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CCTV Hack Takes Casino For $33 Million
iComp writes "A sophisticated scheme to use a casino's own security systems against it has netted scammers $33 million in a high-stakes poker game after they were able to gain a crucial advantage by seeing the opposition's cards. The team used a high-rolling accomplice from overseas who was known to spend large amounts while gambling at Australia's biggest casino, the Crown in Melbourne, according to the Herald Sun. He and his family checked into the Crown and were accommodated in one of its $30,000-a-night villas. The player then joined a private high-stakes poker game in a private suite. At the same time, an unnamed person got access to the casino's CCTV systems in the poker room and fed the information he gleaned back to the player via a wireless link. Over the course of eight hands the team fleeced the opposition to the tune of $33 million."
the casino only loses it's reputation in this situation. the monetary losers are the ones sitting across from him on the poker table.
The house just provides a table to play at and charges based on the bets placed. So the only people fleeced here were the other players.
" got access to the casino's CCTV systems in the poker room and fed the information he gleaned back to the player via a wireless link" Who's to say the casinos don't do this themselves on a daily basis? The fact that this was possible at all makes me question the frequency of such an 'exploit', and not only that, the fact that the opposing players cards were 'readable by security camera' is something that should worry pretty much everyone
Remember kids: What's right isn't as important as what's profitable.
Ok, but you had better not have any possessions or anything other than bare subsistence yourself. If I find out you have incredible luxuries like cars or computers when people are starving, I shall judge you to be immoral.
The only part of the casino where they ever permit people to be profitable without being lucky, is the slots. The slots will have the pay schedule on the front of the machine, and sometimes you find some machines where they're set to pay out more than they take in. They'll usually be up front near the door to try and entice suckers to come and gamble. And they're usually video poker where if you play perfectly, you can expect a small profit over time.
(disclaimer: I work in the gaming industry)
That might be true in unregulated or poorly regulated gaming markets. Some Indian gaming casinos have no state oversight.
However, in the larger markets, such as here in Las Vegas it is completely a myth that casinos will put the "looser" machines near the door, end of the aisles, etc.
They are disallowed from changing the odds of it "hitting" and they will NEVER allow a machine on the floor that pays out more than it takes in. And they don't need to...people come in play them regardless if someone near the door hits.
Also, slots are about the worst in terms of probability.
And they're usually video poker where if you play perfectly, you can expect a small profit over time.
Um...no. But the Casino can expect to make a large profit over time.
There isn't really anything like "play perfectly" but you might "get lucky" once in a while and enjoy some small, near term profit. Over the long term, you'll still lose overall.
If it didn't work that way, casinos wouldn't operate them.
A casino game can be way over or under the theoretical payout percentage
Yes, with one machine the payout can vary wildly from day to day but with a large casino such as crown (2500 machines, 24hrs a day) the daily variance from 15% will be pretty close to zero.
And did you exchange a walk on part in the war for a lead role in a cage? - Pink Floyd.