Phil Ivey wins $11 Million - Casino refuses to pay

OzExorcist

OzExorcist

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Oh gawd, this is the thread that just keeps on giving... :p

so what if a player is a "hit and runner" so am I, if the casino can't pay their debts they should close the doors.

There's a huge difference between an everyday low stakes player hit-running and a whale hit-running. When a low stakes player walks into the casino they put their money on the table and they either win or they don't, there's no much more to it.

When a whale walks into a casino though, they usually expect (and get) free suites, expensive dinners bought for them, private salons to play in and all sorts of other perks - limo transfers, helicopter or private plane flights, being allowed to indulge in idiosyncracies (like "turning the cards for luck") that regular gamblers can't, you name it. In other words, win or lose, the casino is giving them something in return for their action.

Don't get me wrong, the casino isn't doing this out of the goodness of its heart, it's doing it expecting a return and it's still very much a commercial transaction. But you can see how the whale's environment carries with it very different expectations from both parties, right?

I will say this; Ivey would have to be STUPID to cheat and then sue, as the cheating, if any, would be exposed and really hurt his image. And I seriously doubt that Ivey is stupid, so....

I am aware of rules that say your highest value chip stacks must be in front of the lesser value ones, but does anyone know if covering your cards in play with chips or your hand (thus "hiding" them) is against the rules?
I do not think it is.

As others have pointed out, in this case Ivey was playing Punto Banco, not poker. So whether or not he'd cheat in poker is largely irrelevant, and whether or not he cheated probably won't make much difference to his image in the poker world. It's not like he's got a multi-million dollar sponsorship with Nike or Wheaties that demands he maintains a clean image or something on the line

But since you asked about the rules here's the relevant bit from Robert's Rules of Poker:

SECTION 1 - PROPER BEHAVIOUR, POKER ETIQUETTE:

The following actions are improper, and grounds for warning, suspending, or barring a violator:

Stacking chips in a manner that interferes with dealing or viewing cards.

Basically yes, your cards have to stay on the table and they have to be visible to the dealer and other players. Most poker rooms also have rules about the size of card protectors, dictating that they can't be so large that they obscure other players view of your cards (and they definitely can't cover them completely)

Yep, I think you and I see it the mostly the same. However, maybe Crock's does not actually want high rollers? I mean, you are correct - this story and the concern over if you will get paid when you win should keep them away. However, I seriously doubt they would refuse to pay an average schmo who got lucky...that would really kill business. The whole point of a casino is to attract weak players to lose money to the casino. Not to attract high rollers that could bust them for an incredible amount, like Phil Ivey did.

I think they simply screwed up big time by letting him increase the stakes. They love it when people, out to just get "lucky" do so; allowing a skilled card player to do this is just stupid, IMO. Think about it; if you wanted to bet someone that you could out-shoot them (aiming at a target), would you bet the weaker shooter more than the skilled marksman? Of course you would. If Billy the Kid wants to bet more, you think twice about it!

Of course, Billy might not take "no" for an answer, lol.

LOL - you've managed to get this completely backwards. Crockfords is a casino pretty much exclusively for high rollers. It's the average schmo that they don't want (the casino's owners, the Genting Group, have various other properties for the mouth-breathers to play at). So trust me yes, they want high rollers. It's what they're all about. And those high rollers won't be concerned about whether or not they'll get paid because as far as they're concerned it was Ivey's cheating, not the casino's lack of money, that was the problem here. I'll day it again, degens gonna degen.

Letting him increase the stakes wasn't a mistake per se. Ivey's skill as a poker player has nothing to do with anything because again, he wasn't playing poker and punto banco is a skill-free game (outside of angle shooting). And as far as angle shooting goes, if the story proves true then it was actually his companion who had all the skill in this case - Ivey was just fronting the money and using his name to get them in the door.

This thread is just too interesting not to comment
one : Crockfords want the high rollers, they should pay them, then they will get more that will come in "just because Ivey plays there"
two : Ivey would not put his career on the line , he is just that good

My previous responses on some of these issues remain unchanged, but I'll add a few things:

1 - LOL at the idea that other high rollers would go to a casino "just because Ivey plays there". This is a difficult concept for a lot of poker fans to process, given what a huge deal Ivey is in the poker world, but in the world of the whales Ivey isn't actually that big of a deal. Absolutely he's got a lot of money, absolutely casinos want his action. Bt there are plenty of whales with bigger bankrolls than Ivey, and they choose where to play based on what the casinos will give them in return, not on whether some semi-famous poker player also plays there or not.

