Saturday, July 2, 2011

Kerry Packer - The King of Whales

Kerry Packer
The Undisputed King of Whales

Billionaire businessman
The late Kerry Francis Bullmore Packer was the richest man in Australia.  A media tycoon with a taste for high-stakes gambling.  In 2004, just a year before his dead, Kerry Packer's net worth was estimated to be $6.5 billion.

Ultimate high roller / Giant whale
A lifelong cold-blooded gambler, Kerry Packer was a frequent Las Vegas's visitor.  Usually started his gambling sessions slowly, gambling $500 to $1000 per hand.  Then, if winning, he up his to as much as $300 000 a hand in Baccarat, always betting on the banker to maximize his odds.  The rich man was also fond of Blackjack, which he played with optimal strategy.

When he scored big, he wisely leaved a head.  Take the money and go, some called him "Hit and Run Packer".

Casino crusher
The saint patron of all whales, Kerry Packer could single-handedly make or break a casino.  One New Years Eve in 1992, he sanked the Las Vegas Hilton, winning over $9 000 000 gambling $150 000 per Baccarat hand.  He single-handedly bankrupted of the Aspinalls casino, which closed its doors in May 1990. 

On another occasion, he apparently cashed in 20 Baccarat hands in a row betting $250 000 each time. 

And in one short session at the MGM Grand, only played betwen 7 to 20 hands, he crushed the casino for $33 000 000.

Fearless gambler and risk-taker
In an epic story, Kerry Packer encountered a rich Texan who bragged about his $60 million worth.  The annoyed Kerry Packer offered him to gamble his entire $60 million fortune on a coin toss.  The Texas millionaire backed down and was never heard of again.

Kerry Packer gambling rules
- As Kerry Packer once said: "I only gambled what I could afford to lose".  Do the same.
- "Hit and Run".  Quit while you're a head.
- Only play games that offers you the best odds of winning.  Kerry Packer was playing Baccarat, always betting on the banker, and Blackjack using perfect strategy. 

The best place to play Baccarat and Blackjack with maximum odd is Betfair.

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