The Casino Scam of Billy Walters

by on April 10, 2018

There are lots of stories from down the ages about massive casino wins, unbeatable systems and incredible scams. The vast majority of the are completely false or at least widely exaggerated tales which have been changed over the years to sound more dramatic.  They’re great fun to read especially when you’re waiting to play or as I sit at home to login to my favourite Dublin live online Casino on a Saturday night.  Some we’re not even sure ever happened at all, take for instance the famous story of Joseph Jagger. However there’s one tale which is absolutely true and happened in the 1980s, the main character at the center of this story was a very rich car salesman who won a fortune in Atlantic City.

This is the amazing tale of Billy Walters. The guy was a used car salesman as well as a known big hitter in Las Vegas who frequently won and lost enormous quantities of money. In 1986 Billy Walters hit the casinos in Atlantic City on roulette in a big way. Only this time he was actually doing something different … a lot different. Just What Billy Walters did was to make a proposition certainly never seen or heard before in Atlantic City. He offered to deposit a sum assumed to be $2 million with a casino in return for them increasing their highest wagers on roulette. A traditional casino called the Golden Nugget accepted the offer and Billy travelled in from Las Vegas in order to start his date with destiny.

Doing this is precisely where Walters’ strategies varied drastically he bet $2,000 for each number on five numbers and certainly never once changed his bet. What initially struck the casino workers as being strange was actually that Walters persisted on playing on double zero roulette instead of single zero. It is actually here where the advantage for the house substantially increases to a whopping 5.26 per cent. Instead of worrying that they were being set up, the casino gaming staff just took Walters as another impetuous punter who really did not have an idea about exactly what he was doing. After all they knew full well about his track record for losing big sums of money in Las Vegas, which meant that they were more than happy to accommodate him. Walters played five numbers– 7, 10, 20, 27 and 36. For the benefit of European readers, 7 and 20 and 10 and 27 are situated alongside each other on a double zero American wheel. Walters and an affiliate of his bet hour after hour and it was pretty soon apparent to all present that the casino administration was worried.

A succession of worried telephone calls and huddled meetings revealed to anyone that the big managers at the Golden Nugget were actually far from happy. On and on, Walters relentlessly played the same figures. Once in a while he would opt for a break and his associate would hold the fort and carry on with the action. Each and every time that Walters struck one of his five numbers, the winnings was $70,000 less the $8,000 that he sacrificed on the other four numbers, leaving behind him with a win of $62,000. With action totalling $10,000 per spin, Walter’s actual expectation per spin was minus $526 therefore it was actually it’s not surprising that the casino embraced his activity initially. But after nearly fourty hours of continual play, and Walters being literally $4 million ahead, the casino moguls put an end to the game. They also attempted to circulate tales in the local papers that Walters had merely gotten on a streak. The reality was that this wasn’t down to good fortune and the casino management realised it. All of a sudden they understood exactly why Walters had not played on the much better single zero wheels. It really wasn’t because he was a dummy but because there was something amiss with the wheel in which he had been playing on. Billy Walters was ruthlessly exploiting what is referred to as a biased wheel, and he was exploiting it to the full. A biased wheel is one where the near randomness of the result has been disrupted, for whatever reason. This can possibly be done artificially by an individual but most of the time it is brought on by constant repetitive wear and tear. But the false information which was put out by the casino bosses was simply another illustration of them not wanting the truth to be known. Even the best roulette wheels on the planet are susceptible to deterioration.

So exactly why did the casino stand for Walters’ action for so long before calling time? Well, initially, no one had actually previously been hit to that extent before with biased wheel play. Secondary, Walters’ history as being a known big hitter and a losing casino player to boot provided him the ideal cover for his coup. When it became obvious precisely what was occurring it was far too late.

As it later turned out, Walters had a crew of wheel clockers touring the casinos in Atlantic City performing nothing else but taking down numbers. He already had the information at his disposal and all he needed to know was the best ways to interpret it accurately to see if a bias existed. This process of identifying real bias and not imagined sequences is an area that’s not well understood by many casino executives and certainly not back in the mid-1980s.

