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(Examiner)   Jack in the Box heiress and former San Diego Mayor gambles away more than $1 billion. When she dipped into her late husband's charity, things started to get messy   (examiner.com) divider line 95
    More: Sad, Jack in the Box, San Diego Mayor, Maureen O'Connor, San Diego  
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11395 clicks; posted to Main » on 15 Feb 2013 at 8:20 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-15 06:54:26 AM
Blowing 1 billion dollars of money you inherited from your late hubby?

Stupid but none of my business.

Stealing millions from a charity in order to feed your addiction?

No sympathy.

Too sick to go to jail for it?

Oh well, never mind then.
 
2013-02-15 07:02:39 AM
After losing the first couple hundred million, wouldn't the thrill kind of go flat? I'd at least want the illusion that I might win.
 
2013-02-15 07:18:20 AM
primarily on video poker machines

Damn, that seems like a lot of video poker. What's the highest stake on one of those things?
 
2013-02-15 07:42:52 AM
This alleged slide show is 8 stock photos of the outsides of jack in the box restaurants.

Click if you like looking at jack in the box photos. Its a hobby of mine, has been since the 1970s.
 
2013-02-15 07:45:02 AM
A Link With Actual Content About The Headline

For you weirdos that don't just want to click through 8 photos of jack in the box stores.
 
2013-02-15 08:16:29 AM
O'Connor frequented Las Vegas where she was given VIP treatment.

Ya think?  People losing $1 BILLION to the casinos tend to have the casinos very happy to see them.  Was Rick covering this story?
 
2013-02-15 08:24:58 AM
FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.
 
2013-02-15 08:26:19 AM
"Sad" tag, Subby?  How about "Dumbass".
 
2013-02-15 08:26:22 AM

Generation_D: A Link With Actual Content About The Headline

For you weirdos that don't just want to click through 8 photos of jack in the box stores.


Thanks.  There was an auto play video with sound that couldn't be shut off.  I closed the tab immediately.
 
2013-02-15 08:29:06 AM
So if there are enough zeros in the amount you steal you won't get jailed?

Noted.
 
2013-02-15 08:30:36 AM
Two Tacos 99 Cents!  What-a-deal!
 
2013-02-15 08:32:31 AM
Is she hot? Should I care about this?
 
2013-02-15 08:32:35 AM
"Well-know and respected defense attorney Eugene Iredale is representing O'Connor. "

If she could have afforded it, she would have hired a know-it-all attorney. But she's broke, so she got the next best thing.
 
2013-02-15 08:34:10 AM
Let me add something to the Article that was strangely omitted.  Maureen O'Connor (D)
 
2013-02-15 08:34:39 AM
Just think of all the jobs she's created by wise use of her money!
 
2013-02-15 08:36:26 AM
Well, this certainly explains the new "Hot Mess" menu at my local Jack-in-the-Box.
 
2013-02-15 08:37:05 AM

karnal: Two Tacos 99 Cents!  What-a-deal!


I read this in Dr. Zoidberg's voice.

/woop-woop-woop-woop
//nyehhh-ehhh-ehhh
 
2013-02-15 08:37:35 AM
She would have had to lose $300K+ every single day to go through a billion in 9 years. How do you do that
 
2013-02-15 08:39:13 AM
She needs to raise the money to repay the charity, and is broke herself. Um, who is going to donate 2 million dollars to this woman? Given that there's probably not much stopping her from just doing it again once it's business as usual? How about you give that 2 million to a charity not run by an addict.
 
2013-02-15 08:39:22 AM

MrBallou: After losing the first couple hundred million, wouldn't the thrill kind of go flat? I'd at least want the illusion that I might win.


Negative attention is just as addicting as positive attention. The brain's  reward centers are funny that way. '

That's why losing at gambling is just about as addicting as winning. It's also why trolls keep trolling if you tell them they're idiot losers.
 
2013-02-15 08:40:03 AM

abhorrent1: She would have had to lose $300K+ every single day to go through a billion in 9 years. How do you do that


suck at gambling.

says she won and lost 1 billion. guess some days were better then other.
 
2013-02-15 08:40:11 AM
Jack in the Gutter.
 
2013-02-15 08:43:41 AM
Great, now I want an Ultimate Bacon Cheeseburger.