2 - The outcome of this case is unlikely to have any real impact on Ivey's career in poker since he wasn't playing poker at the time, Crockfords doesn't (AFAIK) host any of the major tournaments he plays in, and pretty much every casino in the world will still want his action at both table games and at poker.

well.. after learning the game, i have no idea how he couldve cheat at it, maybe it was just luck, he is a lucky man, did anyone here saw the documentary living some days with phil ivey?

Read back over the rest of the thread and you'll see - basically, the allegation is there was a printing error on the backs of the cards such that, if you turned all the eights and nines around 180 degrees you'd be able to recognise them the next time they were dealt just by looking at the back of the cards.

That's what he and his companion are accused of doing.
 
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mezogabesz

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This is not only problem for Phil nowadays as he lost extremely lot this year I read.
He was the best but something broke.
 
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Yes, but it's Phil Ivey. I'm sure even when he "get's lucky" there is skill involved, lol.

Still, he knows what 50-50 odds are. Maybe that was why he wanted to up the stakes? They should not have let him do that. He can afford it.

That's the point the casino was making,
when he "gots lucky" there was skill involved, which they called cheating, or taking advantage of a fault in the cards.

But I still think that's their problem, they should have spotted it and corrected it before letting him amass his winnings and then refusing to pay.
 
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DirtyTommyD

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Just old men tryin to hold on to their cash.
 
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KcWick

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Just old men tryin to hold on to their cash.
Exactly, they should train their dealers better, especially at those stakes, also they should have had someone watching with some knowledge of what was going on and stopped it, not let him continue to play back 2 back nights and try to win their money back.
 
stevenright

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Read back over the rest of the thread and you'll see - basically, the allegation is there was a printing error on the backs of the cards such that, if you turned all the eights and nines around 180 degrees you'd be able to recognise them the next time they were dealt just by looking at the back of the cards.

That's what he and his companion are accused of doing.

Aren't the bets placed BEFORE they get the cards? even if he sees what is the first card he will get, how couldve he seen the other cards that will be in the game either?

I really don't get it. Can you explain to me how was the dealer dealing? Because everywhere i look the dealer is always using this:

images


which would be very difficult to cheat
 
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slimbooo101

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pay him so he can pay us our money from full tilt that they stole.
 
doncaster

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*le sigh*

Did you read the articles or the rest of the thread? Yes Ivey won, but there's a massive question mark over just how "fair and square" the win was.



FWIW this won't always be the case - I've been in poker games where the dealer has forgotten to drop the rake from a hand, for example, or has obviously under-calculated it, and they've never taken the difference out of the following hand. The game just continues on, they lost their opportunity to take that money.

I'd be genuinely surprised if a punter got tracked down an hour later to rectify a minor overpayment too. A big one, sure. But a small one I don't see happening.

And again, none of this is particularly relevant to this case because you're talking about genuine human error, as opposed to the deliberate cheating and freerolling that seems to have taken place in the Ivey case.

true story.....
I was at Crown Casino here in Melbourne,playing at a cash table NLH.After about 40 minutes a tournament director(TD) and 2 huge bouncers approached one of the players and asked him to follow them away from the table,to leave his chips there.
We all stopped playing and watched the TD talk to the player,who then reached in his wallet and handed over some money.
When the player returned to the table he answered our questions "I cashed in money at the cage.I asked for $250 in chips but accidently handed over only $200 cash.The cameras picked it up 30 minutes later and they found me at this table."
So you see the casino does follow up if they have been short changed....$50 ....omg they must be desperate !!!!!!!!!!!!!!!!!!!!!
Now you can see why they wont pay Ivey $millions !!!!
 
doncaster

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pay him so he can pay us our money from full tilt that they stole.

sorry if this upsets you.....
I was paid all the money FT owed me from a few years ago and I immediately
withdrew 90% of it......
hope you USA players get your money back SOON as well.
 
OzExorcist

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Aren't the bets placed BEFORE they get the cards? even if he sees what is the first card he will get, how couldve he seen the other cards that will be in the game either?

I really don't get it. Can you explain to me how was the dealer dealing? Because everywhere i look the dealer is always using this:

images


which would be very difficult to cheat

I don't know exactly what procedure Crockfords uses when dealing punto banco, but there's been multiple references over the course of this story to them using a shuffling machine. I'm assuming the cards go through the shuffling machine and then get placed in a shoe for dealing. It could even be a shoe with a shuffling machine built into it, I don't know.

Point is, most shuffling machines don't actually rotate the cards, they just reorder them. So if you put a card in facing one way it'll come out still facing that way, just in a different spot in the deck.

