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Phil Ivey wins 7.3m GBP in London, casino refuses to pay. Ivey sues. Loses Case. Appeals. Loses Phil Ivey wins 7.3m GBP in London, casino refuses to pay. Ivey sues. Loses Case. Appeals. Loses

10-08-2012 , 01:09 PM
Quote:
Originally Posted by The4thFilm
Anyone that plays the game know how unlikely it is to actually win 50 bets in 7 hours?
Ummmm variance. While at a blackjack table, I once saw 34 of the same thing in a row at the min-bac table next to me. Players were loading up big time riding out the streak. I wouldn't be surprised if Ivey's win wasn't also based on loading more and more up on this 50+ bets (not in a row obviously) over 7 hours. I saw Ivey at a craps table at the Venetian once and when on a roll he was pressing up his bets big time. He got a marker for $300,000 and had it all out there in action in no time.

Play a bazillion hands and sure it will average out to the expected percentages, but on any given day it can easily skew one way or the other.

Last edited by ladybruin; 10-08-2012 at 01:16 PM.
10-08-2012 , 01:23 PM
If the casino take this further then they are idiots. It sounds like one of the most un-cheatable gams out there so wtf are they doing? Also they probably have enough money to make Phil Ivey look like a pauper.

Also Ivey could now pay back all his FT money, and live of the remaining £7m for the rest of his life
10-08-2012 , 01:31 PM
Also Ivey could now pay back all his FT money, and live of the remaining £7m for the rest of his life

If he quit gambling.
10-08-2012 , 01:37 PM
I've seen players' run 1k to 10k. Why not 1m to 10m? Def more to this story.
10-08-2012 , 01:37 PM
Quote:
Originally Posted by wickss
It hardly seems newsworthy to write an entire article about Ivey's hot date.

Also Ivey looks kinda badass with that incipient goatee.
Pctures of the hot date!

Now, now, now...
10-08-2012 , 01:42 PM
this sounds like a shadyass casino.
10-08-2012 , 02:08 PM
i want that tshirt!

there is an "AX" under the Ace which may be the two last letters of the brand

can anyone help
10-08-2012 , 03:03 PM
Quote:
Originally Posted by luckofficial
i want that tshirt!

there is an "AX" under the Ace which may be the two last letters of the brand

can anyone help
It's a Nike shirt, you can even see the logo and letters
10-08-2012 , 03:16 PM
Quote:
Originally Posted by coolnout
That looks like Howard Lederer with breasts.

Last edited by Doc T River; 10-08-2012 at 03:16 PM. Reason: Annie Duke in other words.
10-08-2012 , 03:32 PM
Quote:
Originally Posted by Doc T River
That looks like Howard Lederer with breasts.
...so it looks just like Howard Lederer...
10-08-2012 , 03:45 PM
Just came across this interesting article:

http://www.popsci.com/technology/art...-tech-cheaters

Many articles like that:

http://www.lasvegassun.com/news/2011...baccarat-gang/

So they suspect Ivey of doing something like this.
Let's hope -for our sake- it's not true.

Last edited by Bubbleblower; 10-08-2012 at 03:53 PM.
10-08-2012 , 03:59 PM
Quote:
Originally Posted by Bubbleblower
Just came across this interesting article:

http://www.popsci.com/technology/art...-tech-cheaters

Many articles like that:

http://www.lasvegassun.com/news/2011...baccarat-gang/

So they suspect Ivey of doing something like this.
Let's hope -for our sake- it's not true.
Thanks, good read
10-08-2012 , 04:17 PM
"Pay him... Pay that man his money" - Teddy KGB
10-08-2012 , 05:22 PM
Who cut the cards tho
10-08-2012 , 05:45 PM
Again like i said before i find it very odd that if he won that money honestly that he would not have told anyone about the casino not paying him his money. I have a feeling there's alot more than meets the eye going on here.
10-08-2012 , 05:57 PM
Ivey lookin a little tubby in that pic. Seriously tho, this whole thing reminds of the betonline thing, when recently ppl tried to cash out relatively large amts of money and the site didn't wanna pay them, so they just accused them of collusion and chip dumping every time. Casino needs to pay up if they don't have any proof of cheating or Ivey should sue
10-08-2012 , 06:26 PM
IMO its super naive to think that Ivey would come running to the poker community saying he didnt get payed out by a casino. Ivey hardly ever says anything via social media or does interviews. Aswell, since we know how much he owed FTP, and after his divorce etc; I doubt he'd wanna disclose much moneywise.

