C'punks, On Mon, 18 Apr 1994, tim werner wrote:
. . . I believe Eric's point was a little off, anyway. The bank at Monte Carlo was broken using exactly the method which he was attempting to discredit.
A man went to the casino with several suitcases full of money and proceeded to play roulette using the progressive betting strategy. Eventually he broke the bank. That's when casinos started imposing house limits on the tables. I don't think this story is apocryphal.
Actually, I think it is. In all casinos that I've heard about, the "bank" is just an amount that each game is allowed to lose in a given period of time. If roulette table #1 has a bank of $10,000 and it loses more than that amount, the bettor has "broken" the bank. Whoopdeedoo. Great for casino publicity, but not that big a deal for the casino in the overall scheme of things. It is exactly stories like the one you repeat that keep the rubes coming back to the tables. S a n d y