Closest damn one is in South Carolina.  /sadface
 
2013-02-15 08:43:49 AM
I knew a few people that were addicted to video poker. Addicted sounds weird but I don't know how else to describe it. Once they sat down at a machine they would just get a trance-like stare.  We drank at a bar with a couple machines for "entertainment only". One guy would show up on Friday cash his check in the bar and start playing till he was  broke or the bar closed. I've personally seen him lose $600 or more paychecks often. Didn't go over with the wife and finally cost him his family. Poker machines are devil boxes.

/ I go to Vegas at least once a year but you couldn't force me to sit at a poker machine.
// Blackjack is the way to go. Or craps.
 
2013-02-15 08:46:22 AM

gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.


It seems a billion was half the total volume of the transactions, with about a billion of winnings too. It seems that when paraphrasing him, the article writer misunderstood the attorney, or the attorney mischararacterized it to begin with:

ftfa: At one point, O'Connor was ahead by more than $1 billion, Iredale said, but she suffered even greater losses. The attorney added that her net loss was in the end was $13 million.

She would never have been that far ahead "at one point". Her balance zigzagged, and if you add up only the upward segments on the graph, you get a number like a billion.  That's the only reading of this that makes any sort of sense.
 
2013-02-15 08:46:31 AM
"In court Thursday, O'Connor admitted to taking $2 million from her late husband's foundation to support her gambling addiction."

But wait, her husband set up a foundation just for this type of situation.
 
2013-02-15 08:52:04 AM

gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.


I'm sitting her having a stroke trying to figure out how you lose 1 Billion dollars...1 BILLION!!!

/DNRTFA
//thanks for reading for me
 
2013-02-15 08:53:54 AM
TFA:  At one point, O'Connor was ahead by more than $1 billion, Iredale said, but she suffered even greater losses.

Bullshiat
 
2013-02-15 08:55:19 AM
Jack died? I thought he was doing so well after being exploded by the corporate greed heads.

His wife's hawt but after popping out Jack's son, she is the proverbial hotdog down the hallway.
 
2013-02-15 08:55:26 AM
Annoying link with multiple pop up's and videos is annoying
 
2013-02-15 08:59:18 AM
tribkswb.files.wordpress.com
 Boo farking hoo you stupid coont.
 
2013-02-15 09:01:09 AM

Freakjob_0: I'm sitting her having a stroke trying to figure out how you lose 1 Billion dollars...1 BILLION!!!


The article is a little confusing. It says she won a billion, then lost that and ultimately ended up 13 million in the hole.
 
2013-02-15 09:01:28 AM
This is why we need a 95% tax rate on the wealthy.
 
2013-02-15 09:01:39 AM
Blowing through a billion dollars, stealing from her husband's charity to the tune of two million.

Bonus: Let blame a brain tumor for nine years of gambling addiction
 
2013-02-15 09:03:49 AM
DON'T do a GIS for her - just shows what age, stress and free fastfood will do to you.
NO!  I SAID DON'T DO IT!

Just one more public service of the marcintosh group
 
2013-02-15 09:05:10 AM
Holy shiat I didn't realize I had purchased THAT many ultimate cheeseburgers.
 
2013-02-15 09:05:36 AM

Fissile: This is why we need a 95% tax rate on the wealthy.


Hard to tax money that was not on the books. She embezzled from a charity.
But don't let facts of the story get in the way of your class warfare shiat.
 
2013-02-15 09:06:24 AM
3.bp.blogspot.com
 
2013-02-15 09:07:33 AM

DubtodaIll: Is she hot? Should I care about this?




i.imgur.com
 
2013-02-15 09:08:52 AM

Abe Vigoda's Ghost: Fissile: This is why we need a 95% tax rate on the wealthy.

Hard to tax money that was not on the books. She embezzled from a charity.
But don't let facts of the story get in the way of your class warfare shiat.


They're still not giving it to you.
 
2013-02-15 09:14:00 AM

Abe Vigoda's Ghost: Fissile: This is why we need a 95% tax rate on the wealthy.

Hard to tax money that was not on the books. She embezzled from a charity.
But don't let facts of the story get in the way of your class warfare shiat.


According to TFA she only embezzled $2 million from the charity. The rest was her former husband's fortune that she inherited. But don't let facts get in the way of your total bullshiat.
 
2013-02-15 09:14:08 AM

99.998er: [3.bp.blogspot.com image 300x354]


Nailed it!

