Quote:
Originally Posted by SageDonkey
The US/UK rulings give Casinos immunity from their operational error losses. In both cases I believe Phil Ivey was due partial payment and was hard done by, being besmirched.
Other gaming parallels where the courts don't afford the operator a Get Out Of Jail Free Card are customers arbitraging slightly wrong (2% to 5%) spread betting sports prices, and peer-to-peer betting platforms seeding their own markets, again with slightly incorrect prices.
Casinos offer a physical gaming experience allowing the player to render some of the expected probabilities imperfect so should take some of the resultant losses on the chin.
To go a little deeper, is it not the casinos responsibility to find natural flaws in its games and mitigate them? Responsible casinos do this all the time of course.
Similar situations where there would be a natural flaw are blackjack, where the inherent structure of the game allows the player to win (way more than 6.5% edge) if the deck is single, and gain a 1-3% edge from counting multiple deck shoes, or roulette where there can be an imbalanced table, or craps that have poorly balanced dice/perfectly smooth table edges, etc. The casinos mitigate these natural flaws in whatever way they can (performing balance calibrations, randomizing table edges, using 6-7 deck shoes, cutting shoes with shallow penetration). In the case of mitigating edge sorting (which can be done in blackjack as well), using a shuffler with a rotation included in the shuffle and/or edgeless cards.
Conversely, it is the advantage players motivation to find, expose, and exploit the natural flaws in the games to garner an edge. Before anyone on the courts side comments, I know that the court said such a thing does not apply to punto banco, and I really couldn't care less about the legal justification they used. Logically, punto banco shouldn't be any different than blackjack in this regard.
Ivey didn't
create an edge. He didn't mark the cards himself. He didn't touch the cards. The edge he gained was a natural flaw in the game that the casino allowed to be exposed by granting his requests.
Whether or not they knew about edge sorting is irrelevant. Their due diligence as a casino precludes that they should have known about it and should have eliminated it to the best of their ability.
Obviously it's not possible to have every flaw covered or know about every flaw possible; it's just the nature of reality. However, when they do lose because of a natural flaw, they historically have taken it on the chin and learned from it, mitigating it in the future. Now apparently they can get judges to rule for them not only ignorantly allowing but
consenting to natural flaws being exposed and exploited
as cheating, and not pay at all. IMO, this is wrong, which is why I'm here talking about it.
Last edited by DoOrDoNot; 11-15-2017 at 02:18 AM.