Kerry Packer – Blackjack Legend
Kerry Packer, Blackjack Legend
Being a big exception to the normal Blackjack legend, Kerry Packer has made a name for himself in the Blackjack world. Usually we see legends gain their status by hitting the tables hard and writing books. Kerry was known for many things beyond that. He grew a huge amount of wealth with a media empire, becoming the richest man in Australia being worth more than 6.5 Billion AUD. He was known mostly for his high stakes gaming when it came to Blackjack, Poker and Baccarat among some of his favorites.
The house will always hold a small edge over the players but even with that said Kerry Packer instilled fear in the casinos around him. He played with extreme variance and each time tried more than he did with the last hand to land a big profit. Kerry was known for making or breaking a casino’s profits in just one session of any game. Because his gaming style was hit or miss, many casinos allowed him to come in and bet whatever he would like at any given time because it was a gamble and they never knew whether he would be taking them to the cleaners or paying everyone in advance.
In one sitting, Packer was reported to have lost around $20 million at the Bellagio in Las Vegas, a well known casino with class and sophistication. The Billionaire was also out there playing at the Ritz Club too where he lost around $19 million in just one night. His losses hold nothing to the success stories that he had. One of his better nights forced the Aspinalls Club in London to shut down after walking away with a huge win from the Blackjack tables. The MGM Grand forked over a number somewhere between $24 and $33 million on games like Blackjack and Baccarat. From that incident, many casino employees were fired because they allowed such risky business to go on.
Unlike any other player we’ve seen, Kerry Packer made bets around the tune of $300,000 per hand and didn’t bat an eye when he lost several million dollars in just one sitting. Many have said that Kerry played blackjack to cure boredom which struck quite often as it seemed as though he was always playing, always offering interesting stories. Kerry played Blackjack for many many years until his death in 2005.