+1
 
2013-02-15 09:18:46 AM

TwistedFark: Abe Vigoda's Ghost: Fissile: This is why we need a 95% tax rate on the wealthy.

Hard to tax money that was not on the books. She embezzled from a charity.
But don't let facts of the story get in the way of your class warfare shiat.

They're still not giving it to you.


And I don't want it. I make my own way through life. Sometimes it's been shiatty, other times pretty good. I don't worry about other people being better off then me because they had the luck of being born into wealth, or amassed it on their own. I'm certainly not foolish enough to believe that handing extra money to the government is going to improve my life in any way. It will however improve the lives of the politicians.
 
2013-02-15 09:20:29 AM

abhorrent1: Freakjob_0: I'm sitting her having a stroke trying to figure out how you lose 1 Billion dollars...1 BILLION!!!

The article is a little confusing. It says she won a billion, then lost that and ultimately ended up 13 million in the hole.


The one linked ITT is a lot more clear: They estimate she wagered a total of about a billion dollars over the course of nine years of compulsive gambling.

What I want to know is how the VLT operator didn't notice.
 
2013-02-15 09:20:31 AM

dsmith42: Abe Vigoda's Ghost: Fissile: This is why we need a 95% tax rate on the wealthy.

Hard to tax money that was not on the books. She embezzled from a charity.
But don't let facts of the story get in the way of your class warfare shiat.

According to TFA she only embezzled $2 million from the charity. The rest was her former husband's fortune that she inherited. But don't let facts get in the way of your total bullshiat.


"only 2 million."

yeah, you think that might be worth recovering somehow.

Or at least making an example out of. Much easier to prosecute a gambling-addicted widow than a wall street investment banker.
 
2013-02-15 09:20:50 AM
Former Mayor of San Diego.  No political party mentioned.  Must have been Independent.
 
2013-02-15 09:21:30 AM

Sybarite: primarily on video poker machines

Damn, that seems like a lot of video poker. What's the highest stake on one of those things?


Came here to say that. "Damn" is right.
 
2013-02-15 09:22:10 AM
At one point, O'Connor was ahead by more than $1 billion, Iredale said, but she suffered even greater losses. The attorney added that her net loss was in the end was $13 million.

That's not losing money. She only gambled away $13M.
 
2013-02-15 09:24:11 AM

Generation_D: This alleged slide show is 8 stock photos of the outsides of jack in the box restaurants.

Click if you like looking at jack in the box photos. Its a hobby of mine, has been since the 1970s.


Thanks for the laugh this morning.
 
2013-02-15 09:24:38 AM

Fissile: This is why we need a 95% tax rate on the wealthy.


Her gambling addiction provided more economic value than a 95% tax rate on income she didn't earn because she inherited it.
 
2013-02-15 09:26:37 AM
Clearly, gambling of all forms, should require a psychological evaluation and gambling losses tracked to the penny so we can keep the irresponsible from harming themselves and others.
 
2013-02-15 09:28:30 AM
Couldn't we just agree that it'd be best for everybody if this kind of thing never happened again?

I mean posting links from Examiner, of course.
/and buzzfeed
 
2013-02-15 09:29:22 AM
There seems to be cop math involved in this story somehow.

Also, Jack-in-the-Box is only single place I know of that is guaranteed to give my guts a thorough scrubbing, no matter what I order.
 
2013-02-15 09:30:29 AM
So I think it's safe to say that In & Out Burger Heiress > Jack in the Box Heiress.
 
2013-02-15 09:31:27 AM
cache.gawker.com

Approves!
 
2013-02-15 09:35:21 AM
Is this why JITB doesn't have the Kona coffee anymore?
Dammitsomuch.
/bitter and sleepy
 
2013-02-15 09:35:41 AM

reillan: Couldn't we just agree that it'd be best for everybody if this kind of thing never happened again?

I mean posting links from Examiner, of course.
/and buzzfeed


I think that could bring us altogether.
Raises a glass to this proposal.
 
2013-02-15 09:36:45 AM

pag1107: So I think it's safe to say that In & Out Burger Heiress > Jack in the Box Heiress.


blu.stb.s-msn.com
Can't say I disagree with you on that one.......
 
2013-02-15 09:38:30 AM

offacue: [tribkswb.files.wordpress.com image 692x384]
 Boo farking hoo you stupid coont.