When it comes time to deal the cards out of the shoe, note that you can still see the leading edge of the first card in the shoe - just like you could recognise the top card on the deck in a poker game if the back of the card is marked. In punto banco, if you've somehow sorted the deck so that you can recognise valuable cards, you could tell before the start of the hand whether the first card dealt was going to be a valuable one or not and you could adjust your bets accordingly.

It wouldn't be easy to keep it all straight, and it seems like a pretty blatant to boot so I think the casino must have been onto them very early in the session and let them keep going anyway. But as long as the dealer is willing to comply with the player's requests to turn certain cards this way or that, in theory its doable.

true story.....
I was at Crown Casino here in Melbourne,playing at a cash table NLH.After about 40 minutes a tournament director(TD) and 2 huge bouncers approached one of the players and asked him to follow them away from the table,to leave his chips there.
We all stopped playing and watched the TD talk to the player,who then reached in his wallet and handed over some money.
When the player returned to the table he answered our questions "I cashed in money at the cage.I asked for $250 in chips but accidently handed over only $200 cash.The cameras picked it up 30 minutes later and they found me at this table."
So you see the casino does follow up if they have been short changed....$50 ....omg they must be desperate !!!!!!!!!!!!!!!!!!!!!
Now you can see why they wont pay Ivey $millions !!!!

LOL - I'm talking about Crown too :)

Something blatant like that where there's been a definite mistake, the player is still in the building and they can correct it sure, they can follow it up. But I've been in cash games there where, say, the dealer has under-calculated the rake, dropped the lesser amount and started dealing the next hand and it's just been too late, they've moved on without "correcting" the error. I imagine the dealer probably gets a talking to later on but the players have never been chased for the extra money.
 
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Thats incredible; I can see it both ways. He will probably get his money but if I was the casino I'd go deep down that rabbit hole to try and keep all that cash.

Haha the rabbit hole... Funny stuff anyways i can see both ways also but remember ivey loses too so trying to keep his moneyss might result in him not coming back to lose more later there is many ways to skin a cat they just really let it outa the bag ;).
 
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Phil is so numb to the value of a dollar. gambling a million is unfathomable! He's a beast, pay the legend his money!
 
Akorps

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Reminds me of the old movie "Kaleidoscope", with Warren Beatty. Anyone see that movie? :)
 
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capecoralhobo

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I've played this game before, and it is mindless fun. I don't know why he put $1M on this table when he might have played blackjack [better odds] or craps. Did he get paid yet? I had a thought that someone in management might have had money held by Full Tilt, but that wasn't the case.
 
OzExorcist

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I don't know why he put $1M on this table when he might have played blackjack [better odds] or craps.

IIRC baccarat/punto banco is supposed to have the lowest house advantage of any table game, which is why it's typically favoured by whales over games like blackjack.

But aside from that, it seems pretty clear that he was playing the game on this occasion because he knew about the printing error with the cards.
 
Emperor IX

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IIRC baccarat/punto banco is supposed to have the lowest house advantage of any table game, which is why it's typically favoured by whales over games like blackjack.

But aside from that, it seems pretty clear that he was playing the game on this occasion because he knew about the printing error with the cards.

While the house edge is low regarding the outcome of the game (pretty sure it's a coin flip), dont they usually charge 5% commission on winnings?
 
OzExorcist

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That's common, yeah - my local casino takes a 5% commission from all winning bets on the banker for example (but not on bets on the player or a tie). They also have blackjack games where a dealer 22 is a standoff and blackjacks only pay 6:5 though... so whether baccarat or blackjack offers the best value for the player is something you might have to assess casino-by-casino :p
 
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wtf is this casino a front for lock poker?
 
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lol Phil Ivey is just is one of the best. I heard after all casino pay the money! Have I understood correctly ? He is my fav. player he is good at MTT, HU, CASH. Crushing craps for fun and now going crazy in casino
 
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Ivey has the gamblers disease: no amount of money is satisfying. You have to give him respect for wanting the feeling of always winning and constantly outsmarting the people/casinos that outsmart the average people to make billion dollar enterprises. It does sound as if he did nothing wrong, and just didn't want to be bothered with reporters. He's always like that, short and sweet.. These casinos are overly secure and need to pay when they lose. Same thing goes with online poker companies, they make enough money off the rake and entry fees to cheat their players of payouts and card viewing (absolute scandal). I love articles like these though. So entertaining..
 
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is he cheating? why dont they give money that he deserve....
 
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They just can`t handle that he is a high stakes gambler that caught a heater and now they are ruining their rep. I guess the recession in the UK is affecting the casinos too.
 
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