Beat the Players
I just finished reading Bob Nersesian’s new book Beat the Players. He is a lawyer who represents gamblers – particularly card counters and other guys who try to beat the house at their own game -- in disputes with casinos. He recently won a huge judgment for two players who were caught peeking at a sloppy dealer’s hole card (completely legal), manhandled, arrested, and jailed. The book is mostly a summary of Nevada gaming law with a few excerpts from cases thrown in. I like to know my rights under the law so I read it with interest.
One thing that jumped out at me was that Nevada, like most places, still does not enforce gambling debts. There is a law requiring the payment of a winning bet, but the common-law doctrine that gambling debts are unenforceable is still in force in Nevada.
I suspect this means that, regardless of the merits of his claim, Crispin Leyser is out of luck trying to collect half of Jamie Gold’s $12 million first prize in the 2006 World Series of Poker.
One thing that jumped out at me was that Nevada, like most places, still does not enforce gambling debts. There is a law requiring the payment of a winning bet, but the common-law doctrine that gambling debts are unenforceable is still in force in Nevada.I suspect this means that, regardless of the merits of his claim, Crispin Leyser is out of luck trying to collect half of Jamie Gold’s $12 million first prize in the 2006 World Series of Poker.
By the way, what ever happened with that investigation Harrah's was doing into the extra chips I discovered added to the main event?
Labels: books, extra chips, poker
posted by Richard at
3:04 PM
2 Comments:
I don't know if this was in the book, but unpaid gambling debts are written off by the casino as "bad debt" and therefore untaxable. I believe in New Jersey unpaid gaming debts are taxable, which is why gambling debts may be prosecuted there.
Is Leyser claim a gambling debt or is it a contract? Based on his claim, he said Gold promised him in advance to give half for helping him find celebrities to wear Bodog, since Bodog would only pay for one entry.
I am not going to pretend I know what was said between Gold and Leyser. To me it sounded like Gold promised Leyser something he could not provide, a seat at the WSOP. When he found out he couldn't get the seat, he promised money for a job Leyser did.
To me this is a contract and not a debt. A debt to me would be, Gold wants to bet $10 on the Bears to be the Rams Monday night. The Bears lose, Gold does not pay, Leyser goes to court. The court would not make Gold pay.
Post a Comment
Links to this post:
Create a Link
<< Home