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A Gambler Who Beat Roulette

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111–120 of 142 posts

Re: A Gambler Who Beat Roulette

#111
Brilliant at roulette they may be but their strategy seems shit. Why on earth did they make themselves so obvious?

Softly, softley catchy monkey. Win less over a much longer time.

I really am at a loss as to why they acted so. They were on a good thing, and with care they could have kept at it for years.

Re: A Gambler Who Beat Roulette

#112

Earlier quoted context omitted.

More concerning is that the police and judges will follow on the casino's requests.

Is it "concerning" that police "follow up" investigating store robberies? And judges who convict the theives? How about passing bad checks? Eat-and-runs? A lot of criminal activity is perpetrated against corporations, they should be allowed recourse.

Winning at roulette is not a crime.

There might be a crime involved when someone wins at roulette, there might be negligence by the casino in maintaining their games. There might be luck. Some people do win hundreds of millions of dollars on a $2 lottery ticket.

The police where I live do not follow up investigating store robberies, they do not follow up on people who pass bad checks, and they definitely do not follow up on eat and runs. More often than not they will answer the phone when someone calls 911, but not much more often than not.

So yes, the idea that the police seem to be at the beck and call of the casinos to detain people with no hard evidence that any crime at all has actually been committed is concerning. At least let us know what phone number they are calling that the police actually pay attention to.

Re: A Gambler Who Beat Roulette

#113

Earlier quoted context omitted.

Is it "concerning" that police "follow up" investigating store robberies? And judges who convict the theives? How about passing bad checks? Eat-and-runs? A lot of criminal activity is perpetrated against corporations, they should be allowed recourse.

Winning at roulette is not a crime. There might be a crime involved when someone wins at roulette, there might be negligence by the casino in maintaining their games. There might be luck. Some people do win hundreds of millions of dollars on a $2 lottery ticket. The police where I live do not follow up investigating store robberies, they do not follow up on people who pass bad checks, and they definitely do not follo…

> There might be a crime involved when someone wins at roulette

Exactly. And so, the police investigated. When they determined there wasn't a crime (or at least had no proof or evidence of one), they released the accused and required the casino to pay them their full winnings.

Re: A Gambler Who Beat Roulette

#114

Earlier quoted context omitted.

> It wasn’t that they won; Of course it was! If they had lost using the same method there would have been no issue. > It’s that these folks won in a statistically hugely unlikely way, and that alone is pretty damning evidence that something is off. That's the casino's problem though, not law enforcement. Statistically unlikely equates 'we haven't seen this before' and that should not be enough reason to arrest people…

This isn’t subjective. If I gamble once, and only once, with a lot of money at very high odds, I might get very lucky and win a fortune. But despite small odds of a massive pay out, the odds would have been very low, but not infinitesimal. Whereas, if I consistently win much more than I lose over many bets, across seversl visits, and a group of people can do this, the odds of that happening rapidly become virtually z…

If a gambler consistently loses much more than they win, in a way that the odds of it happening are almost zero, will police show up and arrest someone from the casino?

There may be an investigation, but I'd be surprised if anyone is arrested before hard evidence of rigging a game is found.

Re: A Gambler Who Beat Roulette

#115

Earlier quoted context omitted.

Winning at roulette is not a crime. There might be a crime involved when someone wins at roulette, there might be negligence by the casino in maintaining their games. There might be luck. Some people do win hundreds of millions of dollars on a $2 lottery ticket. The police where I live do not follow up investigating store robberies, they do not follow up on people who pass bad checks, and they definitely do not follo…

> There might be a crime involved when someone wins at roulette Exactly. And so, the police investigated. When they determined there wasn't a crime (or at least had no proof or evidence of one), they released the accused and required the casino to pay them their full winnings.

There might be a crime involved when someone .

Re: A Gambler Who Beat Roulette

#116
post #9

Earlier quoted context omitted.

To encourage more betting, in the excitement of the moment when the wheel is spinning one way, the ball is circling the other way, and the outcome is mere seconds away... Slow things down, require all bets to be placed before the croupier spins the wheel and throws the ball, and you'll have taken away some of the mystique and the adrenaline of betting on this bouncing, glittering thing that's happening right now in f…

How can customers be assured the casino isn't using a magnet or some other cheating device?

You can't, but, at least in Las Vegas, the machines are under fairly strict protocols. If a customer makes a complaint, things get sealed and impounded almost immediately.

And, besides, if it ever got out that a casino was doing that, it would basically fold up overnight.

Re: A Gambler Who Beat Roulette

#117
post #66
post #46

Earlier quoted context omitted.

Lots of places have such rules, either officially or unofficially. In Korea, by law you have to prove you're a foreigner. In the Bahamas it is legal for the locals to bet, but the casinos kick them out. They've had enough experiences of a guy coming in on payday, losing his money, then his wife coming in the next day with a baseball bat to destroy the machine that took the money. Don't want any more.

In Singapore, local residents have to pay an expensive annual fee to the government in order to be allowed to gamble in casinos, while foreigners may do so for free.

The money collected from exclusion fees is quite large, 100s of millions in some cases in a year. The very fact that the collections are so big points to a possible fact that exclusion fees are not a deterrent or stop/reduce locals from gambling.

Re: A Gambler Who Beat Roulette

#118

Earlier quoted context omitted.

> There might be a crime involved when someone wins at roulette Exactly. And so, the police investigated. When they determined there wasn't a crime (or at least had no proof or evidence of one), they released the accused and required the casino to pay them their full winnings.

There might be a crime involved when someone .

You said it, I just quoted you.

Re: A Gambler Who Beat Roulette

#119

Brilliant at roulette they may be but their strategy seems shit. Why on earth did they make themselves so obvious? Softly, softley catchy monkey. Win less over a much longer time. I really am at a loss as to why they acted so. They were on a good thing, and with care they could have kept at it for years.

In the article it is clear that he's been doing this for more than a decade. I think the main protagonist has probably profited tens of millions of dollars in direct winnings.

Re: A Gambler Who Beat Roulette

#120

My uncle was a professional gambler and did well at it. At first he counted cards playing Blackjack, but eventually was banned from most casinos where it was actually possible to win at Blackjack. (Casinos in Atlantic City aren't allowed to ban card counters, so they use huge decks and shuffle frequently to make winning via card counting infeasible.) He mostly switched at some point to betting on sports. He arbitrage…

Had probably read Dr. Z's guide to winning at the track
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