Regardless; hope he gets payed
10-08-2012 , 06:41 PM
Quote:
Originally Posted by hankypankyAA
Again like i said before i find it very odd that if he won that money honestly that he would not have told anyone about the casino not paying him his money. I have a feeling there's alot more than meets the eye going on here.
If it was me, they might have seen one hellava tantrum.
10-08-2012 , 07:00 PM
I read the first 3 pages and grunched the rest but how is it not obvious that they are holding onto the money because they believe Ivey hadnt given them enough action

Hes a hit n run gambler (usually arent that respected around the tables tbh) so the casino told them he needs to give them X amount of action, be it a certain number of hours or a certain $ value of turnover

Ivey quit believing he had reached the quota and in real time the casino are pretty powerless, the casino checked and dont believe he did reach the quota so now hold onto the money

In other terms, imagine jungleman quitting the HU challange against durrrr with 10k hands to go and durrrr refuses to pay out the (whatever it was) $$ money for the bet. Everyone would side with durrrr.

I remember reading they also upped his bet by 150k a hand, this couldve had some condition on it for something like a certain number of hands.

Its also mind boggling the amount of comments ive read in this thread about Ivey 'beating' table games. It just doesnt happen. He dumped every cent he won in the 2012 Aussie Millions ME and 250k tourny on craps that very night. He loses at the same rate as the rest of us

and a major LOL to the cheating theorist. Its just not possible, this isnt Oceans 13.
10-08-2012 , 07:13 PM
Quote:
Originally Posted by Jigsaw
He was playing with the interest that was earned from everyone's money that is on deposit.
Or he's playing with one of the many millions that he already had before investing in FTP.
10-08-2012 , 07:22 PM
Howard Lederer owns the casino, IMO.
10-08-2012 , 07:26 PM
Quote:
Originally Posted by markksman
Howard Lederer owns the casino, IMO.
Bingo, the winning post
10-08-2012 , 07:47 PM
As a ballpark guess of the probability of this:

House edge (assuming banker bet every time) = 1.06%
=> assume probability of winning = 0.4947
7.3m @ 150k / bet = 48.7 bets profit
Assume 30s / hand over 7 hrs = 840 hands
=> need probability of winning at least 444 (losing 396)

Using a binomial calculator with p = 0.4947, n = 840, x = 444, the probability of winning at least this much is 2.7%.

I guess the chance of doing this without going busto first is a bit lower, but who can say if he would have rebought.
10-08-2012 , 07:51 PM
Unconfirmed pick of "oriental" accomplice.

Spoiler:
10-08-2012 , 08:34 PM
Quote:
Originally Posted by tomddxx
Casino advantage in bac :

1. -1.1 EV

Bettor's advantage in bac :

1. Casino must deal entire shoe ( can not shuffle up as in blackjack )
2. Bettor can sit out hands and not play every hand ( in Blackjack bettor usually must play every hand )
3. Bettor can vary bet size for each hand from zero to upper limit of the table which can be anywhere from zero to $ 50,000 without getting thrown out as in blackjack
4, Bettor can leave the shoe at any time, casino must deal the entire shoe.
5.Certain patterns repeat in every shoe from which the bettor can capitalize on..... and not bet when the pattern doesn't appear.

Can degenerate gamblers win at baccarat ( or poker ) ? No
Can you win at baccarat or poker without self discipline and self control of the emotions of fear and greed in the casino environment? No
Can you beat every shoe in baccarat ? No
Will you win every bet in baccarat ? NO
Does card counting work in baccarat ? NO
Is there standard deviation in every baccarat shoe ? Yes

NVG's are encouraged to do further research on this topic.
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?

      
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