Re:Group accused in $225K 'dice sliding' cheating scheme at ...
by gpm on Sunday May 28, 2023 @07:41PM
(#36108900)
Should casinos be illegal? Maybe.
Casinos aren't illegal though. Instead they're a legal business where you can come and play gambling games with negative expected value. The casino in turn pays for the space, staff, insurance, and profit from the expected value you've implicitly agreed to leave on the table by playing there.
Cheating the casino is, in spirit, fraudulently violating that agreement to play games with a negative expected value. Letting people break agreements like that isn't good for society, so it's criminal.
Criminal charges seem like the right outcome to me.
Also, we really ought to ban casinos. If we must allow gambling, we ought to require that it be 0 expected value make the casinos make their money by just charging an entrance fee.
Casinos aren't illegal though. Instead they're a legal business where you can come and play gambling games with negative expected value. The casino in turn pays for the space, staff, insurance, and profit from the expected value you've implicitly agreed to leave on the table by playing there.
Cheating the casino is, in spirit, fraudulently violating that agreement to play games with a negative expected value. Letting people break agreements like that isn't good for society, so it's criminal.
Criminal charges seem like the right outcome to me.
Also, we really ought to ban casinos. If we must allow gambling, we ought to require that it be 0 expected value make the casinos make their money by just charging an entrance fee.