The History of Famous Casino Scams and Con Artists
Casino scams require ingenuity, sophistication and bravado to pull off. Although most individuals who attempt them ultimately become caught, their planning and expertise deserve respect.
One of the most well-known casino scams ever committed involved a corrupt roulette dealer and two players working together using an insider technique to identify winning bets on the roulette wheel.
The Cutter Gang
Casino scammers rarely match up to the Cutter Gang for impressiveness in casino ruses. This gang of baccarat players used an ingenious, yet straightforward scheme that managed to deceive casinos worldwide.
The gang would use discreet chip switching between tables, stealing money from low value tables. They continued doing this for an unknown length of time and made millions.
Their heist nearly came to an end when they were nearly caught at the Cosmopolitan Casino; however, they managed to avoid detection by hacking into its system in order to escape undetected. Since then, no sign has been heard from this gang; it’s thought they may have switched tactics and began cheating online casinos instead – hopefully using their skills to scam more casinos and make even larger winnings than before! Sadly no one will be able to stop them as they have become an emblem for casino cheating!
The Roselli Brothers
A group of con men from New York in 2012 deceived Ohio casinos by concocting an elaborate casino scam. They used table covertly to move chips between games; one would play low value while the other switched it for high stakes tables.
One member of the gang was actually a dealer; he played as the inexperienced player while his sister-in-law used different tables to avoid detection, pushing the transmitter button when the ball dropped with great accuracy – to the tune of nearly one million dollars per week!
Dominic LoRiggio has made his living through dice control techniques such as his signature ability of changing any odds into winning rolls with just the flick of his wrist, teaching other how to do this for a fee. He offers this skill as part of his services to customers.
The Colavecchio Scam
Louis Colavecchio earned himself the moniker ‘The Coin’ due to his extraordinary abilities at producing counterfeit slot machine tokens for casinos across America. FBI agents were astounded at his operation’s scope – his workshop contained dies which could produce flawless copies of almost any casino chip and laboratory tests couldn’t detect their fake versions!
One of his many tricks was using a cigarette as a cover to whisper instructions into a hidden microphone in his sleeve, then sending these out to other members of his gang who placed bets accordingly. Over time, this network amassed nearly $7 Million before eventually being dismantled by authorities.
Though card counting itself isn’t illegal, if casinos notice patterns of lucky wins it may lead to players being banned from the premises. The ‘Roselli Brothers’ did something similar by employing Sector Targeting: scanning roulette wheels to read orbital decay so as to predict where a ball would land and placing bets on certain sectors of each wheel.
The Sector Targeting Scam
Casinos have seen their fair share of scams over time and while most are ultimately caught, some are quite remarkable in terms of creativity. As one of the most beloved forms of gambling activities available today, casinos are often targeted by criminal gangs or individuals looking for ways to steal from them by any means necessary.
Card counting and magnetic roulette balls are just two methods used by scam artists to try to take money from casinos, but for truly spectacular casino fraud – few rival the story of three Eastern Europeans who managed to leave London’s Ritz hotel with PS1.3 million by using laser-scanning technology on their smartphones.
These strategies allowed them to read the ‘orbital decay’ of a wheel – which involves reading wheel dimensions and ball speed as part of an accurate forecast – with remarkable precision, accurately anticipating where it would end up. As their method wasn’t considered cheating under gambling law at that time, all their winnings remained theirs without facing any legal charges for cheating or anything similar.