Monday, 24 October 2016

Quite a bit to catch up on ..

It never ends.

Readers/experienced Advantage Gamblers will remember the Phil Ivey exploits of the last 2 yrs, and we have just had the judgement from the Borgata case. Its a complex judgement, which may have ramifications for other gamblers, but, basically, Ivey was not guilty of committing a fraud, but, did breach his contract with the casino, and now probably owes the $10m (which they paid him).

Maybe Ivey will pay, maybe he goes insolvent, maybe he appeals.

On the Uk front, the Competition and Marketing Authority, is looking at potential breaches in consumer law, by the gambling industry. Bookmakers have some v bad press (for good reason), and I hope some reforms are made. It would be nice, if they also take a look at exchanges, abusing their dominant power.

I had some correspondence re cheating machines, and the ability to stack a deck, so, the dealer wins, (wherever u cut it) .. which I found amazing.

Be careful out there ..

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