Re: Computer-Robotic Wagering (1037 Views)
Posted by:
Fairmount1 (IP Logged)
Date: November 18, 2015 07:56PM
When I read the doom and gloom articles about CRW and average gamblers failing, my initial response is that they have an unfair advantage over me. But then after I consider it every time, I come back to the fact they are merely trying to squeeze out a profit every time and over the long term. In doing so, they make wagers knowing what the odds will calculate out to with their investment included. They might be off a miniscule amount but with their ulitimately late action, they are usually pretty close on their calculations. In any case, I look at computers a little bit like the knucklehead I see at the window betting 4 different horses to win. It might be a profitable move but they aren't taking down the entire pool.
They are squeezing out 1 percent profit let's say, wagering as much as possible, and getting the rebate percentage to make huge profits. That's what I'm seeing.
As for beating the game being mathematically impossible, I'd love to hear if Mike Maloney or our mjellish would agree with that sentiment. It might extraordinarily difficult but it isn't impossible.