Yes, the point, as I have always thought, is not that playing with the devil is playing with a deceitful sharper, but playing against one's own inability to handle one's desires, one's own imperfections and basically facing the corruption of the original sin in oneself. The devil just sets things up in such a way that the human who yielded to the temptation arrives to the state of ruin faster, and initially enjoying the ride, all while not being formally lied to at any moment.
The idea is that there logically may be ways to outwit the devil, but he will never offer you a deal where you would be able to outwit him by the power of your (weak and corrupted) mind, so the faith is the only salvation, and rejecting any deals is the only non-losing strategy. Remember, Dr Faustus was not written by an atheist.