Re: Laundering money through commodity futures

[Sandy Sandfort <sandfort@crl.com>]

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