This video really shows how this scam can work. Either William is the best actor I’ve never heard about or he is a guy who believed in Christopher Mitchell and just experienced the absolute terror of the Martingale System. If you listen closely to William talk you can see the relief he has that he never lost that 5th or 6th hand in a row.
When I was coming up the ranks of trying to become a Limit Holdem player in Druff’s league I unfortunately at one time or another developed basically every leak a poker player could have. One of these was frequently taking 5K or so in the high limit pits all over Vegas & AC. In Vegas the best spread you are going to find is a $100 Min with a 10K Max. Some rooms have moved up the minimums to $200 or $300 but it’s not hard to find this 100-10000 spread. In at Atlantic City typically table max is $6K.
I never sat down & said to the pit boss I’m going to Martingale and basically risk 10K to win maybe a 1K or so but I imagine if I did the casino would love to see me do that. I’m sure they prefer it even over flat betting for extended periods. I’m risking so much in order to basically book a small win. We all know in the long run I’m going busto, but in the short run I could book a bunch of smallish wins while risking a shit ton.
Like Druff alluded to on this weeks PFA radio if you have 10 K and absolutely need to make a grand or so pronto than surviving a martingale session may do the trick in that short run example & that is exactly what it seems to do in this video with William which is done right before the casino shutdown. It appears that martingale held up in the very short term and in this case for William’s sake I’m glad it did as he seems like a decent guy just desperate & naive.
If Mitchell busts Williams bankroll, William is such a believer at this point that when he is told this was just “incredible bad luck” that “never happens.” he’s most likely just going to choose to believe it if anything just to make himself feel like he wasn’t scammed. That’s a tough thing to accept. To blame it on just a shitty run of cards is much easier thing to accept.
The reason I’m very certain my read into most of this video being real is not only from a William’s candor but the numbers are much more realistic. Starting at a betting unit of $100 a goal of a grand or so before that big losing streak comes is reasonable. I also know for instance when they say that at the Gold Coast they could only make a few hundred because of the tighter bet spread I know that is true. There is no high limit area in that Boyd Property.
The fact that I believe this video to be mostly real is alarming. Think pretty much all of us on this forum know that the martingale system would only work in the long run if I was given unlimited credit & an unlimited max bet. I could go double or nothing until the end of time & be a zillionaire by now. However, this isn’t so easy to communicate to the uninitiated.
In all seriousness people are hurting right now. We are probably going to see record unemployment & when people finally can get out many will be desperate. It will be prime feeding ground for scammers like Mitchell. Desperate people will hand him all they have and in some cases get absolutely nothing back. As entertaining his horseshit jive has been during this lockdown the right thing may be to go nuclear soon to get him shut down on YouTube before he ropes in many more. Facebook is a different animal as even Morgenstern’s page is still technically open there. Thanks to Dustin Mc many of Mitchell’s greatest hits can live on far longer than his channel.
https://www.youtube.com/watch?v=SJbVOQM0f7g