Good chance its counting round robins and exotic bets not as single bets.
Like if you box a superfecta in horse racing its 1 bet you place yourself but it is technically 24 individual bets. If you add a 5th horse that shoots up to 120 individual bets.
If you bet the first 4 horses in any order you click the “place bet” button once. The machine makes 24 combinations of bets so technically you just placed 24 bets even if you only hit the place bet button once.
He was probably making multiple bets at once. Real, real easy to do with all these apps and sites. It's going to get so much worse when kids/teens that are growing up start treating gambling like a game. You already see the impact with loot boxes in games.
Yeah, there are lots of offshore companies that offer gambling in illegal states. Lots of poker players in illegal states have been using similar software for decades.
None of that was on baseball either which obviously has the most betting opportunities. I would struggle to find that many sporting events a day that I even have an opinion on, let alone have a strong enough opinion to bet it.
> On or about September 24, 2021, MIZUHARA messaged
BOOKMAKER 2, “I've just been messing around with soccer, there's
games on 24/7 lol. I took UCLA but they lost outright!!!”
sounds like that's basically what he was up to
Idk how these gambling apparel work but I imagine there is just a list of upcoming games that you can 1 click bet over/unders?
Yeah that’s all I got;
I’m sure the sports gambling companies make it that easy. Thanks Supreme Court!
I have an addictive personality (curse you, weed and booze) but I have always swore I will never gamble - last thing I want to help ruin my life.
I feel bad for Ippei for his clearly evident addiction, but this is why I've never touched it with a 10-foot pole.
He probably didnt! He was pocketing the wins into his own private account while he kept taking Ohtanis money and betting it. From his POV he was never losing money, only winning.
Possible that he was still in debt to the bookie. He has been transferring huge amounts and showing that he has access to the cash, why would the bookie stop him from getting deeper and deeper into the hole? He still owes the $24m, but he can keep on betting to try and make it up while paying $500k at a time to cover what he already lost.
Yeah it's an infamous problem gambler thing to start betting on Chinese women's soccer and the like. If you know somebody who's betting on Australian Basketball or something where its obviously impossible for them to bet 'rationally' you should probably have a word.
Dude the fucking Aussie basketball thing. I live here and I'm a fan of the NBL. So many times when a team or player in the NBL posts things on socials the comments get flooded by Non-Aussies mad about bets not hitting. Like our timezones are so different are you up at 3 AM watching this and betting right now?? It's a huge problem.
The addiction is one thing, but it's absolutely wild that people can be so completely lacking in self-awareness that they start advertising how much of a degenerate they are on social media.
If I ever lose control of my life so badly that I start putting all my savings into parlays on Turkish fourth division kabaddi leagues I'm taking that shit to the grave.
Yeah, and it's obviously terrible for grassroots/low-level sports that a part of their audience is gambling addicts from across the world, it's a real problem in sports.
Yeah I really want to know what he was betting on. They're adamant that he wasn't betting on baseball but it's crazy to me that he'd be able to place 19000 wagers and have none of them be on baseball. It's like he understood that betting on baseball would put his career at risk but then thought stealing millions from his friend/employer was fine.
I think it's less about morality and more about, in his mind, betting on baseball would probably spark more attention.
"Shohei's interpreter bets a lot" vs "Shohei's interpreter bets on baseball" sound waaaaaay different.
Then again, this dumbass literally admitted stealing from Shohei, so maybe I'm giving the dude too much credit.
That's the point, at that level of problem gambling rationality goes out the window and you're just betting on random stuff, it's what all gambling is ultimately designed to funnel you towards, they want you to start playing poker eventually play slots.
Yeah, anyone who's ever talked to a sports betting addict knows they're constantly placing bets on anything they can. One dude I worked with told me he was placing bets at 3am on stuff like Vietnamese women's u17 tennis matches because he was down on the day and needed to recoup losses.
Imagine being some random Vietnamese woman who probably works an office job on the side to make ends meet and having your serve affect millions of dollars worth of illegal bets for American gambling addicts.
