Judge Rules Poker Champ Robbed Casino!!

[festeringZit]

[h=1]PHIL IVEY LOSES BORGATA EDGE SORTING CASE - ORDERED TO REPAY $10.1M[/h][FONT=&quot]Written by Pete - Friday 11:55 PM, High stakes reports[/FONT]
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[FONT=&quot]It's not been a good year for Phil Ivey. Not only did he have his appeal for the $12m in winnings he was refused by Crockfords, London turned down by a London appellate court last month, but now he has been ordered to pay $10.1m to the Borgata Casino and Hotel in Atlantic City after a court ruling.[/FONT]
[FONT=&quot]Back in October a court in New Jersey ruled that the $9.6 million he gained during a session of mini-baccarat at the Borgata was irregular and he had breached his contract with the casino. Since then the Borgata filed a huge claim for damages which included not only the $9.6m Ivey "won" alongside accomplice Cheng Yin Sun but also for the $15.5m they claim they could have expected to have won from Ivey given the true house edge. Borgata also brought a case of fraud before the court. Although the $15.5m in damages were turned down as being "too speculative", and the fraud charges were dismissed, the court still ordered Ivey to pay back an eight-figure sum due to the fact that he subverted the true nature of the game. The judge ruled that the house's edge was one of the defining characteristics of baccarat, and by shifting the odds in his favour by using slight flaws in the cards patterns to determine their value, Ivey and Sun were in effect playing a different game, and one which was not regulated by the New Jersey Casino Control Act.[/FONT]
[FONT=&quot]The $10.1m payment is for the $9.6m Ivey won at baccarat and a further $504,000 Ivey won at craps while betting with the money he had made from Baccarat.[/FONT]
[FONT=&quot]On the bright side, the $1/2m in comps received by Ivey and Sun will not have to be repaid.[/FONT]
[FONT=&quot]It is unknown as yet whether Ivey will appeal this verdict, although given that he is currently appealing the the UK Supreme Court in the Crockfords case, we would be surprised if he will be ready to pay back the 10 milly just yet.[/FONT]
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[thecentaur]

The $10.1m payment is for the $9.6m Ivey won at baccarat and a further $504,000 Ivey won at craps while betting with the money he had made from Baccarat.

Whoah
Whoah whoah whoah wait a minute

Is there a precedent for this? Sounds like some BS to me

So if a BJ dealer mispays or doesn't burn a card properly, or a craps dealer incorrectly places a bet or pays at the wrong odds, a player can say if he would have won that money he would have quit and not continued to chase and lose the amount he did afterward? Didn't think so

 

[ML Dog]

Whoah
Whoah whoah whoah wait a minute

Is there a precedent for this? Sounds like some BS to me

So if a BJ dealer mispays or doesn't burn a card properly, or a craps dealer incorrectly places a bet or pays at the wrong odds, a player can say if he would have won that money he would have quit and not continued to chase and lose the amount he did afterward? Didn't think so

Great Point. "Fruit of The Poisoned Tree" tho, sorta basically for this particular case, is what The Prosecution Laid

Surprising, Yes, along the lines of thought you brought and potential precedent that they manage to get included that 504K

Of Course he is gonna Appeal tho. Ivey's Life Story when told in Movie Form is gonna be interesting as hell, massively +EV on the entertainment front.

 

[festeringZit]

Whoah
Whoah whoah whoah wait a minute

Is there a precedent for this? Sounds like some BS to me

So if a BJ dealer mispays or doesn't burn a card properly, or a craps dealer incorrectly places a bet or pays at the wrong odds, a player can say if he would have won that money he would have quit and not continued to chase and lose the amount he did afterward? Didn't think so

I think the whole decision is BS. All the money should be Ivey's to keep.

 

[ML Dog]

I think the whole decision is BS. All the money should be Ivey's to keep.

From Our Perspective, Of Course.

He exploited Vulnerabilities. He orchestrated a means of profiting by simply taking advantage of avenues the Casinos made available to him.


