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Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT*

01-28-2014 , 08:36 AM
Addressing the 'butterfly effect"

There have been a number of posts on here downplaying the impact of the fake chips on the outcome of the tourney. Skill will rise to the top and so on.

I agree that better players generally make up the majority of the top finishers.

But to say the"butterfly effect" is negligible doesn't address a fairly obvious fact.

Chip leader at the end of Day 1BC was Lusardi with 519,000 chips!!!!

This to me looks more like a "Mothra effect"
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 08:54 AM
Quote:
Originally Posted by jjjou812
Taking an intermediate score and saying its a final score is not the same as taking a final score and claiming its cancelled.
How does that apply here, they haven't taken a final score and said its been cancelled. Final would denote that an end has been reached, which it hasnt, as there are still people left in the tourney.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 09:08 AM
Quote:
Originally Posted by doublejoker
If lusardi only played in the later flights how are bustouts from 1a entitled to anything.

They bought in. Played a legit 1a and busted. They shouldn't get a dime.
The event was cancelled. What part of the word cancelled do you not understand?


Quote:
Originally Posted by fatkid
What if there were 10k in fake chips instead of a milly found? Does everyone get a refund then. Why or why not?
Yes. Because the event was cancelled.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 09:34 AM
It would seem the most logical resolutions, logistically and financially, for Borgata, will be:

1. Chip chop prize pool among remaining 27 after all known cheats are removed;

2. Equal 27 way chop for the remaining players.

As far as refunds, If Any, it would be more in line for a casino to offer a free entry to another event with the same buy-in in the future, and possibly some comps to go with it.

Make sense?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 09:35 AM
Quote:
Originally Posted by cuserounder
The bottom line here is that there are a few different types of solutions, and we don't know for sure which the Borgata will take (or be forced to take):

1) Fairness in Terms of EV Gained/Lost (People can argue over this but it probably involves some sort of partial chop/partial chip chop for the final 27 and refunds for those in the tourney after the chips were introduced)

2) Minimal Legal Responsibility (This would be an outcome that saves the Borgata money and could be what NJDGE deems minimally necessary - refund everyone, no payouts, get back as many payouts as people will return.)

3) Take Care of The Customer/Best Business (Chop up the prize pool for the remaining 27 (partial chip chop partial straight chop), payout all who cashed, refund all who didn't cash. Expensive for the Borgata, but preserves their poker reputation/brand.)

4) Some Combination of the Above (Partial payouts, refunds for some, freerolls for others, who knows)

If I had to make a prediction, it would be that #2 is very unlikely and #3 is the end result. NJDGE may not force that much on the Borgata (and may only require #2), but I think #3 is the smart move from a pure business perspective. Forget what's right/wrong/fair/etc.

In one corner they pay out a couple million more than they may legally have to, in the other they have to deal with a dragged out lawsuit that costs them $X in actual money for lawyers, $Y in damage to their casino brand and $Z in risk that they actually lose. Even non-poker players who are casual gamblers may shy away from a place getting sued in a class action lawsuit.

Again, not saying the lawsuit would or wouldn't be justified or who would win... Just that there probably is some form of one if they don't take option 3. My guess is that $X + $Y + $Z adds up to more than just taking option 3, and they know this and will make a business choice.
Very well said !

One of the most constructive post. I think one the 4 solution you thought ,ought to be the answer. No solution will make every one happy, but this is the best IMHO.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 09:51 AM
Quote:
Originally Posted by GiggityGoo70
How does that apply here, they haven't taken a final score and said its been cancelled. Final would denote that an end has been reached, which it hasnt, as there are still people left in the tourney.
For the 4,000+ who busted out or cashed an ending was reached... Are you saying that football season isn't over for the patriots because there is still a superbowl to play?

Last edited by jjjou812; 01-28-2014 at 09:58 AM.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 10:01 AM
Quote:
Originally Posted by jjjou812
For the 4,000+ who busted out or cashed an ending was reached... Are you saying that football season isn't over for the patriots because there is still a superbowl to play?
If it is proven or league acknowledged that one or more team were always playing with 13 or more player on the field during the season.Yes then the season is not over for any team !!!

