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$100,000 Poker Bot Tournament
Costa Galanis writes "The LA Times is reporting that a poker tournament will be held where engineers will be able to pit their automatic poker-playing programs against each other in a tournament similar to the upcoming World Series of Poker main event, with a 100,000 dollar cash prize for the winning program. The article mentions how the recent rise in popularity of poker has encouraged many to try and create the poker equivalent of chess' Big Blue, the chess playing computer program that defeated the world's top chess player in a widely publicized event, and also talks about how many engineers also are trying to make bots that are good enough to play and beat human players for money in online casinos."
Granted, bluffing is definitely a good thing. That's why a really good poker bot absolutely must bluff. I presume these bots use game theoretical algorithms to decide when and how often to bluff.
If two bots were identical and one bluffed 3% of the time (and didn't bluff away all of his chips), in the long run the bluffing bot should win. Because the non-bluffing bot will believe the bluffing bot has a hand those extra 3% of hands, and thus the bluffing bot will in the long run win more than half of the hands and do better in the long run.
The interesting question is how often one should program the computer to bluff in what situations. . .
Anyone who thinks the best poker stategies are dictated by statistics has no idea how to play poker. That won't make much of a poker playing strategy. The trick is representing stength and guessing what kind of hand your opponent has despite what they are representing.
Against real players the primary way of determining this is through the unconscious betting patterns almost every player has. Bots with some AI could do well at this. Bots against other bots is potentially an even more difficult problem.
What I fail to see is why anyone who had a well functioning bot would enter this kind of contest. There is far more money to be made without getting yourself the undue notoriety of this sort of success.