Author: Geo Disher
Date: 18:23:18 09/05/01
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On September 05, 2001 at 15:24:56, Roy Eassa wrote: >On September 05, 2001 at 15:13:06, Dann Corbit wrote: > >>On September 05, 2001 at 14:47:04, Geo Disher wrote: >> >>>Does anyone know if Vegas has odds on the Deep Fritz Vs Kramnik. This might be >>>an opertunity to make some easy money on people that don't know high the >>>probability is of his winning. They tell me you can bet on just about anything >>>their. >>> >>>On the other hand they may tell us just how lopsided this match really is. >> >>The odds won't tell us anything but how the people are betting. >> >>There is a ratio which has a tiny gap in the middle, which is always owned by >>the casino. If bets start to flood one way or the other, they simply change the >>odds on new bets to ensure that no matter what happens, they always make money. >> >>There is no need for casino's to be accurate. As long as people bet in a heavy >>stream on both sides of the issue, there is no way that they can lose money, and >>so they don't have to have any inkling of how it might turn out. >> >>Do you imagine that casio owners actually know more about how such a match might >>turn out than computer chess junkies and chess players do? >> >>Not a chance. > > >I think that was the original point. Common people who make bets DON'T know >much about chess. The common conception is that computers are better than >humans. So the masses will bet against Kramnik, making the odds favorable for >those of us who know better! Exactly!
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