Her face looks like it caught on fire and somebody put out the flames with a spatula
 
2013-02-15 09:39:08 AM

Freakjob_0: gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.

I'm sitting her having a stroke trying to figure out how you lose 1 Billion dollars...1 BILLION!!!

/DNRTFA
//thanks for reading for me


She WON $1000 million.

But in the meantime she lost $1013 million. That is actually fairly good gambling, normally the odds are stacked more in favor of the casino than that.
 
2013-02-15 09:47:30 AM
Liberals are funny
 
2013-02-15 09:47:33 AM

xria: But in the meantime she lost $1013 million. That is actually fairly good gambling, normally the odds are stacked more in favor of the casino than that.


Video poker theoretical hold % is typically less than 1%. Some variants actually have a negative hold percentage.

http://en.wikipedia.org/wiki/Video_poker

They rely on people playing by their gut instead of the odds in order to get their money.
 
2013-02-15 10:01:00 AM

MrBallou: After losing the first couple hundred million, wouldn't the thrill kind of go flat? I'd at least want the illusion that I might win.


Better question what are you planning to win?
 
2013-02-15 10:04:40 AM
Came for a referrence with pics, ANY referrence to Lebowski...left disappointed
 
2013-02-15 10:23:03 AM

spentshells: MrBallou: After losing the first couple hundred million, wouldn't the thrill kind of go flat? I'd at least want the illusion that I might win.

Better question what are you planning to win?


In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women.
 
2013-02-15 10:25:22 AM

Sybarite: primarily on video poker machines

Damn, that seems like a lot of video poker. What's the highest stake on one of those things?


If you are doing enough action to add up to a billion (or even lose $13M), someone will cut the code* for a custom machine.

/* not as easy as it sounds.  Lots of checks and rechecks in those machines.  On the other hand, I bet there is enough demand for a "high-roller room" for comped video poker players somewhere.
// had a vague professional connection to the "gaming industry".  No wish to have any further contact.
 
2013-02-15 10:28:20 AM

Warrener: xria: But in the meantime she lost $1013 million. That is actually fairly good gambling, normally the odds are stacked more in favor of the casino than that.

Video poker theoretical hold % is typically less than 1%. Some variants actually have a negative hold percentage.

http://en.wikipedia.org/wiki/Video_poker

They rely on people playing by their gut instead of the odds in order to get their money.


Serious question, what stops someone at a VLT in a bar from using an electronic device to cheat in a way that would be forbidden at a casino?
 
2013-02-15 10:56:03 AM

karnal: Two Tacos 99 Cents!  What-a-deal!


One of my worst guilty pleasures. Love them fried tacos. Every time I visit family in Texas, I make a beeline for the closest Jack in the Box.
 
2013-02-15 10:58:52 AM

yet_another_wumpus: If you are doing enough action to add up to a billion (or even lose $13M), someone will cut the code* for a custom machine.

/* not as easy as it sounds.  Lots of checks and rechecks in those machines.  On the other hand, I bet there is enough demand for a "high-roller room" for comped video poker players somewhere.


Adding a higher denom to a slot or a poker machine is a pretty simple update. (at least until you get the prizes large enough to cross he $42 Million barrier... which comes up in Latin American markets.) And yes, there is enough demand for high wager games that pretty much everyone offers options in the $50 to $500 per play range.

Flakeloaf: Serious question, what stops someone at a VLT in a bar from using an electronic device to cheat in a way that would be forbidden at a casino?


Not sure what you're talking about.

Video poker does a shuffle between every hand, so there's no advantage to gain from card counting. If you're talking about just seeing the odds for any given play I don't think anyone would stop you, casino, truck stop or Indian trailer.

I suppose if the RNG weren't properly obfuscated you could eventually find out where you were in the sequence and start predicting, but that would take long enough that I doubt you could pull it off.
 
2013-02-15 11:02:42 AM
The math in this article makes no sense.

If I were the owner of the casino that made a shiatton of money off this old lady, I would repay the $2 mill to the charity, #1 it's the right thing to do #2 it would be great publicity #3 it would be a good CYA for the possibility of a lawsuit for allowing someone with an obvious disability to lose beyond a reasonable amount.
 
2013-02-15 11:16:25 AM

gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.


This. That's actually a pretty good run over ten years. If she were playing other games, she'd have lost it by now. I'm sure the casino people are pissed they didn't get more of her money.
 
