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Question of the Day - 11 October 2009

Q:
I heard a wild story about a group of dealers that pooled their money and bet a football game every week with some sort of fantastic result. Do you know anything about this? I heard it was at the Hilton.
A:

In late 1991, a group of eight baccarat dealers from the Las Vegas Hilton turned an initial $80 stake ($10 per person) into $103,000 by betting one NFL football game per week, parlaying their winnings, and winning 11 consecutive bets. The dealers resolved to continue their parlay until they either lost or reached 15 straight wins. Had they been successful, the group would have cashed a $1.3 million profit (assuming they could get the money down on the last couple bets in the days before the Internet wagering shops). The odds against winning 15 straight are about 33,000-1. The odds against winning those remaining four games were only 15-1. Alas, they lost in week 12. The two dealers who made all the winning picks were women.

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