A 24-year-old self-taught gambler is accusing major casinos of unfair play after they refused to honour his winning bets, despite a potential payout of over $800,000.
Thomas McPeek, who lives in the suburbs with his parents, says he spent months analysing betting markets and carefully structuring parlay bets that led to massive wins at two casinos in the United States. His gambling journey took him from Indiana to Iowa, where he placed a series of intricate sports wagers using kiosks instead of approaching betting clerks, hoping to stay anonymous and avoid detection.
“I was holding what should have been $800,000 worth of winning tickets,” McPeek said in an interview at his family home, surrounded by sports memorabilia. He claims his wins were the result of extensive preparation, referencing stacks of notebooks filled with research and betting strategies.
In August, McPeek visited the Horseshoe Casino in Hammond, Indiana, reportedly turning $30,000 into $350,000. A month later, he wagered again at the Isle Casino in Bettendorf, Iowa, this time winning another $450,000. Both casinos are operated by Caesars Entertainment.
But when McPeek returned to collect his winnings, the casinos refused to pay. According to McPeek, Caesars voided his tickets and pointed to house rules regarding structured betting and anti-money laundering regulations.
A printed policy sheet handed to him during his visit to the Iowa casino in January cited concerns around repeat wagering patterns and attempts to evade scrutiny. “Of course it’s not fair,” McPeek said. “They waited until the bets won before deciding not to pay me.”
McPeek admits to betting in small increments across numerous tickets to avoid triggering alerts, even changing his appearance with sunglasses and disguises to reduce recognition. “I just want to fly under the radar,” he said.
He has since been banned from several casinos, including Horseshoe and Blue Chip in Michigan City. While Blue Chip also barred him after a significant win, they did pay out over $127,000 before doing so. Caesars, however, has not issued any payment.
McPeek’s complaints to state regulators in Indiana and Iowa have so far seen limited success. Indiana’s gaming commission backed Caesars’ decision to void the bets. Iowa’s regulatory body is still reviewing the case.
Experts are split on the issue. Mike Lawton, a retired Nevada gaming regulator, suggested there may be behind-the-scenes details justifying the casino’s stance. Another former industry professional, Scott Morrow, was more critical of McPeek’s approach, arguing that his tactics aimed to circumvent established rules.
However, professional betting author Eli Feustel took McPeek’s side. “If Caesars had voided the bets before the games were played, it would have been fair. Waiting to see if he won first is the problem,” Feustel said.
McPeek is now considering legal action to reclaim his earnings, potentially setting the stage for a court case that could shine a spotlight on how far casinos can go to deny payouts based on player behaviour.
As it stands, his fate may ultimately be decided by a judge.
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