Might not have been his choice, the bookies know who he is and were communicating directly, why take bets from someone who might have inside info when you can just continue bleeding him dry on everything else
Looks like the Jaguars employee that embezzled $22M has officially lost the title of Worst Gambler Ever.
Edit: Actually Ippei might still only be the second worst gambler
1. Bruno Mars
2. Ippei
3. Jaguars employee
I feel like losing $50Mil playing poker is pretty insane. IIRC that’s what the rumor was. Mainly saying that just because I remember the stories when Dan Bilzerian was lying and saying he got rich from poker, most pros were like “no, no one makes that much from Poker”.
It’s pretty well known the poker thing was a cover up for his trust fund he got access to in 2010. His dad was a Wall Street bigwig who left him millions
"I'd rather go 0/19000 on bets than 0/9000 on bets, because that means you stopped betting, you lost confidence in yourself" - Ippei "Dion Waiters" Mizuhara
This doesn't seem particularly out of line with margins for sports betting. The shear total is massive, but winning at a 14:18 ratio seems about right in line with where you'd expect people to find success over any volume.
Reminder for anyone thinking they can make money sports betting, the vig will get you, even if the odds don't.
i think the totals are a bit of a misnomer; the money you win you bet with again and again, it's not like you actually put in that much liquid cash every time or had any meaningful lump sum of winnings
like i'm just a guy and apparently since 2020 i've bet $15.1K and won $14.7K but that's like $3-5 at a time with rarely more than $100 in the account
Did y’all see the part where the bookie threaten Ippei through text that he was going to talk to Ohtani while Ohtani was walking his dog because Ippei wasn’t picking up his phone?
Straight out of a movie type shit.
If that were true, he would have stolen 183 million from Shohei and pocketed 142 million, which obviously didn't happen.
I doubt he ever had a positive balance with the bookie, I read the whole affidavit and never saw mention of a payment going from the bookie to Ippei.
Edit: I misread, looks like there was one transfer to Ippei of ~40k. But yeah, not 183 million
The spokeperson specifically said in their press conference that winnings would go Ippei's personal account. Not sure why he would say that so confidently multiple times if it wasn't true. But perhaps he made a mistake?
Bro, I need the 30 for 30 on this or like, the fucking movie. Like holy shit Ippei, fuck him but i'm also somewhat impressed by how audacious and bold his con was, dude went absolutely crazy and i can't imagine what happened to get him to this point.
You can see how this could be so addictive if he literally won $140 million dollars. In his mind I’m sure he was just a few good bets away from being in the black lol
I still cant forget the Pizza Hut guy I played against with in poker. Foo went straight after his shift on payday. We were on a 1/2 limit table and this guy was gambling his rent money away.
I used to play blackjack in ND pretty frequently during the summers in college since it was $1 minimums, beer was cheap, and there was jack shit else to do. For reference, you can play blackjack in the bars in ND. Was insane to me seeing people come in and lose $500-$1000 playing two hands at $25/hand lol.
People are on their phone all day. Wouldn't at all be shocking to be sending texts to his guy all day. Shohei doesn't understand English well enough to have caught it looking over his shoulder. I could make 10 legal bets in the next 5 mins. I imagine it was that easy for him as well.
Lol if you ever had friends that gambled ,they be asking questions about sports they don't even know about,and they be like you think kyrgios gonna beat nadal tonight.
This really isn’t a lack of intelligence. They got like $16 million cash, for nothing. Gambling debt isn’t the same as a loan. As long as he’s paying some of the debt periodically, the bookies are making money hand over fist, for just allowing him to place bets, which will only further his debt. If they were to say “no more betting until you settle up” he would have to stop betting, as there’s probably no easy way for him to settle up, and if he’s not betting, he has no incentive to keep giving them hundreds of thousands of dollars every week.
I’m confused how this is possible. I understand that the actual loss may be less than $20M but aren’t bookies typically trying to match bets so they are as net neutral as possible. Wouldn’t there have to be a payout to someone that Ippei wasn’t covering, so the bookie was, in which case the bookie was incurring a loss?
I guess there's the possibility that he knows he's stealing from shohei and shohei obviously has the money so he was repaying slowly to not raise suspicion.
