And you bet your ass if I tried and succeeded I'm not going to come here and brag about it, risking whatever ephemeral edge I had. If I did this, I would do it for dollars, not karma points.
1,401 karma · joined November 10, 2013
And you bet your ass if I tried and succeeded I'm not going to come here and brag about it, risking whatever ephemeral edge I had. If I did this, I would do it for dollars, not karma points.
OT question: how would I get into acquiring market data to try my own backtesting strategies ? Is there anyway to "get in" without putting up $5k + for the data ? I'm not green to this, I worked at a prop shop for a year writing market feed handlers. I know the dangers of overfitting data and how hard it is to make money (so I'm not deluded by a fantasy). I want to start out just for fun doing backtesting and see if I can scrape out a (paper) profit, but accessing historical data seems to be the hard part. I dont think online services that offer this would work for me because I want to use intraday data and replay many times with different parameters. I want access to "the whole firehose" if you will.
not if they stash it in an offshore tax-haven in the Cayman Islands.
I think it was about people becoming upset at seeing their communities change for the worse, seeing signs and publications coming up in spanish, seeing mexican names in headlines about high-profile crime, seeing mexicans use EBT (welfare) cards at the grocery, hearing anecdotal stories about traffic incidents where "a mexican hit me and had no insurance..", and seeing mexican gangs come to their town.
I think a lot of those voters felt unheard and tired of the politically correct excuses used to defend them. And when someone finally stood up and said "I'm going to fight this [ one precursor that enabled these changes] ", they were immediately sold.
(I'm not going to put an "I'm not a racist" disclaimer here, you all should be mature enough to interpret whether or not I actually endorse those stances or whether I am explaining the motivations of others who do)
If they are related to money, they pull the machine out of the field until a new software version is fixed. A gaming company I used to work at had an issue with multi-jurisdictional machines that worked in Mexico but could display english or spanish. The machines could also change denomination, say from $0.05 to $0.25. There was some bug where if you reset the power, you could get it to bump your credits up from 20 nickels to 20 quarters (or might have been 20 pesos to 20 cents), it was something dramatic and easily exploitable that was fixed promptly.
Are you saying these people are innocent, and by some strange stroke of chance and luck, they all boarded a plane, flew across the world, and randomly won thousands of dollars ?
> would you want to take a chance with a jury or bench trial in a hostile (to you) jurisdiction?
hell yes I would. People love to rally behind the underdog and see the casinos lose. Look how much publicity the cases get when a machine malfunctions and displays $1,526,838,003.35 on the win meter, and like clockwork, they file a lawsuit to try to claim a billion-dollar payout.( they dont win, but still, people love to rally behind the plaintiff in those cases).
I'd say for the most part, the criminal courts are hostile to all defendants, not just by definition but by the "plea deal" schemes that prosecutors use and by the puritanical tendencies our society shows in their harsh punishments against "offenders" (viz. the drug war, sex offenses, gun charges, etc)
[1] (pdf warning) http://gaming.unlv.edu/reports/nv_slot_hold.pdf
Yes pai gow or 21 or (the best odds not including card-counting, IIRC), baccarat have better odds. But, if you go to a premier casino on the strip, you might not find a table you can afford. It's not uncommon for them to have a couple $5 tables and the rest $25 (per bet) and up. Mathematically it's a better choice, but a $25 buy-in costs $500 which you can lose in minutes if you're unlucky. Not a lot of people can stomach that (nor should they, as my original argument was for the entertainment value of gaming).
vegas can afford to turn their hold percentage much lower because millions of people go there every year and there's competition. Versus a lone indian casino in california's central valley.
and if people always lost, vegas would collapse because people would stop going.
You could make the argument that any other expensive hobby is also throwing away money:
* boating: buy a brand new boat for $65k, sell it 8 years later for $35k, plus $5k in total operating costs/insurance. You just "lost" 35k (not counting interest)
* rock climbing: buy $3k of gear and travel, $2k on lessons. Fall and break your arm for $6k, $11k "lost" for a couple years of entertainment.
* "travel", spend $6-10k on hotel, airfare, meals, in 2 weeks, all we have left to show for it is "memories". Great "investment".
(disclaimer: I'm not actually against the things I just mentioned. Only pointing out that they are "throwing away money" just like a weekend in vegas). Unless you're some hyper-disciplined monk who only uses money for humble necessities, you, too are throwing away money just like people do in a casino.
"Roulette - Biased Wheels and Wheelhead Speed - Casino News Daily"
I read the cached version, its an advisory for casinos about how to look out for biased wheels. I'll look again tonight when I get home.
when you use an active device that essentially guarantees you will win. Elsewhere in the thread someone quoted the Nevada regulations that explicitly state this. I'm sure each state has them now. Had they arrested these guys and didn't find an iPhone with custom software, or a confession that they were remitting their winnings back to Russia, they probably wouldn't be able to charge them with anything (but they could still kick them out of all casinos).
Not to mention full regression testing on the statistics of the game. You would have to "re-prove" the validity of the RNG , which requires another QA cycle, statistical expert, and game designer (to ensure that the frequency and distribution of wins matches the specification sheet)
I disagree that the "system is designed to beat you" or that the casino "cheats". The casino is there for entertainment. If you don't use it in moderation it can ruin your life just like any other vice: alcohol, drugs, sex, etc.
If you have $1000-$5000 (or more), you can fly out to Vegas for the weekend, have a really good time (gaming is only part of that), fly home, and you've got a significant chance that you'll either win or break even. You might also lose, and that's the excitement cycle that is gambling. But even if you lose you can also have a good time at a show/nightclub/concert, every kind of themed bar, meet women, etc, so if you discard "winning money" as the primary objective, gambling isn't designed to beat you.
If you go to the casino every day after work, don't be surprised that you will not win anything, or that it might escalate just like any other drug (spending more, not happy when you win, etc).
What shocks me is that these guys have the technical prowess to reverse engineer the game/PRNG, but they didn't have the sense to slow down their pace, or reverse engineer the casino management system to avoid detection (or they didn't think to hide their iphone from the start, they said the first guy was holding it right up to the screen, when $100 spent on a clothing alteration would have allowed him to hide it). If you're going to fly internationally to commit a crime, you should know who you're up against and use adequate countermeasures.
Actually, that just occurred to me, if you included recipes with the advertising, that wouldn't bother me at all. Just like reddit's DIY, start with the finished "product", then say " to make this, buy these things" (of course with a shortcut to just add them all to your cart) "and do this:" (cue to video of person making the dish).
but back to advertising, just quick (15s) videos with simple information and price. maybe with sideways scrolling so if I'm looking at margarine, it also has quick links to butter and vegetable oil. Don't skimp on video: each product has the same demo video/advertisement so I can compare them.
Bonus if the "updates" (ads) were targeted to me. If I were vegetarian, it should know not to show me about prime rib, for instance. If it sees I only buy granola or mainly health foods, don't give me ads about lucky charms. and not 30 second commercials either, just quick intros, with video/pictures, and a few facts about relevant products.
I live in the 'burbs and I drive every day anyway. To me, the pain isn't the driving (though for some urban areas I'm sure it is), it's just the hassle of parking and shopping in a crowded, inefficient store (wasting my time), and hauling all my stuff back to the car.
I think theres a deeper psychological issue at play here too: delivered to your door makes you passive, at the "mercy" or whim of the company/person making the delivery. There's a subconscious anxiety associated with waiting in anticipation. Whereas, going out and picking up makes you the active one. Sure the store could make you wait, but if they design their system properly, "ready for pickup" should mean just that. But "out for delivery" could me 5m or 3 hours from now.