Win/lose rations aren't determined by "rigging the decks", not in blackjack, poker, roulette, anything. They are determined by the rules of the game. There is NO need for any casino, live or online, to "rig" anything - the rules of the game dictate the house edge, and that's it.
You don't make any corrections, you don't have to make anything "feel natural for the players" - that's just FUD in disguise. If a casino wants to make more money on Blackjack, they either get players to play more hands, for more money, or they alter the rules of the game (for instance, and a real-world example, start paying 6-5 on a Blackjack instead of 3-2).
The law (for instance, of Antigua) says that a certain game (say Blackjack) should have a theoretical house edge of X% - that means that the online casino is not allowed to alter the rules too much, or they will not be allowed to keep their license. The law does not, and of course requires you not to, interfere with the randomness of the game, or let you make any "corrections".
This might have been true in the "dark ages" of Internet gaming/gambling - today, however, most of the "big" names in the business are:
- Publicly traded (many on the London Stock Exchange)
- Using 3rd party consulting companies to veryfiy their fairness (such as Price Waterhouse Coopers)
- Members of eCOGRA (the self-governing body of online gaming operators)
Besides this, all of them ARE licensed AND regulated. Many are licensed in Khanawakee (sp?), Malta, Gibraltar or the Isle of Man. Not exactly third-world countries with rampant corruption. It's a very US thing to do - believing that noone but the US could possibly be trusted to license and regulate financial transactions (maybe with the exception of Switzerland...), and that since the companies aren't based in the US they must be doing something illegal. All the while, we outside of the US can't believe our eyes when pretty much every election in the US ends with court-decided results and blatant miscounts. It's pretty hillarious actually, but in a very sad and a bit scary way.
To actually comment a bit on your comment - the Internet is a wonderful thing, where self-regulation can actually work (see Slashdot...). Governments don't need to prevent "Ponzi-style operations". Should they become a problem, the community will find a way to regulate itself or go under - pretty much Free Economics 101. And any casino that returns 99.99% of the money bet to the players would be totally incredible...
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Win/lose rations aren't determined by "rigging the decks", not in blackjack, poker, roulette, anything. They are determined by the rules of the game. There is NO need for any casino, live or online, to "rig" anything - the rules of the game dictate the house edge, and that's it. You don't make any corrections, you don't have to make anything "feel natural for the players" - that's just FUD in disguise. If a casino wants to make more money on Blackjack, they either get players to play more hands, for more money, or they alter the rules of the game (for instance, and a real-world example, start paying 6-5 on a Blackjack instead of 3-2). The law (for instance, of Antigua) says that a certain game (say Blackjack) should have a theoretical house edge of X% - that means that the online casino is not allowed to alter the rules too much, or they will not be allowed to keep their license. The law does not, and of course requires you not to, interfere with the randomness of the game, or let you make any "corrections".
This might have been true in the "dark ages" of Internet gaming/gambling - today, however, most of the "big" names in the business are:
- Publicly traded (many on the London Stock Exchange)
- Using 3rd party consulting companies to veryfiy their fairness (such as Price Waterhouse Coopers)
- Members of eCOGRA (the self-governing body of online gaming operators)
Besides this, all of them ARE licensed AND regulated. Many are licensed in Khanawakee (sp?), Malta, Gibraltar or the Isle of Man. Not exactly third-world countries with rampant corruption.
It's a very US thing to do - believing that noone but the US could possibly be trusted to license and regulate financial transactions (maybe with the exception of Switzerland...), and that since the companies aren't based in the US they must be doing something illegal. All the while, we outside of the US can't believe our eyes when pretty much every election in the US ends with court-decided results and blatant miscounts. It's pretty hillarious actually, but in a very sad and a bit scary way.
To actually comment a bit on your comment - the Internet is a wonderful thing, where self-regulation can actually work (see Slashdot...). Governments don't need to prevent "Ponzi-style operations". Should they become a problem, the community will find a way to regulate itself or go under - pretty much Free Economics 101.
And any casino that returns 99.99% of the money bet to the players would be totally incredible...
Oh well.
Wow. That's pretty bold. Copyrighting the words of God. Now, if I just could crack a few jokes about this...