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The most famous casino cheaters

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casino cheats

Ever since there have been casinos, there have been casino cheats. These are people who want to win so badly that they are prepared to do anything – including breaking the law – to make it happen. Some people have even become so notorious for what they have done that they are famous (or rather, infamous) for their cheating. We look at some of the most high profile now – play here.

Tommy Glenn Carmichael

Tommy Glenn Carmichael added his name to the roll call of cheaters due to slot machines. He has even been imprisoned for what he did. It all began in 1980 – Carmichael used a metal device that he would put into the slot machine, making it think that a coin had been inserted. It would trigger the game without Carmichael having to pay anything at all. 

Eventually, as slots became more updated, the device no longer worked. So Carmichael started to use smaller casinos in Las Vegas; they still had the older machines as it cost a lot to update them. However, it was at this time he was caught, and sent to prison for five years. When he was released in 1987, Carmichael clearly had not learnt his lesson, and he started cheating again. To do so, he had to buy a slot machine and really learn how it all worked. Knowing this, he created a ‘slider’ which worked in a similar way to his previous device. He even sold it to other cheaters! However, he was caught again in 1996, 1998, and 1999 and was jailed. He is now banned from any casino, although he does make a living working with casinos to prevent other cheats! 

Richard Marcus

Richard Marcus is often called one of the greatest cheaters of all time when it comes to casinos. He made a huge amount of money and was never caught, so his title may well be deserved. So how do we know what he did if he was never caught? He wrote a book about it! He waited until he had made as much money as he would ever want through cheating, and then stopped, so he decided to write a book about his exploits. 

Marcus has a name for his cheating method; he called it the ‘Savannah’. It was a simple method, but it took plenty of guts and not a small amount of skill. 

Marcus would, quite simply, use sleight of hand to remove chips from a losing bet. This was much less obvious than the method of adding chips to a winning bet. 

Ron Harris & Reid McNeal

In 1995, the jackpot of $100,000 was won by Reid McNeal. He was playing keno at Bally’s Park Place Casino Resort in Atlantic City. This might not be anything to be suspicious about, except for the fact that McNeal didn’t show any emotion when he won. All he did was ask to be pain in cash. 

All jackpot wins need to be verified by state gaming officials in New Jersey, so an investigation was set up. The investigation led to a man named Ron Harris who was a computer programmer. It turned out that Harris was modifying software to pay out huge wins if a certain sequence of coins was used to play.

Image by Michelle Maria from Pixabay

Crypto

BNB Price Surges Past $300, Faces Crucial $339 Hurdle: What’s Next?

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BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.

Binance Coin Outlook

BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.

Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD)  on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.

The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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