2013-02-15 11:22:16 AM

Kimothy: gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.

This. That's actually a pretty good run over ten years. If she were playing other games, she'd have lost it by now. I'm sure the casino people are pissed they didn't get more of her money.


I bet they're ecstatic she didn't stop after being up 1 billion. I mean c'mon.. you win 1 BILLION dollars.. I think at that point I would've stopped and bought me my own private island stock full of hot women.
 
2013-02-15 11:27:47 AM

Warrener: yet_another_wumpus: If you are doing enough action to add up to a billion (or even lose $13M), someone will cut the code* for a custom machine.

/* not as easy as it sounds.  Lots of checks and rechecks in those machines.  On the other hand, I bet there is enough demand for a "high-roller room" for comped video poker players somewhere.

Adding a higher denom to a slot or a poker machine is a pretty simple update. (at least until you get the prizes large enough to cross he $42 Million barrier... which comes up in Latin American markets.) And yes, there is enough demand for high wager games that pretty much everyone offers options in the $50 to $500 per play range.

Flakeloaf: Serious question, what stops someone at a VLT in a bar from using an electronic device to cheat in a way that would be forbidden at a casino?

Not sure what you're talking about.

Video poker does a shuffle between every hand, so there's no advantage to gain from card counting. If you're talking about just seeing the odds for any given play I don't think anyone would stop you, casino, truck stop or Indian trailer.

I suppose if the RNG weren't properly obfuscated you could eventually find out where you were in the sequence and start predicting, but that would take long enough that I doubt you could pull it off.


I was thinking more HO/PO calculators, though from the sounds of things this woman didn't need one.
 
2013-02-15 11:31:07 AM

teylix: Kimothy: gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.

This. That's actually a pretty good run over ten years. If she were playing other games, she'd have lost it by now. I'm sure the casino people are pissed they didn't get more of her money.

I bet they're ecstatic she didn't stop after being up 1 billion. I mean c'mon.. you win 1 BILLION dollars.. I think at that point I would've stopped and bought me my own private island stock full of hot women.


I doubt she was ever actually UP a billion dollars. It looks like she broke even most of the time.

If you bet 10,000 in a night, go up to 20,000 and lose it all, the casino counts it as betting 20,000. Just like if you bet 10,000 in a night, double up to 20,000 and cash out, they count it as winning 10,000. There are myriad ways she could have played 1 billion and never actually been up a billion dollars.
 
2013-02-15 11:56:17 AM

Kimothy: teylix: Kimothy: gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.

This. That's actually a pretty good run over ten years. If she were playing other games, she'd have lost it by now. I'm sure the casino people are pissed they didn't get more of her money.

I bet they're ecstatic she didn't stop after being up 1 billion. I mean c'mon.. you win 1 BILLION dollars.. I think at that point I would've stopped and bought me my own private island stock full of hot women.

I doubt she was ever actually UP a billion dollars. It looks like she broke even most of the time.

If you bet 10,000 in a night, go up to 20,000 and lose it all, the casino counts it as betting 20,000. Just like if you bet 10,000 in a night, double up to 20,000 and cash out, they count it as winning 10,000. There are myriad ways she could have played 1 billion and never actually been up a billion dollars.


At one point, O'Connor was ahead by more than $1 billion, Iredale said, but she suffered even greater losses. The attorney added that her net loss was in the end was $13 million.

Maybe I'm misunderstanding the "was ahead" part.
 
2013-02-15 12:08:46 PM

Warrener: yet_another_wumpus: If you are doing enough action to add up to a billion (or even lose $13M), someone will cut the code* for a custom machine.

/* not as easy as it sounds.  Lots of checks and rechecks in those machines.  On the other hand, I bet there is enough demand for a "high-roller room" for comped video poker players somewhere.

Adding a higher denom to a slot or a poker machine is a pretty simple update. (at least until you get the prizes large enough to cross he $42 Million barrier... which comes up in Latin American markets.) And yes, there is enough demand for high wager games that pretty much everyone offers options in the $50 to $500 per play range.

Flakeloaf: Serious question, what stops someone at a VLT in a bar from using an electronic device to cheat in a way that would be forbidden at a casino?

Not sure what you're talking about.

