🔥 8 Casino Scams That Actually Worked | Mental Floss

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The average person you'll find in a casino is playing honestly. Louis "The Coin" Colavecchio successfully made counterfeit coins and tokens to use at along stolen chips to other players, who would return to use them to buy more chips at a​.


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How can you run table games without chips, you ask? The casino I worked in got whacked with a counterfeit chips scam that cost us over.


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Can you cash in your chips even if they're stolen? even cashed chips from all of the casinos—but that stopped because of counterfeiting.


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As you can see, counterfeiting casino chips are a hard task since each chip is an exact color, design, and weight and they are normally marked.


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Casino tokens are small discs used in lieu of currency in casinos. Colored metal Several casinos sell custom-made sets of chips and one or two decks of cards The vast majority of authentic casino chips are "clay" chips but can be more The most notable instance of counterfeiting chips was broken up in , when.


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If you're thinking of robbing a Las Vegas casino, and you're not them hard to counterfeit, but embedded RFID tags allow casinos to track their.


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Erick Morikawa and Jeremy Lewis make casino-cheating history by being $1 casino chips minting them into any denomination they choose. Paul Wilson Cheating In A Casino - How To Beat The Casino - Duration:


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As you can see, counterfeiting casino chips are a hard task since each chip is an exact color, design, and weight and they are normally marked.


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can you counterfeit casino chips

If we start to adopt biometrically enhanced forms of ID and payment then concerns of identity theft could be lessened as well. Actually, they do much more than that. There are dangers involved with that, but also some great benefits. Turns out Big Brother is alive and well, playing craps in Las Vegas. And he remembered to bring his video surveillance equipment. Topics Experts Events Videos. The Bellagio and its competitors can track how much each table is making or losing, even verifying that dealers are handling each transaction correctly. Sign in. You can see the suspect fleeing the scene with his motor cycle helmet disguise and less foresight than Mr. Carleo was arrested as the Bellagio robber on January 28th of this year. Forgot your password? If you want to succeed in robbing a casino you have to avoid the chips and go for the cash. O ye of little paranoia, the future could see that possibility foiled as well. If a chip is stolen, its ID can be associated with the theft in casino databases, preventing it from being redeemed for cash. Singularity Hub. They can log how much you spend, where you spend it, and use that information to keep you in the game longer with well timed drinks and services catered to your activity.

As Anthony Carleo recently found out, even if you leave the casino in one piece, the chips you stole are going to be worthless long before you make your get away.

Highly specialized markings already make them hard to counterfeit, but embedded RFID tags allow casinos to track their every movement. This short clip from the Bellagio robbery garnered international attention upon its release last year. Danny Ocean can you counterfeit casino chips guy is not. Stealing worthless chips and then getting caught trying to sell them to undercover officers?

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Digital money can be scary, but it can also be a great way to insulate consumers from theft. Singularity University SingularityU Global. All Rights Reserved. Password recovery. RFID chips are a form of security, but they are also an amazingly precise way of measuring activity in the casino. The Las Vegas Police were sparing on the details of his capture, but according to the Las Vegas Sun , he was taken into custody after officers arranged a sting. Their real value, however, was zero. Singularity University is not a degree granting institution. Crime is paying less and less everyday. The same technology that makes Las Vegas resemble Fort Knox could spread to all forms of cash.