 08:27 PM   #2501
jjjou812
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by ChipKatcher View Post
The tournament was cancelled so no one had a chance to win ever.

that.
So the people that finished 28-400ish didn't win anything or they are no ones?
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Old 01-28-2014, 08:28 PM   #2502
roller000
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

try sticking 800k in 5k chips in your pockets how many rows in a chip rack to get 800k
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Old 01-28-2014, 08:40 PM   #2503
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

loldonkaments
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Old 01-28-2014, 08:50 PM   #2504
DCD
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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try sticking 800k in 5k chips in your pockets how many rows in a chip rack to get 800k
8 stacks, or a rack and 3/5
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Old 01-28-2014, 08:52 PM   #2505
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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So the people that finished 28-400ish didn't win anything or they are no ones?
I feel they are entitled to prize money just as much as the final 27. If the floor would of stopped it when the first chip was found then we'd be talking 300 person chop.

The tournament was cancelled so the guys that played any flight and were eliminated never had a chance to win if you don't have a chance to win ever refund is due because borgata FAILED with security and no one seems to understand this. Boohoo let's cry for borgata they made a mistake with security let them get away with it it's not their fault you guys are all morons for sticking up for borgata.
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Old 01-28-2014, 08:57 PM   #2506
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

I agree. I could see a refund for all but I don't see last 27(or more) getting any kind of chop. bad beat for sure.
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Old 01-28-2014, 09:00 PM   #2507
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by riverph7 View Post
More like $245800
$3,500 BI x 1,229 entries = $4,301,500 player money contributed

less: $16,000 + $3,918,029 prize pool going back to players

equlas: $367,471 to Borgata/Staff/Dealers for the Main Event alone.

Edit: Why would you leave automatically deducted Dealer Tip's out of any rake calculation ?
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Old 01-28-2014, 09:32 PM   #2508
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

rake usually doesn't include any dealer tip. usually says something like 3% reserved for tournament staff.
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Old 01-28-2014, 09:33 PM   #2509
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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I agree. I could see a refund for all but I don't see last 27(or more) getting any kind of chop. bad beat for sure.
And as a major corporation I'd rather go to battle with 27 then the other 3000 people who won't show up people says a judge won't be sympathetic to people with their buy ins then they probably wouldn't be sympathetic to the final 27 especially if they all get paid. 27 th place money.
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Old 01-28-2014, 09:43 PM   #2510
Alan C. Lawhon
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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"The Imbroglio of the Open"
Or how about "The Tempest of the Open?" (Very good ngrund!)
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Old 01-28-2014, 09:58 PM   #2511
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by blue3715 View Post
How do they do it at WSOP? Does floor verify your chip count (and $ written on bag)?
No. I almost never actually count my stack. I make a reasonable estimate, stuff it in the bag and go get a bourbon. Whatever I write is what makes it on the pokernews reports. I like counting it down on Day 2 to see how close I got.
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Old 01-28-2014, 10:01 PM   #2512
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

This story was linked in the Men thread but bears relinking here:
http://www.pokerplayernewspaper.com/...aper+Online%29

Why? This paragraph:
"In one of the most bizarre turns in this case, it appears that Lusardi, using the signature of justbecauseican, identified himself on the Internet site as the responsible party behind the counterfeit chip caper. This phantasmagoric reported "fact" comes from a former New Jersey official with ties to investigators in the case. He says, "Investigators had reason to believe justbecausueican was the suspect, Christian Lusardi. They moved in on him - undeterred by the 'hogwash' that was integrated in his cyberspace "confession."
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Old 01-28-2014, 10:07 PM   #2513
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

FTR 2+2 was not contacted for his IP and as far as I know his IP was not given out to anyone.
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Old 01-28-2014, 10:07 PM   #2514
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by FRYTWO View Post
you forgot to had a zero after your numbers
no, in 2009, they made $4million

in 2014, even if you quadruple it to $16million, poker revenue is still a drop of piss in the bucket for MGM & Boyd Gaming who make 80% of their profit now from casinos in Asia specifically Macau

you also miss the point, i.e., poker revenue is nothing to these casino operators in the grand scheme of things
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Old 01-28-2014, 10:13 PM   #2515
CSFurious
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by RDT316 View Post
The Borgata turned a profit of $119.6 million in 2012.

http://www.pressofatlanticcity.com/n...0158fd597.html
no, because that is gross operating profit which is not profit

that is what they make before they have to pay for everything

gross operating profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments
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Old 01-28-2014, 10:14 PM   #2516
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I am hungry for some spaghetti imbroglio with a nice chianti.

fwfwfwffwffwf!!!
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Old 01-28-2014, 10:24 PM   #2517
LASJayhawk
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by CSFurious View Post
no, in 2009, they made $4million

in 2014, even if you quadruple it to $16million, poker revenue is still a drop of piss in the bucket for MGM & Boyd Gaming who make 80% of their profit now from casinos in Asia specifically Macau

you also miss the point, i.e., poker revenue is nothing to these casino operators in the grand scheme of things
I was unaware Boyd had any properties in Asia.