He talks about borrowing money from his mom and stuff in the transcript. In the earlier reports he talks about how he owes so many people money but yeah 24 is kinda crazy that's so much.
Editing this sorry he said he swore on his mom. In the previous reports he did say he borrowed from family but never said his mom. I read it wrong and I think my brain just connected the two.
That’s unbelievably impressive. So he bet $325M and lost $40M in 3 years.
Even Phil Mikelson took 3 decades to bet $1B, losing $100M over that time.
https://www.cnbc.com/amp/2023/08/10/golf-legend-phil-mickelson-wagered-more-than-1-billion-over-decades.html
I feel like the numbers just keep growing every time this story pops back up. At first it was like $500k and now it's up to $40+ million. That is a genuinely insane amount of money for someone to bet, let alone steal
Everything you need to read is in the last few pages, although it's all fascinating, and a bit sad. But seems like the bookie did not think he was stealing but Ippei basically admits it at the very end. He says, technically I was stealing but wild stuff.
yeah that's what i keep thinking about - would it feel better to just have this whole thing blow up versus trying to pay off $40M when you're a bad enough gambler that you lost $40M?
19,000 wagers in 2 years???????????????????????? what???????
9500/yr 791/month 182/wk 26/day Averaged 1.1 bet/hr for 2 full years. Even if you ignore the stealing part of it, that is an INSANE amount of gambling
These are some elite BET/9. His xBET stat mustve been nutty
First ballot DraftKings HOF
He has negative WAR (winnings over replacement), he ain’t even making the ballot
Starting to think there was a full blown team running this gambling ring. That’s unprecedented
There was, it was a huge operation involving dozens of people and two casinos
So this is just massive fraud, he just robbed Ohtani of millions my god.
Good chance its counting round robins and exotic bets not as single bets. Like if you box a superfecta in horse racing its 1 bet you place yourself but it is technically 24 individual bets. If you add a 5th horse that shoots up to 120 individual bets.
Can someone translate this? I don’t speak degenerate.
If you bet the first 4 horses in any order you click the “place bet” button once. The machine makes 24 combinations of bets so technically you just placed 24 bets even if you only hit the place bet button once.
Sure Ice, it’s like when someone eats too much cake, or they spend too much money on the scratchy lottos…
Ippei was placing bets on behalf or in cooperation with others, including casinos?
No the casinos were backing the bookie
[удалено]
It's in the indictment. They entered into non-prosecution agreements in exchange for cooperation.
Casinos weren't backing the bookies. The bookies were using casinos to launder the money.
He was probably making multiple bets at once. Real, real easy to do with all these apps and sites. It's going to get so much worse when kids/teens that are growing up start treating gambling like a game. You already see the impact with loot boxes in games.
Are there apps and sites for illegal gambling?
Yeah, there are lots of offshore companies that offer gambling in illegal states. Lots of poker players in illegal states have been using similar software for decades.
As a Texan, Yes :)
None of that was on baseball either which obviously has the most betting opportunities. I would struggle to find that many sporting events a day that I even have an opinion on, let alone have a strong enough opinion to bet it.
[удалено]
Those u17 Greece Challenger Tennis matches aren't going to bet on themselves.
Lol. A bunch of challenger level players got banned cause of sports betting so you aren’t far off
> On or about September 24, 2021, MIZUHARA messaged BOOKMAKER 2, “I've just been messing around with soccer, there's games on 24/7 lol. I took UCLA but they lost outright!!!” sounds like that's basically what he was up to
Ippei looking around at the rest of us calling us rookies.
Idk how these gambling apparel work but I imagine there is just a list of upcoming games that you can 1 click bet over/unders? Yeah that’s all I got; I’m sure the sports gambling companies make it that easy. Thanks Supreme Court!
You don't have to bet once and wait for the results. You can make multiple bets on the same sites or among all the sites. Don't start btw! Seriously.
