[extropy-chat] casinos, yes or no

[Mike Lorrey]

--- Damien Broderick <thespike at satx.rr.com> wrote:
> At 03:05 PM 5/12/2004 -0700, Rafal wrote:
> 
> >Michael Anissimov wrote:
> >>it is straightforward for the casinos to coax away their life
> savings, 
> >>resulting in their long-term suffering.
> 
> >This is innocuous, apparently pleasant to those who have too little 
> >mathematical savvy to interfere with their thinking, does not harm
> third 
> >parties, or children
> 
> If they spend so much on the rush of gambling that they lose their 
> life-savings (this might be true only of a small proportion, though) 
> they'll presumable require medical and other funding from taxed
> sources, including Rafal Inc.

Watched a program on the tube a while back about a team of students
from MIT who learned card counting and signalling tricks and went on to
take every casino in Vegas for a ride totalling several million dollars
over a few years, until a security contractor eventually catalogued
them all and sent their dossiers to the worldwide casino industry.

There was another group a decade or so ago that built a computer into a
shoe to calculate roulette trajectories.

It is entirely possible to work a blackjack table for profit. Counting
itself is legal, all they can do when they figure out you are doing it
is to ask to you to take your winnings and leave. 

=====
Mike Lorrey
Chairman, Free Town Land Development
"Live Free or Die, Death is not the Worst of Evils."
                                       - Gen. John Stark
Blog: http://www.xanga.com/home.aspx?user=Sadomikeyism


	
		
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