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2017 News Archives |
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Pai Gow Card
Switching
A Everett Herald article reported that a
"43-year-old Lynnwood man reportedly switched cards
between his hands during games of Pai Gow, or
double-hand poker, at casinos in Snohomish and King
counties." It explained that, "The man would wager
for multiple sets of hands at once, which
complicated the game play. The videos showed that
the man 'furtively switched cards between each hand
to improve one or both hands,' Special Agent Danny
Lisa wrote in the report. 'This gave him an unfair
advantage over the card rooms.'" To read the
February 13 article by Rikki King titled "Lynnwood
gambler suspected of cheating at cards in casinos"
click:
HERE. (02/2017) |
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 Governments
& Casinos Punish Winners?
An interesting article in The Federalist looks at
the Phil Ivey/Borgata case. The article explains
that, "The practice, known as 'edge sorting,' did
not violate any of the rules of baccarat, nor did it
conflict with the terms agreed upon by the casino
and the gamblers. Nevertheless, Borgata cried foul
and sued, claiming Ivey and Sun ‘knowingly engaged
in a scheme to create a set of marked cards and then
used those marked cards to place bets based on the
markings.'" The article continues, "New Jersey
casinos, beyond being required to eject certain
people with criminal records, may also throw out
'any person who disrupts the operations of its
premises, threatens the security of its premises or
its occupants, or is disorderly or intoxicated.' In
their case 'disrupts the operations' has been
construed to mean 'wins too much.'" And concludes
with, "Support for legalized gambling seems like a
pro-liberty impulse, but with the government is on
their side, casinos and the government have stacked
the deck against the average citizen." To read the
January 13 article by Kyle Sammin titled "Gambler
Phil Ivey Can’t Get His Millions Because Casinos Are
Too Big To Fail" click:
HERE. (1/2017) |
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 Ed
Thorp Is Back
Edward Thorp changed the world of Blackjack with his
first book "Beat The Dealer." His new book "A Man
For All Markets: From Las Vegas To Wall Street, How
I Beat The Dealer And The Market" looks at his life
and life lessons. A Forbs article quoted him, "My
life has been an adventurous journey through the
worlds of science, mathematics, casino gambling and
Wall Street. I thought readers would enjoy my
stories of the people I met and the challenges I
faced." About cheating he said, "My book tells how
you have to be aware of cheating in both of these
worlds. At blackjack, it can be marked cards,
second-dealing, or a stacked deck. On Wall Street,
it can be Ponzi schemes and other frauds, such as
insider trading, fake news, or stock price
manipulation." To read the January 6 article by John
Navin titled "The Math Professor Who Beat Las Vegas
And Wall Street" click:
HERE. (1/2017)
>>>To Buy the new book go:
HERE. |
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