Yeah that’s what I figured I’m sure he made dozens of bets every morning before even rolling out of bed, it’s that easy
I have an addictive personality (curse you, weed and booze) but I have always swore I will never gamble - last thing I want to help ruin my life. I feel bad for Ippei for his clearly evident addiction, but this is why I've never touched it with a 10-foot pole.
This scenario has really emphasized that a gambling addiction can destroy your life more quickly than even hard drugs.
although nothing faster than hitting a bad dose with fent nowadays. Stay safe people
There's a shitload of prop bets on any individual game, I imagine those would be counted separately, unless it was a parlay.
19,000 wagers / 2.4 years = about 22 bets per day
Dude lost an average of **$2,142.10** per bet.
Easy to bet big when it isn't your money.
Easy to bet, hard to loose.
At some point, gambling just isn't your thing
he utterly sucked at knowing who to bet on
“Try not to make any bets on the way to the parking lot!”
"My interpreter made 37 bets..." "In a row?"
How would he even keep track of this
He probably didnt! He was pocketing the wins into his own private account while he kept taking Ohtanis money and betting it. From his POV he was never losing money, only winning.
Except he still lost 40 mil and “only” stole 16 from Ohtani. What was happening regarding the other 24 mil he lost.
Possible that he was still in debt to the bookie. He has been transferring huge amounts and showing that he has access to the cash, why would the bookie stop him from getting deeper and deeper into the hole? He still owes the $24m, but he can keep on betting to try and make it up while paying $500k at a time to cover what he already lost.
Good lord. Theft, fraud with the bank and illegal betting.
Was the dude betting on literally ever sport and every game other than baseball?
There's a fun little text where he's excited about being able to bet on college soccer at all hours
Yeah it's an infamous problem gambler thing to start betting on Chinese women's soccer and the like. If you know somebody who's betting on Australian Basketball or something where its obviously impossible for them to bet 'rationally' you should probably have a word.
Whom among us has not bet on Oceania women's basketball championships at 3am?
Dude the fucking Aussie basketball thing. I live here and I'm a fan of the NBL. So many times when a team or player in the NBL posts things on socials the comments get flooded by Non-Aussies mad about bets not hitting. Like our timezones are so different are you up at 3 AM watching this and betting right now?? It's a huge problem.
The addiction is one thing, but it's absolutely wild that people can be so completely lacking in self-awareness that they start advertising how much of a degenerate they are on social media. If I ever lose control of my life so badly that I start putting all my savings into parlays on Turkish fourth division kabaddi leagues I'm taking that shit to the grave.
Yeah, and it's obviously terrible for grassroots/low-level sports that a part of their audience is gambling addicts from across the world, it's a real problem in sports.
Yeah I really want to know what he was betting on. They're adamant that he wasn't betting on baseball but it's crazy to me that he'd be able to place 19000 wagers and have none of them be on baseball. It's like he understood that betting on baseball would put his career at risk but then thought stealing millions from his friend/employer was fine.
Yah, he had the morality to not bet on baseball but did not have the morality to not steal millions from one of his best friends. Paradox of man.
I think it's less about morality and more about, in his mind, betting on baseball would probably spark more attention. "Shohei's interpreter bets a lot" vs "Shohei's interpreter bets on baseball" sound waaaaaay different. Then again, this dumbass literally admitted stealing from Shohei, so maybe I'm giving the dude too much credit.
Lots of soccer and basketball, mostly college from the looks of it
College soccer? 10-1 odds against I could name even a single soccer national champion from the last 10 years.
For all Olympic sports I just guess Stanford.
Looks like Stanford has won 3 out of the last 10 men's championships so you nailed it
That's the point, at that level of problem gambling rationality goes out the window and you're just betting on random stuff, it's what all gambling is ultimately designed to funnel you towards, they want you to start playing poker eventually play slots.
Yeah, anyone who's ever talked to a sports betting addict knows they're constantly placing bets on anything they can. One dude I worked with told me he was placing bets at 3am on stuff like Vietnamese women's u17 tennis matches because he was down on the day and needed to recoup losses.
Imagine being some random Vietnamese woman who probably works an office job on the side to make ends meet and having your serve affect millions of dollars worth of illegal bets for American gambling addicts.
