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Advantage Players Fighting Back

Discussion in 'Table Games' started by pphold, Feb 27, 2016.

  1. pphold

    pphold
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    Advantage players fighting back. I think they are just getting to cash in their chips and some are getting settlements but it does not say they are allow to play again.


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  2. Malibugolfer

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    Nersesian is the White Knight of AP players.
    His defense and settlement of James Grosjean is legendary. Grosjean being perhaps the most famous current AP in the world.
    I think he also did the case of a poker player who got paid a debt with a $25K MGM chip that they confiscated.
     
  3. thefish2010

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    James Grosjean is incredibly intelligent, as are alot of these high-profile AP's. However, I question their logic. A guy like Grosjean could be running or at least working for a quantitative hedge fund, making hundreds of millions or even billions of dollars over the span of his career. Instead, he spends his time being harassed, arrested, having to sue casinos, and the rest of his time grinding it out at the tables. He's probably made a few million dollars over the course of his career, and will have to keep grinding it out even as he ages in order to make a living - if he isn't immediately run out of every casino he sets foot in.

    There are only four people that have built a net worth of nine or ten figures in gambling that I am aware of. One is
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    (sports betting), who has also had to spend decades fighting with law enforcement. The other three are
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    ,
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    , and
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    , all of whom made their money beating the horse racing pools in Hong Kong and Australia. Those are probably the only AP's on earth that made their money through gambling and are truly financially independent for the rest of their lives.

    Being an AP might sound fun and sexy, but I just think that overall it's much better to make your money elsewhere, and then spend some of it having fun in Las Vegas instead of being arrested and fighting with casinos. You can't win your time back, no matter how good you are at the tables.
     
    #3 Feb 29, 2016
    Last edited: Feb 29, 2016
  4. PayTriple

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    Yup look at the immortal Edward O. Thorpe, of Beat the Dealer fame. He made hundreds of millions in the financial world, not from BJ.
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  5. pressitagain

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    The fish quoted 4 AP to 1 financial guy. If I'm not mistaken the APs are actually worth billions.

    I believe that there is a reason that Vegas is steering away from the big bets and cracking down on APs.....there might be some money in it!!!!
     
  6. PayTriple

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    The Cucumber King
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    Thorpe is the most famous, but there are tons and tons of Masters of the Universe types in the Financial world, versus only a handful of AP players.
     
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  7. pressitagain

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    I'm not doubting the amount of success that happens in the financial world.

    There is a growing fear that some APs are creating betting networks to win millions (in a blink of an eye).
     
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  8. dvandentop

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    I enjoyed this article for sure.
     
  9. Chicken Dinner

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    Fuck the casinos. They will do anything they can to separate you from your money. Anything you can do to even the odds short of breaking the law is ok by me. Reminds me of another discussion of the casinos coming after folks well after the fact for over payment. They're never going to come back and correct an underpayment
     
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  10. shifter

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    yep anybody who thinks the casinos are just there to provide a fair game and collect the house edge is clueless.

    they are in the business of winning and anybody who threatens that is quickly and swiftly dealt with.

    they expect to win many multiples of the house edge in every game and they do everything they can to tilt the stakes to give themselves an even bigger edge.
     
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