Source: http://www.playonline-roulette.com/casino/the-martingale-system-a-simulator/

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The Elegance of Baccarat Online Live

by on February 14, 2018

Think of baccarat and what image comes to mind? Big hills of hundred dollar bills? Tall suntanned dealers in snappy black tuxes? A private little casino with an elegant softly-lit sign that whispers BACCARAT? A big security guard standing next to the velvet rope? “Move along, buddy.” “But officer, l was just—” “Move along, buddy.” “Uhh, yes sir.”

Hey, wait a minute. This is America, and this is the twenty first century. If you want to play baccarat, then do it! After all you can even play baccarat online live now using the power of the internet! It’s the most underrated game in town. It offers the best odds of winning, it’s played at a nice easy pace, and there’s no one screaming in your ear or spilling something on your shoes. It’s like a vacation in the country; it’s like Central Park in the middle of New York City; it’s the game you’ve got to play at least once in your life just so you can say you did it.   It’s one of those games which many seem to ignore a little like playing Keno online, you only notice the games when you see the crowds around them and the fun they’re having.

baccarat online live

First, a brief history lesson. In the 1500s the French aristocrats didn’t have anything to do, so they made up a game which they called Baccara. It’s still popular in many countries, along with two variations of the game: Chemin De Fer and Baccarat, or “Punto Banco,” as it’s known abroad.

 

 

 

The first thing you have to learn about baccarat is how to pronounce it. If you say “Back-a-rat” you will have exposed yourself as a tourist. But if you say “Bah icah-rah” that big security guard by the velvet rope is going to move right out of your way.

Anyway the best way to learn the rules is to do it online and using a free game – so here we are – a live baccarat online free play game for you to play around with.

To access the Money Game – You can get it here – Bodog Casino or for US Players

Obviously you can only go so far online, and although using a baccarat simulation is great for the rules – you don’t get to enjoy the atmosphere and spectacle of the game. Indeed the excitement at the table is why so many people play the game, so if you learn the rules online then you should really try out the game in a casino if you get chance.

The baccarat table seats twelve players and two dealers, one on each side. Their job is to take losers and pay win- ners. A third dealer stands on the other side of the table. He calls the cards and passes the “shoe” after each hand. The shoe is a wooden or plastic box holding eight decks of cards, and is exactly like the shoes used in most Las Vegas blackjack games.  You’ll see them in most other casino’s too if you watch live baccarat anywhere.

The object of baccarat is to achieve a total of nine with two cards or an additional third card if necessary. All number cards 2 through 9 count as their face value; aces count as 1; and all l0-value cards, including face cards, count as O. For instance, a jack and a four would count as 0 plus 4, or 4. The shoe passes around the table in a counter-clockwise direction after each hand. Participants may bet with either the “player” or with the “banker,” who is the fellow that gets to slide the cards out of the shoe.

Even the “banker” can bet with the “player” if he wants to; being the “banker” is just part of the ceremony. Now we’re ready to begin. “Card for the player,” the dealer intones. Out slides a card, face-down, which the dealer keeps in the middle of the table. “Card for the banker. ” This card is tucked under the shoe by the banker. “Card for the player.”

Sounds like a scene from a James Bond movie. “Card for the banker.” The dealer then gives the two unexposed cards in the middle of the table to the player having the largest bet on the player’s side, who turns them over and tosses them back to the dealer. The banker exposes his cards, and the following rules prevail: If the player’s cards total 8 or 9, the players automatically win; that’s called a “natural.” Unless the banker’s total ties the player’s total; in that case the hand is played over. The player must stand if a 6 or 7 total comes up; and the banker, if he has less than 6 must draw an additional card subject to the specific rules being played.

It’s actually quite a simple game when you understand the baccarat game rules, although many player develop complex baccarat game strategy and tactics.  It’s not really necessary though and I’ve yet to see any system which alters the core baccarat odds.

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