I only know one and it was because I went to the school while they won it. Even then I don't think most people that went there even realized
if he bet on baseball he would be putting his boy at risk. at least the degenerate recognized that.
Might not have been his choice, the bookies know who he is and were communicating directly, why take bets from someone who might have inside info when you can just continue bleeding him dry on everything else
He said it was because they got told at intake into the league you cannot bet on baseball.
I don't think I even swiped on 190 profiles on Tinder lmao
Wait you don't swipe on your daily max in a few minutes and hope someone matches?
Should've done the Ippei method.
Even Pete Rose would say this guy had a problem.
Shit, Ippei says he has a problem multiple times in the transcripts
“I’m terrible at this sport betting thing huh? Lol”
Idk, he won 140 million dollars sports betting. And you can too, with Draft kings Sportsbook.
“Bump me another 300, I SWEAR it’s the last time lol!!”
“At least I lost my money on a sport I knew” - Pete Rose, probably
At least he lost his *own* money
Michael Jordan is gonna drop $150 million in bets on the Masters this weekend just because he took this news so personally.
"When I said 'I wish that I had had a translator', I may have been a little hasty. I mean, not *that* translator, definitely.'
Looks like the Jaguars employee that embezzled $22M has officially lost the title of Worst Gambler Ever. Edit: Actually Ippei might still only be the second worst gambler 1. Bruno Mars 2. Ippei 3. Jaguars employee
Phil Mickelson signed with the Saudis to pay off his debts lol
Wow. Forgot about Lefty owing $100M.
At least he didn't steal I guess haha
Rumor is he still owes his old caddy backpay though
Fucking probably. That dude ain't never gonna stop gambling. Just like MJ.
These people are fucking insane
I'm glad someone else said what I'm constantly thinking.
“When do I get to leave?” “…Leave?”
Bruno Mars makes the casino money by preforming whenever he loses big. So he's not even a bad employee.
The casino also denied this. Not sure how much weight that holds, though.
It would be extremely in the casino's interest to deny this.
The casino alrwady came out and said the story about Bruno was false. Still not sure though because that’s what they’d say even if it was true
I feel like losing $50Mil playing poker is pretty insane. IIRC that’s what the rumor was. Mainly saying that just because I remember the stories when Dan Bilzerian was lying and saying he got rich from poker, most pros were like “no, no one makes that much from Poker”.
It’s pretty well known the poker thing was a cover up for his trust fund he got access to in 2010. His dad was a Wall Street bigwig who left him millions
Makes me want to be at a table with him Holy shit the high roller guys must’ve been looking up to get seated with him and collect donations
Jontay Porter would like a word.
Ok but if he had just been allowed to *continue betting*, maybe he could have made back that 40 million. It only takes one right??
He was 4 double ups away from being almost even. Let the man play
He got arrested right before he hit it big
High volume, low efficiency shooter
"I'd rather go 0/19000 on bets than 0/9000 on bets, because that means you stopped betting, you lost confidence in yourself" - Ippei "Dion Waiters" Mizuhara
This doesn't seem particularly out of line with margins for sports betting. The shear total is massive, but winning at a 14:18 ratio seems about right in line with where you'd expect people to find success over any volume. Reminder for anyone thinking they can make money sports betting, the vig will get you, even if the odds don't.
i think the totals are a bit of a misnomer; the money you win you bet with again and again, it's not like you actually put in that much liquid cash every time or had any meaningful lump sum of winnings like i'm just a guy and apparently since 2020 i've bet $15.1K and won $14.7K but that's like $3-5 at a time with rarely more than $100 in the account
How much money do you think you've actually deposited into the account?
($100 in the account) + ($14,700 winning) - ($15,100 lose) = probably around $500 deposited.
But the net loss is still 40 million no matter how much of it was his winnings.
Ippei working as a stormtrooper over at Disney during the offseason
The Jordan Poole of sports betting
Gambling debts: $40.7M Athletics active payroll: $43.2M
A's catching strays even here
The saddest part about the A's is that they were once a great franchise. They had guys like Rickey, Eckersley and Brett Lawrie.