Video poker does a shuffle between every hand, so there's no advantage to gain from card counting. If you're talking about just seeing the odds for any given play I don't think anyone would stop you, casino, truck stop or Indian trailer.

I suppose if the RNG weren't properly obfuscated you could eventually find out where you were in the sequence and start predicting, but that would take long enough that I doubt you could pull it off.


The only way you could pull it off is if you know how the RNG was obfuscated in the first place (presumably some sort of public key encryption so everyone who checked the source doesn't know it as well).  This is why even a simple update isn't simple (people were using one-armed bandit software regulation as a contrast to "just dump in the code" practices in voting machines).  Oddly enough, windows raised more than a few eyebrows by implementing some sort of NSA-recommended elliptical curve-based random number generator.  Elliptical curves are most often associated with public key systems in cryptography, although I doubt you could get away with including your own "similar" system in a video poker machine.

/had a less than mentally stable cow-orker who was into gambling.  Didn't feel like taking the time to explain "no, you will never, ever, find the pattern to a semi-serious RNG, let alone a real crypto-grade one."
 
2013-02-15 12:13:47 PM

teylix: Kimothy: teylix: Kimothy: gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.

This. That's actually a pretty good run over ten years. If she were playing other games, she'd have lost it by now. I'm sure the casino people are pissed they didn't get more of her money.

I bet they're ecstatic she didn't stop after being up 1 billion. I mean c'mon.. you win 1 BILLION dollars.. I think at that point I would've stopped and bought me my own private island stock full of hot women.

I doubt she was ever actually UP a billion dollars. It looks like she broke even most of the time.

If you bet 10,000 in a night, go up to 20,000 and lose it all, the casino counts it as betting 20,000. Just like if you bet 10,000 in a night, double up to 20,000 and cash out, they count it as winning 10,000. There are myriad ways she could have played 1 billion and never actually been up a billion dollars.

At one point, O'Connor was ahead by more than $1 billion, Iredale said, but she suffered even greater losses. The attorney added that her net loss was in the end was $13 million.

Maybe I'm misunderstanding the "was ahead" part.



See my earlier post. Most likely the reporter misunderstood "gains" and mis-paraphrased the attorney.

/does even "ere-lee-ere post" get filtered? I forget
 
2013-02-15 12:50:26 PM
I still think the guy that owned oriental trading co is a bigger farkup. It made it here on fark, he sold the company and pissed it away gambling and tried to sue the casinos.
 
2013-02-15 01:10:09 PM

teylix: Kimothy: teylix: Kimothy: gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.

This. That's actually a pretty good run over ten years. If she were playing other games, she'd have lost it by now. I'm sure the casino people are pissed they didn't get more of her money.

I bet they're ecstatic she didn't stop after being up 1 billion. I mean c'mon.. you win 1 BILLION dollars.. I think at that point I would've stopped and bought me my own private island stock full of hot women.

I doubt she was ever actually UP a billion dollars. It looks like she broke even most of the time.

If you bet 10,000 in a night, go up to 20,000 and lose it all, the casino counts it as betting 20,000. Just like if you bet 10,000 in a night, double up to 20,000 and cash out, they count it as winning 10,000. There are myriad ways she could have played 1 billion and never actually been up a billion dollars.

At one point, O'Connor was ahead by more than $1 billion, Iredale said, but she suffered even greater losses. The attorney added that her net loss was in the end was $13 million.

Maybe I'm misunderstanding the "was ahead" part.


I'm pretty sure that what the reporter meant to hear (and honestly repeat) was that the sum of her wagers was about $1Bn, and that the net loss was around $13M. You don't go up that high and then back down again in a neat curve, especially on a one-player game with such a thin hold percentage. Sklansky I'm not but I'm pretty sure variance doesn't work that way.
 
2013-02-15 01:12:02 PM

offacue: pag1107: So I think it's safe to say that In & Out Burger Heiress > Jack in the Box Heiress.

[blu.stb.s-msn.com image 628x316]
Can't say I disagree with you on that one.......


I'd like to give her the ol' In & Out, if you know what I mean...

In, and out...and in, and out, and in, and out, and in, and...whoops.
And out.
 
2013-02-15 01:49:56 PM

bhcompy: Fissile: This is why we need a 95% tax rate on the wealthy.

Her gambling addiction provided more economic value than a 95% tax rate on income she didn't earn because she inherited it.


==================

America needs a 95% inheritance tax on every dollar over a million.