Hell Yes he should be able to keep the money. Casinos Profit via The Exact Same means:

Exploiting Vulnerabilities of Humans and taking best advantage as they can of avenues to get people's money.

Let one of us do it to them though? Massive Crybaby ShitStorm.

 

[HarryCaray]

This case has been going on for 4.5 years, during which time I believe Ivey has had the possession of said 12 million dollars...presumably earning interest somewhere.

Even when the guy loses, he wins.

 

[thecentaur]

This case has been going on for 4.5 years, during which time I believe Ivey has had the possession of said 12 million dollars...presumably earning interest somewhere.

Even when the guy loses, he wins.

Highly doubt that

First of all, interest rates have been dog shit for those 4.5 and he would have made like 20k which he wipes his ass with daily

Second, these poker players and gamblers don't deposit in bank accounts or invest the money in mutual funds. If they did that, the IRS would be all over them. Their banks are casino cages, and their investments are their next bet.

 

[ML Dog]

This case has been going on for 4.5 years, during which time I believe Ivey has had the possession of said 12 million dollars...presumably earning interest somewhere.

Even when the guy loses, he wins.

Oh My.


Oh My My My My My.



Da Lord come in a speaketh The Gospel.



Ivey be like:

in his Soul

when all this is said and done


This Life......


he may not even KNOW, right this Moment, that this is how he feels about all of this


but he will.





its like:



"Made Eth Thou Look.






Thus Endeth The Trick."

Life was



a Stage.



"You"



were just a Character in a Play.





Did You ROCK THIS?







This Casting?





This Role that You were given?





If You haven't yet









there is still time.
​

This guy was a Telemarketer.


At one point.





Whatever Excuse You think You Have





Rock This. Just Do It.

 

[ML Dog]

 

[ML Dog]

Highly doubt that

First of all, interest rates have been dog shit for those 4.5 and he would have made like 20k which he wipes his ass with daily

Second, these poker players and gamblers don't deposit in bank accounts or invest the money in mutual funds. If they did that, the IRS would be all over them. Their banks are casino cages, and their investments are their next bet.

Asia.

 

[ML Dog]

 

[ML Dog]

For those guys who wander into this thread and see the latest turn its taken and try to conclude

"Dog Be Trippin' "


Study what He did.


Not just a couple Base Ass articles


hook up 2 + 2 even if you haveto aks them to explain to you what Phil did here.



What his "crime" was





If You are a Real Gambler which is to say that Your Own Soul plopped down here after that bubbled up then got spat out that same Fountain that spewed out Doyle




you'll Bow Down too.

Who's world was this?




It was Yours.




Gave You this Life to Take This Place.

 

[ML Dog]

So, To Summarize my little Totally & Completely Non-Understood Multi-Post Rant

Like, what it's Purpose Was

What The Point of it was....



"We are gonna let them FUCK with The Messiah

just for Beating Them? At their own Game?"

Assholes with Law Degrees run Our Lives.

There is a Basic Flaw, in that as Street Education is infinitely more valuable than any Law Degree.

The Evolution of One's SPIRIT and Development of a Soul, Borne of Surviving On The Streets, Amidst People


is 100,000 times more Valuable

than a fucking Law Degree. Yet We "Respect"

Law Degrees.


We are Laughable.


We have not Evolved one Scintilla Out The Cave. Not an Inch.


Let Them Jack Up Phil and Steal His Money Back, in service of The Man. That pays their Law Degree Having skating by on that asses.


"We The People."





"right."

Not concerned with that shit past folks believing we are, if it don't trespass on

me


my concern is nada let them take the man's money

but boy if its ever me

that The Man hassling



damn I'm gonna wish Folks actually Lived the Shit they Talk.


about caring and shit about Justice.

 

[HarryCaray]

Man I like you ML Dog

You're out there, but you're clearly smart as fuck

 

[ML Dog]

"Our Jefa in the kitchen washing plastics spoons."

My green light, 'allo (hello), sayed:

chiquito and Apollo.



