Re:Russians Engineer a Slot Machine Cheat that Casinos Can't...
by kelnos on Monday February 06, 2017 @12:56PM
(#13582063)
Sure, at slots, but the parent alluded to other games where the odds aren't quite so bad.
In addition, games like poker aren't even played against the house; you're playing against the other players (and the house just takes a cut as a sort of "table fee"). If you're a skilled poker player, you can reduce the effects of luck (what cards you get vs. the cards others at your table get) and come out ahead more often than not.
And I'd agree that even a 30-40% chance of coming out ahead would be "significant"... people in the startup world still start new companies despite the conventional wisdom of a 10% success rate.
Having said that, sure, casino games are pure entertainment. Sure, you can win a little money, but you should never expect to, and you shouldn't play unless you're comfortable losing every cent you put into it.
In addition, games like poker aren't even played against the house; you're playing against the other players (and the house just takes a cut as a sort of "table fee"). If you're a skilled poker player, you can reduce the effects of luck (what cards you get vs. the cards others at your table get) and come out ahead more often than not.
And I'd agree that even a 30-40% chance of coming out ahead would be "significant"... people in the startup world still start new companies despite the conventional wisdom of a 10% success rate.
Having said that, sure, casino games are pure entertainment. Sure, you can win a little money, but you should never expect to, and you shouldn't play unless you're comfortable losing every cent you put into it.