Last edited by riverph7; 01-28-2014 at 10:20 AM.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 10:23 AM
Not to derail further with sports analogies, but since poker strives to be a "sport" and at the least, can be considered a competitive game, can anyone name a cheating event in a major sport or competitive event that resulted in a cancellation of individual finishes because of the cheating? Every one i can think of simply drops the cheating participants and moves all the others up.....
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 10:47 AM
Quote:
Originally Posted by jjjou812
Not to derail further with sports analogies, but since poker strives to be a "sport" and at the least, can be considered a competitive game, can anyone name a cheating event in a major sport or competitive event that resulted in a cancellation of individual finishes because of the cheating? Every one i can think of simply drops the cheating participants and moves all the others up.....
Can pro golfers keep replaying their first round until they finally nail one? Can they win the same tournament they've already lost three times? As long as there are re-entries, the playing field will never be totally level. You could make the argument that cheating is just one more thing.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 11:11 AM
You have to consider that he probably only snuck in the 5k chips. 5k chips probably aren't "sneakable in" until he had a bunch of them. So the early levels and most of day 1 there was no advantage, I believe.

I think they are simply going to leave it as is before the issue was discovered (knocked out, too bad.. cashed, congrats). The remaining 27 will simply split by chip %. It's the only thing the casino will probably agree to, and I believe the only thing the gaming commis will come up with.

They can fine the Borgata for chip controls, but that's about it I think.

Borg aint forking up $2M to pay back entrants who got knocked out.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 11:11 AM
FFS what's all this arguing over "fair" payouts?

The Borgata F'd up in multiple ways and now they have to pay. THAT'S what's fair. Otherwise why would any venue do anything to stop cheating?

The gaming commission will most likely demand refunds to all who didn't cash, people who cashed keep the $$$, and they figure out some way to chop up the rest of the prize pool to the final 27 unless some of them are implicated in the scheme as well. Or they'll do something else, who knows. But 2+2's idea of "fairness" won't matter a bit.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 11:17 AM
Quote:
Originally Posted by blue3715
You have to consider that he probably only snuck in the 5k chips. 5k chips probably aren't "sneakable in" until he had a bunch of them. So the early levels and most of day 1 there was no advantage, I believe.
He finished the end of day 1c with the chip lead. That would be an unbelievable coincidence if he just happened to play his way to the top AND THEN introduced chips.

Also can we pleeeeeease stop with the sports analogies.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 11:19 AM
Quote:
Originally Posted by BustoPro
" FFS what's all this arguing over "fair" payouts?" followed immediately by
"... now they have to pay. THAT'S what's fair."

.
Perhaps not the start of a well thought out post.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 11:28 AM
Quote:
Originally Posted by Redsoxnets5
He finished the end of day 1c with the chip lead. That would be an unbelievable coincidence if he just happened to play his way to the top AND THEN introduced chips.

Also can we pleeeeeease stop with the sports analogies.
Ok I digress.. He prob added chips throughout the day.. adding a 5k chip when he had 5, adding 3 when he had 15.

He still had to play hands... did he add chips when he moved tables?

He still had to win hands for sure, I'm curious to see him explain how he snuck them in.

I still can't see the gaming comm forcing Borg to pay $2M in refunds. They may fine them $2M but they would keep the money-- lots of public projects in AC want $.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 11:40 AM
Quote:
Originally Posted by DC2LV
The event was cancelled. What part of the word cancelled do you not understand?




Yes. Because the event was cancelled.
You may be putting too much emphasis on the word cancelled. I think the point others are raising, and you should consider, is that if the tournament was cancelled because of some event that happened after legitimate play, the legitimate play may not need to be impacted - so whoever busted during the legitimate play may not be entitled to anything, didn't lose anything, shouldn't feel cheated, etc.

Put it another way, if they were down to 5 people, and something caused Borgata to cancel the tourney at that point (earthquake hit and all the chip stacks were combined and the video was destroyed so the chip stacks before the earthquake could not be established) would that mean 4500 other people now get a refund because the event was cancelled?? Of course not, so saying the event was cancelled is not dispositive. It is just a factor. Another factor may be the duration of legitimate play - was it 5 minutes, 5 hours, entire day 1, etc.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 12:04 PM
Quote:
Originally Posted by njguy
You may be putting too much emphasis on the word cancelled. I think the point others are raising, and you should consider, is that if the tournament was cancelled because of some event that happened after legitimate play, the legitimate play may not need to be impacted - so whoever busted during the legitimate play may not be entitled to anything, didn't lose anything, shouldn't feel cheated, etc.

Put it another way, if they were down to 5 people, and something caused Borgata to cancel the tourney at that point (earthquake hit and all the chip stacks were combined and the video was destroyed so the chip stacks before the earthquake could not be established) would that mean 4500 other people now get a refund because the event was cancelled?? Of course not, so saying the event was cancelled is not dispositive. It is just a factor. Another factor may be the duration of legitimate play - was it 5 minutes, 5 hours, entire day 1, etc.
Yes but the sanctity of the chips/play wasn't affected until the "event".