Here he comes that 5-O asked me for i.d
Play on his computer and find some felonies
I was high, fried, and D.W.I
Every question asked I came back with a lie

He was searching my ride and found my 45
That's when I started thinking had to bust him with my 9
Instead I ran, now your boy got away
That night we celebrate like it was a holiday


I use to be broke didn't have big faces
I had to wipe my ass with the yellow pages
I wasn't smokin' tough on green potent stuff
No diamonds on my wrist only, broken cuff


Oh no what the fuck, I'mma come have some buck
Who want to fuck with us, brown like snuffleufagus
Pro-tect my property, Hillwood privacy


I don't know how many times I got to tell y'all get off of me
Balls hangin' all I need, smoking bitches crossing me
When I kill you niggas we can all live in harmony
Listen you motherfuckas want a gravestone, I want you once leave us alone
Known to kill my fucking own, claim Houstone cause that's my home
How can I make it anymore clear
My butler look like belvedere
17 million a year, still I'm thuggin about a Cavilier
My people come, like Babylon, mexican and african
Few white boys that's family, asian and, oh: Emily
Indian that's a Navajo, killers out that Nagadoche
Careful how your ass approach, get busted like you pass a note
All the hoes, camel toes, smoking on that artichoke
Bought the benz, bought the boat, in my kitchen rocking coke

Crusing down the street with my 6 hoes
Bumping my shit, riding on vogues
Go to the park to get the scoop

Peace to Free, Let O




Represent: A Free Port.

 

[ML Dog]

Man I like you ML Dog

You're out there, but you're clearly smart as fuck

Take it to Heart then: You're among the most Wisest People I've ever "met".


You have Lived thru some stuff.


That has made You Wiser.




Great Things Lie Ahead, try to Believe.



You can own them.



If thats what you want.




Roll. Dominate. Make This Happen.

 

[ML Dog]

Man I like you ML Dog

You're out there, but you're clearly smart as fuck

Proclaim Upon Mount 2and2, soze we can have some real fun here

cuz Life Is Short...

Get Pronounced Upon Mount 2and2 that they all need to come to this Altar and Praise.

http://www.therxforum.com/showthread.php?t=1000989&p=11952771&viewfull=1#post11952771

Fucking Bow Down.


I want them in Single File. They will form a Line

and Behave Themselves.



As they should. In a Temple.


Rx Baby.

 

[niltes]

this is what happens when you have a system that allows non-gamblers to make
gambling decisions while being influenced by lawyers and large corporations.
it seems that scenarios such as this and others (for example slot machine malfunctions)
should be decided by the local gaming commission and with the right to appeal
to binding arbitration. the arbitration board should consist of three members.
selected from a pool. one should be selected by the casino, the second by the player, and the third
either randomly or by the gaming commission. the arbitration board's decision should be
final and non-appealable. this will cut down on the wasted time and expense of using
the courts, make for better decisions, and take gambling decisions away from our courts
who are obviously way overmatched here. in the old days, john scarne, would of been perfect
in this role. the first name that comes to mind is sklansky. i'm sure there are others.

 

[ML Dog]

All You who Got Beef with SPM so don't listen is missing a Message.

4:20

On The Track.

 

[Bucky]

this is what happens when you have a system that allows non-gamblers to make
gambling decisions while being influenced by lawyers and large corporations.
it seems that scenarios such as this and others (for example slot machine malfunctions)
should be decided by the local gaming commission and with the right to appeal
to binding arbitration. the arbitration board should consist of three members.
selected from a pool. one should be selected by the casino, the second by the player, and the third
either randomly or by the gaming commission. the arbitration board's decision should be
final and non-appealable. this will cut down on the wasted time and expense of using
the courts, make for better decisions, and take gambling decisions away from our courts
who are obviously way overmatched here. in the old days, john scarne, would of been perfect
in this role. the first name that comes to mind is sklansky. i'm sure there are others.

For as smart and clever as Ivy - how could he not know the story of the Golden Goose? Square # 1 is how much can I win without exposing my edge? He actually needed to lose some back and conclude the session-cards turned cold,etc.