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Ponce
9th June 2011, 06:31 PM
Check out the kid from England betting his life savings.....video
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NJ casino loses more than $11 million to two gamblers.

By Zachary Roth


They say the house always wins. But for one Atlantic City casino, that doesn't seem to have been the case lately.

In April, a blackjack player raked in $5.8 million at the Tropicana Casino and Resort. Then last week, a different man took home $5.3 million after his own amazing run of luck at the Tropicana.

The Tropicana may have been the author of its own misfortune. It's deliberately put an emphasis on high-stakes games, under the theory that it'll come out a winner in the end. And casino officials say that despite the recent massive losses, the gaming emporium will stick with the plan.

"That's just how it goes sometimes; if you bet more, you can win more," Tony Rodio, the Tropicana's president and CEO, told the AP. "We have a strategy of offering the most aggressive and highest table games limits in the Atlantic City market and we're not going to change that. If someone wants to take the shot, we'll take the action."

Don Johnson, from Bensalem, Penn., took his shot in April, and won $5.8 million playing blackjack. Johnson, an expert gambler, had also taken Caesar's Atlantic City for more than $4.2 million and the Borgata Hotel Casino & Spa for $5 million.

Then last week, an unidentified man played craps, blackjack, and mini-baccarat, and walked away with $5.3 million. He left a $150,000 tip for dealers, which was split among the table dealers working that night.

Still, neither man's win was likely as dramatic as the one enjoyed in 2004 by Ashley Revell, a Briton who sold all his possessions to scrape together $135,300, which he wagered on red at a Las Vegas roulette table.

You can watch Revell's big moment here:

http://news.yahoo.com/s/yblog_thelookout/20110608/us_yblog_thelookout/nj-casino-loses-more-than-11-million-to-two-gamblers

ShortJohnSilver
9th June 2011, 07:16 PM
Money laundering is probably the real reason these casinos stay in business...

gunDriller
9th June 2011, 07:32 PM
Money laundering is probably the real reason these casinos stay in business...


what are the odds if you bet small - everytime you bet $100, the house takes how much, $10 ? $20 ?

on average.

Gaillo
9th June 2011, 07:59 PM
Just remember... the only way to consistently "beat the house" in a casino... is to OWN it! ;D

Having said that, I've been known to place a few roulette bets in my time - I have 4 rules I never violate:

(1) I only bring as much cash into the casino as I'm willing to lose, I consider it gone already when I walk in.
(2) I ALWAYS, 100% of the time, WALK OUT after I've doubled my money. No matter how much of a "streak" I seem to be on.
(3) I only play roulette, black or red bets, I wait for a non-chaotic "pattern" to develop (red-black-red-black, or red-red-black-black-red-red-black-black, etc.) then I start betting the pattern will "break" and return to chaos.
(4) I only "double" a lost bet twice, then return to my "unit" bet before doubling again.

I've walked away from the casino with twice the money I brought in over 3/4 of the time by using those rules. Probably takes what most people consider the "fun" out of it - but I've had a LOT of fun over the years spending the casino's money! ;D