We can all speculate but it comes down to what the commis comes up with.. I expect it will take a few months to decide. The $ will be held in ecrow till that is done.

1. Knocked out players: refund buy-in or not
2. Cash winners: Do nothing or ask for $ back over initial buy in (not sure it's feasible to chase down 400 people)
3. Final 27: play out or ICM/chip % payout
4. Borgata: Force to refund kockouts and/or [hefty] fine
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 12:29 PM
Quote:
Originally Posted by TeamEdwardsPros
Mrdadio, they haven't paid all but the 27. They had a couple stragglers not get paid yet. Small stuff. What's your source on the refund if you don't mind me asking?
i went to the poker tourney room and asked one of the directors, iwas desperate for some sort of answer and he reluctantly told me, therefore i dont want to say, i dont want to be the cause of someone losing their job, the guy saw i needed some sort of answer...
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 12:31 PM
Borgata is going to have offer refunds, if they do not they are going to be slapped with a bunch of lawsuits that will cost them more in legal fees and whatnot to defend.

If I played in day 1A and did not get a refund, you can bet for damn sure that I'm filing a lawsuit for the total of my entry fee + rake, any hotels accommodations I paid for, travel expenses and food expenses.

What would be more likely... the Boyd Gaming/Marina/Mgm (whoever) vigorously defending what could be a $1500 lawsuit in a small claims court or them just settling the lawsuit.

For people who are CPA's or have accounting degrees, this is exactly what a contingent liability is.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 12:40 PM
what is missing here is didn't a floor person have to count his chips to verify he was chip leader for the day before he bagged up
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 12:55 PM
Quote:
Originally Posted by CohibaBehike
Borgata is going to have offer refunds, if they do not they are going to be slapped with a bunch of lawsuits that will cost them more in legal fees and whatnot to defend.

If I played in day 1A and did not get a refund, you can bet for damn sure that I'm filing a lawsuit for the total of my entry fee + rake, any hotels accommodations I paid for, travel expenses and food expenses.

What would be more likely... the Boyd Gaming/Marina/Mgm (whoever) vigorously defending what could be a $1500 lawsuit in a small claims court or them just settling the lawsuit.

For people who are CPA's or have accounting degrees, this is exactly what a contingent liability is.
Please stop. Hiring a lawyer to recoup $500 is not anywhere near financially sensible.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 12:57 PM
Quote:
Originally Posted by MaxRhino
Please stop. Hiring a lawyer to recoup $500 is not anywhere near financially sensible.
On the next Judge Judy...
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 12:58 PM
Quote:
Originally Posted by MaxRhino
Please stop. Hiring a lawyer to recoup $500 is not anywhere near financially sensible.
LOL at hiring a lawyer, filing and serving a small claims lawsuit for $1500 in no way requires the retention of an attorney. If you are dumb enough to the point that it does, you probably shouldn't be spending $560 to play poker tournaments.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 12:58 PM
Quote:
Originally Posted by Redsoxnets5
He finished the end of day 1c with the chip lead. That would be an unbelievable coincidence if he just happened to play his way to the top AND THEN introduced chips.

Also can we pleeeeeease stop with the sports analogies.
Lusardi was the end of day 1 chip leader overall, but he was awarded the additional prize money for being day 1B chip leader.

On an unrelated note to the comments about Borgata (not borgota) paying prize money out of their pocket, I'm sure they have insurance, just not sure the insurance protects them from something like this.

Full disclosure - Yes I played this event, yes I fired multiple bullets, yes I played multiple flights.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 01:33 PM
Quote:
Originally Posted by blue3715
Yes but the sanctity of the chips/play wasn't affected until the "event".

We can all speculate but it comes down to what the commis comes up with.. I expect it will take a few months to decide. The $ will be held in ecrow till that is done.

1. Knocked out players: refund buy-in or not
2. Cash winners: Do nothing or ask for $ back over initial buy in (not sure it's feasible to chase down 400 people)
3. Final 27: play out or ICM/chip % payout
4. Borgata: Force to refund kockouts and/or [hefty] fine
If the previous cashers may be asked to return the money they cashed for, why wouldn't that be an option for the final 27?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
01-28-2014 , 01:35 PM
Quote:
Originally Posted by CohibaBehike
LOL at hiring a lawyer, filing and serving a small claims lawsuit for $1500 in no way requires the retention of an attorney. If you are dumb enough to the point that it does, you probably shouldn't be spending $560 to play poker tournaments.
Confused here. You are the one that suggested filing the lawsuit.

If you're suggesting that you are going to Atlantic County small claims court and you are A) going to have the case heard or B) beat the borgata in the unlikely event that it is heard... then lol
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote

      
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