Faulty Casinos or Crooked Punters?

 


Owning a casino is, by-and-large, an incredibly lucrative investment. Unfortunately, to hold onto your house edge, you need to ensure the casino equipment is up to scratch. There are always going to be eagle-eyed punters willing to meticulously check the equipment themselves, but they probably won’t be too keen on letting you know about it.

In 2012, poker legend Phil Ivey tried his hand at a high stakes baccarat table in Crockford’s casino in London. Being the prodigious gambler he is, he walked away with a whopping £9.1 million. However, the casino contends that Ivey cheated because they could find a faulty shoe (the mechanism that holds the decks of cards).

If the cards were dispensed in a particular way from this shoe, Ivey would gain an advantage. The practice is known as edge counting, and experienced gamblers throughout history have sought to find such an advantage. The casino sued Ivey, while Ivey counter-sued for not paying his winnings out. It has got many people wondering whether the casino should deal with the consequences of having faulty equipment.

Way back in 1873, knowing that man-made inventions were imperfect, engineer Joseph Jagger managed to find a way to beat the roulette wheel at the Monte Carlo Beaux-Arts casino. He hired six helpers to study the outcomes on the wheels until they discovered one of them had a bias. Needless to say, Jagger went for broke and left the casino $300,000 richer. The story was immortalised in the 1935 movie, The Man Who Broke the Bank at Monte Carlo.

Fourteen baccarat punters took $1.5 million from the Golden Nugget casino in Atlantic City due to faulty cards and dealers. The players noticed that cards were not being dealt out randomly, and they began to spot patterns. The dealers didn’t notice, and the players all increased their bets until they’d won a huge sum of money. The casino decided to sue the card manufacturer for the error.

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