Spending that money on infrastructure repair would have produced a much greater multiplier than pissing it away in a casino.   The US ranks 26th in internet service, below such counties as France........hell,  the Czechs have better phone and net service than we do.    Yeah, I know, boot-strappy, tax cuts, free market, millionaire job creators, Ayn Rand, blah, blah, blah.....

Man, I'm praying for a comet strike.  Please, please, please, please.......
 
2013-02-15 02:12:12 PM

MrBallou: After losing the first couple hundred million, wouldn't the thrill kind of go flat? I'd at least want the illusion that I might win.


The article makes the claim that she was 1billion USD up at one point.

It doesn't sound like it can be true, but if so, wtf..

---

I've seen people gamble who're obviously addicts. They have 3 machines going at once (that's the number of machines available where I spot them, so they probably use more when available), and have them all set to autoplay.

So the machines autoplay really fast, winning and loosing, every so often (like every 5 minutes or so), something happends that requires interaction from the gambler, and he/she looks annoyed and gets up to press the requited buttons to make it start back on autoplay.
 
2013-02-15 02:12:57 PM

Fissile: bhcompy: Fissile: This is why we need a 95% tax rate on the wealthy.

Her gambling addiction provided more economic value than a 95% tax rate on income she didn't earn because she inherited it.

==================

America needs a 95% inheritance tax on every dollar over a million.

Spending that money on infrastructure repair would have produced a much greater multiplier than pissing it away in a casino.   The US ranks 26th in internet service, below such counties as France........hell,  the Czechs have better phone and net service than we do.    Yeah, I know, boot-strappy, tax cuts, free market, millionaire job creators, Ayn Rand, blah, blah, blah.....

Man, I'm praying for a comet strike.  Please, please, please, please.......


More like these casinos hire thousands of people each that don't have real educations to do jobs that otherwise wouldn't exist because of people like this woman.

As far as internet service, we built on copper across a nation that has very low population density.  Now we reap it.  I'm perfectly happy with my fiber internet that I have because I live in a densely populated area where tearing out the copper and replacing it with fiber is in any way cost effective.  The Czechs have better phone and net service because they're more recently developed and they have 4 times greater population density per square mile.  And the US is in the lowest 25% of countries in density.  Bad for expensive infrastructure projects.
 
2013-02-15 02:13:15 PM

gsiofa: FTA: "The attorney added that her net loss was in the end was $13 million."

Still a lot of money, but it ain't no $1 billion.


The article says she won 1billion, which she then lost.
 
2013-02-15 02:23:41 PM

Lt. Cheese Weasel: offacue: [tribkswb.files.wordpress.com image 692x384]
 Boo farking hoo you stupid coont.

Her face looks like it caught on fire and somebody put out the flames with a spatula


I was thinking it was beat out with a wooden spoon.  Let's just agree to disagree.
 
2013-02-15 04:13:43 PM
I have always dreamed of building a successful empire my children could piss away.
 
2013-02-15 04:16:05 PM

socoloco: I have always dreamed of building a successful empire my children could piss away.


Actually it would have been better had my father built an empire I could piss away.
 
2013-02-15 04:20:27 PM

ranak: Great, now I want an Ultimate Bacon Cheeseburger.

Closest damn one is in South Carolina.  /sadface


I to am depressed...

you need to try the Ultimate with sourdough bread subbed in...
 
2013-02-15 05:26:01 PM

MrBallou: After losing the first couple hundred million, wouldn't the thrill kind of go flat? I'd at least want the illusion that I might win.


Sad thing is the fact that it doesn't.

My step-sister was married to a guy who owned a business inherited from his father that he grew from about 20mil to 100 million.  He was a gambling addict and would blow millions on a trip to vegas.  They had 3 kids together, eventually divorced, and his gambling debts finally caught up to him.  He had to sell his company to pay his debts, child support, alimony etc.  I doubt he is destitute now, but the point is the fact that he literally gambled away 10's of millions of dollars.
 
2013-02-15 05:45:12 PM
Too many missing pieces here to be outraged. Is it $1B that she lost or played? If it is played through the machine, it is plausible with them stating that she was $13M down. I am just going straight Video Poker here but on a high-limit video poker game, it is not unusual to have 98.5% payback. Should she play $1B through the machine she could expect to have $15M loss. ($1B * 1.5% casino hold). That is provided she plays perfect strategy. Since her end loss was $13M, I suspect she would have had a Royal Flush in there or was perhaps on lower hold machines. The entire state of Nevada only took in $6.78B for the entire year of 2012 on Slot Machines (which they report Video Poker under), so I have a hard time believing that this woman lost $1B in just 8 years.