ETA: Boyd gaming is unaware of their properties in Asia too.

Last edited by LASJayhawk; 01-28-2014 at 10:29 PM.
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Old 01-28-2014, 10:29 PM   #2518
wheatrich
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

I'm hoping they find out there was a team on this and a bunch of scumbags go down.
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Old 01-28-2014, 11:05 PM   #2519
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

Let me tell you guys a little about Boyd Gaming. Their board is comprised of morons that have made plenty of questionable moves. A couple of months ago I bought 2000 shares of boyd stock at 7.50 a share. The stock was flying went to $12.90 analysts raised the target to 14$ , then the Boyd board makes one of the most dumbest decisions ever. They decide to make a public offering of 180$ million worth of stock at 12.00$ a share!!!!!! stock is at 12.90 and they offer at 12$????? The pieces of **** cost me 1800$ right off the top....I sold my shares immediately... I will never invest in a company that does not know how to run up their stock price...These idiots killed their stock price.

So dont be shocked if these morons do nothing with regards to this scandal.
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Old 01-28-2014, 11:18 PM   #2520
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

Let’s look at this from another angle. I know many may not like this response, but here it is.

Every hand played against Lusardi was no different than any other hand played against any other player and the source of his chips is totally irrelevant. When you as a poker player decided to play a hand with him, you as a poker player had to weigh out your odds, his style of play and make the decision on whether to gamble based on his current chip stack, the strength of your hand, and the way the hand played out no different than any other hand you would play whether the chips he had were completely legal or not. The amount of his stack was what it was when the hand began and it is not likely he was adding chips to his stack while a hand was in progress. The only player in the tournament who had any advantage was Lusardi and the only advantage he had was going deeper by adding on to his stack during breaks or between hands. Remove him from the payout structure and what is left is the actual outcome. As a player your skill level and luck dictated where you finished in the tournament no different than any other tournament other than he may have gone deeper than you because he added on throughout the tournament. Remove him from the finishing order and reorder the rest.

In my opinion, Borgata should refund any monies he won in the tournament, move the payouts by 1 position for all the persons who busted out before him, pay out the $2000 to whoever was second in chips to him after Day 1 and let the remaining 27 players finish the tournament with the chip counts they currently have.

All of this is based on the assumption that he acted alone and that there were no other cheaters. That is probably what is taking Borgata so long is they need all of the possible facts they can get before they act so it is done as fair and correct the first time. If more cheaters are found, this gets complicated.
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Old 01-28-2014, 11:26 PM   #2521
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

Forgive me if I repeat info. I think we are assuming Lusardi introduced all of the counterfeit chips in his day 1 flight. Is possible that some of his confederates introduced chips in every day 1 flight? If so, the cheating would have affected every player who entered.
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Old 01-28-2014, 11:26 PM   #2522
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

Quote:
Originally Posted by ngrund View Post
"The Imbroglio of the Open"
Quote:
Originally Posted by Alan C. Lawhon View Post
Or how about "The Tempest of the Open?" (Very good ngrund!)
Interesting. We have now referenced not one, but two forgotten minor celebs who I found to be quite cute back in their respective heydays.

Spoiler:
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Old 01-28-2014, 11:30 PM   #2523
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by taxtime View Post
Forgive me if I repeat info. I think we are assuming Lusardi introduced all of the counterfeit chips in his day 1 flight. Is possible that some of his confederates introduced chips in every day 1 flight? If so, the cheating would have affected every player who entered.
I don't think anyone is assuming this per se, but most people (correctly, in my opinion) have not ruled out this possibility when it comes to determining who was affected by the cheating.
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Old 01-29-2014, 12:15 AM   #2524
jjjou812
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by ChipKatcher View Post
The tournament was cancelled so the guys that played any flight and were eliminated never had a chance to win if you don't have a chance to win ever refund is due because borgata FAILED with security and no one seems to understand this.
The concept is easy to understand; however, it seems completely illogical to me and inconsistent with the facts as we know them, as well as impractical because they already paid 375+ people. Perhaps if you would explain your reasoning and basis in more detail it would appear to be a reasonable resolution of the issues.
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Old 01-29-2014, 12:34 AM   #2525
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Re: Borgata Floor Finds Tons of Counterfeit 5k Chips in Event 1 Winter Poker Open - Cancels eve

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Originally Posted by MicroRoller View Post
Someone had posted that they contacted Justbecauseican but the post was deleted. It said that he was waiting to turn himself in on Monday because he already paid for Royal Rumble and didn't want to miss it.This is a very strange story. Not sure if joke but funny nonetheless.
Not sure if this has been noted, but he must have been really pissed at the outcome of the Royal RUmble PPV then. DOUBLE WHAMMY!
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