If you found a real gambling edge...

If you found a real edge in gambling... Would you share it with others?

The reason I bring this up, is the the Wizard recently posted a thread about a Lottery where he found that players actually had a significant edge when the total prize pool got to a certain amount. The Wizard was nice enough to share this data with everyone here. Would you? Or would you keep the profits for yourself?

Quote: gambler

If you found a real edge in gambling... Would you share it with others?

The reason I bring this up, is the the Wizard recently posted a thread about a Lottery where he found that players actually had a significant edge when the total prize pool got to a certain amount. The Wizard was nice enough to share this data with everyone here. Would you? Or would you keep the profits for yourself?

I would keep my mouth shut. But the cat is out of the bag here, I think.

Bear in mind that the Wizard didn't post any real secrets.

Sure, most of us, and perhaps many people in Mass, didn't know about that +EV date. However, the Wiz discovered it because someone else publicized it, and he stumbled across that notice, and did some math on it.

He may be helping to spread the word, but the cat was already out of the bag.

That said, if I discover a +EV game, what are the real odds that I am the first to discover it, or that whoever is running the game will continue running it as a +EV for long?

Therefore, I would help spread the word.

If I found a temporary edge, I would share it. If I found an edge that I could exploit until it was discovered, I would definitely not share it, or only share it with someone I trusted 100%.

FYI: It took me more than 5 minutes to compose my reply. I.E. odiousgambit and I both thought to use the "Cat is out of the bag" phrase.

It depends on the kind of edge. The lotto one the Wizard found is good for only a few times and I don't know whether it will make nay money even then.

Now, I recall a thread about a promotion allowing to triple down BJ bets at a big Indian casino in the Northeast, which gave an edge. I'd publicize that, because it was common knowledge and punlicized by the casino. As I recall, the Wizrd and maybe others drew up strategy charts to fully take advantage of the promo. This ahs also happened with loss rebate promos.

If I found a flaw in a game which allowed me to gain an edge, well, I'd test it and tell absolutely no one. If it worked, I'd keep at it until it dried up (nothing lasts forever).

But if I did ask for help I wouldn't ask on a public message board. I'd ask by email, and I would share the secret in that case, asking only for discretion.

Quote: FinsRule

If I found a temporary edge, I would share it. If I found an edge that I could exploit until it was discovered, I would definitely not share it, or only share it with someone I trusted 100%.

You can't trust anyone this much. I can't even tell my mom a secret without her telling it to everyone she trusts 100%.

I wouldn't tell anyone.

I'd love to know how the casinos discovered that Refresh Rate Programming Error in the electronic roulette game. Of course the company hasn't fessed up to it yet, but it seems thats what it was. Alot of people knew about the potential for a refresh rate error but it probably took only one of them to open their yap about it.

I hope I would keep quiet and just exploit it myself. Consider that Biloxi Sic Bo table with the misprint of 80:1 instead of 60:1 payout. People were flying in from Vegas to play in Biloxi and somebody spilled the beans rather promptly even before the casino noticed the heavy action at Sic Bo.

I would definitely keep it quiet, unless I needed confederates, or investors, to make it work.

One writer on that lotto offering felt it was immoral to publicise it, as you would dilute it and have many people 'chasing' after winnings that would become more elusive with an 'adjusted' pool. I felt that this was ridiculous, as participants in a betting pool are voluntary, and those who chase riches in gambling pay for the education they receive.

If a casino house had an offering that endangered the house, I might notify the casino about the problem. While many feel that a casino house is always ripe for the pickings, I have no qualms about alerting a casino operator as to when and where he might be endangering his business and how. Unlike most gamblers, I actually do have equal love for the operator as I do for the gamblers, and feel equal allegiance to the house as I do the gamblers.