My guess is that she played over $1B through the machine, not actually lost $1B. Probably just standard media sensationalism.

/Works as a gaming analyst for a Las Vegas casino
//Knows how hold rates and video poker odds work
///Has had a number of discussions with people who say there is no way they could have played $100K in a year on Social Security until I sit them down and show them the math of it all.
///shashies
 
2013-02-15 06:03:27 PM
She should go into prostitution and make some of the money back!

<Sees her picture> Ugh, scratch that idea.
 
2013-02-15 06:13:58 PM

bhcompy: Fissile: bhcompy: Fissile: This is why we need a 95% tax rate on the wealthy.

Her gambling addiction provided more economic value than a 95% tax rate on income she didn't earn because she inherited it.

==================

America needs a 95% inheritance tax on every dollar over a million.

Spending that money on infrastructure repair would have produced a much greater multiplier than pissing it away in a casino.   The US ranks 26th in internet service, below such counties as France........hell,  the Czechs have better phone and net service than we do.    Yeah, I know, boot-strappy, tax cuts, free market, millionaire job creators, Ayn Rand, blah, blah, blah.....

Man, I'm praying for a comet strike.  Please, please, please, please.......

More like these casinos hire thousands of people each that don't have real educations to do jobs that otherwise wouldn't exist because of people like this woman.

As far as internet service, we built on copper across a nation that has very low population density.  Now we reap it.  I'm perfectly happy with my fiber internet that I have because I live in a densely populated area where tearing out the copper and replacing it with fiber is in any way cost effective.  The Czechs have better phone and net service because they're more recently developed and they have 4 times greater population density per square mile.  And the US is in the lowest 25% of countries in density.  Bad for expensive infrastructure projects.


==========

How do you know the people working for casinos don't have "real educations"?   I'm sure the construction and factory workers of two generations ago, who made a living wage(unlike casino workers), all had Ph.Ds.   Oh, right, unions....unions bad.

As for your bullshiat theory of how other countries have better phone/net service than we do because they have high population densities and only recently discovered wires is well, bullshiat.  Iceland is near #1 in phone/net service, and they have one of the lowest population densities in world.
 
2013-02-15 08:48:44 PM

doglover: At one point, O'Connor was ahead by more than $1 billion, Iredale said, but she suffered even greater losses. The attorney added that her net loss was in the end was $13 million.

That's not losing money. She only gambled away $13M.


But she drank and ate that much in comps, so basically she just broke   even.
 
2013-02-16 04:14:38 AM
whenever you make a bet it adds to your total bet volume. If you make 100 $10 bets and you alternate winning hands and losing hands you will break even but you will have wagered a total of $1000. This is media sensationalism at its finest.

I have made over $50 million in bets in my but my lifetime net result has very little to do with that figure.

When they say she won a billion and lost a billion its probably because one day she won 300k and next day she lost 300k. repeat over and over and you get those statements to be true but extremely misleading.
 
2013-02-16 03:07:04 PM

Fissile: How do you know the people working for casinos don't have "real educations"? I'm sure the construction and factory workers of two generations ago, who made a living wage(unlike casino workers), all had Ph.Ds. Oh, right, unions....unions bad.

As for your bullshiat theory of how other countries have better phone/net service than we do because they have high population densities and only recently discovered wires is well, bullshiat. Iceland is near #1 in phone/net service, and they have one of the lowest population densities in world.


What the hell are you going on about?  As far as living wages, have you seen the cost of living in Vegas?  They make a living wage, but since you've never lived there and apparently have no understanding of the industry you wouldn't even know that. You just pull partisan shiat out of your ass because you're a tool.

And regarding density, let's ask one of CNN's tech writers:
Population density
South Korea, with more than 1,200 people per square mile, is a lot denser than the United States, where 88 people live in the same amount of space, and where rural areas and suburbs are large.
The result for broadband? It costs less to set up Internet infrastructure in a tightly populated place filled with high-rise-apartments, such as South Korea, than it does in the United States, where rural homes can be great distances apart.
 
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