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09-30-2013, 09:59 AM | |
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Gambler caught marking cards
I'm not a gambler, but I know some people around here are into poker, so I'm curious how you think he might have been marking cards. It seems like such a thing would be very difficult to do in modern casinos. And could he have been cheating at the poker as well?
http://www.cnn.com/2013/09/29/justic...t=hp_inthenews Legendary gambler Archie Karas accused of marking cards in San Diego casino By Emma Lacey-Bordeaux, CNN updated 11:03 PM EDT, Sun September 29, 2013 (CNN) -- His was a rags-to-riches tale. A Greek immigrant who came to the United States and made it big. A waiter who gambled in his spare time. A poker prodigy who turned $50 into $40 million in just three years. Archie Karas has described himself the "king of the gamblers," but authorities in San Diego are now calling him a cheater. On Friday, police arrested the 62-year-old Karas, whose legal name is Anargyros Karabourniotis, at his home in Las Vegas, on allegations he marked cards during a blackjack game in San Diego in July. The alleged cheating was also caught on camera, according to authorities. The alleged incident occurred at San Diego's Barona Casino. Karas won $8,000 playing blackjack, but San Diego District Attorney Bonnie Dumanis says video shows the gambler cheated with a technique known as marking cards. Marking cards allows a player to identify the value of cards. If done correctly, neither the dealer nor other players notice the marks -- only the player who is in on the scheme. "This defendant's luck ran out thanks to extraordinary cooperation between several different law enforcement agencies who worked together to investigate and prosecute this case," Dumanis said. Karas is being held in Las Vegas without bail. He faces charges of burglary, winning by fraudulent means and cheating. He is expected to appear in court Monday for an extradition hearing. It was not immediately clear if Karas has legal representation. Karas' exploits are legendary in the poker world. In 1992, he went to Las Vegas with just $50. He got a $10,000 loan from a poker buddy at Binion's Horseshoe, according to Poker.org. Karas tripled the loan in one game. From there he went on to bet and win at pool, then poker. "I was the best," Karas told ESPN in an interview broadcast in 2008. "Anybody who'd come to town I'd play them, I didn't care who they were and I'd win, too." But he had a problem, he recounted to ESPN. No one would play him anymore; he had simply won too much. He didn't quit. Instead, he changed the game. "I had to play dice," he told ESPN. He said lines of people used to show up to watch him bet $1 million on each roll. "I ran it up to $40 million," he recalled. "It was a lot of money." But as quickly as it came, the money left Karas. He said he lost $20 million in 10 days. Soon, it was all gone. It took him three years to win the $40 million and only three weeks to lose it. If the loss hurt Karas, he didn't show it in his 2008 interview. "I consider myself the king of gamblers," he said, chuckling. "I made it, I lost it and like Frank Sinatra says, I stood tall and I took the punches and I did it my way." |
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09-30-2013, 11:51 AM | #31 | |
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09-30-2013, 11:55 AM | #32 | |
Debunking your bullshit
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09-30-2013, 11:59 AM | #33 | |
Debunking your bullshit
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09-30-2013, 12:01 PM | #34 |
Quit your bullshit
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Spoken like someone who reads the books and never plays. Reading people is a tiny part of poker. Nobody can ever be competitive without looking at his cards...except Matt Damon in Rounders. You can pick up tendencies, betting patterns, etc., but even that is only a very small piece of things. Want to be better at poker? Fold before the flop more often.
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09-30-2013, 12:14 PM | #35 |
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Poker is more about luck the closer you get to a single card draw. The further you pull away to a career it gets more about skill.
If you need a single card to give you the winning hand, that is all luck. The skill comes over the long run by maximizing your wins and limiting your losses. I consider myself a fairly good player but I won't win every hand or every tourney or even be up after a session but if you look at the big picture I've won more money than I lost. Tournaments are an even bigger crap shoot since the increasing blinds force action. If you can just sit there forever waiting for a good start hand you can greatly increase your odds. |
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09-30-2013, 12:14 PM | #36 | |
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You hit on two points above: profitability and fun. As far as profitability goes, keep this in mind: there is a really wide gap in the skill level and intelligence of any given player at the table. As you pointed out, probability dictates a lot of what happens. Well, a lot of people don't understand probability, at all. That can be exploited. Think of it in terms of financial management. Based on the pot and the relative size of the bets one can overvalue and undervalue their hand. Your goal then is simply to maximize value. Now this is just a basic part of the overall strategy, but it's essential to understand and is key to consistently beating bad players. Hell, in the day a number of people made a lot of money just being math players and you can still be fairly successful at lower levels. Since the poker boom of a decade ago, there are a lot more people that understand the math of it, at least fundamentally, and this is where the fun comes in for me. There used to be, and this is a simple generalization, math players and feel players. These days you have to be both to be consistently successful at higher levels. If you play strictly by the rules of probability then other players are going to recognize nice that and adjust their play to manipulate that. So sometimes you have to make decisions that are incorrect according to the math. Once you start getting deeper and deeper into the meta game, it becomes really fun. It is really quite deep. |
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09-30-2013, 12:17 PM | #37 |
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09-30-2013, 01:17 PM | #38 |
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So in your opinion the only activites that count as gambling are those that are purely based on luck? And it ceases to become gambling when you can utilize a skill to win?
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09-30-2013, 01:24 PM | #39 | |
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I feel like it should interest me, but it doesn't. I don't see the justification to invest time so I can influence the 1% of the equation that I can influence. With blackjack I lost interest as soon as I learned the "double your bet" trick. If you do that and you have an iron gut, you win every time. But big deal, you win a small amount. It's not worth the effort.
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09-30-2013, 01:24 PM | #40 |
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Well, I don't really like the word luck. If you were to say gambling is playing any game where your expected winnings are negative, then I would say yes.
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09-30-2013, 01:47 PM | #41 |
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If you're not cheating you're not trying... And "the house" better hope I never end up on they jury. I think it's pussy as all get out to not having to play the game within the game... LOL, THAT group looking for the law to protect them is kinda funny.
Anyway, I'm on the card-counter's side! Scroo the "house"!!!
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09-30-2013, 01:55 PM | #42 | |
Quit your bullshit
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Playing poker is always gambling, as opponents aren't forced to abide by if/then actions.
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09-30-2013, 02:00 PM | #43 | |
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09-30-2013, 02:21 PM | #44 |
Quit your bullshit
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Unfortunately, you don't know when you're >50%...at least not consistently. I mean, you can have the nuts every once in a while, but that's the exception.
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09-30-2013, 02:26 PM | #45 | ||
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"Nobody can ever be competitive without looking at his cards"? Are you sure about that? http://www.pokerlistings.com/poker-p...nette-obrestad Quote:
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