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-   -   Phil Ivey denied $11 million win... (http://www.paceadvantage.com/forum/showthread.php?t=98311)

thaskalos 10-11-2012 12:27 AM

Phil Ivey denied $11 million win...
 
The world's best poker player has an $11 million win withheld by a London casino.

http://www.inquisitr.com/358942/phil...s-from-casino/

Stillriledup 10-11-2012 12:33 AM

There's a lot of this going on these days, just refusing to pay gamblers because they can. Ivey will eventually get paid, the negative stigma this place will have isnt worth the 11 million, they dont want the reputation that they can decide if they dont want to pay you or not.

lsbets 10-11-2012 12:39 AM

I read another article on my phone about this, and it said something along the lines of the woman he was with had been flagged by other casinos.

thaskalos 10-11-2012 12:46 AM

Yeah...Ivey's female companion supposedly had her membership in another casino revoked.

lamboguy 10-11-2012 12:58 AM

this is not anything new to the gambling world. i have seen this in Vegas before where they put a baccarat shoe together. but i have never heard or seen anyone try to take down a casino for $11 million in one shot, that is being greedy. they could have got them for something reasonable like $100,000.

it sounds like Ivy tried to set them up by losing first. Billy Walters did the same thing in Roulette to Steve Wynn in the Golden Nugget in Atlantic city. he got paid because all he did was scout the roulette wheels for 2 months and figured out the bias to the wheel.

the bigger question in this case is not that Ivy and his friend took them down, i wonder how the pit boss watching the game let it go on for so long and let them win that type of money to start out. and this had to be an inside job where someone brought the cooler in and had the eye in the sky turn their heads.
they all had to be a part of the conspiracy.

Stillriledup 10-11-2012 02:05 AM

Quote:

Originally Posted by thaskalos
Yeah...Ivey's female companion supposedly had her membership in another casino revoked.

So, if Ivey had LOST 11 million, would they have given him his money back? Casino Free Rolling Phil, its not right.

Stillriledup 10-11-2012 02:06 AM

Quote:

Originally Posted by lamboguy
this is not anything new to the gambling world. i have seen this in Vegas before where they put a baccarat shoe together. but i have never heard or seen anyone try to take down a casino for $11 million in one shot, that is being greedy. they could have got them for something reasonable like $100,000.

it sounds like Ivy tried to set them up by losing first. Billy Walters did the same thing in Roulette to Steve Wynn in the Golden Nugget in Atlantic city. he got paid because all he did was scout the roulette wheels for 2 months and figured out the bias to the wheel.

the bigger question in this case is not that Ivy and his friend took them down, i wonder how the pit boss watching the game let it go on for so long and let them win that type of money to start out. and this had to be an inside job where someone brought the cooler in and had the eye in the sky turn their heads.
they all had to be a part of the conspiracy.

How exactly did he set them up? Seems like a legit win to me, even the casino says "they havent found anything".

thaskalos 10-11-2012 02:15 AM

The casinos are not in the gambling business anymore.

They pretend to welcome the action of the high rollers, and they lick their chops when a player puts $1.6 million of his own money into the game...but they cry like little girls when the "lamb slaughters the butcher". :)

Stillriledup 10-11-2012 02:41 AM

Quote:

Originally Posted by thaskalos
The casinos are not in the gambling business anymore.

They pretend to welcome the action of the high rollers, and they lick their chops when a player puts $1.6 million of his own money into the game...but they cry like little girls when the "lamb slaughters the butcher". :)

Exactly. Vegas especially is terrified of gamblers, anyone they think has a 'good opinion' is not welcome at the casino. If you want to bet sports there, you gotta look and act like a square.