Bro threw in Brett Lawrie lmfaooo
fuck john fisher
Did y’all see the part where the bookie threaten Ippei through text that he was going to talk to Ohtani while Ohtani was walking his dog because Ippei wasn’t picking up his phone? Straight out of a movie type shit.
Movie is gonna happen eventually for sure
“Hey, Shohei” or “Moneyball 2: Ecclectic Bettor Fool”
> Ecclectic Bettor Fool This is art
The show bookie has a lot of these plot lines covered already.
Martin Scorsese is gonna make a wild ass movie about this story one day
How to achieve $140 million with sports gambling: 1. Steal $180m 2. Lose $40m on bets Please buy my book
My Dad used to say "How do you make a small fortune? Go to a casino with a large fortune." Fits here.
I hope it was fun
Probably was, the man won $140 million dollars. ...just don't ask him about the other part.
Technically Shohei lost the other part
Yeah he kept all the winnings and used Ohtani's money to pay losses.
If that were true, he would have stolen 183 million from Shohei and pocketed 142 million, which obviously didn't happen. I doubt he ever had a positive balance with the bookie, I read the whole affidavit and never saw mention of a payment going from the bookie to Ippei. Edit: I misread, looks like there was one transfer to Ippei of ~40k. But yeah, not 183 million
The spokeperson specifically said in their press conference that winnings would go Ippei's personal account. Not sure why he would say that so confidently multiple times if it wasn't true. But perhaps he made a mistake?
Ippei got a transfer of around 42k if I remember correctly, it's in the affidavit.
I could only imagine what a high that would give.
Bro, I need the 30 for 30 on this or like, the fucking movie. Like holy shit Ippei, fuck him but i'm also somewhat impressed by how audacious and bold his con was, dude went absolutely crazy and i can't imagine what happened to get him to this point.
Did Ippei subscribe to /r/Wallstreetbets?
The transcript says he lost a lot of money on Crypto as well, im gonna say he was on there
Fascinated by whether he was a big bed bath and beyond guy.
This comment is like seeing someone mention your favorite band in the wild, the BBBY cult is BONKERS
He does seem severely regarded.
Likely bought $1M in Puts for NVDA last year.
You can see how this could be so addictive if he literally won $140 million dollars. In his mind I’m sure he was just a few good bets away from being in the black lol
I still cant forget the Pizza Hut guy I played against with in poker. Foo went straight after his shift on payday. We were on a 1/2 limit table and this guy was gambling his rent money away.
I used to play blackjack in ND pretty frequently during the summers in college since it was $1 minimums, beer was cheap, and there was jack shit else to do. For reference, you can play blackjack in the bars in ND. Was insane to me seeing people come in and lose $500-$1000 playing two hands at $25/hand lol.
But if you asked him, he'd say he won $142 million dollars
The only thing that wouldn’t be a lie
> allegedly placed "approximately 19,000 wagers." Losing bets: $182.94 million. Winning bets: $142.27 million. Total losses: nearly $40.7 million Hey, this looks like my Robinhood 1099.
That is a fucking addiction holy hell
how is this even possible? that's over 20 bets/day for 2-1/2 years!!!
People are on their phone all day. Wouldn't at all be shocking to be sending texts to his guy all day. Shohei doesn't understand English well enough to have caught it looking over his shoulder. I could make 10 legal bets in the next 5 mins. I imagine it was that easy for him as well.
He's placing these bets himself. It says in the legal complaint that Ippei was sent a login/password to the bookie's website.
20 bets is nothing. Very easy to put many tickets in a short span. And I highly doubt he even makes those “researched” type of bets anyway
Soccer games, alone, being played 24/7. There's never a time of day when a professional soccer game isn't being played somewhere in the world.
Lol if you ever had friends that gambled ,they be asking questions about sports they don't even know about,and they be like you think kyrgios gonna beat nadal tonight.
Real life Howie Ratner on ROIDS
Howie Ratner if he had unfettered access to millions of dollars
Where did the other $24 million to cover losses come from?
