Quote:
Originally Posted by MacauBound
I'm pretty sure they were playing by the rules the casino allowed. And I'm pretty sure Ivey got freerolled. When individuals (even globe trotting pro gamblers) take on corporations in court in a jurisdiction that depends on gaming revenue to prop it up, in such a unique case, there seem to be many ways for the corporation to come out on top. And I've got nothing against corporations.
Many folks -- the more wide-eyed and idealistic types -- don't seem to appreciate the importance of the above. As I wrote earlier ITT, "the law's written ambiguously enough to allow for casino-friendly interpretations from home-field advantage judges who have a vested interest in the continued profitability of casinos in their State, and in practice the casinos have a massive informational advantage in detecting irregularities and having them resolved in their favor. It's an edge you're giving up every time you walk into a casino."
And come on guys, with the nit-fighting over whether this was or was not a "freeroll"; it's painfully obvious that you're each choosing to define the term in a way that supports your argument when you know good and well what the other means. Did the casino know
at the time that they were in a no-lose situation, in that they'd be
guaranteed to win a court case and recoup from Ivey anything he'd won from them, such that they were laughing and high-fiving each other from the security control room? Of course not. But given the outcome of the case and the reasoning of the NJ court, it's clear that in practice he was in a massively -EV spot...as I pointed out
earlier ITT, a curious implication of the court's reasoning is that
had Ivey lost, he'd actually have been entitled to recoup his losses...the problem being that the informational advantage in this situation was extraordinarily skewed in the casino's favor: they have access to the cards, security footage, etc. Ivey would have had an infinitely harder time proving his case. So yes, the court's reasoning ostensibly allows for recovery of losses by either Ivey or the casino, but only 1 of those parties would have a realistic chance of succeeding on that claim. Is that a "freeroll"? Close enough to plausibly use the term without inviting a slap-fight imo.