Robert Fischer 10-11-2012 04:27 PM

Quote:

Originally Posted by lamboguy
this is not anything new to the gambling world. i have seen this in Vegas before where they put a baccarat shoe together. but i have never heard or seen anyone try to take down a casino for $11 million in one shot, that is being greedy. they could have got them for something reasonable like $100,000.

it sounds like Ivy tried to set them up by losing first. Billy Walters did the same thing in Roulette to Steve Wynn in the Golden Nugget in Atlantic city. he got paid because all he did was scout the roulette wheels for 2 months and figured out the bias to the wheel.

the bigger question in this case is not that Ivy and his friend took them down, i wonder how the pit boss watching the game let it go on for so long and let them win that type of money to start out. and this had to be an inside job where someone brought the cooler in and had the eye in the sky turn their heads.
they all had to be a part of the conspiracy.

true. Sounds exactly right from the details given in the story.

lamboguy 10-11-2012 04:31 PM

Quote:

Originally Posted by Stillriledup
How exactly did he set them up? Seems like a legit win to me, even the casino says "they havent found anything".

he lost $80k first then beat them

thaskalos 10-11-2012 04:45 PM

Ivey had $1.6 million of his own money in the game...which the casino returned to him. If a man is allowed to gamble at such a high level...then an $11 million win is possible, without cheating.

Phil Ivey's casino gambling exploits are legendary; million dollar win/loss sessions are nothing new to him.

badcompany 10-11-2012 05:02 PM

Years ago, in the Bahamas I was playing craps at a table that was unbelievably hot. Everyone who got ahold of the dice held them for a half hour. Suddenly, a casino official came to the table and announced that they would be closing early :(

Robert Fischer 10-11-2012 05:13 PM

Quote:

Originally Posted by thaskalos
Ivey had $1.6 million of his own money in the game...which the casino returned to him. If a man is allowed to gamble at such a high level...then an $11 million win is possible, without cheating.

Phil Ivey's casino gambling exploits are legendary; million dollar win/loss sessions are nothing new to him.

the article leaves out the info we would need, to know how fair the ruling was.

It comes down to what kind of odds he bucked.

If he bet 1.4 million on a single hand to tie and won (8-1payout), I can't see how the casino would have a case - he simply got lucky on a risky gamble.


but if he was playing all night and bucking the odds in an improbable fashion on the Player vs. Bank (pays evens) then the casino has a strong case.

The article makes it seem like the later. Maybe it wasn't ??

Who knows this could all be a publicity stunt too.

horses4courses 02-16-2013 10:25 PM

Quote:

Originally Posted by lamboguy
this is not anything new to the gambling world. i have seen this in Vegas before where they put a baccarat shoe together. but i have never heard or seen anyone try to take down a casino for $11 million in one shot, that is being greedy. they could have got them for something reasonable like $100,000.

it sounds like Ivy tried to set them up by losing first. Billy Walters did the same thing in Roulette to Steve Wynn in the Golden Nugget in Atlantic city. he got paid because all he did was scout the roulette wheels for 2 months and figured out the bias to the wheel.

the bigger question in this case is not that Ivy and his friend took them down, i wonder how the pit boss watching the game let it go on for so long and let them win that type of money to start out. and this had to be an inside job where someone brought the cooler in and had the eye in the sky turn their heads.
they all had to be a part of the conspiracy.

Interesting that Phil Ivey's name should come up in this recent article about Billy Walters and his penchant for selecting high profile celebrities to use as "beards" for his high stakes sports wagering operation.
I guess Ashton Kutcher was his most recent associate, and he was backed off in Vegas not long ago.

http://linemakers.sportingnews.com/s...egas-syndicate

Years ago, I read a book by English professional gambler Alex Bird (c.1950-70s) on his success in gambling. The close of his story listed his only regret in how he went about his business. It was that he had not used a high profile celebrity, such as Omar Sharif, to front for him in making wagers. Sharif had developed the reputation as a degenerate gambler.
Any bookmaker, or casino, in Europe would take his action - especially if he was wagering with cash.
Bird figured that he could have kept his ventures running much longer with such a front person - he had been barred all over the place.

Seems Billy Walters thinks the same way. In addition to Ivey and Kutcher - Bruce Willis, Phil Mickleson, and Floyd Mayweather have all been mentioned as possible associates of Walters. Very likely, the female companion of Phil Ivey in the London casino has, also, been an acquaintance of the gambling guru.

Interesting stuff...... :ThmbUp:


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