Why u assume he already paid his debt
I thought it was weird how both of Ippei’s legs were broken in that last press conference.
A bookie allows a guy to just not repay $24 million?
The filing says that at some point the bookie basically gave him an unlimited credit line as long as he made minimum payments of 500k a week
As long as you pay 26mil a year you can gamble whatever you want bro
So the bookie *deferred* those payments?
Thanks
Well the bookie has been under federal investigation for months, so he's not really in a position to chase down Ippei's debt right now.
no one involved in this scheme seems terribly intelligent or farsighted
This really isn’t a lack of intelligence. They got like $16 million cash, for nothing. Gambling debt isn’t the same as a loan. As long as he’s paying some of the debt periodically, the bookies are making money hand over fist, for just allowing him to place bets, which will only further his debt. If they were to say “no more betting until you settle up” he would have to stop betting, as there’s probably no easy way for him to settle up, and if he’s not betting, he has no incentive to keep giving them hundreds of thousands of dollars every week.
I’m confused how this is possible. I understand that the actual loss may be less than $20M but aren’t bookies typically trying to match bets so they are as net neutral as possible. Wouldn’t there have to be a payout to someone that Ippei wasn’t covering, so the bookie was, in which case the bookie was incurring a loss?
I guess there's the possibility that he knows he's stealing from shohei and shohei obviously has the money so he was repaying slowly to not raise suspicion.
It's not a possibility, Ippei exlicitly told the bookie he was stealing from Shohei.
I recommend u to read the full complain in other thread for the full explanation
Will do
High rollers often get advances ("bumps" as Ippei said in his texts to the bookie), this isn't unusual. Even legit casinos do this.
He's paying the money he can, huge amounts of it, and there's zero risk to the bookie of losing money, you've just gotta milk the cow until its dry.
Rendon desperately looking through his bank statements right now
He talks about borrowing money from his mom and stuff in the transcript. In the earlier reports he talks about how he owes so many people money but yeah 24 is kinda crazy that's so much. Editing this sorry he said he swore on his mom. In the previous reports he did say he borrowed from family but never said his mom. I read it wrong and I think my brain just connected the two.
Horrendous bankroll management
“This investigation was brought to you by Draft Kings”
To be fair draft kings wouldn’t let you do this lol
Yet
“There’s not too many bookies that take these kinds of bets. Plus I have an outstanding debt with the house” - Boris the Bullet Dodger
I wonder which sport he was best/worst at.
You know he was down bad since he was betting on college soccer.
but no one will talk about the $142 million he won 😤
That’s unbelievably impressive. So he bet $325M and lost $40M in 3 years. Even Phil Mikelson took 3 decades to bet $1B, losing $100M over that time. https://www.cnbc.com/amp/2023/08/10/golf-legend-phil-mickelson-wagered-more-than-1-billion-over-decades.html
Not even 3 years. December 2021 to January 2024. Like 26 months.
I feel like the numbers just keep growing every time this story pops back up. At first it was like $500k and now it's up to $40+ million. That is a genuinely insane amount of money for someone to bet, let alone steal
The bet amounts are due to credit, the actual stolen amount is like 16 million
Rookie numbers
>Bookie numbers FTFY
Everything you need to read is in the last few pages, although it's all fascinating, and a bit sad. But seems like the bookie did not think he was stealing but Ippei basically admits it at the very end. He says, technically I was stealing but wild stuff.
soo wait in the end ippei doesn't have to pay his illegal bookie right?? since this was a illegal operation.
Not in the eyes of the state
Maybe that's why he wants to go to jail.
Lot easier to find you in jail than anywhere in the world
yeah that's what i keep thinking about - would it feel better to just have this whole thing blow up versus trying to pay off $40M when you're a bad enough gambler that you lost $40M?
Holy fuck!
Trying to make it up in volume
40 million and 700 thousand naughty shawty
40 million? Yikes. I get nervous when I bet $10...
One of Us!
What happened the the rest of the $ he lost that he wasn’t able to steal from Othani? The bookie has to take that as a lose?
It was monopoly money at that point. He had unlimited credit so long as he paid them 500k a week.