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A significant change in gambling odds
http://www.guardian.co.uk/crime/article/0,2763,1175810,00.html
I don't like the article's tone (for calling those chaps "a gang" before the court decision, when they actually did nothing illegal), but I love the idea and technological spirit. Well done.
Vlad Gudim
Wednesday, March 24, 2004
I heard this story on the radio. One thing I don't understand - I thought in roulette you had to place your bet before the ball was released? (If that wasn't the case before, it will be now)
And personally, I think the wisest move by the Ritz would be to let them keep the money and say "you beat us fair and square" - huge PR move.
Philo
Philo
Wednesday, March 24, 2004
Philo :
From the article
The bet or bets are placed before the cut-off point of three turns of the roulette wheel.
Fredrik Svensson
Wednesday, March 24, 2004
And having a cut-off point just before three last circles is probably to do with encouraging people to gamble more and making roulette so much more exciting.
Vlad Gudim
Wednesday, March 24, 2004
Actually all the casinos need to do is add bounce pins on the wheels. I believe the Vegas casinos did this some time ago. A friend of mine who was a croupier let someone win on a wet wednesday afternoon after he noticed he could get the ball into roughly the same quarter of the wheel, thus vastly altering the odds.
Also here in the UK roulette tables (sometimes) have areas you can place bets on in wheel sequence. I don't know what the Ritz has but it would certainly increase these guys odds.
I have seen some very odd bets being attempted after the wheel has started and the dealer has called "no more bets" but then each casino can (and frequently do) have their own variation of the rules.
Peter Ibbotson
Wednesday, March 24, 2004
The book _The Eudaemonic Pie_ is all about this.
http://www.amazon.com/exec/obidos/tg/detail/-/0595142362/qid=1080132756/sr=1-1/ref=sr_1_1/104-2063120-5580729?v=glance&s=books
Tayssir John Gabbour
Wednesday, March 24, 2004
I'm not interested in gambling or mathematical theories behind it myself. But I find rather exciting the applied approach of this team.
I think they had to overcome a few technological obstacles before they "got it right" and probably did a good research.
Could someone here comment on technological side, please? Anyone who is into measurement devices, embedded programming?
Vlad Gudim
Wednesday, March 24, 2004
How Bizarre. "The Eudaemonic Pie" sounds exactly like a book I read 15 years ago titled "The Newtonian Casino". In fact, I think it _is_ the same book -- same author, same description, same subject-matter... Why would they change the title? Is this common practise?
Adrian
Wednesday, March 24, 2004
They changed the title because they really, really wanted to use the word "Eudaemonic"
Clutch Cargo
Wednesday, March 24, 2004
>How Bizarre. "The Eudaemonic Pie" sounds exactly like a
>book I read 15 years ago titled "The Newtonian Casino".
>In fact, I think it _is_ the same book -- same author, same
>description, same subject-matter... Why would they
>change the title? Is this common practise?
It is indeed the same book. Confused me for a while at first as well. They change titles for culturally different audiences, or possibly if a local title already exists. Sometimes it could be just the whim of some publisher. It's not all that uncommon - A recent example the first Harry Potter book (and film) changed from (UK):
Harry Potter and the Philosopher's Stone ->
Harry Potter and the Sorcerer's Stone
For the US audience. Don't know what the reason was though.
Gordon Hartley
Wednesday, March 24, 2004
Google on LIDAR for information on using a laser to determine the ball position. Also, there is a story that MIT gambling team did the same thing at Atlantic City.
pdq
Wednesday, March 24, 2004
Only at MIT would they have a "Gambling Team".
;-)
Michael Kale
Wednesday, March 24, 2004
I don't think they were oifficial.
Somebody linked to the story some posts back. Do a Google search on the forum for the story.
Stephen Jones
Wednesday, March 24, 2004
Americans generally don't know what a philosopher's stone is.
Keith Wright
Wednesday, March 24, 2004
Can a mobile phone be used to predict gaming odds , if so how ?
Jon Wedger
Friday, April 2, 2004
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