To the unaware, a Golden Arm in the casino world means a craps player who has rolled dice for over an hour without losing. Our hero for today, a grandmother from New Jersey named Patricia Demauro fits this description of this casino gambling term and more!
Patricia Demauro – The Record-Breaker In 2009 Patricia Demarauro took over the title from Fugitake after she broke his record. She rolled the dice on the craps table for 4 hours and 18 minutes and delivered over 154 rolls. There is a lot of mystery around this winning streak as she refuses to admit how much she won. Patricia DeMauro, a New Jersey Grandma, had the greatest craps roll ever in 2009 at the Borgata. She tossed the dice 154 times over 4 hours and 18 minutes wi.
What is Craps?
Craps may sound something different but casino enthusiasts andcasual gamblers know this a celebrated dice game where players bet on theoutcome of the roll, or a series of rolls, of a pair of dice. Players bet chipsagainst each other called street craps, or against a bank called casino craps,table craps, or just craps. Due to its simplicity, particularly with having twodice as its only equipment plus a regular table, street craps may be played inany informal setting outside casinos.
Holy Craps!
Is it possible to roll a dice for a continuous 154 timeswithout throwing a seven? The rules of probability states that the odds equate1 in 1.56 trillion, or in layman’s term close to zero. However, Patricia Demaurodid just that.
In 23 May 2009, Demauro defies the odds and the casino godsby playing at Atlantic City’s Borgata Hotel Casino and Spa. An impressive fourhour and 18-minute streak with 154 rolls without throwing a seven. Thisincredible feat, according to Stanford University statistics professor ThomasCover, happens at a chance smaller than getting struck by lightning, or beinghit by a foul ball at a baseball game, or even winning the lottery. Holy crapsindeed.
Her win breaks the previous record by one hour and 12minutes set 20 years prior by a certain Stanley Fujitake playing at Las Vegas.The winning total remains a secret but rightfully and deservingly so.
Casino Gambling Game
The Borgata Hotel Casino and Spa declares that for $100,Demauro started her roll at 8:13pm. She’s seen rubbing her hands at the startwith the dice before she lets them loose. Her incredible achievement becomeseven more impressive as she had played craps once before.
A craps turn starts at an initial “come out” roll, whereplayers try to establish a point number. This point number is established whenthe dice adds up to four, five, six, eight, nine, or ten. When achieved, theplayer must roll as many rolls without throwing a seven.
Demauro’s point number, an eight, got people around her betting.She professes that after the initial betting started she couldn’t keep up aseverything happened so fast.
Although the amount of winnings stays hidden, casino expertsestimate that she must have raked at least a couple of hundreds of thousands,some even put it as high as millions.
Demauro completed her weekend stay at Atlantic City and evenwent back to the same craps table after two nights. This time she spent thenight only as a spectator as according to her, the expectations of her winningagain is just too high and she isn’t ready for that. She swears she’ll comeback and play again someday.
Stanley Fujitake
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The Grandma with the longest lucky streak
What are the chances of rolling a pair of dice 154 times continuously at a craps table without throwing a seven? The answer is roughly 1 in 1.56 trillion, and on May 23 Patricia Demauro, a New Jersey grandmother, beat those odds at Atlantic City's Borgata Hotel Casino and Spa. Demauro's 154-roll lucky streak, which lasted four hours and 18 minutes, broke the world records for the longest craps roll and the most successive dice rolls without 'sevening out.'
Demauro declined to reveal how much money she won, but gambling experts estimate that if she made good bets, her winnings were probably in the hundreds of thousands; expert bets would have put them in the millions. Demauro spent the rest of their holiday weekend in Atlantic City, and even returned to the same craps table two nights later — but only as spectators. 'The expectations were too high,' she says. 'I wasn't ready to be the shooter again.' Bet everything in just one spin
In 2004, as part of the reality mini-series 'Double or Nothing,' British professional gambler Ashley Revell sold all his possessions, including his clothes, and gambled $135,300 on a SINGLE spin of a roulette wheel in the Plaza Hotel & Casino in Las Vegas, Nevada.Revell placed his bet on red; the ball ended up on 7 red, and Revell had doubled his money to $270,600. Everybody waited for new bets from him, but he gave $600 to a dealer as a tip, said, 'thank you!' and left the casino.
Revell used his winnings to set up his own online poker company called Poker UTD. According to TV producer Simon Cowell, he's the inspiration behind his new game show called 'Red or Black?'
Betting the company
While FedEx might now look like a highly successful company, its founder once saved the company by taking its last $5,000 and turning it into $32,000 by gambling in Las Vegas.
In 1971, Frederick W. Smith, founder and current CEO of the company, took his personal fortune of around $4 million and raised an additional $90 million to found a delivery company structured so that it could potentially deliver packages overnight to anywhere in the world. This is something that, at that time, had never been done.
Unfortunately, three years after the company began, thanks largely to rapidly rising fuel costs, Federal Express was on the verge of bankruptcy. They were losing over $1 million a month, with no one willing to give them any additional loans or any investors interested in contributing capital.
At its low point, all the company had was $5000 to its name, leaving FedEx more or less dead on the ground when they were not be able to fuel their planes the following Monday. Not to be dissuaded, instead of taking a flight home to Memphis, Smith took the $5000 and flew to Las Vegas and played Black Jack that weekend with the remaining company funds. By Monday, to the shock of other higher-ups in the company, FedEx had $32,000 in its bank account, which was just enough to cover the fuel for their planes and to continue operating a few days more. When asked what he'd been thinking by taking a chance like that with company funds, he stated, “What difference does it make? Without the funds for the fuel companies, we couldn't have flown anyway.”
Patricia Demauro Winnings Tax
It turns out that a few days more was all he needed. Shortly thereafter, Smith successfully managed to raise $11 million to keep the company afloat and, by 1976, Federal Express made its first profit of $3.6 million. Four years after that, the company's profits were up to nearly $40 million with a gross revenue of nearly half a billion dollars. Today, FedEx is estimated to be worth $25-$35 billion, with Smith himself currently worth around $2 billion.The newbie who won $2.4 million
In 2008, Jessica Agbunag, a baby sitter who graduated from high school six years ago, was in Las Vegas with her boyfriend and family in remembrance of her grandmother's birthday. Her grandmother was a frequent visitor to Las Vegas who loved slot machines.At first, the Wheel of Fortune machines were good to Agbunag. Twice, she won much smaller amounts earlier that week at the same casino. But one day, she inserted $16 into a Mega-Jackpot machine from the California Hotel and Casino and it hit the big prize; she won $2.4 million on her very first trip to Las Vegas.
115 straight hours of Poker
In what can only be described as an amazing display of endurance and charity, Phil Laak's Guinness World Record attempt for continuous Poker play finally came to an end 115 hours after it began. Playing for the record and for the charitable organization Camp Sunshine, Laak originally intended to stay at the Bellagio poker room table for 80 hours. Almost a day and a half after hitting the 80-hour mark, the 'Unabomber,' with his girlfriend Jennifer Tilly at his side, decided to cash in his chips.Amazingly, Laak pulled off the poker marathon with absolutely no stimulants of any kind. He consumed no coffee, no caffeine, or anything illegal. He credits his fitness for this challenge to his nutritionist, who kept the 'Unabomber' fed, healthy and alert throughout the challenge.