Ivey wins $12 Million by noticing flawed cards

hedman

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Who cares what his advantage is. The fact of the matter is that a casino provides a place to wager and gamble at games that are obviously heavily weighted in their favor and he made the bet, they took the bet. They pay, their loss and tough shit.

The other day I left Whataburger and noticed that my large fry is the same serving size as a medium fry only in a bigger box. So the next time I went I got a medium fry and the container was full as well as several fries in the bottom of the bag and this has been the case ever since. I don't give the wayward fries back, I didn't get them by cheating. Whataburger offered me fries, I got fries, they put too many in the bag for the serving size ordered. They have been ripping people off on their large fries for years. Shit happens and I got those fries fair and square, they should pay more attention.

Hope this helps, ?
FDC ?


:mj07: :mj07: :mj07: :mj07: :mj07: :mj07: :mj07:
 

kickserv

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They couldn't have won! Their edge was way too small.


Under your fucked up math and lack of knowledge each goal in hockey is worth 9 goals:mj07:


Math ain't for you YYZ:lol:

And stay away from baccarat, you don't know how the game works.
 

fatdaddycool

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not your best analogy :mj07:

Not an analogy it is the truth. Not even one part of it made up. The premise is the same. If someone is arguing that he somehow stole or cheated to get that money, or the casino is not obligated to pay him, or even that he is a mean person for taking advantage of an opportunity then I disagree.

I admit I did not read the entire thread so I don't know if anyone is insinuating that the casino shouldn't have to pay or that Ivey did something wrong, but I would disagree with that. If you are stupid enough to wear glasses that reflect the cards in your hand to a poker game and you lose everything to some guy that was heady enough notice, you get what you get. Pay the man.

Not a soul here wouldn't take advantage of a game against the house if presented with one. Not one.
 

fatdaddycool

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Under your fucked up math and lack of knowledge each goal in hockey is worth 9 goals:mj07:


Math ain't for you YYZ:lol:

And stay away from baccarat, you don't know how the game works.

I don't know yyz personally but the guy has always seemed to me to be pretty sharp when it comes to Vegas and the gaming shit. Just sayin.
 

kickserv

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I don't know yyz personally but the guy has always seemed to me to be pretty sharp when it comes to Vegas and the gaming shit. Just sayin.


Even the best can make mistakes.

He doesn't know Baccarat.

But maybe he knows other stuff in the gambling world.
 

fatdaddycool

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I know Phil Ivey's no dummy!

He wasn't risking $200,000 a hand on coin flips!

Hell no he wasn't, he knew exactly what he was doing, in my opinion.

I guess the thing I am not clear on is if you believe that the casino is obligated to pay him. I am only asking your take on it yyz, not saying it is right or wrong, just curious to see if you think he is cheating and somehow not deserving of his winnings.

In my opinion, he should be paid. I say that because as the house, they assume the responsibility to ensure that all the intangibles that ultimately assist in providing them the slight advantage, are in order. I think we both agree that the house, under all normal conditions, certainly has the advantage and since this is gambling the one thing they can't control is getting beat by a better player or a better advantage. To me, they simply got beat at their own game. That is my take on it, right or wrong, it's only my opinion but if your's is contrary to mine I would truly like to hear it and why. Maybe I am missing something and am looking at this the wrong way, I don't know. I don't play the game so I am curious as to your take.
 

yyz

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FDC,

I think he "cheated" by virtue taking advantage of these flaws. Was it cheating by the letter of the law? Probably not. But, IMO, Ivey would not have been wagering these astounding amounts, if he did not have a much better than normal chance of winning. This is the only "out" I give the casino.

Anytime someone "takes a shot", I think it is wrong.


When push comes to shove, though......The casino should pay him, because he exploited THEIR flaw.
 

fatdaddycool

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Thanks for the reply yyz. I agree with you in that no way he is doing 200K a hand without that edge. I mean, kudos to him I suppose for spotting the cards but the casino made some pretty bad choices to say the least.
Cheers man. Appreciate the explanation.
 

Jorgesca

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I know Phil Ivey's no dummy!

He wasn't risking $200,000 a hand on coin flips!

Phil Ivey is a notorious high roller and this is not the first time he has played baccarat. He does it all the time, so yeah he likes this type of coin flip and no he doesn't do it for $500.
 

kickserv

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Phil Ivey is a notorious high roller and this is not the first time he has played baccarat. He does it all the time, so yeah he likes this type of coin flip and no he doesn't do it for $500.


Yep.


Phil maybe had a tiny advantage every 6th hand or so (if he actually knew the cards, which nobody knows for sure). If he knew what every card was his advantage would increase but nobody knows exactly how many cards he knew if any. But it does help if you are betting huge and can make more money off a tiny advantage.

For the record.......odds of winning:

8 deck shoe

Banker = 45.85 percent (bet 100 win 95)

Player = 44.62 percent (bet 100 win 100)



Not exactly coin flip odds, but one of the best odds of any game you will find in the casino.
 

kickserv

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YYZ before we start attacking one another and calling one another "fuckface".

Let's play baccarat together and call it a day:142smilie



Oh and by the way pretty sure you knew this.....but YYZ is airport code for Toronto airport.

Just thought I'd throw that out there. Although I am sure you knew that. Was always curious if your username had something to do with the Toronto airport?
 
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