The Paris Review

Dice Roll: The Phantom Gambler

Michael LaPointe’s new monthly column, Dice Roll, focuses on the art of the gamble, one famous gambler at a time. 

On September 24th, 1980, a man wearing cowboy boots and carrying two brown suitcases entered Binion’s Horseshoe Casino in Las Vegas. One suitcase held $777,000 in cash; the other was empty. After converting the money into chips, the man approached a craps table on the casino floor and put everything on the backline. This meant he was betting against the woman rolling the dice. If she lost, he’d double his money. If she won, he’d lose everything. Scarcely aware of the amount riding on her dice, the woman rolled three times: 6, 9, 7.

“Pay the backline,” said the dealer. And just like that, the man won over $1.5 million. He calmly filled the empty suitcase with his winnings, exited Binion’s into the desert afternoon, and drove off. It was the largest amount ever bet on a dice roll in America.

“Mystery Man Wins Fortune,” the reported. No one knew the identity of the fair-haired young Texan who’d just made history, and so he became known as the “Phantom Gambler.” “He was cool,” said Jack Binion, president

You’re reading a preview, subscribe to read more.

More from The Paris Review

The Paris Review1 min read
The People’s History of 1998
France won the World Cup.Our dark-goggled dictator died from eating a poisoned red applethough everyone knew it was the CIA. We lived miles from the Atlantic.We watched Dr. Dolittle, Titanic, The Mask of Zorro. Our grandfather, purblind and waitingfo
The Paris Review2 min read
Acknowledges
The Plimpton Circle is a remarkable group of individuals and organizations whose annual contributions of $2,500 or more help advance the work of The Paris Review Foundation. The Foundation gratefully acknowledges: 1919 Investment Counsel • Gale Arnol
The Paris Review22 min read
Social Promotion
I didn’t understand. If that boy couldn’t read, why was he up there? The girl they originally had hosting the ceremony didn’t show, but why they put that boy there? Just because he volunteer for everything? You can’t read off enthusiasm. It made the

Related Books & Audiobooks