Monday 26 February 2007

Problems of online gambling

What puzzles me about online gambling is how it is allowed to operate with 2 huge problems.
  1. How easy it is to collude.
  2. The unusually high odds of getting several great hands competing against each other
The worst case scenario for the first point is to have everyone except one person colluding. They can be communicating over the phone to tell each other their hands. You just cannot stop this. They could say they will monitor the behaviour and find out the collusion but this will be assuming they will hang around for long enough. After scamming the innocent, they can close the account and open another with a different computer. Even with just two people colluding, it is a huge advantage over the other players. I imagine spotting the collusion will become harder if there are fewer people colluding.

The second point can be prevented but it would not be in the interests of the gambling websites. They are only interested in more people betting. The more people with strong hands at the same time, the more money will go in the pot. I cannot understand how these skewed odds can be maintained.

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